Overview and Scope
A temporary shelter is a temporary structure that protects a person experiencing homelessness. Temporary shelters help homeless to build their way back to a normal life. Many of these shelters are site and consumer-specific which creates a customized way of living.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The temporary shelters market report table of contents includes:
1. Executive Summary
- Temporary Shelters Market Characteristics
- Temporary Shelters Market Trends And Strategies
- Temporary Shelters Market – Macro Economic Scenario
- Global Temporary Shelters Market Size and Growth
- Temporary Shelters Market Segmentation
- Temporary Shelters Market Regional And Country Analysis
…………
- Key Mergers And Acquisitions In The Temporary Shelters Market
- Temporary Shelters Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Temporary Shelters Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Temporary Shelters Market, Segmentation By Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Temporary Shelters Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 74: The American Red Cross Financial Performance
Table 75: The Salvation Army Financial Performance
Table 76: UNICEF Financial Performance
Table 77: The Emergency Food and Shelter Program Financial Performance
Table 78: ShelterBox Trust Financial Performance
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