Dormitories Global Market Is Expected To Grow At A Rate Of More Than 10% Through 2023 – 2027
11 Jul, 2023
The global dormitories market size is expected to grow from $15.99 billion in 2022 to $17.95 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dormitories market size is expected to reach $27.00 billion in 2027 at a CAGR of 10.7%.
Global Dormitories Market Key Driver
The growing student population is likely to drive future growth in the dormitory sector. Students frequently choose dorms as a convenient and cost-effective accommodation alternative. Furthermore, dorms allow students to live in a social and diverse atmosphere, allowing them to build relationships with people from diverse backgrounds. Furthermore, because of their cost and proximity to campus, dormitories are an appealing alternative for students.
Get a sample of the global dormitories market reportGlobal Dormitories Market Segments
The global dormitories market is segmented:
1) By Type: Rooming And Boarding Houses, College Housing
2) By Service Type: PBSA, Private Rented Sector, University Accommodation, Other Services
3) By Application: Freshman, Sophomore, Junior, Senior, 5Th Year Or Later, Graduate Student
4) By Geography: The regions covered in the dormitories market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global dormitories market.
Major Dormitories Industry Players
Harrison Street, The Preiss Company, Greystar, The Scion Group LLC, Asset Living LLC, The Collier Companies, American Campus Communities, Kyoritsu Maintenance Co. Ltd., Rzeszów University of Technology, Metropolitan Housing Trust Limited, Civeo Corporation, University Living, Yugo USA LLC, Metropolitan Housing Trust Limited, Civeo Corporation
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Dormitories Market Overview
Dormitory refers to a large residential building or facility that offers accommodation services to groups of people such as students or workers. Dormitories are often located on or near college and university campuses, as well as military bases providing affordable housing options.
Dormitories Global Market Report 2023 provides data on the global dormitories market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dormitories market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.