Pune, India, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The container homes market size valued USD 56.85 billion in 2021 and is projected to increase from USD 59.27 billion in 2022 to USD 87.11 billion by 2029, with a compound annual growth rate (CAGR) of 5.7% during this period. This growth is attributed to the rising popularity of these homes, driven by their ease of securing, lifting, and assembling, as stated in the research report titled "Container Homes Market, 2022-2029" by Fortune Business Insights™.
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Report Scope & Segmentation:
| Report Coverage | Details |
| Market Size | USD 87.11 billion 2029 |
| Growth Rate | 5.7% Of CAGR |
| Largest Market | North America |
| Market Dynamics | Drivers, Restraints, Opportunities & Challenges |
| Forecast Period | 2022-2029 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Architecture Type, End-user, and Region |
| Geographies Covered | Asia, North America, Europe, The Middle East, and the Rest of the World [RoW] |
Discover the Leading Players Featured in the Report:
Companies leading the Container Homes Market are Robert Portable Space Ltd, SEA BOX, Inc., Anderco Pte Ltd, HONOMOBO, Almar Container Group, Royal Wolf, ELA Container GmbH, SG Blocks, Inc., Supertech Industries, Tempohousing
Report Coverage:
The report delves into the major trends propelling the global industry scenario over the forecast period. It also gives an insight into the significant drivers impelling market expansion across various regions. Additional aspects comprise the vital steps taken by major industry participants for consolidating their market position.
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Drivers and Restraints:
- Growing Energy-efficient Constructions Demand to Favor Market Expansion
- One of the prominent factors impelling container homes market growth is the enforcement of favorable policies by the governments across various countries.
- These policies emphasize the development of energy-efficient infrastructure.
- However, the industry expansion is set to be hampered owing to the limited lifespan of container houses.
Segmentation:
Fixed-Type Homes to Depict Soaring Demand Driven by the Advantage of Cost Effectiveness
Based on type, the market is subdivided into fixed and movable. The fixed homes segment is set to register substantial growth throughout the estimated period. These homes do not require additional assembly. Hence, their cost-effective nature is expected to impel segmental expansion over the forecast period.
Tiny Houses to Register Lucrative Growth Owing to Increasing Demand for Sustainability
On the basis of architecture type, the market is fragmented into duplex/bungalow, multistory building/apartments, and tiny houses. The tiny houses segment is slated to record appreciable expansion throughout the projected period. The escalation is impelled by the growing demand for sustainability and cheaper alternatives.
Residential Homes to Exhibit Substantial Growth Due to Escalating Product Demand
On the basis of end user, the market for container homes is segmented into residential, industrial, and commercial. The residential homes segment is poised to depict commendable growth over the analysis period. The surge is being propelled by the soaring popularity of the product for various leisure activities.
On the basis of geography, the market is categorized into five regions. These comprise North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.
Regional Insights:
North America to Emerge as Leading Region Driven by Increasing AI Usage in Product Development
North America container homes market share is poised to record appreciable expansion over the forecast period. The surge can be attributed to the escalating deployment of AI (artificial intelligence) to develop better designs. The technology assists in identifying problems and solving them prior to the beginning of the manufacturing process.
The Asia Pacific region is expected to register considerable growth over the study period. The upsurge can be credited to a range of factors such as the reduced costs of construction and the availability of used containers.
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Competitive Landscape:
Major Market Participants Strike Collaborative Deals to Strengthen Industry Position
Prominent industry players are focused on the adoption of a series of strategic initiatives to maintain their position in the market. These include acquisitions, mergers, the development of new products, and the formation of alliances. Other steps include an increase in research activities.
Key Industry Development:
Almar Container Group delivered five new ISO tanks to Dynamic Brands. Dynamic is known for the manufacturing and distribution of quality beverages in South Africa.
Portables Spaces launched an affordable range of flat-pack kiosks for pubs, restaurants, and event organizers.
Table of Contents
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Container Homes Key Players Market Share Insights and Analysis, 2021
- Global Container Homes Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- North America Container Homes Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
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- Key Findings
- By Type (USD Bn)
- Fixed
- Movable
- By Architecture Type (USD Bn)
- Tiny House
- Duplex/Bungalow
- Multistory Building/Apartments
- By End User (USD Bn)
- Residential Homes
- Commercial Homes
- Industrial Homes
- By Country (USD Bn)
- U.S.
- By End User
- Residential Homes
- Commercial Homes
- Industrial Homes
- By End User
- Canada
- By End User
- Residential Homes
- Commercial Homes
- Industrial Homes
- By End User
- U.S.
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-
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- Key Findings
- By Type (USD Bn)
- Fixed
- Movable
- By Architecture Type (USD Bn)
- Tiny House
- Duplex/Bungalow
- Multistory Building/Apartments
- By End User (USD Bn)
- Residential Homes
- Commercial Homes
- Industrial Homes
- By Region (USD Bn)
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
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Continue…
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