What Insights Are Offered Into the Dormitories Market Size and Growth Rates?
The dormitories market size has shown rapid growth in recent years, rising from $14.71 billion in 2024 to an expected $16.38 billion in 2025, representing a compound annual growth rate (CAGR) of 11.4%. Factors such as educational enrollment trends, urbanization and campus development, international student mobility, affordability of student housing, and government and institutional investments have contributed to the historic period’s growth.
The market is predicted to further expand to $25.13 billion by 2029, demonstrating a CAGR of 11.3%. Progress in this forecast period is attributable to changing education delivery models, sustainability and green campus initiatives, student well-being and amenities, public-private partnerships, and global educational hub development.
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What Factors are Contributing to the Growth of the Dormitories Market?
An increasing student population is a significant driver for the dormitories market. The affordability, proximity to campuses, and opportunities to live in a diverse and social environment make dormitories an attractive housing option for many students. The increasing number of individuals achieving secondary education and the rising overall student enrollment further propels the growth of this market.
What Are the Key Segments Within the Global Dormitories Market?
The market segmentations in this report include-
1) By Type: Rooming and Boarding Houses, College Housing
2) By Service Type: PBSA, Private Rented Sector, University Accommodation, Other Services
3) By Application: Freshman, Sophomore, Junior, Senior, 5Th Year or Later, Graduate Student
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Which Key Players Are Operating in the Dormitories Market?
Prominent players in the dormitories market include Campus Living Villages, American Campus Communities, UNITE Group, Greystar Real Estate Partners, The Scion Group, Student Castle, Axiom Education, ResLife, Nido Student, The Student Housing Company, Collegiate AC, Rize, Xenia Residential, Hines, Thrive Living, Prime Student Living, EdR Trust, Campus Apartments, Landmark Properties, SMC Student Housing, Yugo, The Boulevard, Core Spaces, C3S, Urban Student Life, Housing Trust Group, RISE Residential, Oakwood Worldwide, Bonaventure.
What Trends are Emerging in the Dormitories Market?
Product innovations remain a rising trend in the dormitories market. Companies have been increasingly embracing new technologies to enhance student housing solutions and maintain their market positioning. An example of this is Rently Inc.’s multifunctional property technology platform which includes smart home technologies that increase the security and convenience of dormitory living.
Which Region Dominates the Global Dormitories Market?
North America was the largest region in the dormitories market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Dormitories Market Report 2025 Offer?
The Dormitories Market research report – including data on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities – defines ‘dormitory’ as a large residential facility offering accommodation services to groups of people, such as students or workers. Often located on or near college and university campuses, dormitories provide affordable housing options.
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