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Coworking Space Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5321414
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • CommonGrounds Workplace
  • HackerLab
  • Knotel Inc.
  • Novel Coworking
  • Servcorp Limited
  • TechSpace Inc.
Coworking Space Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global coworking spaces market.

This report focuses on the coworking spaces market which is experiencing strong growth. The report gives a guide to the coworking spaces market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:

Where is the largest and fastest growing market for the coworking spaces market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Coworking Spaces Market market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider coworking spaces market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The coworking spaces market section of the report gives context. It compares the coworking spaces market with other segments of the coworking spaces market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, coworking spaces market indicators comparison.
Scope

Markets Covered: 1) By Business Type: Open/ Conventional Coworking Spaces; Corporate/ Professional Coworking Spaces; Others 2) By End Use: Finance; Legal Services; Marketing; Technology; Real Estate; Consulting Services; Others 3) By User: Enterprises; Freelancer; Others

Companies Mentioned: Wework ; Regus Corporation (IWG Plc) ; Mix Pace; Knotel, Inc. ; SimplyWork

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CommonGrounds Workplace
  • HackerLab
  • Knotel Inc.
  • Novel Coworking
  • Servcorp Limited
  • TechSpace Inc.
1. Executive Summary

2. Coworking Spaces Market Characteristics

3. Coworking Spaces Market Trends and Strategies

4. Impact of COVID-19 on Coworking Spaces

5. Coworking Spaces Market Size and Growth
5.1. Global Coworking Spaces Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Coworking Spaces Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Coworking Spaces Market Segmentation
6.1. Global Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Open/ Conventional Coworking Spaces
  • Corporate/ Professional Coworking Spaces
  • Others
6.2. Global Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Finance
  • Legal Services
  • Marketing
  • Technology
  • Real Estate
  • Consulting Services
  • Others
6.3. Global Coworking Spaces Market, Segmentation By User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Enterprises
  • Freelancer
  • Others
7. Coworking Spaces Market Regional and Country Analysis
7.1. Global Coworking Spaces Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Coworking Spaces Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Coworking Spaces Market
8.1. Asia-Pacific Coworking Spaces Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Coworking Spaces Market
9.1. China Coworking Spaces Market Overview
9.2. China Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Coworking Spaces Market
10.1. India Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Coworking Spaces Market
11.1. Japan Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Coworking Spaces Market
12.1. Australia Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Coworking Spaces Market
13.1. Indonesia Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Coworking Spaces Market
14.1. South Korea Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Coworking Spaces Market
15.1. Western Europe Coworking Spaces Market Overview
15.2. Western Europe Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Coworking Spaces Market
16.1. UK Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Coworking Spaces Market
17.1. Germany Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Coworking Spaces Market
18.4. France Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Coworking Spaces Market
19.1. Eastern Europe Coworking Spaces Market Overview
19.2. Eastern Europe Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Coworking Spaces Market
20.1. Russia Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Coworking Spaces Market
21.1. North America Coworking Spaces Market Overview
21.2. North America Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Coworking Spaces Market
22.1. USA Coworking Spaces Market Overview
22.2. USA Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Coworking Spaces Market
23.1. South America Coworking Spaces Market Overview
23.2. South America Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Coworking Spaces Market
24.1. Brazil Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Coworking Spaces Market
25.1. Middle East Coworking Spaces Market Overview
25.2. Middle East Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Coworking Spaces Market
26.1. Africa Coworking Spaces Market Overview
26.2. Africa Coworking Spaces Market, Segmentation By Business Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Coworking Spaces Market, Segmentation By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Coworking Spaces Market Competitive Landscape and Company Profiles
27.1. Coworking Spaces Market Competitive Landscape
27.2. Coworking Spaces Market Company Profiles
27.2.1. Wework
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Regus Corporation (IWG Plc)
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Mix Pace
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Knotel, Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. SimplyWork
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Coworking Spaces Market

29. Coworking Spaces Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CommonGrounds Workplace
  • HackerLab
  • Knotel Inc.
  • Novel Coworking
  • Servcorp Limited
  • TechSpace Inc.
Major players in the coworking spaces market are Wework, Regus Corporation (IWG Plc), Mix Pace, Knotel, Inc., SimplyWork, District Cowork, Premier Workspaces, Krspace, Convene and Servcorp Limited.

