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

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR40810

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The tiny homes market size has the potential to grow by USD 3.33 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.31%. 

This report provides a detailed analysis of the market by product (mobile tiny homes and stationary tiny homes), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

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.

 

The tiny homes market is fragmented and the vendors are deploying growth strategies such as promoting their product offerings through a clear and unique value proposition to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the fact that it is affordable by a mass section of the population to achieve growth opportunities. However, factors such as the increasing number of residential buildings will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the tiny homes market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This tiny homes market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Tiny Homes Market: Key Drivers and Trends

  • Tiny homes are the most affordable housing systems and are preferred by millennials.
  • The high cost of conventional homes is influencing the preference for tiny homes among consumers.
  • The rising cost of living, coupled with spurring interest on home loans, has prompted consumers to opt for affordable housing.
  • With the growing competition and customer demand for innovative products, vendors are increasingly focusing on improving their research and development operations.
  • The growing customer expenditure on cost-efficient homes will subsequently enable the tiny homes market growth during the forecast period.
  • Tiny homes manufacturers are mainly focusing on building homes that reduce the environmental impact of owners.
  • Tiny homes are highly energy-efficient, and most of these homes are solar-powered.
  • These homes require a significantly smaller number of electronic components and fixtures than conventional homes.
  • Manufacturers also spray a clear coating of metallic oxide on the windows to control the temperature of these homes.
  • With the increasing preference for environmentally efficient homes, one of the critical tiny homes market trends, the popularity of tiny homes will increase further.

 

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Tiny Homes Market: Segmentation by Geography

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58% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for tiny homes in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The rise in housing prices and consumer interest in investing in pre-built or custom-built homes will facilitate the tiny homes market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Tiny Homes Market: Segmentation by Product

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Mobile tiny homes are critical in the affordable housing market in some countries. The demand for these homes is expected to grow considerably in the next five years with the increase in the cost of conventional houses in most countries. The inability of the youth to afford conventional homes and the need to optimize savings among retired individuals are the main drivers for the demand for mobile tiny homes globally.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the tiny homes market size.

 

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Tiny Homes Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive tiny homes market growth during the next five years
  • Precise estimation of the tiny homes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tiny homes industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tiny homes market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The tiny homes market growth will increase by $3333.25 million during 2020-2025.
The tiny homes market is expected to grow at a CAGR of 4.31% during 2020-2025.
Technavio has segmented the tiny homes market by product (Mobile tiny homes and Stationary tiny homes) and geographic (North America, Europe, APAC, South America, and MEA).
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. are a few of the key vendors in the tiny homes market.
North America will register the highest growth rate of 57.77% among the other regions. Therefore, the tiny homes market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • UK
  • Germany
  • France
The key factors driving the tiny homes market growth are:
  • Affordable by mass section of population
The tiny homes market vendors should focus on grabbing business opportunities from the mobile tiny homes segment as it accounted for the largest market share in the base year.
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