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North America Tiny Homes Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Sep 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Tiny Homes Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2154.53 Million
Diagram Market Size (Forecast Year) USD 2666.35 Million
Diagram CAGR %

North America Tiny Homes Market, By Product Type (Mobile Tiny Homes and Stationary Tiny Homes), Area (Less Than 130 Sq. Ft., 130-500 Sq. Ft., and More Than 500 Sq. Ft.), Application (Household, Commercial, Industrial, and Others), Distribution Channel (Direct Sales and Distributors) - Industry Trends and Forecast to 2030.

North America Tiny Homes Market Analysis and Size

The essential factors contributing to the growth of the tiny homes market in the forecast period of 2023 to 2030 include the usage of tiny homes in tourism activities. Also, the rising inflation leading to a rise in living costs and the increasing popularity of affordable housing solutions, and the tiny-house movement is significantly contributing to the market’s growth.

Data Bridge Market Research analyses that the North America tiny homes market which was USD 2,154.53 million in 2022, would rocket up to USD 2,666.35 million by 2030, and is expected to undergo a CAGR of 2.7% during the forecast period of 2023 to 2030. In 2023, mobile tiny homes segment will dominate the market due to rise in demand of tiny homes for various packaging applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

North America Tiny Homes Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million

Segments Covered

Product Type (Mobile Tiny Homes and Stationary Tiny Homes), Area (Less Than 130 Sq. Ft., 130-500 Sq. Ft., and More Than 500 Sq. Ft.), Application (Household, Commercial, Industrial, and Others), Distribution Channel (Direct Sales and Distributors)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

Skyline Champion Corporation (U.S.), Nestron (Singapore), TIMBERCARAFT TINY HOMES (U.S.), CargoHome (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.), Tiny Idahomes (U.S.), American Tiny House (U.S.), Tiny Heirloom (U.S.), among others.

Market Opportunities

  • Increasing popularity of affordable housing solutions and the tiny-house movement

Market Definition

A tiny home generally refers to a single dwelling unit of less than 400 square feet in area, built on a permanent or movable foundation. It offers consumers and their local communities several significant advantages, such as lower purchase price, lower construction material waste, reduced carbon footprint, and significantly reduced energy consumption.

North America Tiny Homes Market Dynamics

Drivers

  • Increasing Usage of Tiny Homes In Tourism Activities

Tiny homes do not require permits in many parts of the world as they are considered vehicles. Many families have invested in tiny houses and then rented them to people. Some service providers even rent their tiny homes in various architectural and decor styles. These styles depict modern or minimalist to rustic or traditional as a unique alternative to the hotel stay. They equip the tiny homes with a kitchen, living space, bathroom, and sleeping area. Various factors, such as globalization, internet penetration, and growing social media influence, have boosted the demand for tiny homes. Furthermore, new lifestyles, higher disposable incomes, and increasing consumer environmental awareness create demand for tiny homes. This, in turn, is expected to act as a driver for the growth of the North America tiny homes market.

  • The Rising Inflation Leads to a Rise In Living Costs

Interest rates on home loans have prompted consumers to seek more affordable housing options. Consumers are also becoming more interested in low-maintenance, energy-efficient, and environmentally friendly homes. The growing interest in and spending on such low-cost, environmentally friendly tiny houses is expected to drive up demand for tiny houses in the coming years. Thus, the North America tiny house market is likely driven by rising living costs and high home loan interest rates.

