Press release
Coworking Spaces Market 2020: Industry Trends, Size, Growth Applications, Swot Analysis By Top Key Players And Forecast Report To 2023
The Business Research Company
The global coworking spaces market is expected decline from $9.27 billion in 2019 and to $8.24 billion in 2020 at a compound annual growth rate (CAGR) of -12.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $11.52 billion in 2023 at CAGR of 11.8%.
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The coworking spaces market consists of coworking space rental revenues earned by entities (organizations, sole traders and partnerships) that provide coworking workspaces on rent or lease. Unlike traditional office rental, the cost of renting coworking workspaces usually covers the use of related services/equipment such as office chairs and desks Internet/Wi-Fi connection, hardware, software, and others.
The increase in the number of people working from home or remotely owing to COVID-19 lockdown limits the growth of the market. For instance, in March 2020, many companies working from home owing to COVID-19 pandemic, operators of coworking spaces have seen an almost 50% decline in footfalls.
Coworking Spaces Market Segmentation: -
By Business Type
1. Open/ Conventional Coworking Spaces
2. Corporate/ Professional Coworking Spaces
3. Others
By End User
1. Finance
2. Legal Services
3. Marketing
4. Technology
5. Real Estate
6. Consulting Services
7. Others
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Few Points From Table Of Content
1. Executive Summary
2. Coworking Spaces Market Characteristics
3. Coworking Spaces Market Size And Growth
4. Coworking Spaces Market Segmentation
5. Coworking Spaces Market Regional And Country Analysis
......
25. Coworking Spaces Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Coworking Spaces Market Market
27. Coworking Spaces Market Trends And Strategies
28. Coworking Spaces Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the coworking spaces market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the coworking spaces market are Wework ; Regus Corporation (IWG Plc) ; Mix Pace; Knotel, Inc. ; SimplyWork; District Cowork; Premier Workspaces; Krspace; Convene ; Servcorp Limited ; Novel Coworking ; TechSpace, Inc.
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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