Positioning

Global Tiny Homes Market Size to Grow by USD 3.57 Billion | Industry Trends and Forecast to 2026 – PR Newswire

future-dyanmics

Searching for your content…
In-Language News
Contact Us
888-776-0942
from 8 AM – 10 PM ET
News provided by
May 31, 2022, 20:20 ET
Share this article
NEW YORK, May 31, 2022 /PRNewswire/ — The Tiny Homes Market value is set to grow by USD 3.57 billion, progressing at a CAGR of 4.45% from 2021 to 2026, as per the latest report by Technavio. The market is segmented by product (mobile tiny homes and stationary tiny homes) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Download Sample Report to uncover new strategies to make the most of future growth opportunities.
Tiny Homes Market: Segmentation by Product
The tiny homes market share growth by the mobile tiny homes segment will be significant during the forecast period. Mobile tiny homes are critical in the affordable housing market in some countries. The demand for these homes is expected to grow considerably in the next five years with the increase in the cost of conventional houses in most countries. The inability of the youth to afford conventional homes and the need to optimize savings among retired individuals are the main drivers for the demand for mobile tiny homes globally. 
Tiny Homes Market: Segmentation by Geography
59% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for tiny homes in North America. Market growth in this region will be faster than the growth of the market in the European, MEA and South American regions. The rise in housing prices and consumer interest in investing in pre-built or custom-built homes will facilitate the tiny homes market growth in North America over the forecast period.
Purchase Our Report for more insights on the market share & contribution of various regions & segments
Companies Covered:
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The tiny homes market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to retain their existing market shares and seize new market opportunities to compete in the market.
Download Our Report for more vendor insights with product offerings & news
The Report also Covers the Following Areas:
Key Market Driver:
One of the key factors driving growth in the tiny homes market is its affordability by the mass section of the population. Tiny homes are recognized as the most affordable housing system, preferred especially by millennials. Tiny homes are just a fraction of the price of traditional homes and can be designed based on customers’ requirements. These homes can be purchased at a comparatively lower price than conventional site-built homes. The average price of a tiny home ranges from $10,000 to $30,000. Any price variation can be attributed to factors such as design and structure. The high cost of constructing a conventional home exerts financial strains on the buyer. Hence, the high cost of these conventional homes significantly compels consumers to opt for these tiny homes, thereby acting as a major driver for market growth.
Key Market Challenge:
The limited demand from developing economies will be a major challenge for the tiny homes market during the forecast period. Tiny homes have a high demand in developed economies such as the US, while the adoption and purchase of such homes are limited in developing economies. People in developing countries have limited knowledge and awareness about the availability of such homes and prefer to buy conventional homes. The lack of presence of major vendors, coupled with the low preference of consumers to purchase such homes, acts as a major challenge for the market. Vendors find it difficult to penetrate the developing markets of APAC and Eastern Europe due to the limited knowledge about product offerings and technologies. In APAC, China and Japan have the potential to become prominent markets for such homes, as both these countries have suitable demographics. However, in other developing nations, the lack of well-established infrastructure and limited awareness restrict the growth of the global tiny homes market.
Download sample for highlights on market Drivers, Trends, & Challenges affecting the Tiny Homes Market
Customize Your Report 
Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.  
Speak to our Analyst now! to take full advantage of every opportunity using competitive analysis created just for you.
What our reports offer:
Related Reports:
Kitchen Sinks Market by End-user and Geography – Forecast and Analysis 2022-2026: The predicted growth for the kitchen sinks market share from 2021 to 2026 is USD 533.96 million at a progressing CAGR of 3.37%. To get more exclusive research insights: Download Our Sample Report
DIY Tools Market: This market research report identifies suppliers like Makita, Robert Bosch, Stanley Black & Decker, and Techtronic to be the key vendors in the global DIY tools market. To get more exclusive research insights: Download Our Sample Report
Tiny Homes Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 4.45%
Market growth 2022-2026
$ 3.57 billion
Market structure
Fragmented
YoY growth (%)
3.88
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 59%
Key consumer countries
US, Canada, UK, Germany, and France
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
American Tiny House, Aussie Tiny Houses, BAAHOUSE and BAASTUDIO PTY LTD., Berkshire Hathaway Inc., Cavco Industries Inc., Designer ECO Tiny Homes, Handcrafted Movement, Heirloom Inc., HONOMOBO, Humble Hand Craft, ICON Technology Inc., La Tiny House, Meka Inc., Mini Mansions Tiny Home Builders LLC, Molecule Tiny Homes, Mustard Seed Tiny Homes LLC, New Frontier Tiny Homes, Oregon Cottage Co., Skyline Champion Corp., Tiny Eco Homes UK Ltd., Tiny Home Builders, Tiny SMART House Inc., and Tumbleweed Tiny House Co.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Cision Distribution 888-776-0942
from 8 AM – 9 PM ET

source

future-dyanmics

Related posts
Positioning

Lining Up: Prime Positioning for Pinto, Vilardi, Schwartz, and Mangiapane - dobberhockey.com

Lining Up: Prime Positioning for Pinto, Vilardi, Schwartz, and…
Read more
Positioning

Editorial: City right to find solutions to bad pole positioning by small cell wireless providers - Tulsa World

Get opinion pieces, letters and editorials sent directly to your inbox weekly!The housing for a 5G…
Read more
Positioning

How to Dynamically Position Your Fixed Income Allocation in the Current Market - Dividend.com

Guide to Dividend.com ›› Not sure where to start? Browse our guide to find the best dividend…
Read more
Newsletter
Join THE PRO PEOPLE Family

Sign up for The Pro People Community's Daily Digest and get the best of Industry updates, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *