Manufacturing Houses Market

Global Manufacturing Houses Market by Construction Type (Single Section, Multi-Section) By Product Type (Manufactured Homes, Modular Homes and Panelized Homes), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: CM-41
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 166
  • Format:
  • Pub. Date: 2020-10-01
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Market Outlook:

The global manufacturing houses market was valued at USD 16,854.9 Million in 2019 and is projected to reach USD 21,200.7 Million by 2027, expanding at a CAGR of 3.3% during the forecast period. Availability of better-quality houses and less construction. The demand for manufactured housing is increasing globally, as they are affordable and provides or better-built quality than site-built dwellings. The cost of construction of manufactured houses per square foot is usually considerably less than the traditional houses that are constructed on-site. In terms of construction quality, amenities, style, and public perception, manufactured houses provide almost the same quality as a site-built dwelling. In the US, the Department of Veterans Affairs and the Federal Housing Administration provide manufactured-housing loan programs for promoting housing affordability among the targeted demographic.

Manufacturing Homes Market Key Takeaways

Manufacturing Houses is segmented as product type and construction type. On the basis of construction type, it is segmented as single section and multi section. Based on product type, it is segmented as manufactured homes, modular homes and panelized homes. Manufactured homes are projected to be attractive segment during the forecast period. These homes are preferred by people as they are more cost-effective than other homes and saves money, in terms of the overall cost. This type of home is popular in the countries where the population is low and the land is available for less price. People in many countries are preferring for manufactured homes over the traditional ones because it requires less manufacturing cost and easy financing is available for these kinds of homes compared to traditional houses. The construction cost of manufactured homes is approximately half the price of traditional homes that are built on-site and they still provide the same luxury amenities of traditional homes.

Market Dynamics

The market is driven by factors such as availability of better-quality houses, requirement of less construction time, rising in demand for energy-efficient houses, and growth construction spending. Conversely, low perceived resale value, highly competitive market, and lack of awareness among people are acting as key restraints of this market. Untapped opportunities in emerging countries and rising investment in research and development are expected to create opportunities for market in the future. Today’s manufactured housing have amazing interiors and modern residential outlook from outside. People are getting attracted to manufactured housing as they provide features such as a bright modular kitchen, spacious bedroom, a cozy fireplace, walk-in closets, garden tub, plus crown molding, and branded home appliances. This drives the growth of the manufacturing homes in the estimated forecasts period.

Growth in the Construction Spending
Around the world, money spent on the construction industry is increasing; however, developers or manufacturers are looking to decrease the cost and time of construction. This has led to more production of manufactured houses, as they are built-in a factory, require less labor, and the overall construction time required is less. These factors are expected to drive the market in the future.

Rising demand for energy efficient houses and Requirement of less construction time
The modern manufactured houses are energy-efficient as factories employ energy-efficient appliances with manufactured houses. Manufacturers take care in making each manufactured houses, as they need to be tightly constructed with efficient water heaters, cooling and heating systems, and high-performance windows. Manufactured houses are considered to be 50% more efficient than on-site houses, and hence  growing demand for energy-efficient houses fuels the need for  manufactured houses. In manufactured houses modules or components such as stairs, floors, balcony, and exterior walls are manufactured in batches in a factory. On-site labor, required in the construction of traditional houses, are replaced with machinery in manufactured houses, thus reducing the production cycle time of construction. Moreover, parallel production utilization is better in factory. Thus, the demand for manufactured housing is expected to increase, as the time required for construction is less.

Segmental Outlook

Based on construction types, the manufactured housing market is bifurcated as a single section and multi-section. A single section manufactured house is projected to hold a significant share of the market. Single section houses can be spacious or compact and they come with a lot of different configurations, lengths, and widths. This type of home is considered to be perfect for first-time homebuyers, couples, and single individuals. Single wide houses require less time to build than multi-section houses and stranding price single wide houses is also less as it requires less construction material. Single section houses are considered to be one of the most versatile types of factory-built in houses as they provide a wide range of designs and layouts within a relatively small footprint.

Manufacturing Homes Market BPS Analysis

Based on product type, the manufacturing houses market is segmented into manufactured homes, modular homes and panelized homes. The modern manufactured homes provide the same luxury amenities which are found in traditional new homes such as artisanal fixtures, countertops, and granite. This type of home is popular in the countries where the population is low and the land is available for less price. People in many countries are preferring for manufactured homes over the traditional ones because it requires less manufacturing cost and easy financing is available for these kinds of homes compared to traditional houses. The construction cost of manufactured homes is approximately half the price of traditional homes that are built on-site and they still provide the same luxury amenities of traditional homes. Thus, driving the demand for the manufactured homes market. Panelized homes are anticipated to expand at a substantial CAGR, as they are less susceptible to weather damages during construction and they provide high quality of precision engineering.

