Co-Working Space Market Set to Reach US$ 13.77 Billion by 2029

11.09.2023 : Co-working Space Market Report Scope and Research Methodology

This comprehensive report delves into the Co-Working Space Market, providing valuable insights into the industry's past, present, and future. With an anticipated market value of US$ 13.77 billion by 2029, the market is poised to grow at a steady CAGR of 6.80% from 2023 to 2029.

The report employs a rigorous research methodology, combining qualitative and quantitative analyses. It encompasses an examination of the impact of COVID-19 lockdown measures on market dynamics, empowering decision-makers with crucial information for strategic planning.

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What are Co-working Space Market Dynamics?

Market Drivers:

The global Co-Working Space Market is propelled by the surge in startup activities worldwide. The report highlights that in 2021, the global startup economy reached an impressive worth of US$ 3 trillion, marking a 20% increase from 2017-2018. This growth is attributed to factors like the expanding internet space, increased exposure to entrepreneurship knowledge, and higher literacy rates.

Additionally, the report underscores the rapid rise of sub-sectors such as advanced robotics, manufacturing, new food and agriculture technology, AI, big data, and analytics, further boosting the demand for co-working spaces.

Restraints:

The market faced a setback due to the rise in remote work spurred by the COVID-19 pandemic. As companies shifted to remote work in response to the crisis, co-working spaces experienced a nearly 50% decline in foot traffic. The report also notes a 44% increase in remote work over the last five years.

Key Statistics:

Over 20,000 co-working spaces are expected globally by 2022.
The global count is projected to exceed 40,000 by 2024.
Approximately 6 million people are anticipated to work from co-working spaces by 2029, marking a 158% increase from 2022.
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What is Co-working Space Market Segmentation?
by Product
Open/ Conventional Coworking Spaces
Corporate/ Professional Coworking Spaces
Others

by Type
Finance
Legal Services
Marketing
Real Estate
Consulting Services
Other

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Who are Co-working Space Market Key Players?

1. Common Grounds Workplace
2. Convene
3. District Cowork
4. Green Desk
5. HackerLab
6. Impact Hub
7. Industrious
8. Intelligent Office
9. Knotel, Inc.
10.Kr Space
11.Make Office
12.Mix Pace
13.Novel Coworking
14.Office Evolution
15.Premier Workspaces
16.Regus Corporation (IWG PLC)
17.Serendipity Labs
18.Servcorp Limited
19.SimplyWork
20.SOMAcentral
21.TechSpace, Inc.
22.UCOMMUNE
23.Venture X
24.Wework
25.Your Alley

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Table of content for the Co-working Space Market includes:

Part 01: Executive Summary

Part 02: Scope of the Co-working Space Market Report

Part 03: Global Co-working Space Market Landscape

Part 04: Global Co-working Space Market Sizing

Part 05: Global Co-working Space Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

North America leads the Co-Working Space Market, driven by a high concentration of single entrepreneurs and Micro SMEs. The region is characterized by a strong need for socializing, contributing to its market dominance.

APAC emerges as the second-largest market, with a projected CAGR of xx.61% during the forecast period.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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