This report describes and explains the industrial real estate market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global industrial real estate market reached a value of nearly $265.84 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.56% since 2019. The market is expected to grow from $265.84 billion in 2024 to $347.45 billion in 2029 at a rate of 5.50%. The market is then expected to grow at a CAGR of 4.79% from 2029 and reach $438.95 billion in 2034.
Growth in the historic period resulted from the increasing infrastructure development, increasing construction activities and increased industrialization. Factors that negatively affected growth in the historic period were rising construction material costs and rising energy costs.
Going forward, the increasing e-commerce growth, supply chain optimization, cold storage and logistics growth and favorable government support will drive the growth. Factor that could hinder the growth of the industrial real estate market in the future include regulatory zoning and restrictions and interest rate challenges.
Asia-Pacific was the largest region in the industrial real estate market, accounting for 36.15% or $96.1 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial real estate market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 6.68% and 5.39% respectively. These will be followed by Africa and Western Europe where the markets are expected to grow at CAGRs of 5.37% and 5.15% respectively.
The top ten competitors in the market made up to 9.40% of the total market in 2023. Coldwell Banker Real Estate LLC was the largest competitor with a 2.24% share of the market, followed by Cushman & Wakefield Inc. with 2.12%, JLL (Jones Lang LaSalle). with 1.65%, Prologis Inc. with 0.61%, Ares Management Corporation. with 0.61%, Colliers International Group Inc. with 0.57%, Brookfield Corporation with 0.49%, Goodman Group. with 0.39%, CBRE Group. with 0.38% and Avison Young with 0.32%.
The industrial real estate market is segmented by product into industrial, retail, office and warehousing. The warehousing market was the largest segment of the industrial real estate market segmented by product, accounting for 40.57% or $107.85 billion of the total in 2024. Going forward, the warehousing segment is expected to be the fastest growing segment in the industrial real estate market segmented by product, at a CAGR of 7.56% during 2024-2029.
The industrial real estate market is segmented by application into manufacturing, distribution, logistics, research and development, data centers and other applications. The manufacturing market was the largest segment of the industrial real estate market segmented by application, accounting for 30.09% or $79.98 billion of the total in 2024. Going forward, the data centers segment is expected to be the fastest growing segment in the industrial real estate market segmented by application, at a CAGR of 7.04% during 2024-2029.
The industrial real estate market is segmented by size into small, medium and large. The small market was the largest segment of the industrial real estate market segmented by size, accounting for 45.30% or $120.43 billion of the total in 2024. Going forward, the small segment is expected to be the fastest growing segment in the industrial real estate market segmented by size, at a CAGR of 5.97% during 2024-2029.
The top opportunities in the industrial real estate markets segmented by product will arise in the warehousing segment, which will gain $47.4 billion of global annual sales by 2029. The top opportunities in the industrial real estate markets segmented by size will arise in the small segment, which will gain $40.5 billion of global annual sales by 2029. The top opportunities in the industrial real estate markets segmented by application will arise in the manufacturing segment, which will gain $22.67 billion of global annual sales by 2029. The industrial real estate market size will gain the most in the USA at $16.48 billion.
Market-trend-based strategies for the industrial real estate market include focus on developing strategic partnerships, such as real estate management solutions.
Player-adopted strategies in the industrial real estate market include focus on strengthening its business operations through new franchise launches and through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the industrial real estate companies to focus on warehousing to capitalize on rapid market growth, expand in emerging markets, continue to focus on developed markets, focus on developing strategic partnerships to expand distribution channels, focus on optimizing pricing strategies for industrial real estate, focus on leveraging digital channels to reach target audiences, focus on building relationships with key stakeholders and focus on targeting key end-user segments in industrial real estate.
The global industrial real estate market reached a value of nearly $265.84 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.56% since 2019. The market is expected to grow from $265.84 billion in 2024 to $347.45 billion in 2029 at a rate of 5.50%. The market is then expected to grow at a CAGR of 4.79% from 2029 and reach $438.95 billion in 2034.
