Manufactured Homes and Mobile Homes Market: Overview
The drive for Manufactured Homes and Mobile Homes market stems from the traction that affordable homes have gathered in worldwide populations. The growing popularity of prefabricated homes is a key trend that has bolstered the expansion of the Manufactured Homes and Mobile Homes market. Manufactured, modular, and mobile homes all are different terms, technically. The key differentiating parameters are design and construction; body and frame requirements; thermal protection; plumbing and electrical fire safety; and energy efficiency.
The contours of the global manufactured homes, modular homes, and mobile market has witnessed the rise of site-built homes that are made to comply to regional, local, and national regulations and building codes. One such code is Federal Manufactured Housing Construction and Safety Standards Act in the U.S. Key application areas are commercial and residential sectors.
Manufactured Homes and Mobile Homes Market: Key Trends
The drive for affordable housing for people who need to move frequently has propelled the demand of manufactured and mobile homes. The increasing trend of making modular and manufactured homes customized has spurred growth in the Manufactured Homes and Mobile Homes market. Modular homes are especially attractive due to the fact that they produce less waste since they are made in climate controlled home building facilities. The key advantages underpinning the popularity are energy savings, shorter build times, and robust build.
Advances being made in safety standards are boosting the growth potential for businesses in the Manufactured Homes and Mobile Homes market. These homes also reduce weather-related delays.
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Manufactured Homes and Mobile Homes Market: Competitive Analysis and Key Developments
Companies in the Manufactured Homes and Mobile Homes market are aiming to offer home buyers a mix of site-built and off-site homes. Most players are expected to gain a foothold by adopting state-of-the-art design and home building technologies. Several players are fervently meeting the needs of strength and durability of manufactured homes by using quality materials. Top players are cautious of meeting all local and regional housing building codes. They are employing trained craftsmen also.
Several players in the Manufactured Homes and Mobile Homes market are attracting prospective dwellers with cost-efficient solutions. They are keen on ensuring that all stages of offs-site building process is closely monitored. Top players are leveraging their technical expertise to customize the homes to meet the changing demands of consumers, particularly in relation to flooring, cabinetry, and exterior finish.
Some of the players aspiring for prominent stakes in the Manufactured Homes and Mobile Homes market are:
- Wardcraft Homes
- Blu Homes, Inc.
- Nationwide Homes
- Chief Industries, Inc.
- Commodore Homes
- Professional Building Systems, Inc.
- Pleasant Valley Homes, Inc.
- Redman Homes
Other prominent companies in the market are Irontown Homes, Woodlund Homes, Nobility Homes, Palm Harbor Homes, Red Sea Housing, Kwikspace Modular Buildings (Pty) Ltd., Jacobsen Homes, Modular Space Corporation, Daiwa House, Champion Homes, Cavco Industries, Inc., Laing O'Rourke, Seikisui House, Lendlease Corporation, and Algeco Scotsman.
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Manufactured Homes and Mobile Homes Market: Regional Assessment
The study offers a critical assessment of the current opportunities and emerging avenues in various regions. It also takes a closer look at the share and size of key regional markets in the global landscape. Further, it offers scrutiny of the trends and factors that stimulate investments in some regions. It also takes a closer look at the new avenues that might crop at established markets.
Key regions analysed in the study are North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Some of the key countries where opportunities are expected to rise at the U.S., China, India, and the U.K.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.