Global Dormitories Market: Rising Demand, Key Drivers, and Future Projections

Forecasted to grow from $14.71 billion in 2024 to $16.38 billion in 2025, the dormitories market is witnessing significant expansion. The growth surges further to an estimated $25.13 billion in 2029, all at an impressive CAGR of 11.3%. Primary contributors to this growth are educational enrollment trends, urbanization and campus development, and increasing student mobility.

What Is The Projected Market Size Of The Global Dormitories Market And Its Growth Rate?
Key statistics include:
• The dormitory market ballooned to $14.71 billion in 2024.
• The market is expected to grow at a CAGR of 11.4%, reaching $16.38 billion in 2025.
• By 2029, the market is projected to soar to $25.13 billion at a CAGR of 11.3%.
Primary drivers propelling this growth in the forecast period are changes in education delivery models, sustainability and green campus initiatives, public-private partnerships, and global educational hub development.

What Is Driving The Growth In The Dormitories Market?
The unprecedented increase in the student population is primary the dormitory market's growth. Dormitories, with their affordability and proximity to campuses, serve as a practical housing option for students, further encouraging social diversity. For example, the University of Technology, Sydney, reported in July 2023, that secondary education witnessed the highest rate of school completion in the United States and the UK in 2022, with student enrollments soaring over 3.95 million in Australia alone in 2021.

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Who Are the Key Players Driving Dormitories Market Growth?
• Campus Living Villages
• American Campus Communities
• UNITE Group
• Greystar Real Estate Partners
• The Scion Group
• Student Castle
• Axiom Education
• ResLife
• Nido Student
• The Student Housing Company
• Collegiate AC
• Rize
• Xenia Residential
• Hines
• Thrive Living
• Prime Student Living
• EdR Trust
• Campus Apartments
• Landmark Properties
• SMC Student Housing
• Yugo
• The Boulevard
• Core Spaces
• C3S
• Urban Student Life
• Housing Trust Group
• RISE Residential
• Oakwood Worldwide
• Bonaventure

What Are The Key Trends In The Dormitories Market?
Key trends in the dormitories market in the forecast period include:
• Inclusive housing
• Flexible dining options
• Enhanced safety measures
• Space efficiency
• Support for remote learning.

What Are The Segments Of The Global Dormitories Market?
• Category: Rooming and Boarding Houses, College Housing
• Service Type: PBSA, Private Rented Sector, University Accommodation, Other Services
• Application: Freshman, Sophomore, Junior, Senior, 5Th Year Or Later, Graduate Student

Which Region Leads The Dormitories Market?
North America led the dormitories market in 2024. Other regions taking strides in the market include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa, with each contributing to the global growth.

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What Is Covered In The Dormitories Market Global Market Report?

- Market Size Analysis: Analyze the Dormitories Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Dormitories Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Dormitories Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Dormitories Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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