The Education Buildings Market Is Expected To Grow At A Rate Of More Than 2%, Driven By The Rising Globalization Of Education - By The Business Research Company
LONDON, Oct. 9, 2023 /PRNewswire/ -- As per The Business Research Company's Education Building Global Market Report 2023, the global education buildings market is poised for substantial growth, with the market size projected to increase from $590.74 billion in 2022 to $613.88 billion in 2023, driven by a robust Compound Annual Growth Rate (CAGR) of 3.9%. This growth trajectory is set to continue, with the market size forecasted to reach $679.80 billion in 2027, maintaining a steady CAGR of 2.6%.
- With a surge in international mobility among students, faculty, and academic programs, educational institutions are rapidly expanding their global presence.
- As education transcends borders, the construction market responds with innovative and internationalized building projects, driving market growth.
- The education buildings market is characterized by a high degree of fragmentation, featuring numerous players operating in the market.
- In 2022, the top ten competitors accounted for just 1.07% of the total education buildings market.