Tiny Homes Market size to grow by USD 3.33 billion | Market Research Insights highlight the affordability by the mass section of the population as Key Driver | Technavio

NEW YORK, Jan. 18, 2022 /PRNewswire/ -- According to the market report "Tiny Homes Market by Product and Geography - Forecast and Analysis 2021-2025", the market will witness a YOY growth of 2.78% in 2021 at a CAGR of 4% during the forecast period. The report is segmented by product (mobile tiny homes and stationary tiny homes) and geography (North America, Europe, APAC, South America, and MEA).

Attractive Opportunities in Tiny Homes Market by Product and Geography - Forecast and Analysis 2021-2025

For more insights on YOY and CAGR, Read our FREE Sample Report

Vendor Insights 
The tiny homes market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

Vendors are being compelled to use various growth methods such as promotional activities and advertising to increase the visibility of their services as the market becomes more competitive. To stay competitive in the industry, some suppliers are pursuing inorganic growth tactics such as mergers and acquisitions.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Cavco Industries Inc.
  • CMH Services Inc.
  • Handcrafted Movement
  • Heirloom Inc.
  • Humble Hand Craft
  • Oregon Cottage Co.
  • Skyline Champion Corp.
  • Tiny Home Builders
  • Tiny SMART House Inc.
  • Tumbleweed Tiny House Co.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 
North America will provide maximum growth opportunities in tiny homes during the forecast period. According to our research report, the region will contribute to 58% of the global market growth and is expected to dominate the market through 2025. North America will generate growth across all the years of the forecast period. The year-on-year growth is estimated at 2.78% during this period.

Because of reasons such as rising property prices and consumer interest in pre-built or custom-built homes, North America dominated the worldwide tiny homes market in 2020. Tiny house construction has increased steadily in North American countries such as the United States and Canada in recent years. The rise in housing expenses, along with a growing desire to live in compact, movable dwellings, has boosted demand for tiny homes, particularly those on wheels. Furthermore, in the United States, the presence of a significant population of millennials, as well as a surge in high-net-worth people (HNWIs) and ultra-net-worth individuals (UHNWIs), has fueled demand for custom-built tiny homes.

Furthermore, countries such as the US, Canada, UK, Germany, and France are expected to emerge as prominent markets for tiny homes during the forecast period. 

Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/tiny-homes-market-industry-analysis 

Key Segment Analysis
The tiny homes market share growth by the mobile tiny home segment will be significant during the forecast period. The demands for transportable tiny homes have skyrocketed in the last few years. These homes have permanently attached chassis and are fabricated and assembled in a facility before being transported to the desired location on wheels or trucks. In some nations, mobile tiny dwellings are essential in the affordable housing market. With the rising cost of traditional residences in most nations, demand for these dwellings is likely to climb significantly in the next five years. The difficulty of young people to buy traditional residences, as well as the need for retired people to maximize their savings, are the primary drivers of demand for transportable tiny homes around the world.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Drivers & Trends: 
The affordable by mass section of the population is notably driving the tiny homes market growth. Tiny houses are widely regarded as the most cost-effective housing option, particularly among millennials. Tiny homes are a fraction of the cost of regular residences and can be customized to meet the needs of consumers. These homes can be acquired for a fraction of the cost of traditional site-built residences. The high expense of constructing a traditional home puts a strain on the buyer's finances. As a result, the high cost of traditional homes incentivizes buyers to choose tiny homes, which serves as a major growth driver for the market.

Another key element driving small home market share growth is the growing demand for personalization. Vendors must focus on techniques such as speedier delivery, mass customization, and personalization due to the rapid expansion of tiny dwellings and increased market competitiveness. The demand for custom-built tiny homes is expanding as buyers become more aware of the availability of small, affordable homes in a variety of sizes, designs, and structures.

Download a free sample for highlights on market Drivers & 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.  

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now! 

Related Reports: 

Kitchen Sinks Market by End-user and Geography - Forecast and Analysis 2021-2025

Household Cleaning Tools and Supplies Market by Product and Geography - Forecast and Analysis 2021-2025

Tiny Homes Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 3.33 billion

Market structure

Fragmented

YoY growth (%)

2.78

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 58%

Key consumer countries

US, Canada, UK, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Cavco Industries Inc., CMH Services Inc., Handcrafted Movement, Heirloom Inc., Humble Hand Craft, Oregon Cottage Co., Skyline Champion Corp., 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us: 
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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: media@technavio.com 
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/tiny-homes-market-size-to-grow-by-usd-3-33-billion--market-research-insights-highlight-the-affordability-by-the-mass-section-of-the-population-as-key-driver--technavio-301462052.html

SOURCE Technavio

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.