The report titled, “India Flexible Workspace Market Outlook to 2025- By Type (Hybrid Spaces, Serviced Spaces and Co-Working Spaces), By City (Bangalore, Mumbai, Delhi NCR, Pune and Hyderabad) and By End Users (Enterprises, MSME’s/Start-Ups and Entrepreneurs/Freelancers)” provides a comprehensive analysis of the Flexible Workspace Market in India. The report covers the pain points, the need, the existing gap, target addressable market, 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 and concludes with Future Scenario and analyst recommendations highlighting the key opportunities in the future.
India Flexible Workspace Overview and Size
Rising real estate cost, Growing Gig Economy and Growing Entrepreneurship, Fluid Business Strategy, Influx of Foreign Companies and Increasing Number of Start-Ups led to the emergence of flexible workspace market in India. Market consolidation is currently taking place at a slower pace and the operators are venturing into new geographies including the tier 2 and tier 3 cities. The supply in India Flexible Space market has been growing at a double digit CAGR by space during the period 2016-2019. The market has been growing with the competition being fragmented owing to the presence of more than 300 flexible workspace operators in the industry.
India Flexible Workspace Market Segmentation
By Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces)
Hybrid or Integrated Spaces accounted for the highest market share in 2019. Serviced spaces have been growing at the fastest pace followed by hybrid spaces and co-working spaces during the time period 2016-2019. Flexible workspace operators such as Awfis have recently introduced its Enterprise solution in 2019 which has driven the supply of serviced offices.
By City (Bangalore, Delhi NCR, Mumbai, Hyderabad and Pune)
Bangalore followed by Delhi NCR, Mumbai, Hyderabad and Pune dominates the India flexible workspace market in terms of overall supply. High commercial office rents in Bangalore, Mumbai and Delhi NCR and expanding IT corridor in Pune and Hyderabad have driven the supply of flexible workspaces.
By Type of End Users (Enterprise, MSME’s/Start Ups and Freelancers / Self Employed)
India Flexible workspace industry has been experiencing growing demand from enterprises that are looking for customized office solutions on flexible basis. Flexible workspace operators are continually trying to optimize their solutions to retain the enterprise client as they act as assured and bulk revenue generators.
Competitive Landscape in India Flexible Workspace Market
The market is observed to be at a growth stage, with the competition been fragmented with presence of more than 300 flexible workspace operators. Regus, WeWork, Awfis Space Solutions, IndiQube, Smartworks, 91Springboard, The Executive Centre, Innov8, Vatika Business Centre & Co-working Spaces, InstaOffice, CoWrks, Incuspaze are few of the major players in the industry. Market consolidation is taking place at a slower pace. Different ownerships, company structures, offerings, funding mechanisms and prices / scale are currently complicating the market consolidation process. Operators are shifting towards joint venture models and management models.
India Flexible Workspace Market Future Outlook and Projection
India Flexible Space market is expected to register growth at double digit CAGR by space during 2019-2025F. This is owing to multitude of factors namely emerging domestic and foreign operators, increasing number of using flexible workspaces, government initiatives to boosts start-ups, development of co-working spaces outside office building, increasing rents of commercial office and expansion of peripheral regions. The supply-demand gap is expected to reduce by 2025 as operators are expanding in tier 2 and tier 3 cities (which have limited scope) and their focus for tier 1 city will be to increase occupancy by providing customized services and tech enhanced solutions.
Key Segments Covered:-
By Type of Flexible Workspace
Serviced Spaces
Hybrid Spaces
Co-Working Spaces
By City
Bangalore
Delhi NCR
Mumbai
Pune
Hyderabad
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 – 2019-2025F
Companies Covered in the Report:-
Flexible Workspace Operators
Regus
WeWork
Awfis Space Solutions
IndiQube
Smartworks
91Springboard
The Executive Centre
Innov8
Vatika Business Centre & Co-working Spaces
InstaOffice
Key Topics Covered in the Report:-
Need and Pain Points Leading to Emergence of Flexible Workspace Industry in India
Target Addressable Audience in India Flexible Workspace Industry
Existing Gaps in India Flexible Workspace Market
Value Chain Analysis
Emerging Business Model
Revenue Streams
Organizational Structure of Flexible Workspaces
Marketing Strategies
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019
Competitive Landscape in India Flexible Workspace Market
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F
Success Case Study
Analyst Recommendation
For More Information, refer to below link:-
India Flexible Workspace Market
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
