Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.22 Billion | USD 31.97 Billion | 11.04% | 2024 |
FrequentlyAsked Questions
Purpose-built student accommodation which is a long form of PBSA is a kind of housing facility constructed for university students. These real estate properties are in two forms, namely, cluster flats having private kitchens but shared living spaces and another one is modern residence halls comprising bedrooms with dining facilities, shared kitchens, and living units.
The global PBSA market is expected to grow due to Rising demand for biodegradable plastics in packaging and agriculture drives growth. Supportive regulations and sustainability initiatives contribute to market expansion.
According to a study, the global PBSA market size was worth around USD 11.22 Billion in 2024 and is expected to reach USD 31.97 Billion by 2034.
The global PBSA market is expected to grow at a CAGR of 11.04% during the forecast period.
Asia-Pacific is expected to dominate the PBSA market over the forecast period.
Leading players in the global PBSA market include CRM students, Placio, Youthville Serviced Hostels, Uni Acco, Stanza Living, Amber Student, Unite Group, and University Living., among others.
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