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Global Executive Suites Market to reach USD 137.75 million by 2027

Global Executive Suites Market Size study, by Type (Flexible Lease, Long Lease), by Application (Start-up, Small Business) and Regional Forecasts 2020-2027

Product Code: IACTIS_62277893
Publish Date: 22-02-2021
Page: 200

Global Executive Suites Market is valued at approximately USD 42.08 million in 2019 and is anticipated to grow with a healthy growth rate of more than 16.4% over the forecast period 2020-2027. In the present scenario, executive suites emerged as one of the main concepts of coworking spaces that is primarily opted by the start-ups in order to curb the administrative cost. An executive suite – also referred to as a serviced office or a business centre – has a private office area with the basic furniture and common facilities such as breakrooms, meeting rooms, and lobbies. Owing to the growing prominence of cost-effectiveness, flexibility, and collaboration, executive suites have observed an explosion in demand. According to a 2017 survey from CBRE, one of many such reports, 71% of occupiers believe that productive and flexible workspaces are vital to delivering corporate real estate objectives. Critically, this estimation is being increased from around 57% in 2016, which further fuels the adoption of executive suites all over the world. Moreover, the rise in penetration of co-working spaces, along with surging government initiatives concerning flexible workplace and commercial establishments are the few factors responsible for the high CAGR of the market during the forecast period. According to the coworking space organization, it is estimated that the number of coworking spaces worldwide will reach nearly 20,000 in 2020 and surpass 40,000 by 2024. Similarly, as per the coworking annual reports, it is estimated that almost 5 million people will be working from coworking spaces by 2024, an increase of 158% compared to 2020. This, in turn, is likely to strengthen the demand for executive suites, thereby contributing to the market growth around the world. However, the lack of data security at flexible executive suites is one of the prime factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Executive Suites market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising government support to implement executive suites, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in number of start-ups and increased funding on small business in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Executive Suites market in the Asia-Pacific region.

Major market player included in this report are:
Allwork.Space
Regus
Premier workspaces
Servcorp
Instant Offices
AltF Coworking
Gorilla Property Solutions
Orega Management Ltd.
Clockwise Offices
Heritage Office Suite

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Flexible Lease
Long Lease

By Application:
Start-up
Small Business

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Executive Suites Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Executive Suites Market, by Region, 2018-2027 (USD Million)
1.2.2. Executive Suites Market, by Type, 2018-2027 (USD Million)
1.2.3. Executive Suites Market, by Application, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Executive Suites Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Executive Suites Market Dynamics
3.1. Executive Suites Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Executive Suites Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Executive Suites Market, by Type
5.1. Market Snapshot
5.2. Global Executive Suites Market by Type, Performance – Potential Analysis
5.3. Global Executive Suites Market Estimates & Forecasts by Type 2017-2027 (USD Million)
5.4. Executive Suites Market, Sub Segment Analysis
5.4.1. Flexible Lease
5.4.2. Long Lease
Chapter 6. Global Executive Suites Market, by Application
6.1. Market Snapshot
6.2. Global Executive Suites Market by Application, Performance – Potential Analysis
6.3. Global Executive Suites Market Estimates & Forecasts by Application 2017-2027 (USD Million)
6.4. Executive Suites Market, Sub Segment Analysis
6.4.1. Start-up
6.4.2. Small Business
Chapter 7. Global Executive Suites Market, Regional Analysis
7.1. Executive Suites Market, Regional Market Snapshot
7.2. North America Executive Suites Market
7.2.1. U.S. Executive Suites Market
7.2.1.1. Type breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Executive Suites Market
7.3. Europe Executive Suites Market Snapshot
7.3.1. U.K. Executive Suites Market
7.3.2. Germany Executive Suites Market
7.3.3. France Executive Suites Market
7.3.4. Spain Executive Suites Market
7.3.5. Italy Executive Suites Market
7.3.6. Rest of Europe Executive Suites Market
7.4. Asia-Pacific Executive Suites Market Snapshot
7.4.1. China Executive Suites Market
7.4.2. India Executive Suites Market
7.4.3. Japan Executive Suites Market
7.4.4. Australia Executive Suites Market
7.4.5. South Korea Executive Suites Market
7.4.6. Rest of Asia Pacific Executive Suites Market
7.5. Latin America Executive Suites Market Snapshot
7.5.1. Brazil Executive Suites Market
7.5.2. Mexico Executive Suites Market
7.6. Rest of The World Executive Suites Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Allwork.Space
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Regus
8.2.3. Premier workspaces
8.2.4. Servcorp
8.2.5. Instant Offices
8.2.6. AltF Coworking
8.2.7. Gorilla Property Solutions
8.2.8. Orega Management Ltd.
8.2.9. Clockwise Offices
8.2.10. Heritage Office Suite
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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