ASEAN Manufactured Homes Market Size (2024 - 2029)

The ASEAN manufactured homes market is experiencing growth despite challenges posed by the COVID-19 pandemic, which disrupted trade and construction activities, impacting revenue flows. The demand for affordable housing, driven by rapid population growth and urbanization in ASEAN countries, is boosting the market size of manufactured homes, known for their cost-effectiveness and quick construction. However, fluctuations in steel prices and rising mortgage interest rates are potential constraints on market expansion.

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Market Size of ASEAN Manufactured Homes Industry

ASEAN Manufactured Homes Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.00 %
Market Concentration Low

Major Players

ASEAN Manufactured Homes Market Major Players

*Disclaimer: Major Players sorted in no particular order

ASEAN Manufactured Homes Market Analysis

ASEAN Manufactured Homes Market is expected to register a CAGR of more than 5% during the forecast period.

  • The COVID-19 pandemic has badly affected the ASEAN manufactured homes market mainly due to the halt in international trade, prolonged lockdowns, and ceased construction processes. The COVID-19 pandemic has drastically affected the ASEAN economy. Moreover, it has disrupted the operations of many companies in the manufactured homes market, which has forced the companies to halt their business operations to comply with the safety measures being announced by the governments.
  • In addition, disruption in the supply chain due to a halt in operations has significantly impacted the revenue flow of the players in the market. Further, the implementation of measures such as lockdown and social distancing during this pandemic has resulted in a shortage of manpower, which, in turn, has negatively impacted the manufactured homes market revenue.
  • Rapid population growth along with rapid urbanization has resulted in the need for affordable housing in ASEAN countries. Manufactured homes offer a revolutionary solution to the problem of affordable and quality accommodation. Manufactured homes cost at least half the price of comparable traditional new homes and take less time to construct, owing to these advantages, the demand for manufactured homes is increasing in the ASEAN market.
  • Demand for manufactured homes is on the rise in developing countries such as Thailand, Malaysia, etc., due to the advantages of manufactured homes such as energy efficiency and less carbon footprint in the environment.
  • Fluctuations in the prices of steel which is the major raw material for construction affect the profitability of suppliers which is expected to restrain the growth of the ASEAN manufactured homes market during the forecast period. An increase in interest rates for mortgage loans makes buying a house a costly affair. This is also expected to restrain the market growth during the forecast period.

ASEAN Manufactured Homes Industry Segmentation

Manufactured homes, sometimes referred to as mobile homes or trailers, are completely constructed in a factory and built on a fixed, steel chassis (rather than a permanent foundation). These homes are also usually built with wheels, which are detached after towing to the home site, which is either privately owned or leased to the homeowner.

The ASEAN Manufactured Homes Market is Segmented by Type (Single Family and Multi-Family), and by Countries (Malaysia, Thailand, Singapore, Indonesia, Vietnam, Philippines, and the Rest of the ASEAN countries).

The report offers the market sizes and forecasts for the ASEAN Manufactured Homes Market in value (USD) for all the above segments and the impact of COVID-19 on the market.

By Type
Single Family
Multi-Family
By Countries
Malaysia
Thailand
Singapore
Indonesia
Vietnam
Philippines
Rest of ASEAN Countries
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ASEAN Manufactured Homes Market Size Summary

The ASEAN manufactured homes market is poised for significant growth, driven by rapid urbanization and the increasing demand for affordable housing solutions. The market, which faced challenges due to the COVID-19 pandemic, such as supply chain disruptions and halted construction activities, is expected to recover and expand. Manufactured homes offer a cost-effective alternative to traditional housing, with benefits like reduced construction time and lower material costs, making them an attractive option for urban populations in ASEAN countries. The rising need for affordable and quality accommodation, particularly in developing nations like Thailand and Malaysia, is further propelling the demand for manufactured homes. Despite potential challenges such as fluctuating raw material prices and increased mortgage interest rates, the market is anticipated to grow steadily over the forecast period.

The manufactured homes market in ASEAN is characterized by its competitive and fragmented nature, with several key players actively enhancing their offerings to meet evolving consumer needs. Companies like Moderna Homes Pte Ltd, DTH PREFAB, and Axtrada (Malaysia) Sdn Bhd are prominent in the market, contributing to its dynamic landscape. Recent investments, such as the establishment of a new manufacturing facility in Malaysia, underscore the industry's commitment to scaling production and meeting the growing demand. Additionally, innovative projects, like the carbon tech modular home in Indonesia, highlight the sector's focus on affordability and sustainability, catering to low-income communities. These developments are expected to drive the market's expansion, positioning manufactured homes as a viable solution to the housing challenges faced by ASEAN countries.

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ASEAN Manufactured Homes Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Industry Value Chain/Supply Chain Analysis

    4. 1.4 Government Regulations and Key Initiatives in the Market

    5. 1.5 Brief on Different Structures Used in the Manufactured Housing Industry

    6. 1.6 Cost Structure Analysis of the Manufactured Housing Industry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Single Family

      2. 2.1.2 Multi-Family

    2. 2.2 By Countries

      1. 2.2.1 Malaysia

      2. 2.2.2 Thailand

      3. 2.2.3 Singapore

      4. 2.2.4 Indonesia

      5. 2.2.5 Vietnam

      6. 2.2.6 Philippines

      7. 2.2.7 Rest of ASEAN Countries

ASEAN Manufactured Homes Market Size FAQs

The ASEAN Manufactured Homes Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Moderna Homes Pte Ltd, DTH PREFAB, Axtrada (Malaysia) Sdn Bhd, Karmod and Sekisui Chemical Co. Ltd are the major companies operating in the ASEAN Manufactured Homes Market.

ASEAN Manufactured Homes Report Snapshots

ASEAN Manufactured Homes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)