The report titled, “APAC Flexible Workspace Market Outlook to 2025- By Type (Hybrid Spaces, Serviced Spaces and Co-Working Spaces), By Country (China, India, Japan, Philippines, Australia, Vietnam, Singapore and South Korea) and By End Users (Enterprises, MSME’s/Start-Ups and Entrepreneurs/Freelancers)” provides a comprehensive analysis of the Flexible Workspace Market in APAC. The reports the flexible workspace industry in 19 cities including Shanghai, Beijing, Hong Kong, Chengdu, Shenzhen, Guangzhou, Bangalore, Mumbai, Delhi NCR, Pune, Hyderabad, Sydney, Melbourne, Seoul, Tokyo, Ho Chi Minh City, Hanoi, Metro Manila and Singapore based in 8 countries including China, India, Japan, Philippines, Australia, Vietnam, Singapore and South Korea. The report covers Supply and Demand Analysis along with Revenue streams, Value Chain, Emerging Business Models and Key Industry Trends. The report also focuses extensively on the Competition Scenario in the country wise and concludes with Future Scenario and analyst recommendations highlighting the key opportunities in the future.
APAC Flexible Workspace Overview and Size
The flexible workspace industry in APAC gained traction during the time frame 2016-2017 when the global market leader WeWork expanded in multiple geographies. The supply in the industry has been drastically growing during the period 2016-2019. The industry has been evolving ever since its inception, with major trends in the industry being growing number of local players, changing amenity mix or amenitisation, increasing market consolidation, development of premium design workspaces at premium locations and increasing landlord participation.
APAC Flexible Workspace Market Segmentation
By Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces)
As of 2016, Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces almost had the equal contribution to the overall supply of flexible workspaces in APAC but in 2019, serviced spaces has grown to account for the highest market share to the overall supply.
By Country (China, India, Japan, Philippines, Australia, Vietnam, Singapore and South Korea)
In 2019, more than 60% of the total supply of flexible workspace in APAC was accounted by India and China. The supply in Vietnam, South Korea and Japan has been growing at the fastest pace during 2016-2019. The average centre size has been growing in all the countries with increasing demand from enterprises. In 2019, the average desk cost was highest in Hong Kong followed by Tokyo, Sydney, Melbourne, Beijing, Singapore and others.
By Type of End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed)
In 2019, the demand of flexible workspaces in APAC is dominated by the enterprises and the demand from the same has also been growing at the fastest pace. With changing business strategies and increasing focus on increasing employee satisfaction and productivity, large enterprises are following the hub and spoke model wherein the corporate head office becomes the hub and flexible workspace centers become spokes.
Competitive Landscape in APAC Flexible Workspace Market
The market is observed to be at a growth stage, with the competition been highly fragmented with presence of more than 2500 flexible workspace operators. IWG, WeWork, Servcorp, The Compass Office, The Executive Centre and JustCo are the major players operating throughout APAC. The supply of flexible workspaces in most of the countries is driven by local players. Operators are shifting towards joint venture models and management models.
APAC Flexible Workspace Market Future Outlook and Projection
APAC Flexible Space market is expected to register growth at double digit CAGR by space during 2019-2025F. This is owing to multitude of factors emergence of nomadic co-working spaces, increasing demand from enterprises, increasing number of niche co-working spaces, movement to tier 2 and tier 3 cities, increase in focus on non-rental revenue streams and change in IFRS Standards. Sydney, Hanoi, Ho Chi Minh City, Pune, Hyderabad, Chengdu and Guangzhou are expected to grow at the fastest pace by 2025.
Key Segments Covered:-
By Type of Flexible Workspace
Serviced Spaces
Hybrid Spaces
Co-Working Spaces
By Country
India
Bangalore
Delhi NCR
Mumbai
Pune
Hyderabad
China
Shanghai
Beijing
Shenzhen
Hong Kong
Chengdu
Guangzhou
Australia
Melbourne
Sydney
Japan
Tokyo
Singapore
South Korea
Seoul
Philippines
Metro Manila
Vietnam
Ho Chi Minh City
Hanoi
By End Users
Enterprises
MSME’s/Start Ups
Entrepreneurs/Freelancers
Key Target Audience:-
Flexible Workspace Operators
Office Brokers/Aggregators
Commercial Real Estate Companies
Venture Capitalist and PE Firms
Real Estate Consultant
Office Furniture Providers
ICT Providers
Time Period Captured in the Report:-
Historical Period – 2016-2019
Forecast Period – 2019-2025
Companies Covered in the Report:-
APAC Flexible Workspace Market
IWG
WeWork
The Executive Centre
Compass Office
JustCo
Servcorp
Local Players in India Flexible Workspace Market
Awfis Space Solutions
IndiQube
Smartworks
91Springboard
Innov8
Vatika Business Centre & Co-working Spaces
InstaOffice
Local Players in China Flexible Workspace Market
Ucommune
MyDreamPlus
Distrii
Kr Space
SOHO 3Q
People Squared
Atlas Workplace
Servoffice
Local Players in Japan Flexible Workspace Market
ZXY
WorkStyling
Cross Office
Business Airport
LIFORK
Mitsubishi Estate (BRANDS: Finolab, The Premium Floor, Inspired.lab, Global Business Hub, EGG JAPAN)
Expert Office
SENQ
Local Players in Australia Flexible Workspace Market
Victory Offices
WOTSO Workspace
Workspace365
Corporate House
Asia Pacific Serviced Offices
Hub
Space & Co.
Christie Spaces
Local Players in Singapore Flexible Workspace Market
The Work Project
The Great Room
Found8
ClubCo
Local Players in Philippines Flexible Workspace Market
KMC Co-working Space
Clock In
Common Ground
vOffice
Project T Solutions
A-Space
Local Players in Vietnam Flexible Workspace Market
Toong
Up Co-Working
G Office
Cogo Co-working
Dreamplex
eSmart
CirCo
Local Players in South Korea Flexible Workspace Market
FASTFIVE
SPARKPLUS
BIZSQUARE & MoA
GARAGE
Heyground
Key Topics Covered in the Report:-
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019
Value Chain Analysis
Revenue Streams
Organizational Structure of Flexible Workspaces
Marketing Strategies
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F
Competitive Landscape in APAC Flexible Workspace Market
Emerging Business Model
Country Snap Shots (Demand-Supply Analysis and Detailed Competitive Scenario including Heat Map
Analysis, Market Share Analysis and Cross Comparison Analysis)
Success Case Study
Analyst Recommendation
For More Information, refer to below link:-
APAC Flexible Workspace Market
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
