By 2031, Foldable Houses Market Expected to Reach USD 16.8 Billion

According to a new report published by Allied Market Research, titled, "Foldable Houses Market," The foldable houses market size was valued at $7.1 billion in 2021, and is estimated to reach $16.8 billion by 2031, growing at a CAGR of 9% from 2022 to 2031.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: https://www.alliedmarketresearch.com/request-sample/32222

The report provides an extensive analysis of the current and emerging global foldable houses market trends and dynamics.

Depending on architecture type, the flat roof segment has dominated the foldable houses market, in terms of revenue in 2021 and slope roof segment is projected to grow at a significant CAGR during the forecast period.

By end user, the multi family segment has registered highest revenue in 2021.

North America is projected to register highest growth rate in the coming years.

The key players within the global foldable houses market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the foldable houses industry.

The report provides an extensive analysis of the current trends and emerging foldable houses market opportunities.

In-depth global foldable houses market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

The global foldable houses market forecast analysis from 2022 to 2031 is included in the report.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀

Commonly foldable houses are constructed in two types; single section and multi section. Among these, the multi section segment accounted for the highest market share in 2021, owing to its ability to house a greater number of people. The foldable houses market share is analyzed with respect to different architectures including slope roof and flat roof.

Out of these, the flat roof segment registered the highest revenue in 2021, owing to its easy manufacturing and deployment. And, on the basis of end user, the market is categorized into single family and multi family. The market is mainly driven by the high sustainability of foldable houses, increasing demand for shelters for homeless people, and growth in the prefabricated housing industry.

However, fluctuating costs of raw materials used for making foldable houses, and structural limitations of foldable houses have the potential to limit the foldable houses market growth.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: https://www.alliedmarketresearch.com/purchase-enquiry/32222

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

In 2021, North America dominated the global market, in terms of revenue, followed by Europe and Asia Pacific. Moreover, the market in Asia-Pacific is expected to grow with the highest CAGR, owing to the growth in population. Furthermore, foldable house manufacturers are adopting various development strategies to remain competitive in the market. For instance, in 2020, Modulous Housing, an India based manufacturer of portable foldable houses has begun working with various construction companies, NGOs, and event management firms to provide foldable shelters that are easily portable and deployable.

However, during the pandemic lockdown, various manufacturers in the foldable houses market had to stop their business in countries such as China, the U.S., Japan, and countries in Europe. This break directly impacted the sales of foldable houses manufacturing companies. In addition, the lack of manpower and raw materials constricted the supply of raw materials for foldable houses; thus, negatively influencing the growth of the market. Conversely, after two years of the COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Key companies profiled in the foldable houses market report include A-FOLD Houses, Boxabl, Brette Haus, Guangzhou Moneybox Steel Structure Engineering Co.,Ltd, Karmod Prefabricated Technologies, Henan K-Home Steel Structure Co., Ltd., MADI Homes, Rohe Homes, Spark Business Group Pty Ltd. and Weizhengheng Modular House.

The inadequate construction of houses, lack of social housing units, and rising number of immigrants in the developing countries are increasing housing prices, eventually resulting in a serious housing shortage in the country. In addition, with the increased regulatory framework in the areas of energy efficiency in the construction segment, the developmental costs of buildings have risen exponentially, thus restricting the growth of new building construction in the country. Such factors are expected to drive the demand for foldable houses as they are cheap in price, quicker to deploy, and energy efficient.

The construction sector in the country is negatively affected by factors such as slow economic growth, relatively low household disposable income, rising unemployment rate, and low public budget spending. These factors are collectively expected to drive the growth of prefabricated houses including foldable houses, owing to their cheapness and modern design. In addition, the slow development of affordable housing in developed countries is also expected to provide a moderate yet positive boost to market growth.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: https://www.alliedmarketresearch.com/checkout-final/bac16981a20a76d632fd8a50fd8c79da
MORE REPORTS -

Ship Loader and Unloader Market-https://www.openpr.com/news/3214626/ship-loader-and-unloader-market-is-expected-to-reach-57-8

Modular Chiller Market-https://www.openpr.com/news/3217365/modular-chiller-market-is-expected-to-reach-3-7-billion-by-2027

Smart Elevators Market-https://www.openpr.com/news/3217391/smart-elevators-market-expected-to-reach-57-3-billion-by-2031

Beverage Packaging Market-https://www.openpr.com/news/3217419/global-beverage-packaging-market-key-insights-by-type

Industrial Noise Control market-https://www.openpr.com/news/3219830/industrial-noise-control-market-expected-to-reach-usd-9-8

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.