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


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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).
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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.
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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.
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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.
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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.  
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What our reports offer:
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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
Page number
Base year
Forecast period
Growth momentum & CAGR
Accelerate at a CAGR of 4.45%
Market growth 2022-2026
$ 3.57 billion
Market structure
YoY growth (%)
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.
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
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