Global Mobile Homes Market 2017-2021
About Mobile Homes
A mobile home is a residential structure having a permanently attached chassis, which is completely built and assembled in a factory. This structure is then transported to a physical site on its own wheels or towed on trucks, where it is attached permanently or semi-permanently to the land, and connected with pre-existing utilities. Mobile homes usually come installed with all plumbing fittings, heating, ventilation and air-conditioning (HVAC) systems, and necessary electrical appliances.
Technavio’s analysts forecast the global mobile homes market to grow at a CAGR of 7.86% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mobile homes market for 2017-2021. To calculate the market size, the report considers the demand from end-users and annual sales data.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mobile Homes Market 2017-2021
Technavio recognizes the following companies as the key players in the global mobile homes market: Clayton, Cavco Industries, CHAMPION HOME BUILDERS, Sunshine Homes, and Skyline
Other Prominent Vendors in the market are: American Homestar, Eastcoast Homes & Park Cabins, Kent Homes, Kit HomeBuilders West, Lissett Homes, Live Oak Homes, Omar Park Homes, Pathfinder Homes, PHPLH, ScotBilt Homes, SHELTER, Tingdene Homes, and Parkwood Modular Buildings
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing number of retirement home parks/ estates. Retirees and people aged over 50 form a major portion of the mobile home residents globally. This share is expected to keep rising as the number of baby boomers and early X-generation people, who constitute the majority of the global population, will retire during this decade. This increase in the demand for mobile homes from retirees is leading several mobile park and vacation park operators to convert these parks to exclusive retirement home communities.”
According to the report, one of the major drivers for this market is High cost of conventional house construction. The high cost of conventional site-built homes is driving the demand for mobile homes in most markets. The cost of site-built houses has been growing faster than the income growth for most sections of the society, which is encouraging new buyers to invest in mobile homes as a permanent housing solution.
Further, the report states that one of the major factors hindering the growth of this market is Depreciation in value of mobile homes over time. Mobile homes, unlike conventional site-built homes, are considered as capital assets and depreciate in their value over time like other capital goods. Therefore, mobile homes are not considered as good long-term investment options.
Clayton, Cavco Industries, CHAMPION HOME BUILDERS, Sunshine Homes, Skyline, American Homestar, Eastcoast Homes & Park Cabins, Kent Homes, Kit HomeBuilders West, Lissett Homes, Live Oak Homes, Omar Park Homes, Pathfinder Homes, PHPLH, ScotBilt Homes, SHELTER, Tingdene Homes, and Parkwood Modular Buildings