Students And Workers Non-residential Accommodation Market was valued at USD 27.5 Billion in 2022 and is projected to reach USD 42.8 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global market for students and workers non-residential accommodation was valued at approximately USD 105 billion in 2022. This market has demonstrated a robust compound annual growth rate (CAGR) of 7.5% from 2018 to 2022. The demand for non-residential accommodation has been driven by increasing student enrollments in higher education institutions and a growing workforce needing temporary housing solutions. In addition, urbanization and the expansion of educational and vocational institutions have contributed to the significant growth of this sector. The market is anticipated to continue its upward trajectory due to a steady influx of international students and the need for flexible housing arrangements for temporary workers in various industries.
Opportunity analysis indicates several key growth areas within the market. Emerging trends include the rise in purpose-built student accommodation (PBSA) and co-living spaces tailored to both students and professionals. The increasing preference for modern, amenity-rich housing solutions presents opportunities for market expansion, particularly in developing regions where urbanization and educational growth are rapidly accelerating. Additionally, technological advancements and innovative design concepts are expected to enhance the appeal of non-residential accommodations, further driving market growth. These factors underscore the market's potential for continued expansion and the emergence of new investment opportunities.
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Marriott International
Hilton Worldwide
AccorHotels
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Students And Workers Non-residential Accommodation Market
Application I
Application II
Based on Types the Market is categorized into Below types that held the largest Students And Workers Non-residential Accommodation market share In 2023.
Hotel
Motel
Casino Hotel
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Students And Workers Non-residential Accommodation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Students And Workers Non-residential Accommodation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Students And Workers Non-residential Accommodation Market, By Type
6. Global Students And Workers Non-residential Accommodation Market, By Application
7. Global Students And Workers Non-residential Accommodation Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Students And Workers Non-residential Accommodation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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