What is Tiny Homes Market?
Tiny homes referred to simple living in a small and more efficient space act as a solution for lack of affordable housing. It’s a way to promote non-traditional homeownership and a possible way out to housing for homeless peoples. Tiny homes basically range between one hundred to four hundred square feet.
The market study is being classified by Type (Mobile Tiny Homes and Stationary Tiny Homes), by Application (Home use and Commercial use) and major geographies with country level break-up.
Plant Prefab, Inc. (United States), Mint Tiny House Company (Canada), Summit Tiny Homes (Canada), Exclusive Tents International (Canada), Teacup Tiny Homes (Canada), True North Tiny Homes (Canada), Canadian Tiny Homes (Canada), Tiny House Construction Company (Canada), Blue Ridge Tiny Homes (United States) and Modern Tiny Living, LLC. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Zero Squared Inc. (Canada), TINY HOUSE LUMBEC (Canada), MANDALA ECO HOMES (United States), Tiny Texas Houses & Salvage Texas LLC. (United States) and Switchgrass Tiny Homes (United States).
The market for the tiny homes are fragmented with the presence of many players. Leading players can adopt strategies like a merger, acquisition, expansion, new product launch, in order to gain share within the market. Owing to booming industrialization & urbanization, there are growing prospects for new players to enter the market.The Manufacturers having a strong hold in the market are Plant Prefab, Inc., Mint Tiny House Company, Summit Tiny Homes, and Exclusive Tents International. Research Analyst at AMA predicts that Canadian Manufacturers will contribute to the maximum growth of Global Tiny Homes market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tiny Homes market by Type, Application and Region.
On the basis of geography, the market of Tiny Homes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Tiny Homes as are Less Expensive Conventional Homes in Terms of Taxes, Maintenance and Repair Costs
- Rising Demand of Tiny Houses as a Potential Solution for Homeless Peoples
Market Trend
- Growing Demand for Tiny Homes with Sliding Roofs and Elevator Beds
Restraints
- Government Stringent Regulations against Zoning and Land Ownership Laws
Opportunities
- Growing Shortage of Affordable Rental Housing and Simultaneous Increase in Poverty Leads to the Growth for Tiny Homes
Challenges
- Tiny Homes Has Less Storage Place and Less Living Space and Not Suited For Claustrophobic Peoples
In April 2019, Loom Crafts, an outdoor garden furniture manufacturer has come in a partnership with Plant Prefab, Inc., a U.S. based construction company to manufacture Tiny Homes that provide homes under 400 square feet for the Indian market. These homes can accommodate about five people and have Wi-Fi/cable, an outdoor deck/grill and a bathroom/kitchen.
Key Target Audience
Tiny Home Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry