Shipments of Prefabricated Housing in the United States are Projected to Reach 133 Thousand Units by 2020

Growing Consumer Preference for Modular Homes Drives the Prefabricated Housing Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive report on the US Prefabricated Housing market. Shipments of Prefabricated Housing in the United States are projected to reach 133 thousand units by 2020, driven by the strong demand for eco-friendly and energy-efficient modular homes.

With governments worldwide focused on addressing issues related to the supply of affordable housing, demand for prefabricated housing is expected to witness healthy growth. Adequate, affordable and quality homes are building blocks for the creation of strong and stable communities. Adoption of comprehensive community development strategies is benefiting prefabrication technologies which allow houses to be built quickly and cost effectively. The need for affordable housing additionally attracts increased attention in the present economic climate where consumers are wary of spending heavily on site-built homes. Prefabricated homes come at a price which is about 20 percent lesser than traditional homes built on-site.

Manufactured, modular, panelized, and precut homes are major types of prefab housing solutions available in the United States. Manufactured housing represents the largest market segment accounting for the bulk of shipments. While manufactured homes are built according to HUD building Code, modular, panelized, and precut homes are built as per the state and local building regulations. Prefabricated housing market is mature in the United States and is driven by favorable federal housing policies and national level efforts to improve housing conditions. Key factors driving growth of modular homes include monetary, legal, and taxation benefits on par with onsite-built homes, and growing environmental awareness and regulatory pressures which are encouraging interest in eco-friendly and energy-efficient homes. Other advantages offered by factory built homes include better quality and durability as building processes carried out in controlled environments; reduced raw material wastages; and economies of scale in purchasing building materials and components. Given their huge order quantities, manufacturers of prefabricated housing have higher bargaining power with material suppliers. The production cost benefits achieved in manufacturing factory built homes are passed on to the final customer, making prefab houses cheaper and affordable.

As stated by the new market research report, prefabricated housing is re-emerging as a one-stop solution for affordable, eco-friendly housing in the United States, after years of sluggish growth. Single-Section Manufactured Housing is expected to witness the highest growth at a projected CAGR of 5.4% over the analysis period.

Leading players covered in the report include American Ingenuity Inc., American Homestar Corporation, Cavco Industries Inc., Palm Harbor Homes, Champion Home Builders Inc., Clayton Homes Inc., Commodore Corp., Deltec Homes Inc., Endeavor Homes, Gastineau Log Homes, Innovative Building Systems Inc., All American Group LLC, Excel Homes Group LLC, Lindal Cedar Homes Inc., Muncy Homes Inc., New Panel Homes Inc., Pacific Modern Homes Inc., Pleasant Valley Homes Inc., Professional Building Systems Inc., Ritz-Craft Corporation Inc., Signature Building Systems Inc., Skyline Homes, Southland Log Homes, and Wisconsin Log Homes Inc., among others.


The research report titled “Prefabricated Housing: A US Market Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of the value chain, product and market trends as well as challenges, growth drivers, competitive scenario, and regulations in the US prefab housing market. The report provides market estimates and forecasts of unit shipments of prefabricated houses in the US market across major product segments, such as, Manufactured Housing (Single-Section and Multi-Section), Modular Housing, Precut Housing and Panelized Housing.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more