Active Adult Community Market (55+) Demonstrates Robust Growth
Undergoing significant growth, the active adult market has proved to be incredibly successful in 2023, according to the “Global Active Adult Community Market (55+) by Category (Condominiums, Rentals, Single-Family Homes), Type (Age-restricted, Age-targeted), Amenities – Forecast 2024-2030” report.
Those 55+ are looking for residential neighborhoods that promote active and engaged lifestyle. Adittionally, the market size is anticipated to burgeon from USD 403.15 billion in 2023 to USD 605.56 billion by 2030, with a steady CAGR of 5.98%.
According to Research and Markets, The active adult communities market is advancing across the Americas, driven by the presence of players developing adult living solutions tailored to seniors’ preferences. The region’s targeted population has portrayed a strong preference for age-restricted settings with comprehensive amenities and social engagement opportunities, creating demand for active adult communities. Regional market players are actively investing in building modern, active adult communities throughout the United States and Canada. In Asian countries, the market is still at a nascent stage; however, there is an increasing awareness about senior care options that cater specifically to their cultural values and lifestyle preferences, which indicates potential growth opportunities within the region. The adoption of active adult communities in European countries, such as Sweden and Denmark, has been high as they incorporate elderly care within their existing welfare systems through integrated housing models offering various support services. In contrast, Southern European countries have witnessed an influx of retirees from other European nations seeking age-restricted communities. European companies primarily focus on providing customized retirement living options that cater to local preferences while also offering an array of amenities designed specifically for seniors.