Growth in the historic period resulted from the increasing infrastructure development, increasing construction activities and increased industrialization. Factors that negatively affected growth in the historic period were rising construction material costs and rising energy costs.
Going forward, the increasing e-commerce growth, supply chain optimization, cold storage and logistics growth and favorable government support will drive the growth. Factor that could hinder the growth of the industrial real estate market in the future include regulatory zoning and restrictions and interest rate challenges.
Asia-Pacific was the largest region in the industrial real estate market, accounting for 36.15% or $96.1 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial real estate market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 6.68% and 5.39% respectively. These will be followed by Africa and Western Europe where the markets are expected to grow at CAGRs of 5.37% and 5.15% respectively.
The top ten competitors in the market made up to 9.40% of the total market in 2023. Coldwell Banker Real Estate LLC was the largest competitor with a 2.24% share of the market, followed by Cushman & Wakefield Inc. with 2.12%, JLL (Jones Lang LaSalle). with 1.65%, Prologis Inc. with 0.61%, Ares Management Corporation. with 0.61%, Colliers International Group Inc. with 0.57%, Brookfield Corporation with 0.49%, Goodman Group. with 0.39%, CBRE Group. with 0.38% and Avison Young with 0.32%.
The industrial real estate market is segmented by product into industrial, retail, office and warehousing. The warehousing market was the largest segment of the industrial real estate market segmented by product, accounting for 40.57% or $107.85 billion of the total in 2024. Going forward, the warehousing segment is expected to be the fastest growing segment in the industrial real estate market segmented by product, at a CAGR of 7.56% during 2024-2029.
The industrial real estate market is segmented by application into manufacturing, distribution, logistics, research and development, data centers and other applications. The manufacturing market was the largest segment of the industrial real estate market segmented by application, accounting for 30.09% or $79.98 billion of the total in 2024. Going forward, the data centers segment is expected to be the fastest growing segment in the industrial real estate market segmented by application, at a CAGR of 7.04% during 2024-2029.
The industrial real estate market is segmented by size into small, medium and large. The small market was the largest segment of the industrial real estate market segmented by size, accounting for 45.30% or $120.43 billion of the total in 2024. Going forward, the small segment is expected to be the fastest growing segment in the industrial real estate market segmented by size, at a CAGR of 5.97% during 2024-2029.
The top opportunities in the industrial real estate markets segmented by product will arise in the warehousing segment, which will gain $47.4 billion of global annual sales by 2029. The top opportunities in the industrial real estate markets segmented by size will arise in the small segment, which will gain $40.5 billion of global annual sales by 2029. The top opportunities in the industrial real estate markets segmented by application will arise in the manufacturing segment, which will gain $22.67 billion of global annual sales by 2029. The industrial real estate market size will gain the most in the USA at $16.48 billion.
Market-trend-based strategies for the industrial real estate market include focus on developing strategic partnerships, such as real estate management solutions.
Player-adopted strategies in the industrial real estate market include focus on strengthening its business operations through new franchise launches and through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the industrial real estate companies to focus on warehousing to capitalize on rapid market growth, expand in emerging markets, continue to focus on developed markets, focus on developing strategic partnerships to expand distribution channels, focus on optimizing pricing strategies for industrial real estate, focus on leveraging digital channels to reach target audiences, focus on building relationships with key stakeholders and focus on targeting key end-user segments in industrial real estate.
Major Market Trends
- Strategic Partnerships Driving Growth in Industrial Real Estate
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Industrial Real Estate Growth Analysis and Strategic Analysis Framework
9 Global Industrial Real Estate Market Segmentation
10 Industrial Real Estate Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in Industrial Real Estate
24 Opportunities and Strategies
25 Industrial Real Estate Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Industrial Real Estate Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global industrial real estate market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for industrial real estate? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The industrial real estate market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider industrial real estate market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product by size and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product by size and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for industrial real estate providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) by Product: Industrial; Retail; Office; Warehousing
2) by Size: Small; Medium; Large
3) by Application: Manufacturing; Distribution; Logistics; Research and Development; Data Centers; Other Applications
Key Companies Profiled: Coldwell Banker Real Estate LLC.; Cushman & Wakefield Inc.; JLL (Jones Lang LaSalle); Prologis Inc.; Ares Management Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; industrial real estate indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Industrial Real Estate market report include:- Coldwell Banker Real Estate LLC.
- Cushman & Wakefield Inc.
- JLL (Jones Lang LaSalle)
- Prologis Inc.
- Ares Management Corporation
- Colliers International Group Inc.
- Brookfield Corporation
- Goodman Group
- CBRE Group
- Avison Young
- Mitsui O.S.K. Lines, Ltd. (MOL)
- ESR Group Limited
- Industrial Investment Trust Limited (IITL)
- Actis
- Mahindra Lifespaces
- Bhoomilap Pvt Ltd.
- Hulic Co.
- Lendlease Corporation
- Centuria Capital Group
- Sattva Group
- Jababeka Group
- Bain Capital
- DNE Group
- China Merchants Shekou Industrial Zone Holdings Co., Ltd.
- Sino-Ocean Group Holding Limited
- China Merchants Property Development Co., Ltd.
- Shui On Land Limited
- Hang Lung Group
- China Overseas Land and Investment Limited (COLI)
- China Vanke Co., Ltd.
- China Resources Land Limited
- Seibu Holdings
- Mitsubishi Estate Co., Ltd
- Mitsui Fudosan Co., Ltd.
- Taisei Corporation
- Sumitomo Realty & Development Co., Ltd.
- Tokyu Land Corporation
- Nomura Real Estate Holdings, Inc.
- Mori Trust Co., Ltd.
- Warburg Pincus
- IGIS Asset Management
- Dongbu Corporation
- Booyoung Group
- ShinYoung Greensys
- Taekwang Industrial Co., Ltd.
- ESR Kendall Square REIT Co. Ltd
- Business Immo
- Oxford Economics
- Hutcheon Mearns Ltd
- Arcapita
- SEGRO
- Logicor
- Colliers Baltic
- Samolet Group
- Accolade Holding
- CPI Property Group
- Prologis
- GLP
- Panattoni
- P3 Logistic Parks
- Knight Frank
- M7 Real Estate
- Summit Realty Ventures, LLC
- Investcorp
- Jones Lang LaSalle Incorporated
- Sealy & Company LLC
- Exeter Property Group LLC
- Hillwood Development Company
- Rexford Industrial Realty Inc.
- First Industrial Realty Trust Inc.
- EastGroup Properties Inc
- Terreno Realty Corporation
- Dermody Properties LLC
- Bridge Development Partners LLC
- Conor Commercial Real Estate
- CenterPoint Properties
- Lincoln Property Company
- Clarion Partners
- Patria Investments Limited
- SalfaCorp
- Odebrecht
- JHSF Participações S/A
- Andrade Gutierrez
- BR Properties
- Sonda
- Terranum
- IRSA Inversiones y Representaciones
- Reches Real Estate
- TECOM Group
- Newmark Group, Inc
- Agility Logistics
- Yusuf Bin Ahmed Kanoo Group
- Gav-Yam
- Emaar Properties
- Aldar Properties
- Saudi Industrial Property Authority - MODON
- Dubai Investments PJSC
- Manazel Real Estate
- Al Mazaya Holding
- LMD
- Madinet Masr for Housing and Development SAE
- Chagoury Group
- Murray & Roberts
- Aden Group
- RMB Westport
- Palm Hills Developments
- Jumia Properties
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 314 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 265.84 Billion |
| Forecasted Market Value ( USD | $ 438.95 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 108 |
