The global PBSA market size was evaluated at $9.1 billion in 2022 and is slated to hit $14.1 billion by the end of 2030 with a CAGR of nearly 10.9% between 2023 and 2030.
The study is an essential resource for understanding the market and its many prospects, threats, and problems. The report on the PBSA market provides a thorough study of the competition landscape in addition to geographical market coverage. Value chain analysis, PESTEL analysis, SWOT analysis, Porter’s five forces analysis, PESTEL analysis, SWOT analysis, and market basket analysis are also included. The PBSA market research report also delves into the investor and stakeholder landscape so that businesses may make more informed choices.
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The PBSA Industry in Context
In its extended form, PBSA refers to a specific type of housing complex designed specifically for college students. Modern residence halls feature suite-style bedrooms, common dining areas, and kitchen and living area kitchenettes, whereas the alternative is cluster apartments with private kitchens but shared living spaces. Demand for PBSA is expected to skyrocket in the future years as the number of students throughout the world continues to climb.
Major Takeaways
• Our research analyst has revealed that the worldwide PBSA market is expected to grow at a CAGR of roughly 10.9% between the years 2023 and 2030.
• The global PBSA market is anticipated to grow from its current valuation of about $9.1 billion in 2022 to $14.1 billion by 2030.
• Since many universities are already providing on-campus housing for their students, the worldwide PBSA market is expected to expand rapidly over the next few years as colleges struggle to keep up with rising demand.
Students are increasingly challenged by the need to integrate with students from other nations in order to increase global market trends.
The global PBSA market is expected to expand in line with the rising demand for student housing, both on and off campus. According to reports, universities are offering their own student housing, and these educational institutions are reportedly struggling to keep up with the rising demand. Since these educational institutions favour private actors in the housing and hotel industry, this has increased the need for PBSA. Investments of over £7.3 billion were recorded in the UK PBSA market, an increase from the £4.2 billion recorded in the same market over the preceding five years. The average rent increase from 2020-2021 to 2022 was about 6.1%.
Investments in the PBSA market are expected to rise as a result of the high potential profits they provide. Increases in taxation and increased regulation have led to a decrease in the number of multi-family dwellings that may legally house students, driving up demand for the student housing market. The growth of the global market will be bolstered by all these factors. The Unite Group Plc, a UK-based student housing developer and operator, sold a PBSA portfolio of around 11 student accommodation facilities with almost 4,500 beds at costs of over £306 million to a division of Loan Star Funds in the first quarter of 2022.
The demand for massive capital investments to destroy the international market has increased dramatically.
The worldwide PBSA market can be slowed by an increase in the number of new entrants, such as offshore investors and discounts provided by the weak currency. The presence of unwilling sellers in the investment market can lead to competitive friction, which in turn can cause obstacles for the expansion of global industry. The growth of global industry may be hampered by rising operational costs.
The global PBSA market is predicted to expand into new territories as a result of rising overall returns on investments and robust rental growth. Sunway RE Capital Private Limited, a major player in the real estate investment and fund management industry, expanded its purpose-built student accommodation (PBSA) line in the first half of 2023 by purchasing Freehold PBSA in the United Kingdom. This change could usher in a period of unprecedented expansion for trade around the world. The global expansion of the market will be influenced in part by the trend of converting empty office space into dormitories.
One significant barrier to the worldwide expansion of the industry is the wide variety in visa and immigration policies that different nations have for international students.
Strict government regulations regarding housing in various nations may be more of a hindrance to the worldwide PBSA industry’s progress than any other factor. Challenges to international expansion may arise from countries’ varying visa and immigration policies for students. For example, in May 2023, due to the tight UK immigration regulations, Indian students may instead choose to study in the United States or France. The global PBSA sector may also face difficulties due to rising building costs and the cost of planning systems.
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The Global PBSA Market is segmented based on product, application and region
Global PBSA Market: Product Segment Analysis
● Biodegradable PBSA
● Compostable PBSA
Global PBSA Market: Application Segment Analysis
● Packaging
● Agriculture
● Others
The PBSA market profiles key players such as:
● CRM students
● Placio
● Youthville Serviced Hostels
● Uni Acco
● Stanza Living
● Amber Student
● Unite Group
● University Living
The European market for PBSAs is expected to grow and eventually become the largest worldwide.
Over the forecast period, Europe’s PBSA market is expected to expand significantly. In 2022, Europe accounted for more than 33% of global PBSA market revenue. An increasing number of Asian students may choose the United Kingdom as their study abroad destination between 2023 and 2030 due to the high level of education offered at universities there. According to estimates, Britain spent about £101 billion on education in 2021–2022, putting it in a commanding position in the global education industry and making it an appealing destination for students from outside. This decision will help the regional market flourish in the next years.
North America is also expected to have the highest CAGR in the PBSA market during the forecast period. Green card and permanent residence regulations in countries like the United States and Canada, as well as favourable legislation regarding student study visas, are likely to impact the development of the regional sector.
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