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 share is expected to increase by USD 3.33 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.

This tiny homes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers tiny homes market segmentation by product (mobile tiny homes and stationary tiny homes) and geography (North America, Europe, APAC, South America, and MEA). The tiny homes market report also 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., and Tumbleweed Tiny House Co. among others.

What will the Tiny Homes Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Tiny Homes Market Size for the Forecast Period and Other Important Statistics

 

Tiny Homes Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The affordable by mass section of population is notably driving the tiny homes market growth, although factors such as limited demand from developing economies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tiny homes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tiny Homes Market Driver

One of the key factors driving growth in the tiny homes market is its affordability by the mass section of the population. Tiny homes are recognized as the most affordable housing system, preferred especially by millennials. Tiny homes are just a fraction of the price of traditional homes and can be designed based on customers’ requirements. These homes can be purchased at a comparatively lower price than conventional site-built homes. The average price of a tiny home ranges from $10,000 to $30,000. Any price variation can be attributed to factors such as design and structure. The high cost of constructing a conventional home exerts financial strains on the buyer. Hence, the high cost of these conventional homes significantly compels consumers to opt for these tiny homes, thereby acting as a major driver for market growth.

Key Tiny Homes Market Trend

The growing trend of customization is another major factor supporting the tiny homes market share growth. The rapid evolution of tiny homes and increasing market competition have made it necessary for vendors to focus on strategies such as faster delivery, mass customization, and personalization. Mass customization and personalization have been slowly gaining importance in the global tiny homes market. This is primarily due to the advances in technology, add-on features and equipment, and shape, size, and color of the home. Vendors operating in the global tiny homes market are offering customized homes according to consumers’ preferences. The growing awareness among consumers regarding the availability of small affordable homes of varied sizes, designs, and structures is driving the demand for custom-built tiny homes. Thus, the increasing focus on customized tiny homes according to the activities and requirements of customers is expected to support market growth during the forecast period.

Key Tiny Homes Market Challenge

The limited demand from developing economies will be a major challenge for the tiny homes market during the forecast period. Tiny homes have a high demand in developed economies such as the US, while the adoption and purchase of such homes are limited in developing economies. People in developing countries have limited knowledge and awareness about the availability of such homes and prefer to buy conventional homes. The lack of presence of major vendors, coupled with the low preference of consumers to purchase such homes, acts as a major challenge for the market. Vendors find it difficult to penetrate the developing markets of APAC and Eastern Europe due to the limited knowledge about product offerings and technologies. In APAC, China and Japan have the potential to become prominent markets for such homes, as both these countries have suitable demographics. However, in other developing nations, the lack of well-established infrastructure and limited awareness restrict the growth of the global tiny homes market.

This tiny homes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global tiny homes market as a part of the global homebuilding market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tiny homes market during the forecast period.

Who are the Major Tiny Homes Market Vendors?

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.

 

This statistical study of the tiny homes market encompasses successful business strategies deployed by the key vendors. The tiny homes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Cavco Industries Inc. - The company mass produces attractive and affordable Tiny Homes by partnering with Kim Lewis Tiny Homes.

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.

The tiny homes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Tiny Homes Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the tiny homes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the homebuilding market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Tiny Homes Market?

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58% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for tiny homes in North America. Market growth in this region will be slower than the growth of the market in other regions.

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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 outbreak in 2020 significantly changed the fundamentals of the tiny homes market in North America, including customer behavior, business revenues, and numerous aspects of corporate operations. The homebuilding market witnessed a sharp drop in 2020. Meanwhile, enterprises continued to delay investments in R&D activities to control their expenditures. However, owing to the introduction of vaccines to fight the spread of COVID-19, the situation is expected to improve in 2021 and the coming years.

What are the Revenue-generating Product Segments in the Tiny Homes Market?

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The tiny homes market share growth by the mobile tiny homes segment will be significant during the forecast period. 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.

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

 

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.

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What are the Key Data Covered in this Tiny Homes Market Report?

  • 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Mobile tiny homes - Market size and forecast 2020-2025
    • Stationary tiny homes - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive landscape

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION 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
    Technavio

    TechnavioDATA 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
    Technavio

    TechnavioREPORT WRITING

    Qualitative

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

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    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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