Global Mobile Homes Market 2017-2021

Overview of the global mobile homes market

Research analysis on the global mobile homes market identifies that the high cost associated with conventional house construction will be one of the major factors that will have a positive impact on the market’s growth in the coming years. The cost of site-built houses has been growing faster than the income growth for most sections of the society. This is encouraging new buyers to invest in mobile homes as a permanent housing solution. Additionally, the growth in seasonal tourism will also lead to the demand for low-cost mobile homes. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 8% by 2021.

The growing number of retirement home parks/ estates will be one of the latest trends that will gain traction in the mobile homes market during the next four years. The increase in demand for mobile homes from retirees is inducing several mobile park and vacation park operators to convert these parks to exclusive retirement home communities. Owing to factors such as the improved comfort they provide, the high prices of houses, and insufficient savings, several retirees prefer low-cost mobile homes to manage their funds and save money for healthcare services.

Competitive landscape and key vendors

The market is characterized by the presence of few large and small-scale vendors and appears to be highly competitive. The vendors offer multiple manufactured housing products and financial services and are even focusing on contract building construction. The large companies are operating their own mobile home estates or parks, which provides land on lease for installation of mobile homes.

The leading vendors in the market are -

• Clayton
• Cavco Industries
• CHAMPION HOME BUILDERS
• Skyline
• Sunshine Homes

The other prominent vendors in the market are American Homestar, Eastcoast Homes & Park Cabins, Kent Homes, Kit HomeBuilders West, Lissett Homes, Live Oak Homes, Omar Park Homes, Pathfinder Homes, PHPLH, ScotBilt Homes, SHELTER, Tingdene Homes, and Parkwood Modular Buildings

Segmentation by product and analysis of the mobile homes market

• Multi-section homes
• Single-section homes

During 2016, the multi-section homes market segment accounted for the major shares of this market. Mobile homes are affected by the scales of economy and larger multi-section homes are economically cheaper for manufacturers to construct than single-section homes. The rising preference for bigger homes from the young generation in the suburbs will be a major growth driver for this market segment during the forecast period.

Geographical segmentation and analysis of the mobile homes market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The US is the major market for mobile homes and it has been noted that mobile homes accounted for about 7% of all new residential units built in the country during 2016. With the introduction of affordable housing initiatives by the government, Canada will also witness a rise in the construction of mobile homes.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global mobile homes market?
• What are the key market trends impacting the growth of the global mobile homes market?
• What are the challenges to market growth?
• Who are the key vendors in the global mobile homes market?
• What are the market opportunities and threats faced by the vendors in the global mobile homes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global mobile homes market? 

Technavio also offers customization on reports based on specific client requirement.

A mobile home is an assembled structure which is built in a factory on a permanently attached chassis before being transported to the site. Technavio’s reports for the construction industry overlay a wide range of product markets including unit operations. In addition to providing information on a varied range of parameters including the shift in customer behavior and several aspects driving the market growth, Technavio’s reports also include a detailed insight of the prominent vendors, their latest products and services, market size, and the competitive scenario.

By considering a combination of quantitative and qualitative research methods and by covering multiple factors including the rising demand for an array of products across the globe, research analysts at Technavio predict the heavy industry’s growth prospects, which will support clients develop effective business strategies. This upcoming market research report on the global mobile home market for the assessment period of 2017 to 2021 projects insights derived from the data collected from several reliable sources of information such as channel partners, key stakeholders, manufacturers, and various regulatory bodies. Technavio also presents customized reports based on clients’ specifications.

This upcoming industry research report on the global mobile home market also considers the growth of related markets such as outdoor flooring, which is expected to grow at a CAGR of close to 7% by 2021. The upcoming industry research report for the global mobile home market also identifies the prominent market drivers and major trends coupled with the major challenges currently experienced by vendors in the heavy industry sector.