Commercial real estate market Size to Grow by USD 260.37 billion from 2022 to 2027: a descriptive analysis of customer landscape, vendor assessment, & market dynamics - Technavio

NEW YORK, Dec. 5, 2022 /PRNewswire/ -- Technavio categorizes the global commercial real estate market as a part of the global construction and engineering market, the parent market. The global construction and engineering market cover companies that are primarily engaged in non-residential construction, including engineering service providers and EPC contractors. The commercial real estate market size is estimated to increase by USD 260.37 billion from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 3.3%.

Technavio has announced its latest market research report titled Global Commercial Real Estate Market 2023-2027
Technavio has announced its latest market research report titled Global Commercial Real Estate Market 2023-2027

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Global commercial real estate market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria

  • Adoption rates

  • Adoption lifecycle

  • Drivers of price sensitivity

Global Commercial real estate market – Vendor Analysis

Vendor Landscape - The global commercial real estate market is fragmented, with the presence of several companies. A few prominent vendors that offer earphones and headphones in the market are ATC Group Services LLC, Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., DLF Ltd., Keller Williams Realty Inc., Lee & Associates Licensing and Administration Co. LP, Link Asset Management Ltd., MARCUS & MILLICHAP Inc., MaxWell Realty Canada, and others.

The global commercial real estate market is subject to rapidly changing industry demands and preferences. However, the market is fragmented because of several international and domestic vendors. Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. Increasing vendor competition may lead to vendors reducing their product prices, which could negatively affect their profit margins and market growth during the forecast period.

Vendor Offerings -

  • ATC Group Services LLC: The company offers solutions for commercial real estate evaluating space plans, and inspection of building systems, structure, code, and facility conditions.

  • Boston Commercial Properties Inc.: The company offers solutions for commercial real estate that includes initial space programming, verifying assumptions of space needs, and investigating and assessing suitable alternative properties.

  • Brookfield Business Partners LP: The company offers solutions for commercial real estate that includes office, retail, multifamily, logistics, hospitality, land and housing, triple net lease, manufactured housing, and student housing assets on different continents.

  • CBRE Group Inc.: The company offers solutions for commercial real estate comprising car parks, offices and logistics centers and different retail outlets.

  • DLF Ltd.: The company offers solutions for commercial real estate which involve design expertise, technology, advanced safety systems, and sustainability.

For Details on vendors and their offerings – Buy the report!

Global commercial real estate market Segmentation Assessment

Geography Overview

Based on geography, the global commercial real estate market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global earphone and headphone market.

  • APAC will contribute 52% of the global cloud data warehouse market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The commercial real estate market in APAC is witnessing growth, mainly due to the growth in the industrial sector, which has led to an increase in the demand for commercial office spaces. China, Japan, India, South Korea, and Singapore are the main revenue-contributing countries in APAC in this category.

Segment Overview

Based on end-user, the global commercial real estate market is segmented into offices, retail, leisure, and others.

  • The market share growth of the offices segment will be higher than the other segments during the forecast period. The offices segment held the highest share of the global commercial real estate market in 2022 and will continue to dominate the market during the forecast period. The major factor driving the growth of this segment is the increasing demand for commercial offices from industrial sector companies. Moreover, various investors are heavily investing in commercial offices as it guarantees high returns on investment. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth during the forecast period.

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Global commercial real estate market – Market Dynamics

  • Impactful Driver - The growing commercial sector is driving the global corporate e-learning market growth. The construction of commercial spaces such as offices, warehouses, and malls is on the rise globally. The commercial construction industry is expected to show robust growth during the forecast period, driven by rapid industrialization and urbanization in emerging economies. Therefore, the construction sector is anticipated to experience high growth, which, in turn, will drive the growth of the market during the forecast period.

  • Key trend - Increasing marketing initiatives is a key trend in the market. Several vendors in the market are deploying integrated marketing communication strategies by leveraging communication channels such as newspapers, magazines, and social media to sell their products. The creative strategy improves brand authenticity and recognition and generates consumer interest in the company's products. The increasing marketing initiatives are a growing trend, which is expected to drive the growth of the market during the forecast period.

