June 23, 2024
Residential Real Estate Market in Myanmar 2023-2027; Segmentation by Type , Geography and Mode of Booking; CAGR accelerating at 3.97 % by 2027- Technavio
Residential Real Estate Market in Myanmar 2023-2027; Segmentation by Type , Geography and Mode of Booking; CAGR accelerating at 3.97 % by 2027- Technavio

NEW YORK, June 2, 2023 /PRNewswire/ — Residential real estate market in Myanmar is segmented by type (landed houses and villas, apartments, and condominiums) geography (Europe, APAC, South America, Middle East and Africa) and mode of booking (sales and rental/lease). During the forecast period, the segment of landed houses and villas is expected to experience notable market share growth. […]

The post Residential Real Estate Market in Myanmar 2023-2027; Segmentation by Type , Geography and Mode of Booking; CAGR accelerating at 3.97 % by 2027- Technavio first appeared on TREND MAG.

NEW YORK, June 2, 2023 /PRNewswire/ — Residential real estate market in Myanmar is segmented by type (landed houses and villas, apartments, and condominiums) geography (Europe, APAC, South America, Middle East and Africa) and mode of booking (sales and rental/lease). During the forecast period, the segment of landed houses and villas is expected to experience notable market share growth.

Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports Download the PDF Sample Report

Regional Market Outlook

During the forecast period, the residential construction industry is anticipated to grow strongly due to rising urbanization and Myanmar’s rising standard of living.

The report encompasses the adoption lifecycle of the market, ranging from the innovator’s stage to laggard stage. It provides insights into adoption rates accross various regions, considering the level of market penetration. Additionally, the report highlights key purchase criteria and drivers of price sensitivity, offering valuable information for companies to assess and formulate growth strategies.

View the sample report for more key highlights on the regional market share 

Global Market Outlook

The size of the market is forecast to increase by USD 181.3 million. The residential real estate market in Mynmar is a component of the global specialized consumer service market, which falls the under broader category of global diversified consumer services market.

The global specialized consumer service market includes various consumer service providers, such as residential services, home security services, legal services, personal servies, renovation and interior design services, consumer auction services, wedding services, and funeral services.

The market for specialized consumer services is at a crossroads, with positive market effects coming from rising construction activities worldwide, rising consumer disposable income, innovative marketing strategies adopted by vendors, rising adoption of online channels for service subscription, and specialized consumer services’ ease of convenience. 

Latest Drivers and Challenges Impacting the Residential real estate market

Residential Real Estate Market Drivers

  • Growing residential sector in Myanmar: The residential real estate industry in Myanmar is being driven by a rise in the number of residential buildings. In Myanmar, there is an increase of residential buildings such single-family homes, condominiums, cooperatives, duplexes, townhouses, and multifamily residences. During the projection period, the residential building sector is anticipated to rise strongly due to rising urbanisation and Myanmar’s rising standard of living. Additionally, as home buyers start making significant investments in residential developments with cutting-edge amenities like shopping malls with multiplexes, schools, hospitals, leisure clubs, office buildings, and parks, the concept of integrated living is quickly expanding in the residential sector. Home buyers are now seeking to lead a more tranquil life that is self-sufficient and secure. 
  • Rising investments in sustainable urban infrastructure
  • Increasing support of government for affordable houses

Residential Real Estate Market Challenges

  • Regulatory uncertainty: The completion of development projects can be made more difficult and expensive by shifting regulatory standards. Existing assets may also face additional difficulties and operational limitations. For real estate owners and operators, the needed clarity, durability, predictability, and stability are increasingly lacking in the current regulatory framework at all levels of government, including federal, state, and municipal. Additionally, Myanmar’s government regulators are adopting regulations and legislation that evaluate the efficiency and transparency of real estate assets in accordance with environmental, social, and governmental (ESG) standards. Real estate investors are being compelled by these regulations to assess and document the risks associated with their properties’ water, energy, waste, carbon emissions, and climate change. 
  • Increasing prices of raw materials required for construction
  • Saturation of the residential real estate market in certain countries and cities

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.

Some of the residential real estate market vendors are:

  • Ayeryar Hinthar Holdings Co. Ltd.
  • Beaver Concrete Construction Co., Inc.
  • Capital Diamond Star Group Ltd.
  • Dagon Group
  • Eden Group
  • Ever Seiko Co. Ltd.
  • Excellent Fortune Development Group
  • IME Group
  • Keppel Corp. Ltd.
  • Marga 23 Investment Ltd.
  • Max Myanmar Group
  • Myanmar Seilone Group 
  • Shwe Taung Development Co. Ltd.
  • Yoma Strategic Holdings Ltd.

