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Steady Expansion Forecast for Students And Workers Non-residential Accommodation Market, Projected to Reach $24.99 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Students And Workers Non-residential Accommodation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The non-residential accommodation market for students and workers has seen a swift expansion in the past few years. The market is predicted to increase from $14.73 billion in 2024 to $16.32 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.8%. The factors contributing to this growth in the historic period include educational enrollment, economic circumstances, urbanization, government regulations, and demographic transformations.
Students And Workers Non-residential Accommodation Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, it is projected that the market size of non-residential accommodation for students and workers will undergo rapid expansion, reaching a worth of "$24.99 billion in 2029 with a compound annual growth rate (CAGR) of 11.2%. The growth anticipated during this forecast period may be credited to the embrace of online and hybrid modes of education, shifts in work habits towards remote working, international mobility, sustainability and environmental, social, and corporate governance (ESG), as well as health and safety regulations. Key trends expected over the forecast period cover areas such as adaptive accommodation models, the integration of technology, sustainable practices, an emphasis on wellness and comfort, and a stronger focus on customization and personalization.
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What Are the Drivers Transforming the Students And Workers Non-residential Accommodation Market?
The increasing trend of globalization is anticipated to forge pathways for more collaborative businesses, influx of international funds, global growth, and worldwide firms establishing operations in areas of high growth. This effectively allows foodservice owners to extend their culinary offerings to clients globally. Additionally, globalization simplifies the process for eateries to procure unique ingredients, thereby facilitating an enriched and widened assortment of meals for their patrons, thereby providing a global competitive edge. Furthermore, globalization enhances the scope of potential vendors for eateries, reducing the negotiating ability of suppliers, hence beneficial to profit margins. For instance, McDonald's is produced globally and has franchise outlets worldwide. It invests and champions efforts to align its offerings with different local tastes to maintain its global reputation. This surge in globalization could trigger an upswing in investments, thereby promoting market growth moving forward.
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What Long-Term Trends Will Define the Future of the Students And Workers Non-residential Accommodation Market?
To enhance customer satisfaction and boost revenues, restaurants are implementing tactics such as menu engineering and business reporting. Creating distinct menus for starters, primary meals, desserts, and drinks provides an extra interaction opportunity for the staff to suggest additions to the customer's order. Furthermore, restaurateurs are adopting data-centered techniques to analyse customer preferences, empowering them to offer pertinent options to clients at every stage of their dining experience.
Which Segments in the Students And Workers Non-residential Accommodation Market Offer the Most Profit Potential?
The students and workers non-residential accommodation market covered in this report is segmented -
1) By Type: Dormitories Off Campus Establishments Migrant Workers' Camps
2) By Price Point: Economy Mid-Range Luxury
3) By Channel: Direct Sales Distributor
4) By Mode of Booking: Online Bookings Direct Bookings Other Mode Of Booking
Subsegments:
1) By Dormitories: University Or College Dormitories Student Housing Facilities Boarding Schools
2) By Off Campus Establishments: Private Rental Apartments Student Housing Flats Hostels Shared Accommodation
3) By Migrant Workers' Camps: Temporary Workers' Housing Workers' Hostel Facilities Construction Site Housing Industrial Zone Worker Accommodation
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Which Firms Dominate the Students And Workers Non-residential Accommodation Market by Market Share and Revenue in 2025?
Major companies operating in the students and workers non-residential accommodation market include American Campus Communities, Unite Group PLC, Campus Apartments Inc., Asset Plus Companies, Centurion Corporation, The Preiss Company, Buckingham Companies, Education Realty Trust Inc., Greystar Real Estate Partners, GSA Group, Campus Living Villages, Scape Student Living, Campus Advantage, Campus Crest Communities, Campus Suites, CampusWorks Development, Capstone On-Campus Management, Colliers International, Corvias Group LLC, Harrison Street Real Estate Capital, Inland American Communities Group, Landmark Properties, Lincoln Property Company, Peak Campus, Pierce Education Properties, Servitas LLC, The Scion Group, Trinitas Ventures, University Student Living.
Which Regions Offer the Highest Growth Potential in the Students And Workers Non-residential Accommodation Market?
Western Europe was the largest region in the students and workers non-residential accommodation market in 2024. North America was the second largest region in the global students and workers non-residential accommodation market. The regions covered in the students and workers non-residential accommodation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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