Market Size –
The temporary shelters market size has grown strongly in recent years. It will grow from $44.8 billion in 2023 to $47.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increase in natural disasters and emergencies, rise in homelessness and displacement, growth in the construction industry, increase in refugee populations and economic growth.
The temporary shelters market size is expected to see strong growth in the next few years. It will grow to $57.52 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to increase in government funds, growth in the tourism industry, rise in demand for eco-friendly shelters, increase in adoption of modular and prefabricated shelters and emergence of smart and connected temporary shelters. Major trends in the forecast period include growing popularity of tiny homes and micro-shelters, increase in use of technology for design and construction, growing focus on safety and security features, emergence of public-private partnerships and rise in demand for customizable and personalized homes.
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Scope Of Temporary Shelters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Temporary Shelters Market Overview
Market Drivers –
The increase in government funds for temporary housing contributed to the growth of the market. For instance, the federal government of Canada announced plans to give $15 million for temporary housing in Toronto. These funds will be utilized to solve capacity issues at local shelters and respite centers. For instance, In July 2023, according to Canada’s Immigration office, a Canada-based government agency, $212 million in funding into the Interim Housing Assistance Program (IHAP), which will be extended until March 31, 2024.
The temporary shelters market covered in this report is segmented –
1) By Type: Homeless Shelter, Emergency Shelter
2) By Size: Small, Medium, Large
3) By Application: Personnel, Vehicle Mounted, Medical Facility Base, Aircraft Base, Command Post, Other Applications
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Regional Insights –
Western Europe was the largest region in the temporary shelters market in 20232. Asia-Pacific was the second-largest region in the temporary shelters market. The regions covered in the temporary shelters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the temporary shelters market include The American Red Cross, The Salvation Army, UNICEF, The Emergency Food and Shelter Program, ShelterBox Trust, National Alliance to End Homlessness, The National Coalition for the Homeless, Covenant House, The Bowery Mission, The Midnight Mission, The Rescue Mission, The Union Rescue Mission, The City Mission, The Samaritan Inn, The Mustard Seed, The Road Home, The House of Charity, The Open Door Mission, The Denver Rescue Mission, The Nashville Rescue Mission, The Atlanta Mission, The Seattle’s Union Gospel Mission, The Portland Rescue Mission, The San Francisco City Impact, The Los Angeles Mission, The Good Shepherd Center, The St. Vincent de Paul Society, The Catholic Charities, The Homeless Prenatal Program, The Homeless Children’s Education Fund
Table of Contents
1. Executive Summary
2. Temporary Shelters Market Report Structure
3. Temporary Shelters Market Trends And Strategies
4. Temporary Shelters Market – Macro Economic Scenario
5. Temporary Shelters Market Size And Growth
…..
27. Temporary Shelters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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