The Affordable Housing Global Market Report 2023, provides comprehensive information on the affordable housing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Affordable Housing Market’s Growth:
https://www.thebusinessresearchcompany.com/report/affordable-housing-global-market-report
As per The Business Research Company’s Affordable Housing Global Market Report 2023, the global affordable housing market is expected to grow from $51.05 billion in 2022 to $54.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 affordable housing market is expected to reach $67.17 billion in 2027 at a CAGR of 5.5%.
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Technological advancements are the key trend gaining popularity in the affordable housing market. Major companies operating in the affordable housing market focus on developing innovative and technologically advanced affordable housing solutions to strengthen their market presence. For instance, in June 2023, AppFolio Inc., a US-based software company specializing in real estate management solutions, introduced a host of AI-powered capabilities and affordable housing solutions. The company will integrate these innovative artificial intelligence capabilities into affordable housing solutions to empower property managers to enhance resident experiences. This new affordable housing solution is designed to meet the specific requirements of clients that manage affordable housing properties or units in their portfolio. It includes managing compliance, expediting procedures, and integrating accounting operations for conventional and affordable housing units on a single platform.
The affordable housing market is segmented:
1) By Providers: Private Builders, Government, Public-private Partnership
2) By Size of Unit: Upto 400 square feet, 400-800 square feet, Above 800 square feet
3) By Location: Urban, Rural
4) By Income Categories: Economically Weaker Sections (EWS), Middle Income Group (MIG), Lower Income Group (LIG)
5) By Population: Slum Population, Non-slum population
North America was the largest region in the affordable housing market in 2022.
The table of contents in TBRC’s affordable housing market report includes:
- Executive Summary
- Affordable Housing Market Characteristics
- Affordable Housing Market Trends And Strategies
- Affordable Housing Market – Macro Economic Scenario
- Global Affordable Housing Market Size and Growth
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- Affordable Housing Market Other Major And Innovative Companies
- Global Affordable Housing Market Competitive Benchmarking
- Global Affordable Housing Market Competitive Dashboard
- Key Mergers And Acquisitions In The Affordable Housing Market
- Affordable Housing Market Future Outlook and Potential Analysis
Top Major Players
- Skanska AB
- The Related Group
- KEC International Limited
- L&T Construction
- Volunteers of America
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