Manufacturing Homes Market Share By Products

Regional Outlook

In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market. It constituted a two fifth share of the market in 2020. The market in the region is projected to expand at a CAGR of 3.4% during the forecast period. Asia Pacific is expected to lead the global market, accounting for a market share of one fifth by the end of the forecast period. The growth of the manufacturing houses market is attributed to factors Asia-Pacific region is expected to develop in this market during the forecast period due to rise in building of manufacturing units in the countries of Asia-Pacific such as China and Korea.

Competitive Landscape

  • Key players in the market include Manufacturing Houses market includes Nobility Homes, Inc., Cavco Industries Inc., SkylineChampion Corporation, Jacobsen Homes, Excel Homes, American Homestar Corporation, Jacobsen Homes, Excel Homes, CHM Services Inc., Algeco, RED SEA INTERNATIONAL, Scotbilt, The Commodore Corporation, and SEKISUI HOUSE, LTD. These companies are considered as key manufacturers of manufacturing homebased on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as product launches, mergers and acquisition, and geographical expansion where potential opportunity for the manufacturing houses extraction is added in the company’s capacity. 
  • In July 2020, Algeco acquired WEXUS GROUP to strengthen its position in the Nordic modular space industry. 
  • In January 2020 Algeco acquired Altempo SAS to expand its presence in France.
  • In November 2019, Skyline Champion Corporation partnered with URBANEER Inc. to develop Accessory Dwelling Units (ADUs), a line of units. The companies provide the ADUs. 
  • In 2019, Skyline Champion Corporation, launched a manufactured housing facility in Louisiana, the US. The company plans to increase the plant’s capacity to meet growing demand for attainable housing.

 

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Manufacturing Houses Market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered    
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Manufacturing Houses Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Manufactured Housing Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Manufactured Housing Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Manufactured Housing Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Manufactured Housing Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Manufactured Housing Market Size & Forecast, 2017-2027
      4.5.1 Manufactured Housing Market Size and Y-o-Y Growth
      4.5.2 Manufactured Housing Market Absolute $ Opportunity
   4.6 US & Chinese Company Market Share Analysis
      1. US Companies
      2. Chinese Companies
    1. Global Manufactured Housing Market Adoption Analysis
      1. North America
       4.7.2 Europe
       4.7.3 Asia Pacific
       4.7.4 Latin America
       4.7.5 Middle East and Africa (MEA)
   4.8 Manufactured Housing Prices Comparison
        4.8.1 US Companies
        4.8.2 Chinese Companies
   4.9 Top Companies: Manufactured Housing Market

        4.9.1 Top 5 Chinese Companies
        4.9.2 Top 5 US Companies
   4.10 SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis: Manufactured Housing Market

