Temporary Shelters Industry Outlook 2025-2029: Market Set to Cross $52.74 Billion Milestone

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How Large Will the Temporary Shelters Market Size By 2025?
In the past few years, the size of the temporary shelters market has significantly expanded. Its growth is projected to continue, rising from $40.9 billion in 2024 to $42.97 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. Factors contributing to this growth during the previous period include an uptick in emergency situations and natural disasters, rising homelessness and displacement rates, expansion of the construction industry, a swell in the population of refugees, and overall economic growth.

How Big Is the Temporary Shelters Market Size Expected to Grow by 2029?
The market size for temporary shelters is predicted to experience significant growth in the coming years, escalating to a value of $52.74 billion in 2029 with a compound annual growth rate (CAGR) of 5.3%. This expected growth throughout the forecast period is due in part to an influx of government funding, the thriving tourism sector, soaring demand for environmentally friendly shelters, increased utilization of modular and prefabricated shelter models, and the rise of intelligent, interconnected temporary shelters. Projected trends over this period include the increasing appeal of tiny homes and micro-shelters, the expanded application of technology in design and construction processes, an intensified emphasis on safety and security features, the development of public-private partnership models, and surging demand for bespoke, individually tailored homes.

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Which Key Market Drivers Powering Temporary Shelters Market Expansion and Growth?
The market's expansion was influenced by augmented governmental funding for provisional accommodation. The Canadian federal authorities, for example, unveiled a scheme to allocate $15 million to transitory homes in Toronto. These monies will be deployed to address congestion problems at community shelters and relief centers. As per the Immigration Office in Canada, a governmental organization based in Canada, in July 2023, $212 million will be invested in the Interim Housing Assistance Program (IHAP), set to continue till March 31, 2024.

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What Trends Will Shape the Temporary Shelters Market Through 2029 and Beyond?
Forming strategic alliances is an emerging trend in the market for temporary shelters that is gaining traction. Top companies are entering into collaborations to broaden their market reach and utilize each other's resources. To illustrate, in July 2022, a nonprofit organization of New York City partnered with Eric Leroy Adams, a former police captain turned American politician currently serving as the city's 110th mayor. They pledged over $8 million to provide assistance to New Yorkers who dwell on the streets and struggle with mental health issues, aiming to facilitate their access to housing and treatment programs.

What Are the Emerging Segments in the Temporary Shelters Market?
The temporary sheltersmarket 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 20242. 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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