Opportunities

  • Increasing Popularity of Affordable Housing Solutions and the Tiny-House Movement

The tiny homes trend is rising as it is an innovative, affordable housing solution. It requires less space, land, and cost to build and can be maintained with basic amenities. Money is saved on heating, cooling, property taxes, or home maintenance. There is a huge saving on electricity, water, and energy in tiny homes compared to large houses, which require more maintenance costs. Tiny-house movement, also known as the small-house movement, aims to downsize living spaces, simplify, and essentially "living with less." According to INTERNATIONAL CODE COUNCIL, INC., a tiny house is termed a "dwelling unit with a maximum of 37 square meters (400 sq. ft.) of floor area, excluding lofts. People have made many efforts to increase the tiny house movement

Restraints/Challenges

  • Low Preference Towards Tiny Homes Over Conventional Homes

Tiny houses don't require much land to build compared to conventional homes. But many towns make it difficult to build one. Zoning laws often include a minimum size for dwellings. Such as, in North Carolina, the tiny home must be at least 150 square feet to get a building permit, and 100 square feet must be added for every additional occupant. These zoning regulations can prohibit people from buying land and building their own tiny houses on it. Sometimes to get a loan to build a tiny home is another challenge. Sometimes it is 'impossible to take standard mortgage loans as banks don't consider a tiny house to have enough value to make good collateral

  • Growing Number of Residential Buildings

Consumers who move to their new spaces and renovate older ones stay in residential buildings. Changing lifestyle and increased disposable income motivates consumers to live in buildings and big spaces to maintain their standard and status. Due to this reason, people prefer to stay in residential buildings. Thus, a growing number of residential construction is expected to restrain the North America tiny homes market

Recent Developments                

  • In July 2021, Singapore-based Nestron designed the Cube Two prefab to comfortably accommodate a family of four—and the resulting dwelling is as futuristic as it is practical. Wrapped in galvanized steel that can withstand extreme heat and natural disasters, the 279-square-foot home—which features curved edges, built-in furnishings and voice-controlled tech—can be shipped anywhere in the world, and it’s designed to arrive move-in ready
  • 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

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

North America Tiny Homes Market Scope

The North America tiny homes market is segmented on the basis of product type, area, application, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Mobile Tiny Homes
  • Stationary Tiny Homes

Area

  • Less Than 130 Sq. Ft.
  • 130-500 Sq. Ft.
  • More Than 500 Sq. Ft.

Application

  • Household
  • Commercial
  • Industrial
  • Others

Distribution Channel

  • Direct Sales
  • Distributors

North America Tiny Homes Market Regional Analysis/Insights

North America tiny homes market is analysed and market size insights and trends are provided by product type, area, application, and distribution channel as referenced above.

The countries covered in the North America Tiny Homes market report are U.S., Canada and Mexico

U.S. dominates the tiny homes market due to the rise in living costs. Consumers are also becoming more interested in low-maintenance, energy-efficient, and environmentally friendly homes, and it is also driving the tiny homes market.

Canada is expected to grow during the forecast period of 2023 to 2030 because of the rising popularity of affordable housing solutions and the tiny-house movement. It requires less space, land, and cost to build and can be maintained with basic amenities, hence contributing in the market growth.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Tiny Homes Market Share Analysis

The tiny homes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America tiny homes market.

Some of the major players operating in the North America tiny homes market are:

  • Skyline Champion Corporation (U.S.)
  • Nestron (Singapore)
  • TIMBERCARAFT TINY HOMES (U.S.)
  • CargoHome (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.)
  • Tiny Idahomes (U.S.)
  • American Tiny House (U.S.)
  • Tiny Heirloom (U.S.),


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The North America tiny homes market value was USD 2,154.53 million in 2022.
The growth rate of the North America tiny homes market is 2.7% in the forecast period by 2030.
Increasing usage of tiny homes in tourism activities & the rising inflation leads to a rise in living costs are the growth drivers of the North America tiny homes market.
Product type, area, application, and distribution channel are the factors on which the North America tiny homes market research is based.
Major companies in the North America tiny homes market are Skyline Champion Corporation (U.S.), Nestron (Singapore), TIMBERCARAFT TINY HOMES (U.S.), CargoHome (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.), Tiny Idahomes (U.S.), American Tiny House (U.S.), Tiny Heirloom (U.S.), among others.
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