10-Aug-2022 | Facts and Factors
According to Facts and Factors, the global wellness real estate market size was worth around USD 279.4 billion in 2021 and is estimated to grow to about USD 863.9 billion by 2028, with a compound annual growth rate (CAGR) of approximately 20.70%over the forecast period. The report analyzes the wellness real estate market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the wellness real estate market.
The burgeoning wellness real estate sector can meet the world's enormous health concerns today. Giving people's wellness a top priority while designing, building, and redeveloping homes and areas is the primary goal of wellness real estate activities. The movement did not originate from anything; instead, it took the wellness idea from numerous historical and contemporary trends, merging the best aspects via a multifaceted wellness lens. The green building, design-driven, and food movements already have many widely recognized components. In addition, forthcoming residential projects and communities that emphasize wellness are already incorporating new types of urbanism, intentional communities, and creative ways.
Browse the full “Wellness Real Estate Market Size, Share, Growth Analysis Report By Vertical (Residential, Commercial, Office, Hospitality and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/wellness-real-estate-market
The wellness real estate market will be driven by an increase in supplier alliances and partnerships throughout the projected period. To fulfill the rising demand for buildings that adhere to the WELL Building Standard in both the commercial and residential luxury housing sectors, residential and master-planned communities and luxury houses are being built up. Developers increasingly include outdoor yoga studios, medicinal gardens filled with relaxing herbs, and meditation courtyards in their residential developments to preserve wellbeing among the affluent housing sectors. Additionally, wealthy homebuyers expect eco-friendly homes constructed with natural materials and interior design components supporting mental clarity. The market for luxury goods will also be driven by an expansion in vendor alliances and partnerships throughout the forecast period.
The expansion of green organizations globally and the start of various projects that transform current buildings into greener ones will fuel the growth of the wellness real estate market throughout the predicted timeframe. The global wellness real estate market is fragmented due to several local and foreign suppliers. Due to the rising market competition, provider rivalry is now a serious concern. Vendors offer specialized services and technology as a result of the fragmentation of the industry. Due to increased competition from overseas retailers, local and regional vendors have created alliances and joint ventures, which has intensified competitiveness in the sector. The market's growth is further constrained by bitter rivalry from adjacent producers of various building monitoring and control systems (such as air purifiers and others).
Segmental Overview
The global wellness real estate market is segregated based on the type of vertical and region. The market is divided into residential, commercial, office, hospitality and Others based on vertical. Over the forecast period, the commercial segment will dominate the market in 2021.
Regional Overview
The global wellness real estate market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America will dominate the global wellness Real estate market in 2021.38% of the market's growth will be accounted for by North America. The rising demand for quality wellness real estate and the expanding quantity of wellness real estate commercial and residential projects will contribute to North America's wellness real estate market over the anticipated timeframe. The expansion of the regional market is due to both the rise in wellness efforts and the increased demand for wellness programs in the area.
For the record, North America has 372 projects, followed by 293 in the Asia-Pacific, in terms of wellness lifestyle real estate developments. Due to several causes, such as capital growth and rising demand for open space, potential homeowners are increasingly choosing to live in single-family homes rather than apartment complexes, increasing the demand for plotted developments. More organized developers will be able to enter the planned development space due to the rising demand.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 279.4 Billion |
Projected Market Size in 2028 |
USD 863.9 Billion |
CAGR Growth Rate |
20.70% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Berkeley Group, Daily Harvest, Delos Living LLC, CBRE Group Inc., China Vanke Co.Ltd, GOCO Hospitality, GoFit Systems, Headspace Inc., Jones Lang LaSalle Incorporated MAG, Signify Holding, Solatube International Inc, DuanyPlater-Zyberk& Company, TATA Housing Development Company Limited, TOKYU CORPORATION, and Others |
Key Segment |
By Vertical, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global wellness real estate market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Key players functioning in the global wellness real estate market include Berkeley Group, Daily Harvest, Delos Living LLC, CBRE Group, Inc., China Vanke Co.Ltd, GOCO Hospitality, GoFit Systems, Headspace, Inc., Jones Lang LaSalle Incorporated MAG, Signify Holding, Solatube International, Inc, DuanyPlater-Zyberk& Company, TATA Housing Development Company Limited, TOKYU CORPORATION, and Others.
The global wellness real estate market is segmented as follows:
By Vertical
- Residential
- Commercial
- Office
- Hospitality
- Others
By Region
-
North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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