Product Code: A74637
According to a new report published by Allied Market Research, titled, "Office Spaces Market," The office spaces market was valued at $3.1 trillion in 2022, and is estimated to reach $4919.7 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.
Office space refers to a physical area within a commercial building of property that is specially designed and utilized for conducting business activities. It serves as a dedicated workplace for employees and professionals to carry out administrative tasks, collaboration, meeting client and perform various work-related functions. Office space often includes individual workstations, meeting rooms, conference areas, communal space and amenities that support productivity and facilitate effective communication and collaboration within an organization.
Increasing businesses demand more space to accommodate their growing workforces, and operational economic factors like GDP growth, employment rates, and business health have a substantial impact on this demand. Additionally, businesses are reconsidering their requirements for office space due to the growth of remote work and flexible work arrangements. Furthermore, although some companies have adopted entirely remote solutions, others are adopting hybrid modes that combine remote work with in-person collaboration. These factors affect the need for conventional office space and fuel the demand for coworking, shared, or more adaptable workplaces.
Moreover, many governments in both emerging and advanced economies have been enforcing rules and regulations for using certain areas for different forms of land use, including commercial, residential, and industrial. In addition, this regulation restricts where office buildings are located, the size and height of buildings, parking requirements and other factors. Additionally, environmental regulations place limitations on some kinds of office spaces, particularly if they involve the use of hazardous materials. Environmental legislation additionally includes extra fees and standards for waste management, energy efficiency, and sustainable measurement. Furthermore, this law includes requirements for danger assessment, ergonomic ventilation system design, and emergency preparedness. As a result, these environmental and building codes increase the cost of manufacturing and restrict the market.
Contrarily, emerging markets, particularly in regions such as Asia, Africa, and Latin America, offer growth opportunities in the office space market. In addition, due to rising urbanization, expanding economics and favorable business environments attract foreign investment and drive demand for modern office space. Furthermore, investing in emerging markets with untapped potential can provide long-term growth opportunities.
The office space market is segmented into type, sale type, end user, and region. By type, the market is classified into new construction and retrofits. The new construction segment dominated the market in 2022. By sale type, the market is divided into rent and sells. The rent segment dominated the market in 2022. By end user, it is segmented into finance sector, retail and consumer goods, IT and telecommunication, co-working space, manufacturing industry, and others. The IT and telecommunication segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2022, Asia-Pacific was the key shareholder, and is anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the office space market report include Jones Lang LaSalle Incorporated, IWG plc, Savills plc, RMZ Corp, Skanska AB, Oberoi Realty Limited, SOHO China Limited, DLF Limited, Benhar Office Interiors and Aakash Group.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the office spaces market analysis from 2022 to 2032 to identify the prevailing office spaces market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the office spaces market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global office spaces market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- End user preferences and pain points
- Investment Opportunities
- Strategic Recommedations
- Brands Share Analysis
- Historic market data
- List of customers/consumers/raw material suppliers- value chain analysis
- Product Consumption Analysis
- SWOT Analysis
Key Market Segments
By Type
By Sales Type
By End User
- Co-Working Space
- Manufacturing Industry
- Others
- Finance Sector
- Retail and Consumer Goods
- IT and Telecommunication
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Aakash Group
- Benhar Office Interiors
- DLF Limited
- IWG plc
- Jones Lang LaSalle Incorporated
- Oberoi Realty Limited
- RMZ Corp
- Savills plc
- Skanska AB
- SOHO China Limited
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increasing in number of business startups:
- 3.4.1.2. Urbanization and infrastructure development
- 3.4.2. Restraints
- 3.4.2.1. Government and environmental regulation
- 3.4.3. Opportunities
- 3.4.3.1. Increase in investment in infrastructure.
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: OFFICE SPACES MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Retrofits
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. New Buildings
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: OFFICE SPACES MARKET, BY SALES TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Rent
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Sell
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: OFFICE SPACES MARKET, BY END USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Finance Sector
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Retail and Consumer Goods
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. IT and Telecommunication
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Co-Working Space
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Manufacturing Industry
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: OFFICE SPACES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Sales Type
- 7.2.4. Market size and forecast, by End User
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Type
- 7.2.5.1.2. Market size and forecast, by Sales Type
- 7.2.5.1.3. Market size and forecast, by End User
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Type
- 7.2.5.2.2. Market size and forecast, by Sales Type
- 7.2.5.2.3. Market size and forecast, by End User
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Type
- 7.2.5.3.2. Market size and forecast, by Sales Type
- 7.2.5.3.3. Market size and forecast, by End User
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Sales Type
- 7.3.4. Market size and forecast, by End User
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Type
- 7.3.5.1.2. Market size and forecast, by Sales Type
- 7.3.5.1.3. Market size and forecast, by End User
- 7.3.5.2. UK
- 7.3.5.2.1. Market size and forecast, by Type
- 7.3.5.2.2. Market size and forecast, by Sales Type
- 7.3.5.2.3. Market size and forecast, by End User
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Type
- 7.3.5.3.2. Market size and forecast, by Sales Type
- 7.3.5.3.3. Market size and forecast, by End User
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Type
- 7.3.5.4.2. Market size and forecast, by Sales Type
- 7.3.5.4.3. Market size and forecast, by End User
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Type
- 7.3.5.5.2. Market size and forecast, by Sales Type
- 7.3.5.5.3. Market size and forecast, by End User
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Sales Type
- 7.4.4. Market size and forecast, by End User
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Type
- 7.4.5.1.2. Market size and forecast, by Sales Type
- 7.4.5.1.3. Market size and forecast, by End User
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Type
- 7.4.5.2.2. Market size and forecast, by Sales Type
- 7.4.5.2.3. Market size and forecast, by End User
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Type
- 7.4.5.3.2. Market size and forecast, by Sales Type
- 7.4.5.3.3. Market size and forecast, by End User
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Type
- 7.4.5.4.2. Market size and forecast, by Sales Type
- 7.4.5.4.3. Market size and forecast, by End User
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Type
- 7.4.5.5.2. Market size and forecast, by Sales Type
- 7.4.5.5.3. Market size and forecast, by End User
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Sales Type
- 7.5.4. Market size and forecast, by End User
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Type
- 7.5.5.1.2. Market size and forecast, by Sales Type
- 7.5.5.1.3. Market size and forecast, by End User
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Type
- 7.5.5.2.2. Market size and forecast, by Sales Type
- 7.5.5.2.3. Market size and forecast, by End User
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Type
- 7.5.5.3.2. Market size and forecast, by Sales Type
- 7.5.5.3.3. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Jones Lang LaSalle Incorporated
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.0. Key strategic moves and developments
- 9.2. IWG plc
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Savills plc
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. RMZ Corp
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. SOHO China Limited
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. Skanska AB
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. DLF Limited
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Oberoi Realty Limited
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Benhar Office Interiors
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Aakash Group
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio