Tiny Homes Platform Market to Record a YoY Growth Rate of 3.88% – Technavio Identifies North America as Key Market – QNT Press Release


NEW YORK, Sept. 2, 2022 /PRNewswire/ — The global tiny homes market size is forecasted to grow by USD 3.57 billionaccelerating at a CAGR of 4.45% between 2021 and 2026. Technavio segments the market by product (mobile tiny homes and stationary tiny homes) and geography (North America, EuropeAPAC, South Americaand the Middle East and Africa). The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.

Key points covered in the tiny homes market study:
  • Market estimates and forecast 2022-2026
  • Key drivers, trends, and challenges impacting market growth
  • Segment-wise, region-wise, and country-wide analysis
  • Analysis of market share by vendors
  • Key product launches and regulatory climate
  • Post-COVID-19 impact on the market landscape

Get a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Technavio categorizes the global tiny homes market as a part of the homebuilding market within the overall global household durables industry. The global homebuilding market consists of companies engaged in the construction of single-family homes and multi-family homes and home remodeling and renovation.

The market is primarily driven by the affordability by the mass section of the population. Tiny homes cost a fraction of the cost of traditional homes and can be designed based on customers’ requirements. The average price of a tiny home ranges from USD 10,000 to USD 30,000. On the other hand, constructing a conventional is expensive, which compels consumers to opt for tiny homes. These factors are driving the market growth.

The full report provides information on other drivers, trends, and challenges that are impacting the growth of the market. Request a FREE Sample PDF Report

The mobile tiny homes segment is expected to generate maximum revenue in the tiny homes market during the forecast period. The demand for mobile tiny homes is expected to grow significantly in the next five years, with the rise in the cost of conventional homes. The growth of tourism is also expected to increase the revenue of the mobile tiny homes segment during the forecast period.

North America is expected to dominate the tiny homes market with a 59% share during the forecast period. Factors such as the rise in housing prices and consumer interest in investing in pre-built or custom-built homes are driving the growth of the regional market. Market growth in this region will be faster than the growth of the market in other regions. The US and Canada are the key countries for the tiny homes market in North America.

The 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. The market has numerous large, small, and medium-sized manufacturers. Most of the large and established players have extensive sales and distribution networks globally, whereas most small players are concentrated in the regional markets. Vendors compete based on parameters such as price, quality, technology, brand identity, and distribution.

Some of the key players in the tiny homes market include:
  • 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.
  • Tumbleweed Tiny House Co.

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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

USD 3.57 billion

Market structure

Fragmented

YoY growth (%)

3.88

Full story available on Benzinga.com



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