What Are The 5 Takeaways From The Real Estate Agency and Brokerage Market Overview 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Real Estate Agency and Brokerage Global Market Report 2023 offers crucial insights into the real estate agency and brokerage market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global real estate agency and brokerage market grew from $1,318.56 billion in 2022 to $1,414.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The real estate agency and brokerage market is expected to grow to $1,820.99 billion in 2027 at a CAGR of 6.5%.
Economic growth and a rapidly growing urban population are expected to increase the demand for residential and commercial building brokers, during the forecast period.
- Key Trend – Real estate companies are investing in artificial intelligence applications to perform various functions such as property search, building management, and design. Artificial intelligence is helping real estate companies to find people looking to buy or sell properties, find a suitable property based on customer requirements, and redesign office spaces based on user behavior.
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- Largest Region – Asia-Pacific was the largest region in the real estate agency and brokerage market in 2022.
- Major Players – Major companies in the real estate agency and brokerage market include Realogy Holdings Corp., Mitsui Fudosan Co. Ltd., Berkshire Hathaway Inc., CBRE Group.
- Top Market Segments –
- By Type: Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers, Mini warehouses And Self-Storage Units Brokers, Other Brokers
- By Mode: Online, Offline
- By Property Type: Fully Furnished, Semi-Furnished, Unfurnished
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global real estate agency and brokerage market in 2022.
Read The Full Real Estate Agency and Brokerage Market Report Here:
The Real Estate Agency and Brokerage Global Market Report 2023 provides a comprehensive outlook of the real estate agency and brokerage market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The real estate agency and brokerage market forecast offers a thorough analysis on real estate agency and brokerage market size, real estate agency and brokerage market share, prominent players and their strategies.
A real estate agency is a business that sells, rents, and manages homes and commercial properties as a service to its clients. Brokerage refers to a real estate activity focused on assisting buyers and/or sellers in purchasing property against the commission for the service provided.
The Table Of Content For The Real Estate Agency and Brokerage Market Include:
1. Real Estate Agency and Brokerage Market Executive Summary
2. Real Estate Agency and Brokerage Market Segments
3. Real Estate Agency and Brokerage Market Size And Real Estate Agency and Brokerage Market Growth Rate
4. Key Real Estate Agency and Brokerage Market Trends
5. Major Real Estate Agency and Brokerage Market Drivers
……
25. Key Mergers And Acquisitions In The Real Estate Agency and Brokerage Market
26. Top Real Estate Agency and Brokerage Companies
27. Real Estate Agency and Brokerage Market Opportunities And Strategies
28. Real Estate Agency and Brokerage Market, Conclusions And Recommendations
29. Appendix
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