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Manufactured Housing Market Report and Forecast 2024-2032

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    Report

  • 193 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982125

Market Outlook

According to this report, the manufactured housing market size reached a value of USD 24.42 billion in 2023. Aided by the increasing demand for affordable housing solutions and the growing applications of manufactured homes in various regions, the market is projected to further grow at a CAGR of 5.8% between 2024 and 2032 to reach a value of USD 40.56 billion by 2032.

Manufactured housing, often referred to as mobile homes, involves residential structures that are built in a factory setting and then transported to their final location. These homes are built to the federal building code set by the U.S. Department of Housing and Urban Development (HUD). Manufactured homes offer a cost-effective and time-efficient solution to housing, making them an attractive option for many consumers. Apart from affordability, manufactured homes are also known for their modern design, energy efficiency, and customisability, making them a valuable option in the housing market.

The increasing need for affordable housing solutions is driving the manufactured housing market growth. With rising real estate prices and economic challenges, there has been a significant shift towards more economical housing options, leading to a surge in demand for manufactured homes. Additionally, the growing trend of downsizing and minimalist living has further contributed to the increasing popularity of manufactured homes, as they offer a practical and flexible living solution for individuals and families.

The expanding applications of manufactured homes in various regions also play a significant role in propelling the market. In rural and suburban areas, manufactured homes provide an efficient and sustainable alternative to traditional site-built homes. The ability to place these homes in diverse locations with relative ease and at lower costs is particularly advantageous in regions facing housing shortages and high construction costs. Moreover, the adaptability of manufactured homes to different terrains and climates makes them suitable for a wide range of environments.

Further, the growing awareness of sustainable and energy-efficient housing solutions has led to an increased focus on manufactured homes as a viable option for environmentally conscious consumers. With advancements in building materials and construction techniques, modern manufactured homes are designed to be highly energy-efficient, reducing their environmental impact and offering long-term cost savings to homeowners, consequently driving up the manufactured housing market share.

Manufactured homes are built in a factory setting, which allows for efficient and timely construction. This method eliminates many of the delays associated with on-site construction, such as weather-related interruptions and labour shortages. As a result, manufactured homes can be completed and ready for occupancy much faster than traditional homes, making them an attractive option for those in urgent need of housing.

Advancements in construction technology have greatly improved the quality and durability of manufactured homes. Innovations in building materials, design software, and manufacturing processes have enhanced the structural integrity, aesthetic appeal, and overall performance of these homes. These technological improvements have helped to overcome many of the stigmas associated with manufactured housing and have positioned them as a competitive alternative to traditional homes.

As per the manufactured housing market analysis, single-section homes are smaller, more compact homes that are ideal for individuals or small families. They are easier to transport and install, making them a popular choice for temporary housing solutions. Double section and multi-section offer more space and can be customised with multiple sections to create larger living areas. They are suitable for larger families or those who require more living space.

Market Segmentation

The market can be divided based on number of section, location, application, and region.

Market Breakup by Number of Section

  • Single Section
  • Double Section
  • Multi-Section

Market Breakup by Location

  • Private Property
  • MH Communities

Market Breakup by Application

  • Residential
  • Non-Residential

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Europe

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global manufactured housing market. some of the major players explored in the report are as follows:
  • Cavco Industries, Inc.
  • Champion Home Builders, Inc.
  • Clayton Homes, Inc.
  • Domino Homes
  • Skyline Champion Corporation
  • Karmod Prefabricated Technologies
  • General Coach Canada
  • Ironwood Manufactured Homes
  • Cumberland Japan Co., Ltd.
  • Knight Mobile Homes Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Manufactured Housing Market Analysis
8.1 Key Industry Highlights
8.2 Global Manufactured Housing Market (2018-2023)
8.3 Global Manufactured Housing Market Forecast (2024-2032)
8.4 Global Manufactured Housing Market by Number of Section
8.4.1 Single Section
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Double Section
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Multi-Section
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Manufactured Housing Market by Location
8.5.1 Private Property
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 MH Communities
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Manufactured Housing Market by Application
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Non-Residential
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Manufactured Housing Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Manufactured Housing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Manufactured Housing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Manufactured Housing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Manufactured Housing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Manufactured Housing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cavco Industries, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Champion Home Builders, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Clayton Homes, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Domino Homes
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Skyline Champion Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Karmod Prefabricated Technologies
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 General Coach Canada
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Ironwood Manufactured Homes
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cumberland Japan Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Knight Mobile Homes Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Manufactured Housing Market: Key Industry Highlights, 2018 and 2032
2. Global Manufactured Housing Historical Market: Breakup by Number of Section (USD Billion), 2018-2023
3. Global Manufactured Housing Market Forecast: Breakup by Number of Section (USD Billion), 2024-2032
4. Global Manufactured Housing Historical Market: Breakup by Location (USD Billion), 2018-2023
5. Global Manufactured Housing Market Forecast: Breakup by Location (USD Billion), 2024-2032
6. Global Manufactured Housing Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Manufactured Housing Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Manufactured Housing Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Manufactured Housing Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Manufactured Housing Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Manufactured Housing Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Manufactured Housing Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Manufactured Housing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Manufactured Housing Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Manufactured Housing Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Manufactured Housing Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Manufactured Housing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Manufactured Housing Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Manufactured Housing Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Manufactured Housing Market Structure

Companies Mentioned

  • Cavco Industries, Inc.
  • Champion Home Builders, Inc.
  • Clayton Homes, Inc.
  • Domino Homes
  • Skyline Champion Corporation
  • Karmod Prefabricated Technologies
  • General Coach Canada
  • Ironwood Manufactured Homes
  • Cumberland Japan Co., Ltd.
  • Knight Mobile Homes Ltd.

Methodology

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Table Information