Industrial Land Planning And Development Global Market Report 2023
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LONDON, GREATER LONDON, UK, November 27, 2023 /EINPresswire.com/ — The global industrial land planning and development market, valued at $12.23 billion in 2022, is anticipated to reach $13.19 billion in 2023, exhibiting a steady compound annual growth rate (CAGR) of 7.9%. Despite challenges posed by the Russia-Ukraine war and disruptions from the COVID-19 pandemic, the market is poised for expansion, with a projected market size of $17.64 billion by 2027, growing at a CAGR of 7.5%.
Driving Forces: Population Growth and Industrial Warehouses Demand
The growth of the industrial land planning and development market is attributed to factors such as increasing population growth and a rising demand for industrial land. The surge in industrial warehouses, crucial for storing raw materials and finished goods, is expected to drive the market. E-commerce sectors, accounting for 60% of total absorption in 2020, increased to 83% in 2021, highlighting the significance of industrial warehouses. Architects are leveraging technological advancements to design vertically integrated inventory spaces, optimizing land utilization without expanding its physical footprint.
Key Players: Opus Group, ProLogis, Panattoni Development, IDI, Duke Realty
Major players contributing to the growth of the industrial land planning and development market include Opus Group, ProLogis, Panattoni Development Co., IDI, and Duke Realty Corp. These industry leaders are at the forefront of adopting technological advancements to enhance operational efficiency and sustainability.
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Technological advancements have emerged as a key trend in the industrial land planning and development market. Leading companies, such as Honeywell, are introducing solutions like “The Honeywell Forge Real Estate Operations” to streamline and combine operational and business data. The cloud-based software aims to empower building owners and managers to make informed decisions, increase efficiency, and work towards sustainability objectives.
Market Segmentation: Varied Categories Reflect Market Dynamics
1) By Type: Industrial Developments, and Other Developments
2) By Industry: Residential, and Organization
Regional Dynamics: Asia-Pacific Leads Market Growth
Asia-Pacific emerged as the largest region in the industrial land planning and development market in 2022. The regions covered in the market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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Industrial Land Planning And Development Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Industrial Land Planning And Development Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on industrial land planning and development market size, industrial land planning and development market drivers and industrial land planning and development market trends, industrial land planning and development market major players, competitors’ revenues, market positioning, and market growth across geographies. The industrial land planning and development market report helps you gain in-depth insights on industrial land planning and development market opportunities and industrial land planning and development market strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as Global Industrial Land Planning and Development Market Projected to Reach $17.64 Billion by 2027
