Industry Background:
Residential construction is the business of building and selling multi-family and individual dwellings. The construction business varies mainly in the size and scale of operations. A builder buys a piece of land, develops a land by clearing and grading it, and constructing sidewalks, roads, drainage, electrical & water supplies, and waste removal, among others. After that, the builder offers to build either pre-designed homes, custom homes, or pre-manufactured homes based on the market. Based on the type, the market has been segmented into single-unit, manufactured, duplex, quad-plex, and apartments & condominiums. According to the World Economic Forum, residential housing accounts for 38% of global construction volume and also expected to witness rapid growth during the forecast period.
This growth is primarily driven by Multi-Billion Dollar Federal and State Government Investment in Residential Infrastructure Projects, Increasing Demand for Modular, Prefabricated Buildings and The Increasing Disposable Income of Individuals among the Developing Nations.
Globally, a noticeable market trend is evident Green Building Will Continue to Grow. The Construction & Engineering sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Country Garden (China), DR Horton (United States), Lennar Corporation (United States), Pulte Group Inc. (United States), Toll Brothers Inc. (United States), Beijing Construction Engineering Group (China), Larson & Toubro (India), Jaypee Group (India), Al Futtaim (United Arab Emirates) and China State Construction Engineering (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 14 Nov 2017, Beijing Construction Engineering Group (BCEG) signed a deal with Israel-based Carasso Real Estate to be the main contractor of the Neot Ariel Sharon project in Tel Aviv. The project in Tel Aviv will have a total area of 25,000 square meters, to be built in six phases. Six residential buildings will have about 800 apartments.
On 11 Sept. 2017, Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia announced plans to develop an all-new, mixed-use community in Dubai, at Cityscape Global 2017. The landmark community is set to become the company’s flagship lifestyle destination in the emirate by offering an unparalleled integrated living experience to both residents and visitors.
Market Drivers
- Multi-Billion Dollar Federal and State Government Investment in Residential Infrastructure Projects
- Increasing Demand for Modular, Prefabricated Buildings
- The Increasing Disposable Income of Individuals among the Developing Nations
Market Trend
- Green Building Will Continue to Grow
Restraints
- Labor Shortages
- Fluctuations in Construction Material Prices
Opportunities
The Various Government Housing Schemes to the Urban Poor and The Growth Opportunities from Emerging Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Residential Construction Study Sheds Light on
The Residential Construction Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Residential Construction industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Residential Construction industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.