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PUBLISHER: Grand View Research | PRODUCT CODE: 1405953

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PUBLISHER: Grand View Research | PRODUCT CODE: 1405953

Coworking Spaces Market Size, Share & Trends Analysis Report By Type (Corporate/Professional, Open/Conventional), By Application (SMEs, Freelancers), By Industry Vertical (BFSI, Professional Services), By Region, And Segment Forecasts, 2023 - 2030

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Coworking Spaces Market Growth & Trends:

The global coworking spaces market size is expected to reach USD 40.47 billion by 2030, growing at a CAGR of 14.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Coworking spaces are present in almost all major global markets. Owners of coworking spaces are directing their spending into technology-driven management solutions, like resource management software, visitor management software, appointment scheduling software, and coworking space administration software. Coworking space owners are utilizing the Internet of Things (IoT) to integrate smart technologies into their infrastructure and company operations. Globally, coworking spaces are increasingly adopting IoT-enabled key cards, Wiegand cards, proximity cards, and magnetic stripe cards.

COVID-19 has been pivotal for acceleration in the adoption of hybrid work models, where employees split their time between working remotely and in an office setting. This trend had a significant impact on the market, as companies are increasingly looking for flexible workspaces that can accommodate their hybrid workforce. Coworking spaces are well-positioned to meet the needs of companies with hybrid work models. They offer a variety of workspace options, from hot desks to private offices, and they provide amenities such as high-speed internet, meeting rooms, and kitchens. Coworking spaces also foster a sense of community and collaboration, which can be beneficial for employees who are working remotely.

As hybrid work models become more prevalent, coworking spaces are likely to continue to grow in popularity. Companies will need flexible workspaces that can accommodate their distributed workforce, and coworking spaces can provide the perfect solution. Global startup and freelance business industry is expanding rapidly, driven by a number of important causes such as governments' increasing support, which is manifested in policies and legislation that encourage innovation and entrepreneurship. People that have a great desire to implement their innovative ideas in the worldwide market are actively involved in the start-up ecosystem. Aspiring entrepreneurs are further driven by a strong desire for success on a national and international scale.

The combination of government assistance, an entrepreneurial spirit, and the drive for success has fostered a climate that has encouraged the growth of freelance firms and start-ups, resulting in their continuous global spread. Coworking spaces are responding to the increasing needs of large corporations for sustainability and employee wellbeing in addition to offering greater amenities. To develop ecologically pleasant work environments, green efforts including recycling programs, energy-efficient lighting, and the usage of eco-friendly materials are being implemented. Coworking spaces are supporting their employees' physical and emotional wellbeing by offering wellness programs including exercise facilities, meditation rooms, and healthy food alternatives.

Coworking Spaces Market Report Highlights:

  • Based on type, the corporate/professional segment led the market with a revenue share of 27.4% in 2022. Corporate and professional spaces offer dedicated desks, private offices, meeting rooms, top-notch furniture, cutting-edge technology, and other amenities to suit the needs of professionals and established businesses seeking a structured work environment
  • Open coworking spaces provide a flexible setting that promotes networking among a variety of professionals and freelancers, entrepreneurs, and small businesses
  • Based on application, the large size enterprise segment held the leading revenue share of 27.3% in 2022. Large corporations are using coworking spaces, and there are many advantages, such as affordability. These areas offer a chance to cut overhead expenses and stay away from long-term obligations
  • SMEs are accounted to register the highest CAGR over the forecast period. The rise of coworking spaces coincides with the arrival of millennials into the labor force. People who were beginning their enterprises, launching startups, and combining smaller firms needed a suitable yet affordable workplace in which to collaborate, team up, and work
Product Code: GVR-4-68040-164-6

