Market Overview:
The Global Business Centre Market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for business centres by start-ups and small businesses, and the growing trend of flexible lease agreements. In terms of type, the market is segmented into flexible lease and long lease. The flexible lease segment is expected to grow at a higher CAGR than the long lease segment during the forecast period. This can be attributed to the growing trend of short-term leases among businesses, especially start-ups and small businesses. By application, the market is divided into start-up business centre and small business centre segments.
Product Definition:
A business centre is a shared office space where entrepreneurs, start-ups and small businesses can rent desks or offices on a short-term basis. Business centres offer all the amenities of a traditional office environment, including administrative support, meeting rooms and conference facilities. They are an important resource for entrepreneurs who need to get up and running quickly, without the hassle or expense of setting up their own office.
Flexible Lease:
Flexible lease is a type of real estate contract in which the lessor (the company leasing the property) and the lessee (the business that occupies the property) have agreed upon a lease for an undetermined period. The lessor usually retains ownership of certain assets while transferring responsibility for maintenance and other liabilities to the lessee. In exchange, lessee undertakes to pay rent or make payments covering costs such as insurance, taxes, utilities, etc.
Long Lease:
Long lease is a type of commercial property lease in which the lessor (the company leasing the property) has an option to purchase the asset or business from the lessee (the company using the asset). The lessee also has an option to sub-lease some or all of its space to other businesses. Long leases are generally for 10 years and can be renewed for additional terms.
Application Insights:
The start-up segment dominated the global business centre market in 2017 and is expected to witness significant growth over the forecast period. The rising number of start-ups across the globe has created a huge demand for office spaces, which in turn is driving the growth of this segment. As per research conducted by Co-working Spaces Association (CSA) in 2018, there are more than 300,000 co-working spaces globally with around 1.3 million members across 200 countries worldwide.
The small business segment occupied a major share of revenue on account of increasing penetration and adoption rate among SMEs for conducting their day to day operations efficiently and at low cost as compared to conventional offices.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period owing to favorable government policies and presence of a large number of technology-based companies. In addition, increasing adoption of cloud services by small and medium enterprises in U.S., Canada, and Mexico is anticipated to drive the regional market growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during 2018 - 2030 due to growing awareness regarding benefits offered by business centers such as reduced operating costs, improved productivity, enhanced employee experience & communication tools among others.
Growth Factors:
- Increased demand for flexible office space: The Business Centre market is benefiting from the increased demand for flexible office space. This is due to the rise in the number of startups and freelancers, who are looking for short-term or month-to-month contracts.
- Growing popularity of co-working spaces: Co-working spaces are becoming increasingly popular, as they offer a more collaborative and social working environment than traditional offices. This is helping to drive demand for Business Centre services.
- Rise in remote working: The growth of remote working has led to an increase in the need for serviced offices that can provide high quality video conferencing facilities and other amenities needed for remote workers.
- Proliferation of technology: The proliferation of technology has made it easier than ever for businesses to operate from home or remotely, which is driving demand for Business Centre services that can provide all the necessary infrastructure and support staff required to run a business successfully from anywhere in the world.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Centre Market Research Report
By Type
Flexible Lease, Long Lease
By Application
Start-up, Small Business
By Companies
Allwork.Space, Regus, CSO, Servcorp, Instant, Startups, Gorilla Property Solutions, OREGA MANAGEMENT LTD, Clockwise Offices
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Business Centre Market Report Segments:
The global Business Centre market is segmented on the basis of:
Types
Flexible Lease, Long Lease
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Start-up, Small Business
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allwork.Space
- Regus
- CSO
- Servcorp
- Instant
- Startups
- Gorilla Property Solutions
- OREGA MANAGEMENT LTD
- Clockwise Offices
Highlights of The Business Centre Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flexible Lease
- Long Lease
- By Application:
- Start-up
- Small Business
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Centre Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A business centre is a facility that provides office space, meeting rooms, and other amenities to businesses.
Some of the major companies in the business centre market are Allwork.Space, Regus, CSO, Servcorp, Instant, Startups, Gorilla Property Solutions, OREGA MANAGEMENT LTD, Clockwise Offices.
The business centre market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Business Centre Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Business Centre Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Business Centre Market - Supply Chain
4.5. Global Business Centre Market Forecast
4.5.1. Business Centre Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Business Centre Market Size (000 Units) and Y-o-Y Growth
4.5.3. Business Centre Market Absolute $ Opportunity
5. Global Business Centre Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Business Centre Market Size and Volume Forecast by Type
5.3.1. Flexible Lease
5.3.2. Long Lease
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Business Centre Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Business Centre Market Size and Volume Forecast by Application
6.3.1. Start-up
6.3.2. Small Business
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Business Centre Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Business Centre Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Business Centre Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Business Centre Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Business Centre Demand Share Forecast, 2019-2026
9. North America Business Centre Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Business Centre Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Business Centre Market Size and Volume Forecast by Application
9.4.1. Start-up
9.4.2. Small Business
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Business Centre Market Size and Volume Forecast by Type
9.7.1. Flexible Lease
9.7.2. Long Lease
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Business Centre Demand Share Forecast, 2019-2026
10. Latin America Business Centre Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Business Centre Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Business Centre Market Size and Volume Forecast by Application
10.4.1. Start-up
10.4.2. Small Business
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Business Centre Market Size and Volume Forecast by Type
10.7.1. Flexible Lease
10.7.2. Long Lease
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Business Centre Demand Share Forecast, 2019-2026
11. Europe Business Centre Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Business Centre Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Business Centre Market Size and Volume Forecast by Application
11.4.1. Start-up
11.4.2. Small Business
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Business Centre Market Size and Volume Forecast by Type
11.7.1. Flexible Lease
11.7.2. Long Lease
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Counry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Business Centre Demand Share, 2019-2026
12. Asia Pacific Business Centre Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Business Centre Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Business Centre Market Size and Volume Forecast by Application
12.4.1. Start-up
12.4.2. Small Business
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Business Centre Market Size and Volume Forecast by Type
12.7.1. Flexible Lease
12.7.2. Long Lease
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Business Centre Demand Share, 2019-2026
13. Middle East & Africa Business Centre Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Business Centre Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Business Centre Market Size and Volume Forecast by Application
13.4.1. Start-up
13.4.2. Small Business
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Business Centre Market Size and Volume Forecast by Type
13.7.1. Flexible Lease
13.7.2. Long Lease
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Business Centre Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Business Centre Market: Market Share Analysis
14.2. Business Centre Distributors and Customers
14.3. Business Centre Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allwork.Space
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Regus
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CSO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Servcorp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Instant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Startups
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gorilla Property Solutions
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OREGA MANAGEMENT LTD
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Clockwise Offices
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
