DUBLIN--(BUSINESS WIRE)--The "Multifamily Housing Green Buildings Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global multifamily housing green buildings market is expected to grow from $97.17 billion in 2021 to $116.63 billion in 2022 at a compound annual growth rate (CAGR) of 20%. The market is expected to reach $241.18 billion in 2026 at a CAGR of 19.9%.
Major players in the market are Turner Construction Co., Clark group, AECOM, Swinerton, Hensel Phelps, Skansa, Lendlease, Holder Construction, Webcor and Walsh group.
The multi-family residential green buildings market consists of sales of multi-family residential green buildings and related services for occupation or rentals by households. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact, throughout a building's life-cycle from siting to design, construction, operation, maintenance, renovation, and deconstruction.
The main types of multifamily housing green buildings are new construction and remodelling. Remodeling is the process of changing or modifying something's structure, style, or shape. Asia Pacific was the largest region in the multi-family residential green buildings market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period.
Customers are more informed of the benefits and cost savings in the long run from sustainable and net-zero homes. Homebuyers are now well informed and are acknowledging the reference to healthier homes, quality construction, and high performance. As per a report by The National Association of Home Builders' (NAHB) authoritative, multi-family builders and remodelers said operating efficiency and long-term utility cost savings are the reason customers are convinced to invest in green construction of homes. Therefore, customer awareness on factors such as environmental impacts, sustainability, and long-term cost savings is driving the growth of the Multi-family residential green building market.
Consumers and Builders are targeting towards achieving more sustainable homes with a focus on minimizing carbon footprint by promoting self-sustainable homes, termed as Net-zero homes. A Net Zero home produces energy through various domestic renewable energy technologies such as solar panels, micro wind turbines, sinkholes, compost gas for its requirements. It aims to produce at least as much energy as it consumes.
Net zero home stock is projected to rise from 57,800 homes in 2019 to 534,500 homes in 2028. Around 36% of multi-family home builders are building their homes green, 80% of them are dedicated green home builders with more than 90% of their projects green. The green builders are expected to grow to 47% by 2022 and are investing more in this segment. These statistics show us an increasing trend of Net-zero homes in the Residential construction market.
Higher costs hinder the buyer and the supplier to invest more in multi-family residential green buildings. Green buildings cost higher than conventional homes and requires more initial investment. High costs to construction firms would result in high costs to the buyers.
As per Green Single Family and Multifamily Homes 2020, a new survey from the National Association of Home Builders and Dodge Data & Analytics, 86% of single family builders, 72% of single family remodelers and 74% of multifamily builders/ remodelers agreed that green buildings costs more than traditional home building.
In addition to this, the majority of owners rent these homes and the renters enjoy the benefits of a green home for no additional premium. This perception is further restraining the homeowners to expend more on green buildings.
Key Topics Covered:
1. Executive Summary
2. Multi-Family Housing Green Buildings Market Characteristics
3. Multi-Family Housing Green Buildings Market Trends And Strategies
4. Impact Of COVID-19 On Multi-Family Housing Green Buildings
5. Multi-Family Housing Green Buildings Market Size And Growth
5.1. Global Multi-Family Housing Green Buildings Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Multi-Family Housing Green Buildings Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Multi-Family Housing Green Buildings Market Segmentation
6.1. Global Multi-Family Housing Green Buildings Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- New Construction
- Remodelling
6.2. Global Multi-Family Housing Green Buildings Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Interior Products
- Exterior Products
6.3. Global Multi-Family Housing Green Buildings Market, Segmentation By Construction Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Full Green
- Semi Green
7. Multi-Family Housing Green Buildings Market Regional And Country Analysis
7.1. Global Multi-Family Housing Green Buildings Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Multi-Family Housing Green Buildings Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- Turner Construction Co.
- Clark group
- AECOM
- Swinerton
- Hensel Phelps
- Skansa
- Lendlease
- Holder Construction
- Webcor
- Walsh group
- Gilbane Building Co.
- Structure Tone
- Whiting-Turner Contracting Co.
- Clayco
- Level 10 Construction
- DPR Construction
- PCL Construction Enterprises
- Suffolk
- Austin Industries
- McCarthy Holdings
- BL Halbert Intl
- James G. Davis Construction
- Hoffman Construction
- Brasfield & Gorrie
- David E Harvey Builders
- The Balfour Beatty US
- Hathway Dinwiddie Construction
- Mortenson Construction
- Sundt Construction
- HITT Contracting
- Power Construction
For more information about this report visit https://www.researchandmarkets.com/r/d70fbz
