The Multifamily Housing Construction (Apartments) Global Market Report 2023, provides comprehensive information on the multifamily housing construction (apartments) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global multifamily housing construction (apartments) market size is expected to grow from $747.48 billion in 2022 to $821.07 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global multifamily housing construction (apartments) market size is expected to reach $1,141.85 billion in 2027 at a CAGR of 8.6%.
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Sustainability is a key trend gaining popularity in the multi-family housing construction market. Companies operating in the multi-family housing construction market are adopting new technologies to sustain their position in the market. For instance, in December 2021, Dahlin Group, a US-based engineering and construction company developed a tiny home prototype, Mod Hive, to help address the affordable housing shortage in Salt Lake City. The prototype can be used as a little cluster on a single lot or a tiny, well-planned development made up of several lots. This sustainable idea is to establish a little town with a community garden, outdoor gathering area, and firepit by using an inward-looking site plan. By using a lower-density arrangement at the front of the lot and a larger density at the back, it mimics the sense of a classic neighbourhood of two-story, single-family detached homes. This is an example of how sustainable living can be achieved.
The multifamily housing construction (apartments) market is segmented:
1) By Construction Activity: New Construction, Repair And Maintenance, Refurbishment And Demolition
2) By Cost Type: Construction Materials, Construction Equipment, Construction Services
3) By Application: Owned, Rental
Top Major Players:
Continental Properties Company Inc
JPI Companies
The Michaels Organization LLC
Pinnacle Infratech
PulteGroup Inc
North America was the largest region in the multifamily housing construction (apartments) market in 2022.
The table of contents in TBRC’s multifamily housing construction (apartments) market report includes:
1. Executive Summary
2. Multifamily Housing Construction (Apartments) Market Characteristics
3. Multifamily Housing Construction (Apartments) Market Trends And Strategies
4. Multifamily Housing Construction (Apartments) Market – Macro Economic Scenario
5. Multifamily Housing Construction (Apartments) Market Size And Growth
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26. Africa Multifamily Housing Construction (Apartments) Market
27. Multifamily Housing Construction (Apartments) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Multifamily Housing Construction (Apartments) Market
29. Multifamily Housing Construction (Apartments) Market Future Outlook and Potential Analysis
30. Appendix
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