Co-working Space Market size was valued nearly US$ 8.68 Bn. in 2022 and is expected to grow at a CAGR of 6.80% over 2023-2029, to account for US$ 13.77 Bn. in 2029.Co-working Space Market Overview:
The global co-working space market is majorly driven by the rise in the number of start-ups globally. In Oct 2021, as per the thegeniuswork.com publication, the global start-up economy was worth US$ 3 trillion in 2021, with an upsurge of 20% from 2017 & 2018. The growth is backed by the growth of internet space, exposure to the knowledge of entrepreneurship outside the boundaries of the country, and better literacy rates.To Know About The Research Methodology :- Request Free Sample Report Moreover, advanced robotics & manufacturing, new food and agriculture technology, AI, big data, and analytics were the fastest rising global start-up sub-sectors. Henceforth, the rise in the number of startups across various industries globally increased the demand for co-working spaces, driving the market during the forecast period. However, the global co-working space market is hampered by the rising number of people working remotely or work from home due to the COVID-19 lockdown. For example, in March 2021, various companies working from home because of COVID-19 crises, operators of co-working spaces have seen nearly 50% decline in footsteps. Moreover, in April 2021, consistent with the Business 2 Community publication, the number of people working from home or remotely has grown by 44% in the last 5 years. However, the number of people working remotely is extremely increased because of the COVID-19 lockdown over the last few months. Therefore, declining the revenues generated by the co-working spaces market during 2020.
Market Insights:
In 2021, the global co-working space market is forecasted to grow at nearly half the rate as the previous two years, owing to the coronavirus. The number of global co-working space is expected to reach more than 20,000 in 2022. The number of global co-working space is projected to more than double by 2024, and exceed 40,000. Approximately 6 million people will work from co-working space by 2029, an increase of 158% compared to 2022.Segmentation:
The MMR report covers all the segments in the Global Co-working Space Market such as type and applications. By type, corporate/ professional co-working spaces segment was valued US$ Mn. in 2022 and is expected to reach a value of US$ Mn. by 2029, with a CAGR of xx% during the forecast period. However, open/ conventional co-working spaces segment is expected to account for the largest xx% market share by 2029. Likewise, the MMR report provides an accurate prediction of the contribution of the various segments to the growth of the global market size.Regional Analysis:
Geographically, North America dominated the co-working space market, with market size of US$ Mn. in 2022 and reach US$ Mn by 2029, with a CAGR of xx%. This growth is attributed to the number of single entrepreneurs & Micro SME (with employee strength between 0-10) and growing need for socializing within North America is very high compared to another regions. Nevertheless, APAC accounted for the second largest market xx% share in 2022, and expected to register a CAGR of xx.61% during forecast period. The U.S. is still leading as the biggest co-working space market with above 3,700 shared workspaces across the country, followed by India-2,197 spaces and the UK-1,044 spaces. Based on yearly growth in 2020, out of the largest co-working space markets, India & Germany are the two fastest-growing economies, followed by the U.S. and Canada. Japanese telecom giant SoftBank spent over US$ 4 Bn. into WeWork Company, much of which will support APAC expansion. This contains a takeover of Singapore’s largest co-working space, Spacemob. The company anticipates being in as various as a dozen cities in South Asia in 2018. Countrywide Number of Co-Working Space and the Corresponding Global Share 2022. The objective of the report is to present a comprehensive analysis of the Global Co-working Space Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Co-working Space Market dynamics, structure by analyzing the market segments and projects the Global Co-working Space Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Co-working Space Market the report investor’s guide.Co-working Space Market Scope: Inquire before buying
Global Co-working Space Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 6.80% US$ 8.68 Bn US$ 13.77 Bn Segments Covered by Product Open/ Conventional Coworking Spaces Corporate/ Professional Coworking Spaces Others by Type Finance Legal Services Marketing Real Estate Consulting Services Other Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Co-working Space Market Key Players are:
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 Frequently Asked Questions: 1. Which region has the largest share in Global Co-working Space Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Co-working Space Market? Ans: The global market is expected to grow at a CAGR of 6.80% during forecast period 2023-2029. 3. What is scope of the Global Co-working Space market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Co-working Space market? Ans: The important key players in the Global Co-working Space Market are – CommonGrounds Workplace, Convene, District Cowork, Green Desk, HackerLab, Impact Hub, Industrious, Intelligent Office, Knotel, Inc., Kr Space, Make Office, Mix Pace, Novel Coworking, Office Evolution, Premier Workspaces, Regus Corporation (IWG PLC), Serendipity Labs, Servcorp Limited, SimplyWork, SOMAcentral, TechSpace, Inc., UCOMMUNE, Venture X, Wework, and Your Alley 5. What is the study period of this market? Ans: The Global Co-working Space Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Co-working Space Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Co-working Space Market 3.4. Geographical Snapshot of the Co-working Space Market, By Manufacturer share 4. Global Co-working Space Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Co-working Space Market 5. Supply Side and Demand Side Indicators 6. Global Co-working Space Market Analysis and Forecast, 2022-2029 6.1. Global Co-working Space Market Size & Y-o-Y Growth Analysis. 7. Global Co-working Space Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Open/ Conventional Coworking Spaces 7.1.2. Corporate/ Professional Coworking Spaces 7.1.3. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Finance 7.2.2. Legal Services 7.2.3. Marketing 7.2.4. Real Estate 7.2.5. Consulting Services 7.2.6. Other 8. Global Co-working Space Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Co-working Space Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Open/ Conventional Coworking Spaces 9.1.2. Corporate/ Professional Coworking Spaces 9.1.3. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Finance 9.2.2. Legal Services 9.2.3. Marketing 9.2.4. Real Estate 9.2.5. Consulting Services 9.2.6. Other 10. North America Co-working Space Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Co-working Space Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Co-working Space Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Co-working Space Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Co-working Space Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Co-working Space Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Co-working Space Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Co-working Space Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Co-working Space Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Co-working Space Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Co-working Space Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Co-working Space Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Co-working Space Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Co-working Space Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Co-working Space Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Co-working Space Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Co-working Space Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Co-working Space Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Co-working Space Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Co-working Space Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Co-working Space Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Co-working Space Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Co-working Space Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Co-working Space Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Co-working Space Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Co-working Space Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Co-working Space Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Co-working Space Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Co-working Space Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Co-working Space Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Co-working Space Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Co-working Space Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Co-working Space Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Co-working Space Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Co-working Space Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Co-working Space Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. CommonGrounds Workplace. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Convene 45.3.3. District Cowork 45.3.4. Green Desk 45.3.5. HackerLab 45.3.6. Impact Hub 45.3.7. Industrious 45.3.8. Intelligent Office 45.3.9. Knotel, Inc. 45.3.10. Kr Space 45.3.11. Make Office 45.3.12. Mix Pace 45.3.13. Novel Coworking 45.3.14. Office Evolution 45.3.15. Premier Workspaces 45.3.16. Regus Corporation (IWG PLC) 45.3.17. Serendipity Labs 45.3.18. Servcorp Limited 45.3.19. SimplyWork 45.3.20. SOMAcentral 45.3.21. TechSpace, Inc. 45.3.22. UCOMMUNE 45.3.23. Venture X 45.3.24. Wework 45.3.25. Your Alley 46. Primary Key Insights