The global coworking space market is expected to grow from $7.97 billion in 2020 to $8.14 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.03 billion in 2025 at a CAGR of 12%.

The coworking spaces market consists of coworking space rental revenues earned by entities (organizations, sole traders and partnerships) that provide coworking workspaces on rent or lease. Unlike traditional office rental, the cost of renting coworking workspaces usually covers the use of related services/equipment such as office chairs and desks Internet/Wi-Fi connection, hardware, software, and others. The industry includes businesses that offer non-residential structures with amenities and facilities on a flexible rental basis.

The coworking spaces market is majorly determined by the increase in the number of start-ups globally. According to thegeniuswork.com publication in October 2019, the global start-up economy was worth $ 3 trillion in 2019, with a rise of 20% from 2017 and 2018. The growth is backed by the expansion of internet space, exposure to the knowledge of entrepreneurship outside the boundaries of the country, and improved literacy rates. Besides, advanced manufacturing and robotics, agriculture technology and new food, blockchain, and artificial intelligence, big data, and analytics were the fastest growing start-up sub-sectors globally. Therefore, the rise in the number of startups across various industries globally increased the demand for coworking spaces, driving the market during the forecast period.

The coworking spaces market covered in this report is segmented by business type into open/ conventional coworking spaces, corporate/ professional coworking spaces, others and by end use into finance, legal services, marketing, technology, real estate, consulting services, others.

The increase in the number of people working from home or remotely owing to COVID-19 lockdown limits the growth of the market. For instance, in March 2020, many companies working from home owing to COVID-19 pandemic, operators of coworking spaces have seen an almost 50% decline in footfalls. Furthermore, according to Business 2 Community publication in April 2020, the number of people working remotely has grown by 44% in the last five years, with 7 million people (3.4% of the population) were working remotely in the USA before the arrival of COVID-19. Nevertheless, the number of people working remotely is tremendously increased owing to the coronavirus outbreak over the last few months. Consequently, declining the revenues generated by the coworking spaces market during 2020.

The development of sustainable coworking spaces is a major trend shaping the coworking spaces market. Coworking spaces are implementing eco-friendly measures in the workplace to attract entrepreneurs concerned with environmental issues such as global warming. Sustainable practices adopted by the coworking space providers offer substantial benefits and are economically feasible. For instance, CoCoon in Hong Kong has a floor made of natural bamboo and uses non-toxic paints and LED lights. In addition to this, drought-resistant plants are part of the interior and exterior. Another such example is Green Spaces in Denver uses about 160 solar panels on the roofs of its offices. These allow significant cost savings at Green Spaces. Thus, sustainable coworking space is a key trend in the coworking spaces market.

In January 2019, a Los Angeles based workspace provider Cross Campus, announced the acquisition of San Diego’s coworking space provider DeskHub, for an undisclosed amount. This acquisition helps the company to increase its footprints in San Diego and Scottsdale, AZ, providing an opportunity to broaden its services in the region. DeskHub is committed to creating a premier network for coworking workspaces across the USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Wework
  • Regus Corporation (IWG Plc)
  • Mix Pace
  • Knotel Inc.
  • SimplyWork
  • District Cowork
  • Premier Workspaces
  • Krspace
  • Convene
  • Servcorp Limited
  • Novel Coworking
  • TechSpace Inc.
  • SOMAcentral
  • HackerLab
  • Industrious
  • UCOMMUNE
  • Your Alley
  • Impact Hub
  • Serendipity Labs
  • Make Office
  • Green Desk
  • Venture X
  • Office Evolution
  • CommonGrounds Workplace
  • Intelligent Office
  • Studio
Note: Product cover images may vary from those shown

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