        4.10.1 Chinese Companies
        4.10.2 US Companies
Chapter 5 Global Manufactured Housing Market Analysis and Forecast By Construction Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Construction Type
      5.1.2 Basis Point Share (BPS) Analysis By Construction Type
      5.1.3 Absolute $ Opportunity Assessment By Construction Type
   5.2 Manufactured Housing Market Size Forecast By Construction Type
      5.2.1 Single Section
      5.2.2 Multi-Section
   5.3 Market Attractiveness Analysis By Construction Type
Chapter 6 Global Manufactured Housing Market Analysis and Forecast By Product Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Product Type
      6.1.2 Basis Point Share (BPS) Analysis By Product Type
      6.1.3 Absolute $ Opportunity Assessment By Product Type
   6.2 Manufactured Housing Market Size Forecast By Product Type
      6.2.1 Manufactured Homes
      6.2.2 Modular Homes
      6.2.3 Panelized Homes
   6.3 Market Attractiveness Analysis By Product Type
Chapter 7 Global Manufactured Housing Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Manufactured Housing Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Manufactured Housing Analysis and Forecast
   9.1 Introduction
   9.2 North America Manufactured Housing Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Manufactured Housing Market Size Forecast By Construction Type
      9.6.1 Single Section
      9.6.2 Multi-Section
   9.7 Basis Point Share (BPS) Analysis By Construction Type
   9.8 Absolute $ Opportunity Assessment By Construction Type
   9.9 Market Attractiveness Analysis By Construction Type
   9.10 North America Manufactured Housing Market Size Forecast By Product Type
      9.10.1 Manufactured Homes
      9.10.2 Modular Homes
      9.10.3 Panelized Homes
   9.11 Basis Point Share (BPS) Analysis By Product Type
   9.12 Absolute $ Opportunity Assessment By Product Type
   9.13 Market Attractiveness Analysis By Product Type
Chapter 10 Europe Manufactured Housing Analysis and Forecast
   10.1 Introduction
   10.2 Europe Manufactured Housing Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Manufactured Housing Market Size Forecast By Construction Type
      10.6.1 Single Section
      10.6.2 Multi-Section
   10.7 Basis Point Share (BPS) Analysis By Construction Type
   10.8 Absolute $ Opportunity Assessment By Construction Type
   10.9 Market Attractiveness Analysis By Construction Type
   10.10 Europe Manufactured Housing Market Size Forecast By Product Type
      10.10.1 Manufactured Homes
      10.10.2 Modular Homes
      10.10.3 Panelized Homes
   10.11 Basis Point Share (BPS) Analysis By Product Type
   10.12 Absolute $ Opportunity Assessment By Product Type
   10.13 Market Attractiveness Analysis By Product Type
Chapter 11 Asia Pacific Manufactured Housing Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Manufactured Housing Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Manufactured Housing Market Size Forecast By Construction Type
      11.6.1 Single Section
      11.6.2 Multi-Section
   11.7 Basis Point Share (BPS) Analysis By Construction Type
   11.8 Absolute $ Opportunity Assessment By Construction Type
   11.9 Market Attractiveness Analysis By Construction Type
   11.10 Asia Pacific Manufactured Housing Market Size Forecast By Product Type
      11.10.1 Manufactured Homes
      11.10.2 Modular Homes
      11.10.3 Panelized Homes
   11.11 Basis Point Share (BPS) Analysis By Product Type
   11.12 Absolute $ Opportunity Assessment By Product Type
   11.13 Market Attractiveness Analysis By Product Type
Chapter 12 Latin America Manufactured Housing Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Manufactured Housing Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Manufactured Housing Market Size Forecast By Construction Type
      12.6.1 Single Section
      12.6.2 Multi-Section
   12.7 Basis Point Share (BPS) Analysis By Construction Type
   12.8 Absolute $ Opportunity Assessment By Construction Type
   12.9 Market Attractiveness Analysis By Construction Type
   12.10 Latin America Manufactured Housing Market Size Forecast By Product Type
      12.10.1 Manufactured Homes
      12.10.2 Modular Homes
      12.10.3 Panelized Homes
   12.11 Basis Point Share (BPS) Analysis By Product Type
   12.12 Absolute $ Opportunity Assessment By Product Type
   12.13 Market Attractiveness Analysis By Product Type
Chapter 13 Middle East & Africa (MEA) Manufactured Housing Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Manufactured Housing Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Manufactured Housing Market Size Forecast By Construction Type
      13.6.1 Single Section
      13.6.2 Multi-Section
   13.7 Basis Point Share (BPS) Analysis By Construction Type
   13.8 Absolute $ Opportunity Assessment By Construction Type
   13.9 Market Attractiveness Analysis By Construction Type
   13.10 Middle East & Africa (MEA) Manufactured Housing Market Size Forecast By Product Type
      13.10.1 Manufactured Homes
      13.10.2 Modular Homes
      13.10.3 Panelized Homes
   13.11 Basis Point Share (BPS) Analysis By Product Type
   13.12 Absolute $ Opportunity Assessment By Product Type
   13.13 Market Attractiveness Analysis By Product Type
Chapter 14 Competition Landscape
   14.1 Manufactured Housing Market: Competitive Dashboard
   14.2 Global Manufactured Housing Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Algeco
      14.3.2 American Homestar Corporation
      14.3.3 CAVCO INDUSTRIES INC.
      14.3.4 CHM Services Inc.
      14.3.5 Excel Homes
      14.3.6 Jacobsen Homes
      14.3.7 Nobility Homes, Inc.
      14.3.8 RED SEA INTERNATIONAL
      14.3.9 Scotbilt
      14.3.10 SEKISUI HOUSE,LTD
      14.3.11 Skyline Champion Corporation.
      14.3.12 The Commodore Corporation
Key Segments Covered
By Construction Types
  • Single Section
  • Multi-Section
By Product Type
  • Manufactured Homes
  • Modular Homes
  • Panelized Homes
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Iran
    • South Africa
    • UAE
    • Rest of MEA
Key Market Players Profiled in the Report
  • Algeco
  • American Homestar Corporation
  • Cavco Industries
  • CHM Services Inc.
  • Excel Homes
  • Jacobsen Homes
  • Nobility Homes, Inc.
  • RED SEA INTERNATIONAL
  • Scotbilt
  • SEKISUI HOUSE LTD.
  • SkylineChampion Corporation
  • The Commodore Corporation

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific pricing information and also provides forecast trends.

According to this Growth Market Reports report, the market of manufacturing houses is expected to register a CAGR of nearly 3.3% during forecast period 2020-2027, with an anticipated valuation of USD 21,200.7 million by the end of the 2027.

In addition to market size (in USD Million), company market share (in % for base year 2019), market share of top five US and China based companies (in % for base year 2019), SWOT analysis of US based and China based companies and other data such Macro-economic factors, GDP on the Manufacturing Houses market is available in final report.

The increasing demand for energy efficient houses accelerated demand for manufacturing houses is expected to drive market growth.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness a minimal growth of over 0.5% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the manufacturing houses market.

The base year considered for the global Manufacturing Houses market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Individuals, Housing Societies, People Communities and Housing cities of corporate companies are the key end-user that are driving the Manufacturing Houses market.

Major Manufactures include, Hadaka Manufacturing Houses includes Nobility Homes, Inc., Cavco Industries Inc., SkylineChampion Corporation, Jacobsen Homes, Excel Homes, American Homestar Corporation, CHM Services Inc., Algeco, RED SEA INTERNATIONAL, Scotbilt, The Commodore Corporation, SEKISUI HOUSE LTD.