The Active Adult Community for Condominiums Market, which focuses on providing independent and active lifestyles for individuals aged 55 and above, is experiencing significant growth within the Real Estate sector. In 2022, the market size reached USD 23.9 billion, and it is projected to reach USD 44.6 billion by 2032. Furthermore, a revenue compound annual growth rate (CAGR) of 7.2% is expected during the forecast period.
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Top Profiled Companies:
- Del Webb Corporation
- Toll Brothers Inc.
- PulteGroup, Inc.
- Lennar Corporation
- Shea Homes
- KB Home
- Taylor Morrison Home Corporation
- com
- Robson Communities, Inc.
- AV Homes, Inc.
- Hovnanian Companies
Drivers of Active Adult Community for Condominiums Market
- Demographic trends: The aging population is a significant driver of the Active Adult Community for Condominiums Market. As the baby boomer generation continues to reach retirement age, there is a growing demand for housing options that cater to their active and independent lifestyle.
- Lifestyle preferences: Many active adults seek a community that provides opportunities for socializing, physical activities, and a vibrant lifestyle. Active adult communities often offer amenities such as fitness centers, golf courses, swimming pools, walking trails, and social clubs, which attract individuals looking for an engaging and active retirement lifestyle.
- Maintenance-free living: Active adult communities often provide maintenance-free or low-maintenance living arrangements. This appeals to retirees who want to enjoy their retirement years without the burden of home maintenance and yard work. Services like lawn care, exterior maintenance, and housekeeping are typically offered in these communities.
- Healthcare access: Access to quality healthcare facilities and services is an essential consideration for active adults. Many active adult communities are located near medical facilities or have onsite healthcare services, providing residents with convenient access to healthcare resources.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Type Outlook:
- Single-family Homes
- Condominiums
- Rentals
Amenities Outlook:
- Fitness Center
- Swimming Pool
- Golf Course
- Clubhouse
- Others
Key Takeaways of the Global Active Adult Community for Condominiums Market Report:
- A comprehensive overview of the global Active Adult Community industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Active Adult Community for Condominiums Market.
- Elaborate study of the leading regional markets in the global Active Adult Community for Condominiums Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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