Homes

WHAT'S NEXT?: The number of smart homes is expected to grow further and by 2020 it is expected 46.2 million homes in the US and 44.9 million in Europe will be classed as smart homes. By 2022 there could be nearly 500 smart devices that can be connected to a smart home.

• [New] Indonesia's construction industry's output value is expected to continue to expand at a healthy rate over the forecast period (2019-2023), with investments in housing, transport and tourism infrastructure projects continuing to drive growth.
• [New] At the end of 2018 there were more than 200 million homes globally with at least one smart home device1; by 2023 there will be an additional 100 million smart homes as the market reaches 30% of all broadband households globally.
• [New] Consumer spending on smart home related hardware, services and installation fees will reach $103 billion in 2019 and grow at a 11% CAGR to $157 billion by 2023.
• [New] The eastern states of India are likely to be the newer and virgin markets for cement companies and could contribute to their bottom line in future.
• [New] With a 5 percent probability, average real house price could fall by at least 12 percent year-on-year over the next three years, with potential larger price declines in major cities such as Toronto and Vancouver.
• [New] The weakening profitability of China's industrial enterprises will make companies more cautious in their investments, slowing growth in manufacturing investment.
• [New] China is expected to overtake the US by 2040 for passenger traffic with 18.2% share of the global market compared with the US at 13.9%.
• [New] Building 30,000 homes for later living every year for the next ten years could generate fiscal savings to the NHS and local authorities of at least £1.4 billion a year.
• [New] One of the major issues facing US towns is affordable housing, especially as more people are predicted to move to cities.
• [New] While growth will remain steady in the developed markets, Asian and other emerging markets will be key for Home Healthcare market growth from 2019 to 2025.
• [New] Urban spaces are of particular concern, as they will be home to more than two-thirds of the world's population by 2050 and are incredibly resource-intensive.
• The market for home diagnostics is large and growing fast:~30% of revenue ($1.4Bn) is based on lateral flow cassette devices, which is expected to more than double in revenue the next couple of years, with the overall market expected to grow from $4.78 billion US in 2017 to $6.53 billion US by 2025.
• Hybrid clean energy installations in the U.S. will at least double in five years to 1 GW, enough to power about 700,000 U.S. homes.
• At a country level, developed Industry's like the U.S. as well the emerging Industry's like China with highest population base holds a notable Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
• San Jose has the lowest employment rates and the most jobs per person among the 50 largest U.S. metro areas, along with the highest home values and forecasted home-value appreciation.
• Overall market spend in Italy is expected to grow 3 per cent to €61 million in 2019, equivalent to 12 per cent of home video (including SVoD) and 31 per cent of home video (excluding SVoD).
• The rising penetration of smart home solutions and demand for energy and cost-saving technologies are expected to propel the $1.63 billion market towards $4.81 billion by 2025, while the unit shipment is estimated to reach 38.8 million units from 8.6 million in 2018.
• Phoenix is home to 1.6 million people and is the second-fastest-growing city in the United States: The metro area is home to 4 million and is projected to grow to 6.6 million people by 2050.
• For 2019, Zillow predicts real estate prices in the Bay Area will continue to rise-specifically, by about 7 percent between now and the end of year.
• The home healthcare market is expected to exceed more than US$424.0 billion by 2024 at a CAGR of 8% in the forecast period.
• The US Fed will cut interest rates again this year, also lowering the costs associated with buying a home, which will inch up buyer demand.
• Asia is home to over 60% of the world's population and, as economic growth and development proceed apace, Asian energy demand growth until 2035 is projected to be the world's highest.
• Amazon is expected to control about 63% of the smart speaker market this year while Google is expected to capture 31%.

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Last updated: 12 October 2019