Market Size of Europe Coworking Spaces Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.70 % |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Coworking Spaces Market Analysis
The global co-working space market is on a constant rise since past few years and is expected to grow at a CAGR of more than 4.7%. It is clear to see how rapidly the flexible workplace niche has expanded since 2001 - in terms of the number of sites, volume of space (sq m) and number of operators in cities across Europe. The big jump in expansion has been in the last five years, between 2014 and end of 2018, where the number of flexible workspace sites expanded by more than 205% while the number of operators expanded by more than 138%. The increasing demand from Entrepreneurs, start-ups, and freelancers with focus on convenience, price, flexibility and growth as a startup with less than 50 employees can save up to 25-30% in rental costs is the cause for rapid growth of the market. Millennial generation coupled with growing start-up culture is creating the need for low-cost flexible co-working spaces worldwide.
