The Foldable Houses Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Foldable Houses Global Market Report 2024, The foldable houses market size has grown rapidly in recent years. It will grow from $7.82 billion in 2023 to $8.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to space efficiency, portable and modular design trends, emergency and disaster relief applications, sustainability and eco-friendly practices, affordable housing solution.
The foldable houses market size is expected to see strong growth in the next few years. It will grow to $12.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to smart and IoT integration, customization and design options, urbanization and compact living trends, off-grid and sustainable living, collaborations and partnerships. Major trends in the forecast period include sustainable construction materials, customization and personalization, smart home integration, affordability and cost-efficiency, regulatory support and standards.
The rising cost of traditional housing is expected to boost the growth of the foldable house market going forward. Traditional homes refer to homes that exhibit the societal norms and cultural values of a particular area or society. Foldable homes are a good substitute for traditional homes since they are inexpensive, high quality, energy-efficient, sound-proof, and damage-resistant. Hence, the rising cost of traditional housing will create the demand of foldable houses for those we cannot afford traditional housing. For instance, according to a report published by Harvard Joint Center for Housing Studies, a US-based center that improves knowledge of housing issues and informs policy, in 2021, the price of homes increased by a significant 10.2 % in the 12 months leading up to October 2020 where in only one month, October, the price jumped by 1.5 % further, for an annual rate of an even greater 18 %. Therefore, the rising cost of traditional housing is driving the growth of the foldable houses market.
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The foldable houses market covered in this report is segmented –
1) By Construction Type: Single Section, Multi-Section
2) By Architecture Type: Slope Roof, Flat Roof
3) By End-User: Single Family, Multi-Family
Major companies in the foldable house market are focused on developing affordable housing solutions, such as compact housing units, for diverse applications and maximizing their profits in the market. A compact housing unit is a small, efficiently designed living space that typically maximizes functionality within a limited square footage. For instance, in December 2022, Vika Living, a US-based provider of high-quality, semi-permanent housing, launched Vika One, a prefabricated compact house that is also foldable and can be set up in an hour for under $40,000. The prefabricated dwelling offers 144 sq ft of living space, including a shared area with a bed, table, chairs, kitchen, and bathroom. Fully furnished, the unit comes with HVAC, water, power, and waste systems. An off-grid version with solar panels is also available.
The foldable houses market report table of contents includes:
1. Executive Summary
2.Foldable Houses Market Characteristics
3.Foldable Houses Market Trends And Strategies
4.Foldable Houses market analysis
5.Foldable Houses Market Size And Growth
6.Foldable Houses Segmentation
7.Foldable Houses Regional And Country Analysis
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27.Foldable Houses Competitive Landscape And Company Profiles
28.Foldable Houses Key Mergers And Acquisitions
29.Foldable Houses Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Champion Home Builders Inc.
- Brette Haus Inc.
- Skyline Champion Corporation
- Clayton Homes Inc.
- Cavco Industries Inc.
- Live Oak Homes Inc
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