Manufactured housing is a type of prefabricated housing assembled in factories and transported to sites of use. Manufactured housing is that in which various units are partially or completely assembled at factories or offosite before they are transported to designated plot. Growing preference for manufactured homes as compared to traditional homes owing to its low construction cost per square foot and increase in the need for affordable housing has boosted the demand for the manufactured housing market during the forecast period.
MARKET SCOPE
The "Global Manufactured Housing Market Analysis to 2028" is a specialized and inodepth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Manufactured Housing market with detailed market segmentation by type, construction, endouser, and geography. The report provides key statistics on the market status of the leading Manufactured Housing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type the market is segmented as mobile home, modular home, panelized home, precut home.
- On the basis of construction the market is segmented as single section, multiple section.
- On the basis of endouser the market is segmented as residential, commercial.
Drivers
- Growing price of raw materials and commodities, which results in high construction cost of buildings is influencing the demand for Manufactured Housing across the globe.
- The growing demand for an alternative for the costly siteobuilt homes fuels the demand for Manufactured Housing worldwide.
- Low perceived resale value and low awareness may hamper the development of the Manufactured Housing market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The Manufactured Housing market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Manufactured Housing market in these regions.
IMPACT OF COVID-19 ON MANUFACTURED HOUSING MARKET
The outbreak of the COVID-19 has severely impacted the manufacturing, and construction industries, which resulted in lower product sales in the year 2020. The Manufactured Housing market players struggled to gain profits by selling their products worldwide. Further, the shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and declined the sales for specific periods. However, in the beginning of the 2021 market normalized the sale volume with an increase in construction and manufacturing activities. The rising demand for energyoefficient, safe, affordable, quality, appreciation in value, and warranty of overall construction is expected to augment the demand for Manufactured Housing market in the post pandemic era.
MARKET PLAYERS
The report covers key developments in the Manufactured Housing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as power launches, power approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Manufactured Housing market are anticipated to lucrative growth opportunities in the future with the rising demand for Manufactured Housing in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Manufactured Housing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adria Mobilehome
- Cavco Industries, Inc.
- Champion Home Builders,Inc.
- Chief Industries, Inc.
- Clayton Homes
- Deltec Homes
- HUF HAUS GmbH u. Co. KG
- Nobility Homes, Inc.
- Sekisui House
- Skyline Homes