PUBLISHER: The Business Research Company | PRODUCT CODE: 1436292
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436292
A foldable house combines modular and panelized construction in a shipping container with specific dimensions. These houses are high-quality, affordable, energy-efficient, sound-resistant, and resistant to damage.
Foldable houses come in two main types of construction: single-section and multi-section. A single-section foldable house features a floor plan with a single long section instead of multiple attached sections. The architectural variations include slope roofs and flat roofs, catering to end-users such as single-family and multi-family dwellings.
The foldable houses market research report is one of a series of new reports from The Business Research Company that provides foldable houses optical components market statistics, including foldable houses optical components industry global market size, regional shares, competitors with a foldable houses optical components market share, detailed foldable houses optical components market segments, market trends and opportunities, and any further data you may need to thrive in the foldable houses optical components industry. This foldable house optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historic period can be attributed to factors such as space efficiency, trends in portable and modular design, applications in emergency and disaster relief, a focus on sustainability and eco-friendly practices, and the provision of affordable housing solutions.
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 anticipated growth in the forecast period can be attributed to the integration of smart and IoT technologies, customization and design options, trends in urbanization and compact living, the emphasis on off-grid and sustainable living, as well as collaborations and partnerships. Major trends expected during this period include the use of sustainable construction materials, a focus on customization and personalization, the integration of smart home technologies, affordability and cost-efficiency considerations, and regulatory support and standards.
The increasing cost of traditional housing is anticipated to drive the growth of the foldable house market in the future. Traditional homes embody the societal norms and cultural values of a particular area or society. Foldable homes serve as a viable alternative to traditional housing due to their affordability, high quality, energy efficiency, sound-proofing, and damage resistance. Consequently, the escalating cost of traditional housing is generating demand for foldable houses, particularly among those who cannot afford conventional housing. For example, a report from the Harvard Joint Center for Housing Studies, a US-based institution focused on enhancing understanding of housing issues and influencing policy, revealed that in 2021, home prices witnessed a substantial 10.2% increase in the 12 months leading up to October 2020. In a single month, October, prices surged by 1.5%, contributing to an even greater annual rate of 18%. Hence, the surge in traditional housing costs is a key factor propelling the growth of the foldable houses market.
The growing number of homeless people is anticipated to drive the expansion of the foldable house market in the future. Homeless individuals lack a stable, regular, and suitable place to sleep at night, and the increasing homelessness crisis underscores the need for scalable and affordable housing solutions. Foldable homes, with their ability to be quickly assembled, disassembled, and relocated, present a practical emergency shelter option. For instance, a May 2023 article from Good Faith Media, a US-based provider of weekly podcasts, highlighted that in 2022, the counts of individuals (421,392 people) and chronically homeless individuals (127,768) reached record highs in the history of data collection. The demand for solutions to alleviate homelessness is therefore contributing to the growth of the foldable houses market.
Product innovation emerges as a prominent trend in the foldable houses market. Leading companies in the industry are dedicated to creating novel solutions to maintain their market standing. For example, in November 2022, Boxabl Inc., a US-based modular house building system, introduced the Boxabl Casita, a $50K foldable house. What sets this foldable house apart is its integration of panelized and modular construction within the dimensions of a shipping container. The 375-square-foot house can be easily transported on a lowboy trailer by folding up to fit into a 20-foot shipping container. The section containing the bathroom and kitchen is shipped in 3D form, and the wall and floor panels unfold to enclose the open area completely.
Leading companies in the foldable house market are strategically concentrating on the development of cost-effective housing solutions, specifically compact housing units, to cater to diverse applications and enhance their market profitability. A compact housing unit refers to a thoughtfully designed living space that optimizes functionality within a limited square footage. For example, in December 2022, Vika Living, a US-based provider of high-quality semi-permanent housing, unveiled Vika One, a prefabricated compact house that is not only foldable but can also be set up in an hour for less than $40,000. This prefabricated dwelling provides 144 sq ft of living space, incorporating a shared area with a bed, table, chairs, kitchen, and bathroom. The fully furnished unit includes HVAC, water, power, and waste systems. An off-grid version equipped with solar panels is also available.
In June 2023, Stack Homes, a US-based company specializing in modern and sustainable homes, successfully acquired Modules LLC for an undisclosed sum. This strategic move positions Modules LLC to facilitate Stack Homes in manufacturing its current models in addition to modular buildings tailored for expansive residential developments and commercial projects. Modules LLC, known for its expertise in custom prefabrication and engineered solutions, is set to play a pivotal role in this synergistic collaboration.
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
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.
The countries covered in the foldable houses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The foldable houses market consists of sales of folding container houses, collapsible container house and container movable houses. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Foldable Houses Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on foldable houses market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for foldable houses ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The foldable houses market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.