How Has the Dormitories Market Size Evolved in Recent Years?
The dormitories market has seen considerable growth due to a variety of factors.
• In recent times, there has been a swift expansion in the size of the dormitories market. An increase from $14.71 billion in 2024 to $16.38 billion in 2025 with a compound annual growth rate (CAGR) of 11.4% is projected. Factors contributing to the growth in the historic period include educational enrollment trends, development of urbanization and campuses, movement of international students, affordability and demand for student housing, along with government and institutional investments.
What Are The Predictions for The Dormitories Market?
The Dormitories market is expected to maintain its strong growth trajectory in upcoming years.
• A significant surge in the size of the dormitories market is anticipated in the upcoming years. It is forecasted to expand to $25.13 billion by 2029, with a compound annual growth rate (CAGR) of 11.3%.
Such growth in the projected period is due to factors such as the evolution of education delivery models, emphasis on sustainability and green campus initiatives, focus on student welfare and amenities, promotion of public-private partnerships, and establishment of global educational hubs. Observations for the projected period indicate major trends including inclusive housing, availability of flexible dining options, implementation of safety and security protocols, efficient use of space, and support for remote learning.
Which Drivers Are Accelerating Growth In The Dormitories Market?
The escalating numbers of students are anticipated to drive the dormitories market expansion. Often availed by students for its convenience and cost-effectiveness, dormitories play a critical role. They offer students a diverse and social living atmosphere, fostering connections with peers from different backgrounds. Also, dormitories act as an appealing solution for students owing to their affordability and close proximity to university campuses. For example, a study by the University of Technology Sydney, a public university in Australia revealed that in July 2023, the USA witnessed secondary education completion as the most achieved level of education, representing 28% of the population in 2022. Meanwhile, in the UK, about 73.2% of secondary school-age residents accomplished a GCSE pass in 2022. As per 2021 data, Australia recorded total enrollments of over 3.95 million students across private and public schools. Hence, the rise in student numbers is fuelling the dormitories market growth.
What Are The Core Segments Of The Global Dormitories Market?
The dormitories market covered in this report 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
Subsegments:
1) By Rooming And Boarding Houses: Traditional Rooming Houses, Managed Boarding Houses, Shared Accommodation Facilities
2) By College Housing: On-Campus Dormitories, Off-Campus Student Housing, Purpose-Built Student Accommodation (PBSA)
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Which Emerging Trends Are Reshaping The Dormitories Market Size?
A significant trend observed in the dormitories market is the emphasis on product inventions. Enterprises functioning in the dormitories market are incorporating novel innovations to construct revolutionary student housing solutions and retain their market standing. For example, in June 2023, a US-based firm known as Rently Inc. which delivers self-touring and intelligent home technology solutions, unveiled a secure, multi-purpose property technology platform. It offers smart home technologies like smart thermostats and locks, which are of advantage to both the student housing providers and the students. This platform enhances apartment and communal area security, fast-tracks unit turnovers, and meets resident demands for ease and comfort. It allows operators to manage resident unit turnovers more efficiently. The mobile app-based software can activate or cancel access to buildings and units at the click of a button, while smart locks eliminate the hassle and cost of rekeying. Operators can initiate timed entry codes for delivery and maintenance appointments, oversee access rights, scrutinize access records, and customize property access schedules right from Rently's Smart Home dashboard.
Who Are the Key Players In The Dormitories Market?
Major companies operating in the dormitories market include:
• Campus Living Villages
• American Campus Communities
• UNITE Group
• Greystar Real Estate Partners
• The Scion Group
• Student Castle
• Axiom Education
• ResLife
• Nido Student
• The Student Housing Company
• Collegiate AC
• Rize
• Xenia Residential
• Hines
• Thrive Living
• Prime Student Living
• EdR Trust
• Campus Apartments
• Landmark Properties
• SMC Student Housing
• Yugo
• The Boulevard
• Core Spaces
• C3S
• Urban Student Life
• Housing Trust Group
• RISE Residential
• Oakwood Worldwide
• Bonaventure
What Are The Regional Insights Into The Dormitories Market?
North America was the largest region in the dormitories market in 2024. The regions covered in the dormitories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
