The Active Adult (55+) Community Market was valued at $1.3 Trillion in 2020. Growing at a high CAGR of more than 8.9% between 2021 and 2031, it is estimated to reach $3.4 Trillion by 2031.As the baby boomer generation ages, there's a growing trend in housing options tailored specifically for active adults aged 55 and above. These communities, often referred to as "55+ communities" or "active adult communities," offer a lifestyle designed to cater to the unique needs and desires of this demographic. From amenities promoting physical activity to social engagement opportunities, these communities are becoming increasingly popular across the globe.
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Rising Demand:
The demand for active adult communities has been steadily increasing in recent years. With longer life expectancies and a desire for an active and social lifestyle post-retirement, many older adults are seeking out communities that offer a vibrant atmosphere and a range of amenities to support their interests and well-being.
Amenities and Features:
One of the key draws of active adult communities is the wide array of amenities they offer. These communities typically include features such as fitness centers, swimming pools, walking trails, golf courses, and community centers where residents can participate in various activities and events. Additionally, many communities provide services such as lawn maintenance and home repairs, allowing residents to focus more on enjoying their retirement years.
Social Engagement:
Socialization is a crucial aspect of life in active adult communities. Residents have the opportunity to connect with others who share similar interests and life experiences, fostering a sense of community and belonging. From group fitness classes to organized outings and social events, there are plenty of opportunities for residents to engage with one another and form meaningful relationships.
Health and Wellness:
Many active adult communities prioritize health and wellness, offering programs and resources to help residents stay active and maintain their well-being. Fitness classes, walking clubs, and wellness seminars are often included as part of the community's offerings, encouraging residents to prioritize their physical and mental health.
Location and Lifestyle:
Location plays a significant role in the appeal of active adult communities. These communities are often situated in desirable areas with access to amenities such as shopping, dining, and cultural attractions. Additionally, many communities offer various housing options, including single-family homes, condominiums, and townhouses, allowing residents to choose the type of home that best suits their lifestyle preferences.
Financial Considerations:
While active adult communities offer an attractive lifestyle, it's essential for potential residents to consider the financial aspects carefully. Homeowners' association (HOA) fees and other monthly expenses are common in these communities and can vary significantly depending on the location and amenities offered. Prospective residents should also factor in any additional costs associated with maintenance, utilities, and healthcare when budgeting for life in an active adult community.
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key players operating in the global market. Key players in the report include The Villages; The Pulte Homes Corporation; Laguna Woods Village (LWV); Green Valley Recreation; Holiday City - Berkeley; On Top of the World; Century Village among others.
The Global Active Adult (55+) Community Market Has Been Segmented into:
Global Active Adult (55+) Community Market: By Gender Outlook
- Women
- Men
Global Active Adult (55+) Community Market: By Region
- North America
- USA
- Canada
- Mexico
- Rest of North America
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- Brazil
- South Africa
- UAE
- Rest of LAMEA
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