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(MoneyNewsWire.Net, July 17, 2018 ) Commercial and institutional land development establishments service land and subdivide real property into lots, for subsequent sale to builders. Servicing of land may include excavation work for installation of roads and utility lines.
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The market was valued at $73 billion in 2017 and is expected to increase in demand for new buildings and heavy construction projects due to rapid urbanization in emerging markets owing to strong economic growth, rising disposable income, availability of credit at low interest rates, and changing consumer lifestyles preferences., development of new cities in emerging economies such as China and India.
Asia Pacific was the largest geographic region accounting for half of the market share due to the presence of a large number of construction companies serving a large customer base in countries such as China and India.
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China was the largest country accounting for two-fifth of the market share. This is due to the presence of a large number of construction companies catering to a large customer base in the country. And it is followed by Japan and India.
The major competitors in the market are Crown Holdings Group, Daniel Corporation, Halpern Enterprises , Holder Properties, The Jacoby Group. Crown Holdings, Inc. designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. Its primary products include steel and aluminium cans for food, beverage, household, and other consumer products, glass bottles for beverage products and metal vacuum closures, steel crowns and caps.
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