Flexible Workspace Market
Flexible Workspace Market Size, Share & Trends Analysis Report by Ownership (Private and Shared), by Type (Collaborative Workspace, Manufacturing Space, and Others), and by End User (Small Business, Medium Business, and Large Business) Forecast Period (2023-2030)
Flexible workspace market is projected to grow at a CAGR of 14.0% during the forecast period. The market growth is driven by various factors, including the increasing adoption of remote work culture, rising demand for flexible and cost-effective office solutions, and the growing trend of coworking spaces. Also, the growth of the market is driven by an increasing number of small companies and startups seeking temporary office solutions coupled with increasing favorable policies of the government giving a push to new startups. For instance, in March 2021, a majority of EU governments signed up for an initiative to create a better legal framework for start-up formation and growth. The EU Startup Nations Standard was devised by the Portuguese government during its EU presidency in early 2021, and launched by the European Commission in March 2021. It sets out eight areas of policy to support the creation and growth of innovative start-ups. These include fast start-up creation and smooth market entry; attracting and retaining talent; stock options; innovation in regulation, including regulatory sandboxes; innovation procurement, including tech transfer policies, access to finance; social inclusion, diversity, and protecting democratic values; ‘digital first’ for interactions between start-ups and the authorities.
Segmental Outlook
The global flexible workspace market is segmented based on ownership, type, and end user. Based on its ownership, the market is segmented into private and shared. Based on its type, the market is segmented into collaborative workspace, manufacturing space, and others. Based on its end user, the market is segmented into small business, medium business, and large business. Among ownership segments, the shared ownership segment is anticipated to witness significant growth, driven by the increasing preference for coworking spaces and the growing number of startups.
The Collaborative Workspace is Anticipated to Significant Growth over The Forecast Period
Among type segments, the collaborative workspace type is anticipated to have significant growth over the forecast period. The growth is attributed to the growing emphasis on collaborative workspace and growing funding and investment in new startups working to provide collaborative workspace at competitive prices. For instance, in March 2022, Singapore-headquartered Atlan, a workspace platform for collaboration between data and tech teams, raised US$50 in a series B round led by Salesforce Ventures, Insight Partners, and Sequoia Capital India. Atlan will use the fresh funds to expand its teams to boost product development while eyeing investments. Also, in September 2022, San Francisco–based Codi raised a $16 million Series A, led by Andreessen Horowitz.
Regional Outlooks
The global flexible workspace market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed at the regional or country level as per requirement. Among these regions, Europe is expected to witness prominent growth over the forecast period, driven by the presence of major flexible workspace providers and the increasing adoption of remote work practices.
Global Flexible Workspace Market Growth, by Region 2023-2030
The Asia-Pacific Region is Anticipated to Hold a Significant Share in the Global Flexible Workspace Market
Among all the regions, the Asia-Pacific region is also projected to experience significant growth, fueled by the rapid expansion of startups, and government initiatives supporting entrepreneurship. For instance, in February 2023, the Department for Promotion of Industry and Internal Trade recognized 92,683 entities as startups since the launch of the Startup India initiative in 2016. The Government of India with an intent to build a strong ecosystem for nurturing innovation, and startups and encouraging private investments in the startup ecosystem of the country launched the Startup India initiative on January 2016.
Market Players Outlook
The major companies serving the global flexible workspace market include WeWork Companies Inc., Regus Group (IWG PLC), Knotel Inc., Industrious LLC, Servcorp Ltd., and others. These market players are contributing significantly to the market growth through various strategies, including mergers and acquisitions, partnerships, collaborations, and the launch of innovative workspace solutions. For instance, in April 2022, WorkChew acquired the workspace assets of KettleSpace, an industry provider of premium flexible workplace solutions in New York City. The acquisition increases WorkChew's presence in the flexible workplace sector and greatly expands its footprint in New York City. The acquisition helps WorkChew continue to meet rising demand from companies looking for agile workspace solutions as they roll out post-pandemic hybrid work models where employees work in and outside the office.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flexible workspace market. based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Flexible Workspace Market by Ownership
4.1.1. Private
4.1.2. Shared
4.2. Global Flexible Workspace Market by Type
4.2.1. Collaborative Workspace
4.2.2. Manufacturing Space
4.2.3. Others
4.3. Global Flexible Workspace Market by End User
4.3.1. Small Business
4.3.2. Medium Business
4.3.3. Large Business
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. BE Offices Ltd.
6.2. Bizspace Ltd.
6.3. Flexspace
6.4. Fora Space Ltd.
6.5. IWG plc.
6.6. JustCo
6.7. OfficeRnD Ltd.
6.8. Servcorp Ltd.
6.9. Space&Co.
6.10. Spaces
6.11. The Great Room Offices
6.12. The Working Capito
6.13. Victory Offices Ltd.
6.14. WeWork Companies Inc.
6.15. WOTSO Ltd.
1. GLOBAL FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($MILLION)
2. GLOBAL PRIVATE OWNED FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL SHARED FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
5. GLOBAL COLLABORATIVE WORKSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL MANUFACTURING WORKSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL OTHERS WORKSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
9. GLOBAL FLEXIBLE WORKSPACE FOR SMALL BUSINESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL FLEXIBLE WORKSPACE FOR MEDIUM BUSINESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL FLEXIBLE WORKSPACE FOR LARGE BUSINESS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. NORTH AMERICAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. NORTH AMERICAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
15. NORTH AMERICAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
17. EUROPEAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. EUROPEAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
19. EUROPEAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
20. EUROPEAN FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. ASIA-PACIFIC FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
25. REST OF THE WORLD FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. REST OF THE WORLD FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
27. REST OF THE WORLD FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD FLEXIBLE WORKSPACE MARKET RESEARCH AND ANALYSIS BY END USER, 2022-2030 ($ MILLION)
1. GLOBAL FLEXIBLE WORKSPACE MARKET SHARE BY OWNERSHIP, 2022 VS 2030 (%)
2. GLOBAL PRIVATE OWNED FLEXIBLE WORKSPACE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL SHARED FLEXIBLE WORKSPACE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL FLEXIBLE WORKSPACE MARKET SHARE BY TYPE, 2022 VS 2030 (%)
5. GLOBAL COLLABORATIVE WORKSPACE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL MANUFACTURING WORKSPACE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL OTHERS WORKSPACE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL FLEXIBLE WORKSPACE MARKET SHARE BY END USER, 2022 VS 2030 (%)
9. GLOBAL FLEXIBLE WORKSPACE FOR SMALL BUSINESS MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL FLEXIBLE WORKSPACE FOR MEDIUM BUSINESS MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL FLEXIBLE WORKSPACE FOR LARGE BUSINESS MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL FLEXIBLE WORKSPACE MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. US FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
14. CANADA FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
15. UK FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
16. FRANCE FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
17. GERMANY FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
18. ITALY FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
19. SPAIN FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
20. REST OF EUROPE FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
21. INDIA FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
22. CHINA FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
23. JAPAN FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
24. SOUTH KOREA FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF ASIA-PACIFIC FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF THE WORLD FLEXIBLE WORKSPACE MARKET SIZE, 2022-2030 ($ MILLION)