Request a sample today to explore the offerings of vendors and discover how they can benefit your business. – View Sample Report in minutes

Key benefits of the report:

  • This study presents the analytical depiction of the residential real estate 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 detailed analysis of the residential real estate Market share.
  • The current market is quantitatively analyzed to highlight the residential real estate market growth scenario.
  • The report provides a detailed residential real estate market analysis depending on competitive intensity and how the competition will take shape in coming years.

Register for a free trial today and gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform

Related Reports

  • Residential Real Estate Market – The Global Residential Real Estate Market size is estimated to grow at a CAGR of 5.07% between 2022 and 2027 and the market is forecasted to increase by USD 514.41 billion. 
  • Europe Commercial Real Estate Market  The Global Commercial Real Estate Market in Europe is estimated to grow by USD 80.59 billion between 2022 and 2027 accelerating at a CAGR of 5.55%.

Residential Real Estate Market In Myanmar Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.97%

Market growth 2023-2027

$ 181.3 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.72

Regional analysis

Burma (Myanmar)

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

 Aung Myin Pyae Sone Co., Ltd., Ayeryar Hinthar Holdings Co. Ltd., Beaver Concrete Construction Co., Inc., Capital Diamond Star Group Ltd., Dagon Group, Eden Group, Ever Seiko Co. Ltd., Excellent Fortune Development Group, IME Group, Keppel Corp. Ltd., Marga 23 Investment Ltd., Max Myanmar Group, Myanmar Seilone Group , Shwe Taung Development Co. Ltd., and Yoma Strategic Holdings Ltd.

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, Market condition analysis for 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.

Don’t miss out on critical insights purchase our report now

Table of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Booking
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 11: Chart on Burma (Myanmar) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 12: Data Table on Burma (Myanmar) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 13: Chart on Burma (Myanmar): Year-over-year growth 2022-2027 (%)
    • Exhibit 14: Data Table on Burma (Myanmar): Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Residential real estate market in Myanmar 2017 – 2021 
    • Exhibit 15: Historic Market Size – Data Table on Residential real estate market in Myanmar 2017 – 2021 ($ million)
  • 4.2 Type Segment Analysis 2017 – 2021 
    • Exhibit 16: Historic Market Size – Type Segment 2017 – 2021 ($ million)
  • 4.3 Mode of booking Segment Analysis 2017 – 2021 
    • Exhibit 17: Historic Market Size – Mode of booking Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 25: Chart on Type – Market share 2022-2027 (%)
    • Exhibit 26: Data Table on Type – Market share 2022-2027 (%)
  • 6.2 Comparison by Type
    • Exhibit 27: Chart on Comparison by Type
    • Exhibit 28: Data Table on Comparison by Type
  • 6.3 Landed houses and villas – Market size and forecast 2022-2027 
    • Exhibit 29: Chart on Landed houses and villas – Market size and forecast 2022-2027 ($ million)
    • Exhibit 30: Data Table on Landed houses and villas – Market size and forecast 2022-2027 ($ million)
    • Exhibit 31: Chart on Landed houses and villas – Year-over-year growth 2022-2027 (%)
    • Exhibit 32: Data Table on Landed houses and villas – Year-over-year growth 2022-2027 (%)
  • 6.4 Apartments and condominiums – Market size and forecast 2022-2027 
    • Exhibit 33: Chart on Apartments and condominiums – Market size and forecast 2022-2027 ($ million)
    • Exhibit 34: Data Table on Apartments and condominiums – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Chart on Apartments and condominiums – Year-over-year growth 2022-2027 (%)
    • Exhibit 36: Data Table on Apartments and condominiums – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Type 
    • Exhibit 37: Market opportunity by Type ($ million)