  • Major Challenge - The increasing preference for the work-from-home model is the major challenge in the market. The increasing adoption of the work-from-home model has severely affected the growth of the market in recent years. During the lockdowns in 2020 following the outbreak of the COVID-19 pandemic, most companies adopted the work-from-home policy, which led to a significant decline in the demand for office spaces. Thus, the increasing preference for the work-from-home model can become a major challenge, which will hamper the growth of the market during the forecast period.

Driver, Trends, & Challenges are the factors of market dynamics, which state about consequences & sustainability of the businesses. Find a few insights from a sample report!

What are the key data covered in this commercial real estate market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the commercial real estate market between 2023 and 2027

  • Precise estimation of the size of the commercial real estate market size and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the commercial real estate market industry across APAC, North America, Europe, Middle East and Africa, and South America

  • Thorough analysis of the market's competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of commercial real estate market vendors

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Commercial real estate market Scope

Report Coverage

Details

Page number

147

Base year

2022

Historic period

2017-2021

Forecast Period

2023 -2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.3%

Market growth 2023-2027

USD 260.37 billion

Market structure

Fragmented

YoY growth (%)

2.4

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing contribution

APAC at 52%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ATC Group Services LLC, Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., DLF Ltd., Keller Williams Realty Inc., Lee & Associates Licensing and Administration Co. LP, Link Asset Management Ltd., MARCUS & MILLICHAP Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Onni Contracting Ltd., Prologis Inc., RAK Properties PJSC, Segro Plc, Shannon Waltchack, TCN Worldwide, Wanda Group, and WeWork Companies LLC

Market dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table Of Contents:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global commercial real estate market 2017 - 2021

  • 4.2 End-user Segment Analysis 2017 - 2021

  • 4.3 Geography Segment Analysis 2017 - 2021

  • 4.4 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by End-user

  • 6.1 Market segments

  • 6.2 Comparison by End-user

  • 6.3 Offices - Market size and forecast 2022-2027

  • 6.4 Retail - Market size and forecast 2022-2027

  • 6.5 Leisure - Market size and forecast 2022-2027

  • 6.6 Others - Market size and forecast 2022-2027

  • 6.7 Market opportunity by End-user

7 Customer Landscape

  • 7.1 Customer landscape overview

8 Geographic Landscape

  • 8.1 Geographic segmentation

  • 8.2 Geographic comparison

  • 8.3 APAC - Market size and forecast 2022-2027

  • 8.4 North America - Market size and forecast 2022-2027

  • 8.5 Europe - Market size and forecast 2022-2027

  • 8.6 South America - Market size and forecast 2022-2027

  • 8.7 Middle East and Africa - Market size and forecast 2022-2027

  • 8.8 US - Market size and forecast 2022-2027

  • 8.9 China - Market size and forecast 2022-2027

  • 8.10 Japan - Market size and forecast 2022-2027

  • 8.11 Germany - Market size and forecast 2022-2027

  • 8.12 UK - Market size and forecast 2022-2027

  • 8.13 Market opportunity by geography

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers

  • 9.2 Market challenges

  • 9.3 Impact of drivers and challenges

  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview

  • 10.2 Vendor landscape

  • 10.3 Landscape disruption

  • 10.4 Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered

  • 11.2 Market positioning of vendors

  • 11.3 ATC Group Services LLC

  • 11.4 Boston Commercial Properties Inc.

  • 11.5 Brookfield Business Partners LP

  • 11.6 CBRE Group Inc.

  • 11.7 DLF Ltd.

  • 11.8 Link Asset Management Ltd.

  • 11.9 MaxWell Realty Canada

  • 11.10 Nakheel PJSC

  • 11.11 Onni Contracting Ltd.

  • 11.12 Prologis Inc.

  • 11.13 RAK Properties PJSC

  • 11.14 Segro Plc

  • 11.15 Shannon Waltchack

  • 11.16 Wanda Group

  • 11.17 WeWork Companies LLC

12 Appendix

  • 12.1 Scope of the report

  • 12.2 Inclusions and exclusions checklist

  • 12.3 Currency conversion rates for US$

  • 12.4 Research methodology

  • 12.5 List of abbreviations

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Global Commercial Real Estate Market 2023-2027
Global Commercial Real Estate Market 2023-2027
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