REIT market 2023-2027; Segmentation by Type, Application and Geography; CAGR accelerating at 2.8% by 2027- Technavio
NEW YORK, June 2, 2023 /PRNewswire/ -- The REIT Market is segmented by type (industrial, commercial, and residential), application (warehouses and communication centers, self-storage facilities and data centers, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa)
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Regional Market Outlook
During the forecast period, North America is anticipated to contribute 63% to the growth of the global market. The geographical trends and drivers that will shape the market over the course of the forecast have been thoroughly discussed by Technavio's analysts.
The region is likely to support the growth of the market during the forecast period due to the expansion of industries like manufacturing, food and beverage production, chemical production, and e-commerce. The US rent costs for storage and warehouse facilities have increased due to the low vacancy rate of industrial buildings such as storage and warehouses, which is approximately 3%?6%.
View the sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Global Market Outlook
The REIT market is anticipated to expand at a CAGR of 2.8%. The market is expected to grow in size by USD 333.01 billion. Online purchasing has expanded globally in recent years. As internet connectivity developed globally, e-commerce expanded and traditional merchants found it more challenging to expand. The quantity of items sold through online channels has expanded with the growth of internet commerce globally. Global e-commerce giants like Amazon, Alibaba, JD.com, and IKEA are among those opening their warehouses to accommodate the rise in sales volumes as a result. A long-term strategy to develop its smart warehouse network throughout Southeast Asia, including Vietnam, Indonesia, Malaysia, and Singapore, was revealed by Alibaba's logistics company Cainiao in November 2021.
Latest Drivers and Challenges Impacting the REIT market
REIT Market Drivers
Increase in global demand for warehousing and storage facilities: Electronics, automotive, chemical, food and beverage, pharmaceutical, and FMCG products are stored in the storage and warehousing facilities. Warehouses are used by producers, importers, exporters, logistics service providers, and others to store finished and semi-finished items. During the projection period, the expansion of warehouse and storage facilities is anticipated to favorably affect demand for the global REIT market. This is due to how expensive it is to build new warehouses and storage facilities. The high cost of real estate also pushes up the cost of construction for the various end-user businesses. During the projection period, the rise in demand for warehousing and storage services will boost the expansion of the worldwide REIT market
Growing residential sector globally
Increasing support of government
REIT Market Challenges
Vertical integration by e-commerce companies: Sales of e-commerce have increased globally in recent years. As a result, major international e-commerce firms like Amazon, Alibaba, JD.com, and IKEA are setting up their own warehouses to handle the growth in sales volume. The logistics arm of Alibaba, Cainiao, unveiled a long-term strategy in November 2021 to build up its network of smart warehouses across Southeast Asia, including Vietnam, Indonesia, Malaysia, and Singapore.
Compliance with government regulations and policies that hinder operational efficiency
Financial constraints
Explore the evolving Vendor Landscape
In-depth analysis of the market's competitive environment and details on 15 vendors are also included in the report.
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Key benefits of the report:
This study presents the analytical depiction of the REIT market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the REIT market share.
The current market is quantitatively analyzed to highlight the REIT market growth scenario.
The report provides a detailed REIT market analysis depending on competitive intensity and how the competition will take shape in coming years.
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REIT Market Scope
Report Coverage
Details
Page number
152
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 2.8%
Market growth 2023-2027
USD 333.01 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
2.6
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 63%
Key countries
US, Japan, Singapore, UK, and Germany
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Automotive Properties REIT, CapitaLand Integrated Commercial Trust Management Ltd., Deutsche WohnenDeutsche Wohnen SE, Dexus Group, Federal Realty Investment Trust, FIBRA Prologis, Gecina REIT SA, GPT Management Holdings Ltd., Iron Mountain Inc., Japan Real Estate Investment Corp., Klepierre Reit SA, Link Asset Management Ltd., Mirvac Group, NorthWest Healthcare Properties, Omega Healthcare Investors Inc., RioCan Real Estate Investment Trust, Segro Plc, STAG Industrial Inc., Stockland Corp. Ltd., and W. P. Carey Inc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition 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.
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.
Exhibit 151: Omega Healthcare Investors Inc. - Overview
Exhibit 152: Omega Healthcare Investors Inc. - Product / Service
Exhibit 153: Omega Healthcare Investors Inc. - Key offerings
12.14 RioCan Real Estate Investment Trust
Exhibit 154: RioCan Real Estate Investment Trust - Overview
Exhibit 155: RioCan Real Estate Investment Trust - Product / Service
Exhibit 156: RioCan Real Estate Investment Trust - Key offerings
12.15 Segro Plc
Exhibit 157: Segro Plc - Overview
Exhibit 158: Segro Plc - Business segments
Exhibit 159: Segro Plc - Key offerings
Exhibit 160: Segro Plc - Segment focus
12.16 STAG Industrial Inc.
Exhibit 161: STAG Industrial Inc. - Overview
Exhibit 162: STAG Industrial Inc. - Product / Service
Exhibit 163: STAG Industrial Inc. - Key offerings
12.17 W. P. Carey Inc.
Exhibit 164: W. P. Carey Inc. - Overview
Exhibit 165: W. P. Carey Inc. - Business segments
Exhibit 166: W. P. Carey Inc. - Key offerings
Exhibit 167: W. P. Carey Inc. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 168: Inclusions checklist
Exhibit 169: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 170: Currency conversion rates for US$
13.4 Research methodology
Exhibit 171: Research methodology
Exhibit 172: Validation techniques employed for market sizing
Exhibit 173: Information sources
13.5 List of abbreviations
Exhibit 174: List of abbreviations
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