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Research Methodology
    • 1.2.1. Information Procurement
  • 1.3. Information or Data Analysis
  • 1.4. Methodology
  • 1.5. Research Scope and Assumptions
  • 1.6. Market Formulation & Validation
  • 1.7. Country Based Segment Share Calculation
  • 1.8. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. Coworking Spaces Market Variables, Trends, & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Market Dynamics
    • 3.2.1. Market Driver Analysis
    • 3.2.2. Market Restraint Analysis
    • 3.2.3. Industry Challenge
  • 3.3. Coworking Spaces Market Analysis Tools
    • 3.3.1. Industry Analysis - Porter's
      • 3.3.1.1. Bargaining power of the suppliers
      • 3.3.1.2. Bargaining power of the buyers
      • 3.3.1.3. Threats of substitution
      • 3.3.1.4. Threats from new entrants
      • 3.3.1.5. Competitive rivalry
    • 3.3.2. PESTEL Analysis
      • 3.3.2.1. Political landscape
      • 3.3.2.2. Economic and Social landscape
      • 3.3.2.3. Technological landscape
  • 3.4. Pain Point Analysis

Chapter 4. Coworking Spaces Market: Type Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. Coworking Spaces Market: Type Movement Analysis, 2022 & 2030 (USD Million)
  • 4.3. Corporate /professional
    • 4.3.1. Corporate /professional Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 4.4. Open/ Conventional
    • 4.4.1. Open/ Conventional Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 4.5. Industry-specific
    • 4.5.1. Industry-specific Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 4.6. Others
    • 4.6.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 5. Coworking Spaces Market: Application Estimates & Trend Analysis

  • 5.1. Segment Dashboard
  • 5.2. Coworking Spaces Market: Application Movement Analysis, 2022 & 2030 (USD Million)
  • 5.3. SMEs
    • 5.3.1. SMEs Coworking Spaces Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 5.4. Large size enterprises
    • 5.4.1. Large size enterprises Coworking Spaces Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 5.5. Freelancers
    • 5.5.1. Freelancers Coworking Spaces Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 5.6. Others
    • 5.6.1. Others Coworking Spaces Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 6. Coworking Spaces Market: Industry Vertical Estimates & Trend Analysis

  • 6.1. Segment Dashboard
  • 6.2. Coworking Spaces Market: End-use Movement Analysis, 2022 & 2030 (USD Million)
  • 6.3. BFSI
    • 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 6.4. Professional Services
    • 6.4.1. Professional Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 6.5. Information Technology
    • 6.5.1. Information Technology Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 6.6. Real Estate
    • 6.6.1. Real Estate Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 6.7. Healthcare
    • 6.7.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 6.8. Government
    • 6.8.1. Government Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 6.9. Others
    • 6.9.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 7. Coworking Spaces Market: Regional Estimates & Trend Analysis

  • 7.1. Coworking Spaces Market Share, By Region, 2022 & 2030, USD Million
  • 7.2. North America
    • 7.2.1. North America Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.2.2. U.S.
      • 7.2.2.1. U.S. Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.2.3. Canada
      • 7.2.3.1. Canada Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 7.3. Europe
    • 7.3.1. Europe Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.3.2. UK
      • 7.3.2.1. UK Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.3.3. Germany
      • 7.3.3.1. Germany Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.3.4. France
      • 7.3.4.1. France Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.4.2. China
      • 7.4.2.1. China Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.4.3. Japan
      • 7.4.3.1. Japan Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.4.4. India
      • 7.4.4.1. India Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.4.5. South Korea
      • 7.4.5.1. South Korea Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.4.6. Australia
      • 7.4.6.1. Australia Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 7.5. Latin America
    • 7.5.1. Latin America Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.5.2. Brazil
      • 7.5.2.1. Brazil Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.5.3. Mexico
      • 7.5.3.1. Mexico Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
  • 7.6. Middle East and Africa
    • 7.6.1. Middle East and Africa Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.6.2. South Africa
      • 7.6.2.1. South Africa Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.6.3. Saudi Arabia
      • 7.6.3.1. Saudi Arabia Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)
    • 7.6.4. UAE
      • 7.6.4.1. UAE Coworking Spaces Market Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 8. Competitive Landscape

