Market Size of North America Coworking Spaces Industry
| Study Period | 2019-2028 |
| Base Year For Estimation | 2022 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2021 |
| CAGR | > 11.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Coworking Spaces Market Analysis
The size of North America Coworking Spaces Market is USD 4.6 billion in the current year and is anticipated to register a CAGR of over 11% during the forecast period.
- The global expansion in the number of start-ups significantly impacts the co-working space industry. Last year, there were 63,703 startups in the United States. The extension of internet space, exposure to entrepreneurial expertise outside of the country's borders, and better literacy rates all contribute to the rise.
- Furthermore, advanced manufacturing and robotics, agriculture technology and novel food, blockchain and artificial intelligence, big data, and analytics were the fastest-expanding start-up sub-sectors worldwide. As a result, the growing number of startups in various sectors worldwide raised the demand for co-working spaces, boosting the market over the projection period.
- Sustainable co-working space development is a significant trend affecting the co-working space industry. To attract entrepreneurs worried about environmental challenges, such as global warming, co-working spaces are introducing eco-friendly measures in the workplace. Sustainable measures used by co-working space providers bring significant benefits and are economically possible.
- Furthermore, expanding investments in specialty co-working spaces such as women-only spaces, LGBTQ+ spaces, and other social groups are likely to generate profitable opportunities as they become more popular to meet the growing diversity in SMEs such as on-premise childcare and others.
