Showing posts with label China Flexible Workspace Market. Show all posts
Showing posts with label China Flexible Workspace Market. Show all posts

Monday, May 11, 2020

China Flexible Workspace Market Eyeing Consolidation, as WeWork takes on Ucommune: Ken Research

The growth in the market will be driven by growth in the IT and Finance sectors as the major occupiers of flexible workspace in China. The IT sector and the Finance sector in China have been growing with a rate of 27.4% and 7.5% respectively in 2019.
      • It is expected that during the forecast period 2019-2025F, the flexible workspace market in Chengdu, Guangzhou, and Hong Kong on the basis of supply will grow with a CAGR of 15.1%, 15.1%, and 14.4% respectively.
      • Emergence of new regional players such as Hi-Coffee in Chengdu and Compass Office and Garage Society in Hong Kong is driving the supply of flexible workspaces in these cities.
      • It is expected in the coming years; companies are going to shift their focus from rental to non-rental revenue streams such as Business Concierge, Accounting, HR, payroll and Task Management services, and others in order to bring profitability and sustainability in business. This is the turn will drive the demand for flexible workspaces by enterprises and MNC's to save costs or provide mobility for staff.
In-Organic Growth: Flexible workspace operators with heavy financial backing have been following the strategy of mergers and acquisitions in order to expand their regional presence. For instance, Ucommune has acquired 6 flexible workspace operators in 2018 and WeWork acquired NakedHub in 2018 because of which it expanded to 23 new locations in China.
Increase in Enterprise Demand: There has been a rise in demand for flexible workspace by enterprises that are looking for customized office solutions on flexible terms. Enterprises are following the 'hub and spoke' model wherein the corporate head office acts as a hub and flexible workspaces act as spokes.
Movement from Asset Heavy to Asset Light Model: Flexible Workspace Operators are shifting focus from the lease model to asset a light model such as joint venture revenue sharing with landlords, franchise model, and management model. Companies such as Ucommune and MyDreamPlus promote the asset-light model and loss-making SOHO 3Q sold 11 asset-heavy locations and plans to expand using the asset-light strategy.
The report titled "China Flexible Workspace Market Outlook to 2025 - Driven by Rising in Co-working Supply and Shift towards Non-Rental Revenue (Concierge, Accounting, HR, payroll and Task Management services)" by Ken Research suggested that the China Flexible Workspace Market has been increasing due to rising business travelers, changing business strategies, growth in finance and IT sector, expansion in tier 2 cities, an increasing number of localized operators, increasing average center size and increasing demand from MNC's and well, known local companies. The market is expected to register a positive CAGR of 13.7% and 15.4% in terms of supply and demand respectively during the forecast period 2019-2025F.
Key Segments Covered: -
By Type of Flexible Workspace
Serviced Spaces
Hybrid Spaces
Co-Working Spaces
By City
Shanghai
Beijing
Shenzhen
Hong Kong
Chengdu
Guangzhou
By End Users
Enterprises
MSME’s/Start-Ups
Entrepreneurs/Freelancers
Key Target Audience
Flexible Workspace Operators
Office Brokers/Aggregators
Commercial Real Estate Companies
Venture Capitalist and PE Firms
Real Estate Consultant
Office Furniture Providers
ICT Providers
Time Period Captured in the Report:
Historical Period – 2016-2019
Forecast Period – 2019-2025
Companies Covered in the Report:
Flexible Workspace Operators
Ucommune
Regus
 WeWork
MyDreamPlus
Distrii
Kr Space
SOHO 3Q
The Executive Centre
People Squared
Compass Office
Servoffice
Atlas Workspace
Key Topics Covered in the Report: -
Need and Pain Points Leading to Emergence of Flexible Workspace Industry in China
Existing Gaps in China Flexible Workspace Market
Value Chain Analysis
Emerging Business Model
Revenue Streams
Organizational Structure of Flexible Workspaces
Marketing Strategies
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019
Competitive Landscape in China Flexible Workspace Market
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F
Success Case Study
Analyst Recommendation
For More Information, Refer to Below Link: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: India

