Global PBSA Market to Reach $14.1 Billion by 2030
|11 October, 2023
Zion Market Research has recently released a research report titled "PBSA Market Comprehensive Analysis, Historical Data, and Forecasts 2023–2030," now available in its research repository. According to the most recent research findings, the global PBSA market's valuation was approximately $9.1 billion in 2022. Forecasts point to a substantial growth trajectory, with a projected CAGR of 10.9%, culminating in an expected market worth of $14.1 billion by 2030.
The report conducts an in-depth analysis of the factors propelling and constraining the PBSA market, shedding light on their impact on demand throughout the forecast period. Furthermore, the report explores international prospects within the global market landscape.
About Zion Market Research
Zion Market Research stands as a prominent market research institution, providing comprehensive industry insights and meticulous consulting services to facilitate business development for our clients. Our reports and services are trusted and utilized by esteemed academic institutions, startups, and companies worldwide. These resources serve as valuable tools for assessing and comprehending the evolving global and regional business landscapes.
The PBSA market had a size of USD 9.1 billion in 2022, with a forecast to reach USD 14.1 billion by 2030, exhibiting a growth rate of 10.9% (CAGR). The report covers the years from 2023 to 2030, featuring key companies like CRM students, Placio, Youthville Serviced Hostels, Uni Acco, Stanza Living, Amber Student, Unite Group, and University Living. It segments the market by accommodation type, location, rent type, and region, encompassing North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Customization options are available to tailor the research to specific needs.
Report Key Insights
The PBSA market is expected to experience substantial growth, with a projected CAGR exceeding 10.9% from 2023 to 2030. This growth is underpinned by various driving factors, leading to an estimated market size of approximately $9.1 billion in 2022, surging to around $14.1 billion by 2030.
The global PBSA market is poised for significant expansion, primarily driven by universities venturing into providing their student accommodation solutions due to the escalating demand. Within the accommodation types, private student accommodation is set to achieve the fastest CAGR during the forecast period.
Furthermore, concerning the rent type, the basic segment is expected to dominate the segmental growth throughout the forecast period. Regionally, the North American PBSA market is anticipated to exhibit the highest CAGR in the coming years.