Dormitories Market Report 2026

The dormitories market size has grown rapidly in recent years. It will grow from $15.98 billion in 2025 to $17.64 billion in 2026 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to higher education enrollment growth, campus housing shortages, urban migration of students, military housing needs, affordable accommodation demand.

The dormitories market size is expected to see rapid growth in the next few years. It will grow to $27.38 billion in 2030 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to international student mobility, smart campus development, public-private housing partnerships, sustainability regulations, digital resident management systems. Major trends in the forecast period include smart dormitory infrastructure, purpose-built student accommodation growth, energy-efficient residential facilities, private sector student housing investment, digital access and security systems.

The growing number of academic institutes is expected to drive the expansion of the dormitories market in the coming years. Academic institutes are organizations focused on education, teaching, and research activities. Dormitories play a vital role in enhancing the student experience within these institutions by offering convenience, easy access to campus facilities, improved academic engagement, cultural interaction, personal development opportunities, and a safe and secure living environment. For example, in June 2024, according to the Government of the UK, a UK-based public sector information website, the total number of schools increased slightly by 11, bringing the overall count to 24,453 during the 2023-24 academic year. Therefore, the rising number of academic institutes is driving the growth of the dormitories market.

Major companies operating in the dormitories market are increasingly emphasizing partnerships as a strategy to support revenue growth and service enhancement. Partnerships typically involve collaborative agreements between organizations to improve operational efficiency and service delivery. For instance, in November 2023, SpaceBasic Inc., an India-based company that digitizes student experiences within universities and student housing communities through automation, partnered with Good Host Spaces Pvt. Ltd. This collaboration focuses on reducing the environmental impact of student housing by implementing sustainability and resource management initiatives, including SpaceBasic’s Digital Cafeteria (mess management) system. The partnership aims to enhance student housing management by leveraging automation and data-driven insights to improve property management, maintenance, administrative workflows, and security standards. Good Host Spaces Pvt. Ltd. is an India-based provider of student accommodation services.

In May 2024, PGIM Real Estate, a US-based real estate investment management company, acquired a portfolio of six UK student housing properties from Unite Group plc for $234 million (£184 million). Through this acquisition, PGIM Real Estate sought to expand its footprint in the European purpose-built student accommodation sector and strengthen its income-generating real estate portfolio in key regional cities across the UK, supported by strong underlying demand for student housing. Unite Group plc is a UK-based real estate investment company specializing in purpose-built student accommodation and is engaged in owning and managing residential assets that cater to both domestic and international university students.

Major companies operating in the dormitories market are Campus Living Villages, American Campus Communities, UNITE Group, Greystar Real Estate Partners, The Scion Group, Student Castle, Nido Student, The Student Housing Company, Collegiate AC, Rize, Xenia Residential, Thrive Living, Prime Student Living, EdR Trust, Campus Apartments, Landmark Properties, SMC Student Housing, Yugo, Core Spaces, Housing Trust Group, RISE Residential, Urban Student Life.

North America was the largest region in the dormitories market in 2025. The regions covered in the dormitories market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dormitories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The dormitories market includes revenues earned by entities by providing dormitory services such as boarding houses, accommodations, and lodging houses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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