Rising Student Population Fuels Surge In Dormitories Market Growth: A Key Driver Powering Dormitories Market Growth In 2025

The Dormitories Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Dormitories Market Size Expected to Be by 2034?
In the last few years, the market size for dormitories has surged significantly. It's predicted to escalate from $14.71 billion in 2024 to $16.38 billion in 2025, exhibiting an 11.4% compound annual growth rate (CAGR). The expansion in the preceding timeframe can be attributed to factors such as trends in educational enrollment, urbanization and campus expansion, mobility of international students, affordability and demand for student housing, as well as government and institutional investments.

The market size of dormitories is anticipated to witness a swift surge in the forthcoming years, reaching $25.13 billion by 2029 with a CAGR of 11.3%. The cause for this rise during the forecasted timeframe can be credited to the evolution of education delivery systems, sustainability and initiatives for green campuses, student welfare and facilities, collaborations between public and private sectors, and the establishment of international education centers. The predicted period will also experience major trends such as inclusive accommodation, versatility in meal choices, security and safety protocols, efficient utilization of space, and support for remote learning.

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How Are Emerging Segments Shaping the Dormitories Market Landscape?
The dormitories market covered in this report is segmented -

1) By Type: Rooming And Boarding Houses, College Housing
2) By Service Type: PBSA, Private Rented Sector, University Accommodation, Other Services
3) By Application: Freshman, Sophomore, Junior, Senior, 5Th Year Or Later, Graduate Student

Subsegments:
1) By Rooming And Boarding Houses: Traditional Rooming Houses, Managed Boarding Houses, Shared Accommodation Facilities
2) By College Housing: On-Campus Dormitories, Off-Campus Student Housing, Purpose-Built Student Accommodation (PBSA)

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Which Growth Factors Are Influencing Dormitories Market Expansion?
The surge in the number of students is anticipated to boost the expansion of the dormitories market in the future. Dormitories, being a convenient and affordable accommodation choice, are popular among students. They also offer a diverse and social living environment, enabling students to connect with peers from different backgrounds. Additionally, dormitories are appealing on account of their cost-effectiveness and closeness to campus. For example, a report issued by the University of Technology Sydney, an Australia-based public university, in July 2023 stated that secondary education was the most prevalent education level completed in the United States in 2022, with a completion rate of 28% in the populace. In the UK, 73.2% of individuals of secondary school age managed to pass their GCSE in 2022. By 2021, Australia's total student population in both public and private schools exceeded 3.95 million. Consequently, the rising number of students is fuelling the dormitories market's expansion.

Who Are the Dominant Players Across Different Dormitories Market Segments?
Major companies operating in the dormitories market include 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 Latest Developing Trends in the Dormitories Market?
The emergence of product innovations has become a significant factor in the dormitories market trend. Firms operating in this market are taking advantage of these new innovations to create novel student housing solutions and maintain their market standing. As an example, in June 2023, Rently Inc., a company based in the US providing self-touring and smart home technology solutions, launched a robust, versatile property technology platform. The platform comprises smart thermostats and locks, among other smart home technologies beneficial to both student housing providers and the students themselves. It enhances the security of apartments and shared spaces, accelerates unit turnovers and aligns with residents' needs for comfort and convenience. The platform offers operators a more efficient method of managing resident unit turnovers. Operators can enable or disable building and unit access via mobile app-based software with a simple touch, and smart locks eliminate the hassle and cost of rekeying. The platform also allows operators to establish timed access codes for deliveries and maintenance purposes, control access permissions, view access records, and customize property access timetables using Rently's Smart Home dashboard.

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Which Geographic Regions Are Expected to Dominate the Dormitories Market in the Coming Years?
North America was the largest region in the dormitories market in 2024. The regions covered in the dormitories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dormitories Market?
2. What is the CAGR expected in the Dormitories Market?
3. What Are the Key Innovations Transforming the Dormitories Industry?
4. Which Region Is Leading the Dormitories Market?

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