A foldable house refers a mix of modular and penalized construction in a shipping container with dimensions of 52 feet in length, 52 feet in width, and 40 feet in height. Foldable house is high-quality, affordable, energy-efficient, sound-resistant, and resistant to damage.
Sizing and Forecast
The foldable houses market size has grown rapidly in recent years. It will grow from $7.82 billion in 2023 to $8.62 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to space efficiency, portable and modular design trends, emergency and disaster relief applications, sustainability and eco-friendly practices, affordable housing solution.
The foldable houses market size is expected to see strong growth in the next few years. It will grow to $12.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to smart and IoT integration, customization and design options, urbanization and compact living trends, off-grid and sustainable living, collaborations and partnerships. Major trends in the forecast period include sustainable construction materials, customization and personalization, smart home integration, affordability and cost-efficiency, regulatory support and standards.
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Segmentation & Regional Insights
The foldable houses market covered in this report is segmented –
1) By Construction Type: Single Section, Multi-Section
2) By Architecture Type: Slope Roof, Flat Roof
3) By End-User: Single Family, Multi-Family
North America was the largest region in the foldable house market in 2023. The regions covered in the foldable houses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising cost of traditional housing is expected to boost the growth of the foldable house market going forward. Traditional homes refer to homes that exhibit the societal norms and cultural values of a particular area or society. Foldable homes are a good substitute for traditional homes since they are inexpensive, high quality, energy-efficient, sound-proof, and damage-resistant. Hence, the rising cost of traditional housing will create the demand of foldable houses for those we cannot afford traditional housing. For instance, according to a report published by Harvard Joint Center for Housing Studies, a US-based center that improves knowledge of housing issues and informs policy, in 2021, the price of homes increased by a significant 10.2 % in the 12 months leading up to October 2020 where in only one month, October, the price jumped by 1.5 % further, for an annual rate of an even greater 18 %. Therefore, the rising cost of traditional housing is driving the growth of the foldable houses market.
Key Industry Players
Major companies operating in the foldable houses market report are Champion Home Builders Inc., Brette Haus Inc., Skyline Champion Corporation, Clayton Homes Inc., Cavco Industries Inc., Live Oak Homes Inc., Legacy Housing Corporation, Henan K-Home Steel Structure Co. Ltd., Karmod Prefabricated Technologies, Southern Energy Homes Inc., Palm Harbor Homes Inc., Oak Creek Homes Inc., Easi-Set Worldwide, Vanguard Commercial Prefab Modular Building Company, Titan Factory Direct Homes, CID Associates Inc., Giles Industries Inc., Boxabl Inc., Rohe Homes Ltd., Spark Business Group Pty Ltd., Guangzhou Moneybox Steel Structure Engineering Co.Ltd, Weizhengheng Modular House Co. Ltd., Hebei Weizhengheng Modular House Technology Co. Ltd., Platinum Homes Inc., A-FOLD Houses Inc., MADI Homes Inc., DongGuan Vanhe Modular House Limited, Foshan Isun Decoration Material Co. Ltd., Modular Engineering, TRU Home Builders
The foldable houses market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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