  • 8.1. Company Categorization
  • 8.2. Company Market Positioning
  • 8.3. Participant's Overview
  • 8.4. Financial Performance
  • 8.5. Product Benchmarking
  • 8.6. Company Heat Map Analysis
  • 8.7. Strategy Mapping
  • 8.8. Company Profiles/Listing
    • 8.8.1. WeWork,
    • 8.8.2. IWG
    • 8.8.3. justgroup
    • 8.8.4. The Work Project Management Pte Ltd.,
    • 8.8.5. The Executive Centre
    • 8.8.6. Servecorp
    • 8.8.7. The Great Room,
    • 8.8.8. Newmark Group, Inc.,
    • 8.8.9. Impact Hub GmbH.
    • 8.8.10. Techspace Group Ltd.
Product Code: GVR-4-68040-164-6

List of Tables

  • Table 1 Global Coworking Spaces market by Type, 2017 - 2030 (USD Million)
  • Table 2 Global Coworking Spaces market by Application, 2017 - 2030 (USD Million)
  • Table 3 Global Coworking Spaces market by Industry Vertical, 2017 - 2030 (USD Million)
  • Table 4 Global Coworking Spaces market by region, 2017 - 2030 (USD Million)
  • Table 5 North America Coworking Spaces market by country, 2017 - 2030 (USD Million)
  • Table 6 Europe Coworking Spaces market by country, 2017 - 2030 (USD Million)
  • Table 7 Asia Pacific Coworking Spaces market by country, 2017 - 2030 (USD Million)
  • Table 8 Latin America Coworking Spaces market by country, 2017 - 2030 (USD Million)
  • Table 9 MEA Coworking Spaces market by country, 2017 - 2030 (USD Million)
  • Table 10 Key companies launching new products/services.
  • Table 11 Key companies engaged in mergers & acquisition.
  • Table 12 Key companies engaged in Research & development.
  • Table 13 Key Companies engaged in expansion.

List of Figures

  • Fig. 1 Information procurement
  • Fig. 2 Primary research pattern
  • Fig. 3 Market research approaches
  • Fig. 4 Value chain-based sizing & forecasting
  • Fig. 5 QFD modelling for market share assessment.
  • Fig. 6 Parent market analysis
  • Fig. 7 Patient-population model
  • Fig. 8 Market formulation & validation
  • Fig. 9 Coworking Spaces market snapshot
  • Fig. 10 Coworking Spaces market segment snapshot
  • Fig. 11 Coworking Spaces market competitive landscape snapshot
  • Fig. 12 Market research process
  • Fig. 13 Market driver relevance analysis (Current & future impact)
  • Fig. 14 Market restraint relevance analysis (Current & future impact)
  • Fig. 15 Coworking Spaces Market, Type outlook key takeaways (USD Million)
  • Fig. 16 Coworking Spaces Market: Type movement analysis 2022 & 2030 (USD Million)
  • Fig. 17 Corporate /professional coworking spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 18 Open/ Conventional coworking spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 19 Industry-specific coworking spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 20 Others coworking spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 21 Coworking Spaces Market: Application outlook key takeaways (USD Million)
  • Fig. 22 Coworking Spaces Market: Application movement analysis 2022 & 2030 (USD Million) .
  • Fig. 23 SMEs Coworking Spaces Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 24 SMEs Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 25 Large size enterprises Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 26 Freelancers Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 27 Others Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 28 Coworking Spaces Market: Industry Vertical outlook key takeaways (USD Million)
  • Fig. 29 Coworking Spaces Market: Industry Vertical movement analysis 2022 & 2030 (USD Million)
  • Fig. 30 BFSI Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 31 Professional Services Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 32 Information Technology Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 33 Real Estate Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 34 Recruitment Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 35 Healthcare Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 36 Government Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 37 Others Coworking Spaces market revenue estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 38 Regional marketplace: Key takeaways
  • Fig. 39 Coworking Spaces Market: Regional outlook, 2022 & 2030 (USD Million)
  • Fig. 40 North America Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 41 U.S. Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 42 Canada Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 43 Europe Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 44 UK Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 45 Germany Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 46 France Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 47 Asia Pacific Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 48 Japan Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 49 China Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 50 India Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 51 South Korea Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 52 Australia Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 53 Latin America Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 54 Brazil Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 55 Mexico Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 56 MEA Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 57 South Africa Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 58 Saudi Arabia Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 59 UAE Coworking Spaces market estimates and forecasts, 2017 - 2030 (USD Million)
  • Fig. 60 Strategy framework
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