Temporary Shelters Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Temporary Shelters Market Size By 2025?
In recent periods, the market size for temporary shelters has seen robust growth. The market is projected to surge from $40.83 billion in 2024 to $43.18 billion in 2025, registering a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period is due to factors such as the rising number of natural disasters and emergencies, an upsurge in homelessness and displacement, expansion of the construction sector, growing refugee populations, and overall economic growth.

How Big Is the Temporary Shelters Market Size Expected to Grow by 2029?
Expectations are high for solid expansion in the temporary shelters market in the forthcoming years, with the market size predicted to reach $53.26 billion by 2029, progressing at a compound annual growth rate (CAGR) of 5.4%. Future growth in this time frame can be credited to a surge in governmental funding, an uptick in the tourism industry, a greater demand for environmentally friendly shelters, a rise in the acceptance of modular and pre-fabricated shelters, and the development of smart, connected temporary shelters. Key trends during the predictive period encompass the mounting popularity of micro-shelters and tiny homes, the increasing utilization of technology in design and construction, a heightened emphasis on safety and security aspects, the advent of public-private partnerships, and escalating demand for customizable, personalized homes.

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Which Key Market Drivers Powering Temporary Shelters Market Expansion and Growth?
The expansion of the market was fueled by a boost in government funding for temporary shelters. For example, the Canadian federal government declared its intention to allocate $15 million to temporary accommodation in Toronto. These resources will be channeled towards rectifying capacity dilemmas at community shelters and break centers. To illustrate, in July 2023, it was reported by Canada's Immigration office, a government agency in Canada, that there would be a $212 million injection into the Interim Housing Assistance Program (IHAP) that is due to run until March 31, 2024.

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Which Fast-Growing Trends Are Poised to Disrupt the Temporary Shelters Market?
The rising trend of strategic collaborations is playing a vital role in the expansion of the temporary shelters market. Prominent entities are forming partnerships to broaden their market presence and maximize shared resources. Illustratively, in July 2022, New York City, a non-profit association from New York, joined forces with Eric Leroy Adams, a renowned American politician and former police captain who is the 110th mayor of New York City, committing over $8 million to aid New York residents who live on the streets and struggle with mental health issues. The aim is to facilitate their entry into housing and therapeutic programs.

What Are the Emerging Segments in the Temporary Shelters Market?
The temporary shelters market covered in this report is segmented -

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

Subsegments:
1) By Homeless Shelter: Outdoor Tents, Temporary Housing Units, Transitional Shelters
2) By Emergency Shelter: Disaster Relief Shelters, Refugee Shelters, Temporary Evacuation Shelters

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Who Are the Global Leaders in the Temporary Shelters Market?
Major companies operating in the temporary shelters market include The American Red Cross, The Salvation Army, UNICEF, The Emergency Food and Shelter Program, ShelterBox Trust, National Alliance to End Homlessness, The National Coalition for the Homeless, Covenant House, The Bowery Mission, The Midnight Mission, The Rescue Mission, The Union Rescue Mission, The City Mission, The Samaritan Inn, The Mustard Seed, The Road Home, The House of Charity, The Open Door Mission, The Denver Rescue Mission, The Nashville Rescue Mission, The Atlanta Mission, The Seattle's Union Gospel Mission, The Portland Rescue Mission, The San Francisco City Impact, The Los Angeles Mission, The Good Shepherd Center, The St. Vincent de Paul Society, The Catholic Charities, The Homeless Prenatal Program, The Homeless Children's Education Fund

Which are the Top Profitable Regional Markets for the Temporary Shelters Industry?
Western Europe was the largest region in the temporary shelters market in 20232. Asia-Pacific was the second-largest region in the temporary shelters market. The regions covered in the temporary shelters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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