7 Market Segmentation by Mode of Booking

  • 7.1 Market segments
    • Exhibit 38: Chart on Mode of Booking – Market share 2022-2027 (%)
    • Exhibit 39: Data Table on Mode of Booking – Market share 2022-2027 (%)
  • 7.2 Comparison by Mode of Booking 
    • Exhibit 40: Chart on Comparison by Mode of Booking
    • Exhibit 41: Data Table on Comparison by Mode of Booking
  • 7.3 Sales – Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Sales – Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Sales – Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Sales – Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Sales – Year-over-year growth 2022-2027 (%)
  • 7.4 Rental/Lease – Market size and forecast 2022-2027 
    • Exhibit 46: Chart on Rental/Lease – Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Rental/Lease – Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Rental/Lease – Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Rental/Lease – Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Mode of Booking 
    • Exhibit 50: Market opportunity by Mode of Booking ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 52: Impact of drivers and challenges in 2022 and 2027
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 53: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 54: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 55: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 56: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 57: Matrix on vendor position and classification
  • 11.3 Aung Myin Pyae Sone Co Ltd 
    • Exhibit 58: Aung Myin Pyae Sone Co Ltd – Overview
    • Exhibit 59: Aung Myin Pyae Sone Co Ltd – Product / Service
    • Exhibit 60: Aung Myin Pyae Sone Co Ltd – Key offerings
  • 11.4 Ayeryar Hinthar Holdings Co. Ltd. 
    • Exhibit 61: Ayeryar Hinthar Holdings Co. Ltd. – Overview
    • Exhibit 62: Ayeryar Hinthar Holdings Co. Ltd. – Product / Service
    • Exhibit 63: Ayeryar Hinthar Holdings Co. Ltd. – Key offerings
  • 11.5 Beaver Concrete Construction Co., Inc. 
    • Exhibit 64: Beaver Concrete Construction Co., Inc. – Overview
    • Exhibit 65: Beaver Concrete Construction Co., Inc. – Product / Service
    • Exhibit 66: Beaver Concrete Construction Co., Inc. – Key offerings
  • 11.6 Capital Diamond Star Group Ltd. 
    • Exhibit 67: Capital Diamond Star Group Ltd. – Overview
    • Exhibit 68: Capital Diamond Star Group Ltd. – Product / Service
    • Exhibit 69: Capital Diamond Star Group Ltd. – Key offerings
  • 11.7 Dagon Group
    • Exhibit 70: Dagon Group – Overview
    • Exhibit 71: Dagon Group – Product / Service
    • Exhibit 72: Dagon Group – Key offerings
  • 11.8 Eden Group
    • Exhibit 73: Eden Group – Overview
    • Exhibit 74: Eden Group – Product / Service
    • Exhibit 75: Eden Group – Key offerings
  • 11.9 Ever Seiko Co. Ltd.
    • Exhibit 76: Ever Seiko Co. Ltd. – Overview
    • Exhibit 77: Ever Seiko Co. Ltd. – Product / Service
    • Exhibit 78: Ever Seiko Co. Ltd. – Key offerings
  • 11.10 Excellent Fortune Development Group 
    • Exhibit 79: Excellent Fortune Development Group – Overview
    • Exhibit 80: Excellent Fortune Development Group – Product / Service
    • Exhibit 81: Excellent Fortune Development Group – Key offerings
  • 11.11 IME Group
    • Exhibit 82: IME Group – Overview
    • Exhibit 83: IME Group – Product / Service
    • Exhibit 84: IME Group – Key offerings
  • 11.12 Keppel Corp. Ltd.
    • Exhibit 85: Keppel Corp. Ltd. – Overview
    • Exhibit 86: Keppel Corp. Ltd. – Business segments
    • Exhibit 87: Keppel Corp. Ltd. – Key offerings
    • Exhibit 88: Keppel Corp. Ltd. – Segment focus
  • 11.13 Marga 23 Investment Ltd. 
    • Exhibit 89: Marga 23 Investment Ltd. – Overview
    • Exhibit 90: Marga 23 Investment Ltd. – Product / Service
    • Exhibit 91: Marga 23 Investment Ltd. – Key offerings
  • 11.14 Max Myanmar Group
    • Exhibit 92: Max Myanmar Group – Overview
    • Exhibit 93: Max Myanmar Group – Product / Service
    • Exhibit 94: Max Myanmar Group – Key offerings
  • 11.15 Myanmar Seilone Group 
    • Exhibit 95: Myanmar Seilone Group – Overview
    • Exhibit 96: Myanmar Seilone Group – Product / Service
    • Exhibit 97: Myanmar Seilone Group – Key offerings
  • 11.16 Shwe Taung Development Co. Ltd. 
    • Exhibit 98: Shwe Taung Development Co. Ltd. – Overview
    • Exhibit 99: Shwe Taung Development Co. Ltd. – Product / Service
    • Exhibit 100: Shwe Taung Development Co. Ltd. – Key offerings
  • 11.17 Yoma Strategic Holdings Ltd. 
    • Exhibit 101: Yoma Strategic Holdings Ltd. – Overview
    • Exhibit 102: Yoma Strategic Holdings Ltd. – Product / Service
    • Exhibit 103: Yoma Strategic Holdings Ltd. – Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 104: Inclusions checklist
    • Exhibit 105: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 106: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 107: Research methodology
    • Exhibit 108: Validation techniques employed for market sizing
    • Exhibit 109: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 110: List of abbreviations
  • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.
  • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/residential-real-estate-market-in-myanmar-2023-2027-segmentation-by-type–geography-and-mode-of-booking-cagr-accelerating-at-3-97–by-2027–technavio-301840422.html
Images courtesy of https://pixabay.com

The post Residential Real Estate Market in Myanmar 2023-2027; Segmentation by Type , Geography and Mode of Booking; CAGR accelerating at 3.97 % by 2027- Technavio first appeared on TREND MAG.

originally published at Celebrities - TREND MAG