Thursday, February 6, 2020

China Flexible Workspace Market Outlook to 2025: Ken Research

The report titled, “China Flexible Workspace Market Outlook to 2025 – Driven by Rise in Co-working Supply and Shift towards Non-Rental Revenue (Concierge, Accounting, HR, payroll and Task Management services)” provides a comprehensive analysis of the Flexible Workspace Market in China. The Report covers the pain points, the need, Supply and Demand Analysis along with Revenue streams, Value Chain and Key Industry Trends. The report also focuses extensively on the Competition Scenario in the country and concludes with Future Scenario and analyst recommendations highlighting the key opportunities in the future.
China Flexible Workspace Overview and Size
High occupancy cost for Prime Office Space, an Increase in the number of business entities and fluid business strategies led to the emergence of a flexible workspace market in China. Flexible Workspace operators in China have been constantly focusing on inorganic growth through acquisitions of smaller operators and businesses. This trend is slowly changing and there is an increase in focus on sustainability and profitability. The supply in China Flexible Space market has been growing at a double-digit CAGR by space during the period 2016-2019. The market has been growing with the competition being highly fragmented owing to the presence of more than 1500 co-working operators in the industry.
China Flexible Workspace Market Segmentation
By Type of Flexible Workspace (Hybrid or Integrated Spaces, Serviced Spaces and Co-Working Spaces)
China flexible workspace industry is highly fragmented and the presence of small operators have driven the supply of co-working segment whereas serviced spaces and the hybrid model is majorly built by bigger players such as WeWork (Enterprise Solution), Atlas Workspace (Office as a Service) and other players.
By City (Shanghai, Beijing, Shenzhen, Hong Kong, Chengdu, Guangzhou and Rest of China)
Shanghai dominates the China flexible workspace market in terms of overall supply. Beijing, Chengdu, and Guangzhou have been growing at the fastest pace due to the emergence of localized players. Since, the industry is at its nascent stage in Chengdu, Hong Kong and Guangzhou the average occupancy is lower in these cities.
By Type of End Users (Enterprise, MSME’s/Start-Ups and Freelancers / Self Employed)
Changing the workforce and evolving business strategy has resulted in an increase in demand for flexible workspaces. Enterprises are leading the demand for a flexible workspace industry followed by MSME’s/Start-ups and Freelancers/Entrepreneurs. Enterprises are following the ‘hub and spoke’ model wherein the corporate head office acts as a hub and flexible workspaces act as spokes.
Competitive Landscape in China Flexible Workspace Market
Regus, WeWork, MyDreamPlus, District, Kr Space, SOHO 3Q, The Executive Centre, People Squared, Atlas Workspace, Servoffice, Compass Office are few of the major players in the industry. The industry is moving towards market consolidation as players such as Ucommune and WeWork with heavy financial backing are taking over small operators. The companies are shifting their focus from rental to non-rental revenue streams.
China Flexible Workspace Market Future Outlook and Projection
In future, it is anticipated that the China Flexible Workspace industry will experience decreasing supply-demand gap as the demand is expected to grow at a much faster pace in comparison to the supply. Companies will gradually shift focus from regional expansion towards sustainability and profitability. The companies will also increase focus towards improving the occupancy rate of the co-working spaces in the industry. Technological development and the provision of value-added services will drive the demand for flexible workspaces in China.
Key Segments Covered:-
By Type of Flexible Workspace
Serviced Spaces
Hybrid Spaces
Co-Working Spaces
By City
Shanghai
Beijing
Shenzhen
Hong Kong
Chengdu
Guangzhou
By End Users
Enterprises
MSME’s/Start Ups
Entrepreneurs/Freelancers
Key Target Audience
Flexible Workspace Operators
Office Brokers/Aggregators
Commercial Real Estate Companies
Venture Capitalist and PE Firms
Real Estate Consultant
Office Furniture Providers
ICT Providers
Time Period Captured in the Report:
Historical Period – 2016-2019
Forecast Period – 2019-2025
Companies Covered in the Report:
Flexible Workspace Operators
Ucommune
Regus
 WeWork
MyDreamPlus
Distrii
Kr Space
SOHO 3Q
The Executive Centre
People Squared
Compass Office
Servoffice
Atlas Workspace
Key Topics Covered in the Report:-
Need and Pain Points Leading to Emergence of Flexible Workspace Industry in China
Existing Gaps in China Flexible Workspace Market
Value Chain Analysis
Emerging Business Model
Revenue Streams
Organizational Structure of Flexible Workspaces
Marketing Strategies
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2016-2019
Competitive Landscape in China Flexible Workspace Market
Supply-Demand Analysis and Supply-Demand Gap Analysis, 2019-2025F
Success Case Study
Analyst Recommendation
For More Information, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: China

