The foldable houses market is rapidly growing, increasing from $7.82 billion in 2023 to $8.62 billion in 2024, at a CAGR of 10.3%. This growth is fueled by space efficiency and sustainability trends. By 2028, the market is expected to reach $12.28 billion, with a CAGR of 9.2%. Key trends include smart home integration, customization, and regulatory support.
Major Driver In The Foldable Houses Market
The foldable house market is witnessing a surge in growth due to the escalating cost of traditional housing. Traditional homes, embodying societal norms and cultural values, are becoming less accessible for many individuals. Foldable houses emerge as a cost-effective, high-quality, energy-efficient, sound-proof, and damage-resistant alternative to traditional housing. In 2021, the Harvard Joint Center for Housing Studies reported a significant 10.2% increase in home prices over the 12 months leading up to October 2020. Notably, in October alone, prices surged by 1.5%, resulting in an even greater annual rate of 18%. Consequently, the rising cost of traditional housing is a key driver behind the growth of the foldable houses market, with market size projections spanning 2023, 2024, and 2028.
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Foldable Houses Market Competitive Landscape
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
Key Foldable Houses Market Trend
Product innovation is a key trend in the foldable houses market. Companies are developing new solutions to maintain their competitive edge. For example, in November 2022, Boxabl Inc., a U.S.-based modular housing company, introduced Boxabl Casita, a $50K foldable house. This house features a unique design that combines panelized and modular construction within a shipping container footprint, allowing for easy transport and assembly.
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Foldable Houses Market Segmentation
The foldable houses market covered in this report is segmented –
1) By Construction Type: Single Section, Multi-Section
2) By Architecture Type: Slope Roof, Flat Roof
3) By End-User: Single Family, Multi-Family
By Geography:The regions covered in the foldable houses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the foldable house market in 2023.
The Foldable Houses Global Market Report 2024 furnishes information about the global foldable houses market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
