Global Multifamily Housing Construction (Apartments) Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
14 Jul, 2023
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%.
Global Multifamily Housing Construction (Apartments) Market Key Driver
The population growth is expected to propel the growth of the multi-family housing construction(apartments) market. The yearly average rate of change in population size for a certain nation, territory, or geographic area over a given time period is referred to as population growth. As the population grows, more people must be housed, which raises the demand for multi-family home building.
Get a sample of the global multifamily housing construction (apartments) market reportGlobal Multifamily Housing Construction (Apartments) Market Segments
The global 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
4) By Geography: The regions covered in the multifamily housing construction (apartments) market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global multifamily housing construction (apartments) market.
Major Multifamily Housing Construction (Apartments) Industry Players
Continental Properties Company Inc., JPI Companies, The Michaels Organization LLC, Pinnacle Infratech, PulteGroup Inc., Richman Group, TRG Realty Company, The Bozzuto Group, Nestcon Shelters Private Limited, Habyt, Greystar Real Estate Partners, Mill Creek Residential, Wood Partners, Alliance Residential, Lincoln Property Company
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Multifamily Housing Construction (Apartments) Market Overview
Multi-family housing is the subcategory of housing that consists of many dwelling units inside the same building or in a complex. It is divided to accommodate more than one family living separately. They can range from a duplex to small homes or apartment buildings.
Multifamily Housing Construction (Apartments) Global Market Report 2023 provides data on the global multifamily housing construction (apartments) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The multifamily housing construction (apartments) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.