Growth in Demand for Energy-Efficient Solutions Expected to Drive Global Quantum Dot Market: Ken Research

Quantum dots (QD) are tiny particles (nano-crystals) of a semiconducting material with diameters in the range of 2 to 10 nanometers (10-50 atoms). They can be made by various methods, for instance, collidal synthesis, lithography, and epitaxy. They are extensively used in the TV industry owing to increased effective viewing angles and high definition colors. They have the capability to absorb light in order to increase the output of the photovoltaic, photocatalysts, light sensors, and other optoelectronic devices. Hence they are used in solar chambers to produce energy 24 hours a day.
According to the study, “Global Quantum Dot Market 2019 by Manufacturers, Regions, Type, and Application, Forecast to 2024” the key companies operating in the global quantum dot market is Nanosys, Inc., QD VISION, Inc. (Samsung Electronics Co., Ltd.), Nanoco Group, Quantum materials Corp., QD Laser, ALTAIR nanotechnologies Inc., NN-Labs, Invisage (APPLE Inc.), Ocean Nanotech, OSRAM AG, Crystalplex Corporation, Navillum Nanotechnologies, NANOPHOTONICA, Nano Elements Source, LLC, LG Display co., Ltd., UBIQD, INC., The Dow Chemical Company, Fraunhofer-Gesellschaft, Pacific Light Technologies, American Elements, Avantema, Quantum Solutions, Strem Chemicals Inc.
Based on composition and structure, the quantum dot market is segmented into core-shell quantum dots, core-type quantum dots, and alloyed quantum dots. Based on product type, the market is segmented into QD displays, QD medical devices, QD photo-detectors or QD sensors, QD solar cells, QD lighting (LED) solutions, QD lasers, QD transistors, and batteries & energy storage systems. QD display segment is further sub-segmented into QD filters, QD LCDS/QDEFS and self-emitting QD TVs/true QLEDS. The segment includes monitors, smartphones, TV, and others. QD photo-detectors or QD sensors are further sub-segmented into IR/NIR sensors and visible sensors.
Global Quantum Dot Display Market
Based on material, the market is segmented into cadmium-free quantum dots and cadmium-based quantum dots. Cadmium-free QD includes indium, zinc sulfide, silicon, and others. Cadmium-based QD includes cadmium sulfide, cadmium selenide, and cadmium telluride. Based on technology, the market is segmented into fabrication, electrochemical assembly, colloidal synthesis, and viral assembly, bulk manufacturing and Cadmium-free quantum dots (CFQD). Based on application, the market is segmented into quantum optics, renewable energy, healthcare application in biological imaging, optoelectronics and QD based security & surveillance. In addition, based on vertical, the market is segmented into healthcare, consumer, defense, telecommunications, commercial and others (manufacturing, agriculture and automotive).
The quantum dot industry is driven by a rise in display-based electronics, followed by growth in demand for energy-efficient solutions, an increase in TV industry expenditures, rise in launches in introducing new products, more-intense competition, growth in advancements in new technologies, and rise in the adoption of quantum dots display. However, the utilization of heavy metals as raw material and a slow rate of adoption of the technology may impact the market. Moreover, the rise in spending on TV, monitor and the smartphone is a key opportunity for the market.
Based on geography, the North-American region holds the major share in the quantum dot market owing to the rise in awareness regarding health & fitness among the population and early adoption of quantum dots technology in the region. Whereas, the Asian-Pacific and European regions are expected to witness higher growth rate due to the presence of major electronics companies over the forecast period. In upcoming years, it is estimated that the future of the market will be optimistic on account of rising in demand for displays with higher efficiency & enhanced color quality during the forecast period.
To Know More, Click On The Link Below:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India
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