Market Size of Germany Student Accommodation Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 5.06 Billion |
Market Size (2029) | USD 6.72 Billion |
CAGR (2024 - 2029) | 5.45 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Germany Student Accommodation Market Analysis
The Germany Student Accommodation Market size is estimated at USD 5.06 billion in 2024, and is expected to reach USD 6.72 billion by 2029, growing at a CAGR of 5.45% during the forecast period (2024-2029).
Over the years, international students studying in Germany have observed a continuous increase in international and domestic terms. More than 350K international students attended a German higher education institution during this current year academic year, an 8% increase from the previous year and a new record. Countries with the highest share of the inflow of their students to Germany are India, China, Russia, Austria, Syria, and Iran. The share of part-time students at the tertiary level in Germany was high compared to the previous year, It shows that large share of students in Germany attending regular education, which plays a major part in student accommodation market demand. Germany is a country spending a large share of its GDP (4.6%) in 2022 on education, leading to better institutions at the secondary and tertiary levels. The country also encourages more students to choose Germany for their education.
With the advent of Covid 19, the student accommodation market in Germany and Europe observed a fall in revenue and increased operating costs, with students returning to their homes. It leads to a halt in pipeline projects to expand student accommodations. As the covid cases started reducing, persistent fear among students of the virus spread led student accommodation providers to develop strategies for operating post-lockdown.
As the impact of Covid 19 reduced with mass vaccination programs, students are returning to their colleges, leading to a revival of business for student accommodation providers. With 18 million students enrolled for tertiary education during 2020, of which 60% enrolled in bachelor's degrees, the covid-19 revival is creating business opportunities in the student accommodation market in Germany, with students demanding more hygienic and clean stay.
Germany Student Accommodation Industry Segmentation
Residential space designated specifically for housing students is referred to as student accommodation. The study tracks the key market parameters, underlying growth influencers, and student accommodation service providers operating in the industry. It supports market estimations and growth rates over the forecast period. The study also tracks the revenue accrued from the student accommodation market in Germany. The Germany Student accommodation market is segmented by accommodation type (halls of residence, rented houses or rooms, and private student accommodation), location (city center and periphery), price (economy, mid-range, and luxury), rent type (basic rent and total rent), mode (online and offline). The report Offers Market size and forecast for the Germany Students Accommodation Market in volume and value (USD) for all the above segments.
By Accomodation Type | |
Halls of Residence | |
Rented Houses or Rooms | |
Private Student Accomodation |
By location | |
City Centre | |
Periphery |
By Price | |
Economy | |
Mid-Range | |
luxury |
By Rent Type | |
Basic Rent | |
Total Rent |
By Mode | |
Online | |
Offline |
Germany Student Accommodation Market Size Summary
The Germany student accommodation market is poised for significant growth, driven by an increasing influx of international students and a robust domestic student population. The country's commitment to education, with substantial GDP investment, has led to the establishment of high-quality institutions that attract students from around the globe, particularly from countries like India, China, and Russia. The demand for student accommodation is further bolstered by the popularity of cities such as Munich, Berlin, and Frankfurt, which offer top-ranked universities and diverse living experiences. Despite the challenges posed by the COVID-19 pandemic, including revenue declines and operational hurdles, the market has shown resilience and is on a recovery path as students return to campuses, seeking hygienic and well-maintained living spaces.
The competitive landscape of the student accommodation market in Germany is marked by the presence of various providers like UniAcco, University Living, and Amber Students, who are vying for market share through strategic expansions and acquisitions. The market dynamics are influenced by factors such as city-specific living costs and the availability of free or low-cost education, which makes Germany an attractive destination for students. The ongoing growth in international student enrollment, coupled with the country's favorable educational policies, is expected to sustain the demand for student accommodation, making it a lucrative sector for investment and development in the coming years.
Germany Student Accommodation Market Size - Table of Contents
-
1. MARKET DYNAMICS AND INSIGHTS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Industry Value Chain Analysis
-
1.5 Industry Attractiveness - Porter's Five Forces Analysis
-
1.5.1 Bargaining Power of Suppliers
-
1.5.2 Bargaining Power of Buyers
-
1.5.3 Threat of New Entrants
-
1.5.4 Threat of Substitutes
-
1.5.5 Intensity of Competitive Rivalry
-
-
1.6 Insights of Technology Innovations in the Market
-
1.7 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Accomodation Type
-
2.1.1 Halls of Residence
-
2.1.2 Rented Houses or Rooms
-
2.1.3 Private Student Accomodation
-
-
2.2 By location
-
2.2.1 City Centre
-
2.2.2 Periphery
-
-
2.3 By Price
-
2.3.1 Economy
-
2.3.2 Mid-Range
-
2.3.3 luxury
-
-
2.4 By Rent Type
-
2.4.1 Basic Rent
-
2.4.2 Total Rent
-
-
2.5 By Mode
-
2.5.1 Online
-
2.5.2 Offline
-
-
Germany Student Accommodation Market Size FAQs
How big is the Germany Student Accommodation Market?
The Germany Student Accommodation Market size is expected to reach USD 5.06 billion in 2024 and grow at a CAGR of 5.45% to reach USD 6.72 billion by 2029.
What is the current Germany Student Accommodation Market size?
In 2024, the Germany Student Accommodation Market size is expected to reach USD 5.06 billion.