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Temporary Shelters Market Research, Demand, Growth, Size And Analysis Report 2024-2033 | The American Red Cross, The Salvation Army, UNICEF, The Emergency Food and Shelter Program, ShelterBox Trust
Temporary Shelters Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Temporary Shelters industry. This report on Temporary Shelters market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The temporary shelters market size has grown strongly in recent years. It will grow from $44.8 billion in 2023 to $47.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increase in natural disasters and emergencies, rise in homelessness and displacement, growth in the construction industry, increase in refugee populations and economic growth. The temporary shelters market size is expected to see strong growth in the next few years. It will grow to $57.52 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%
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Key Market Players:
The American Red Cross, The Salvation Army, UNICEF, The Emergency Food and Shelter Program, ShelterBox Trust are prominent players in the Temporary Shelters industry.
Market Drivers:
According to the Temporary Shelters Market Report 2024 by The Business Research Company, The increase in government funds for temporary housing contributed to the growth of the market. For instance, the federal government of Canada announced plans to give $15 million for temporary housing in Toronto. These funds will be utilized to solve capacity issues at local shelters and respite centers. For instance, In July 2023, according to Canada's Immigration office, a Canada-based government agency, $212 million in funding into the Interim Housing Assistance Program (IHAP), which will be extended until March 31, 2024.
More information about the Global Temporary Shelters Market Report -
https://www.thebusinessresearchcompany.com/report/temporary-shelters-global-market-report
Market segments for Temporary Shelters include:
1)By Type: Homeless Shelter, Emergency Shelter
2)By Size: Small, Medium, Large
3)By Application: Personnel, Vehicle Mounted, Medical Facility Base, Aircraft Base, Command Post, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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