In April 2022, Skyline Champion Corporation was Awarded by Manufactured Housing Institute (MHI) as an Innovative Industry Leader with Three 2022 MHI Excellence in Manufactured and Modular Home Design awards

Tiny houses have changed over the past few decades and now come in various types and designs that appeal to people from many walks of life, including pensioners, couples looking for their first home, and young minimalists, among others. Numerous high-quality, reasonably priced, and environmentally friendly dwelling options are provided by tiny homes and can be used to fulfil individual aspirations, monetary and lifestyle objectives, and social demands. It provides consumers and the communities where they live with several important benefits, including lower buying costs, less waste from construction materials, a smaller carbon footprint, and much less energy use.     

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The Global Tiny Homes Market is expected to reach USD 7,802.16 million by 2030 from USD 6,166.66 million in 2022, growing CAGR of 4.00% substantially in the forecast period of of 2023 to 2030. Many customers are also taking more initiative in their efforts to live more sustainably, whether by choosing items with ethical or environmentally sustainable practices and principles or by ceasing to buy specific products because of their concerns. The majority of customers begin living more sustainably at home by recycling, composting, or minimizing food waste. By adopting the idea and freedom that come with decreasing the living area by simplifying and living with less, people are also increasingly choosing the tiny home lifestyle. The global market for tiny homes is also seeing demand due to reasons including rising living expenses, growing environmental consciousness, and growing government efforts.              

The rise in the popularity of affordable housing solutions and the tiny-house movement across the world will drive the market's growth rate

The growing popularity of tiny dwellings is due to their unique, cost-effective design. It can be maintained with only the most basic facilities and requires less land, space, and money to develop. Savings are made on house maintenance, property taxes, heating, and cooling. Tiny dwellings offer significant savings on power, water, and energy than large homes, which require more care. The small-house movement, also referred to as the tiny-house movement, focuses on "living with less" by reducing the size of living quarters. A small house is defined as "a residential unit with a maximum of 37 square metres (400 square feet) of floor area, excluding lofts" by the INTERNATIONAL COUNCIL, INC. Many efforts have been made to grow the tiny house movement.

Report Scope and Market Segmentation

Segment Analysis:

The global tiny homes market is segmented into four notable segments based on product type, area, application, and distribution channel.

• On the basis of product type, the global tiny homes market is segmented into mobile tiny homes and stationary tiny homes. In 2022, the stationary tiny homes segment is expected to dominate the global tiny homes market with a 53.76% market share because they are affordable for individuals without any shelter and home. They are less expensive in terms of taxes and building, energy consumption, maintenance, and repair costs. They embrace an eco-friendly living and sustainable lifestyle.
• On the basis of area, the global tiny homes market is segmented into less than 130 sq. ft., 130-500 sq. ft., and more than 500 sq. ft. In 2022, the 130-500 sq. ft. segment is expected to dominate the global tiny homes market with a 48.88% market share because they are cheaper than conventional homes as they take up less square footage. They can be built with recycled and sustainable materials. Also, they can resolve the concerns regarding affordable living and make life easier for many people.
• On the basis of application, the global tiny homes market is segmented into household, commercial, industrial, and others. In 2022, the household segment is expected to dominate the global tiny homes market with a 49.22% market share because they are an affordable and sustainable housing solution for households without any shelter and home. They are cheaper and economical compared to traditional homes.

The household segment will dominate the application segment of the tiny homes market

The household segment will emerge as the dominating segment application segment. This is because of the growing demand for tiny homes in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of distribution channel, the global tiny homes market is segmented into direct sales and distributors. In 2022, the direct sales segment is expected to dominate the global tiny homes market with a 53.43% market share because they do not involve any intermediary and facilitate a direct relationship between the manufacturer and the customer. It is beneficial in obtaining feedback directly from the customers, thereby improving the quality of the products.

The direct sales segment will dominate the distribution channel segment of the tiny homes market

The direct sales segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the FMCG industry all around the globe will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: Skyline Champion Corporation (U.S.), Nestron (Singapore), The Tiny Housing Co. (U.K.), THE QUBE (Australia), TIMBERCARAFT TINY HOMES (U.S.), CargoHome (U.S.), ATLAS VANS (U.S.), Oregon Cottage Company (U.S.), Tiny Home Builders (U.S.), Tiny SMART House, Inc. (U.S.), Tumbleweed Tiny House Company (U.S.), New Frontier Tiny Homes (U.S.), Mustard Seed Tiny Homes LLC (U.S.), MAVERICK TINY HOMES, LLC (U.S.), California Tiny House (U.S.), American Tiny House (U.S.), and B&B MICRO MANUFACTURING, INC.

Market Development

• In April 2022, Skyline Champion Corporation was awarded by Manufactured Housing Institute (MHI) as an innovative industry leader with three 2022 MHI Excellence in Manufactured and Modular Home Design awards. This development will help the company increase its brand image and encourage it to continue excellence in design, quality, and leadership across Skyline Champion's impressive portfolio of brands.
• In February 2021, TIMBERCARAFT TINY HOMES introduced a mobile 3-bedroom Denali Bunkhouse. This features a main floor bedroom with a -in king bed, two sleeping lofts with a staircase, fully furnished kitchen and bathroom with a tub, French doors, and vaulted ceilings. This helped the company to increase its product portfolio.
• In October 2019, Häuslein Pty Ltd launched two new tiny house models - the Little Sojourner and the Grand Sojourner. The products are the smallest and the largest new addition to the family of high-end tiny houses, respectively. The newly launched products will help the company enhance its market presence with high-quality tiny houses.  

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in tiny homes market during the forecast period 2023 to 2030

North America dominates the market due to changing lifestyles and the rise in investments and initiatives towards the construction of tiny homes for both commercial and residential, which is propelling the demand for tiny homes.

Asia-Pacific is estimated to be the fastest-growing region in tiny homes market the forecast period 2023 to 2030

Asia-Pacific is projected to observe significant growth during the market's forecast period. China dominates the Asia-Pacific region due to the rapidly growing construction of tiny homes for both commercial and residential.

COVID-19 Impact

In 2020–2021, COVID-19 affected various manufacturing businesses since it caused workplace closures, supply chain disruptions, and transit limitations. However, more people working from home and higher discretionary income are credited with the post-pandemic market expansion. This has heightened the need for an economical, environmentally friendly, and sustainable housing alternative. To recover after COVID-19, the major market players are taking a number of different strategic actions. The players are engaged in a variety of R&D projects to enhance their products. They are increasing their market share by experimenting with various retail channels and extending into new areas.

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