Market Size of Canada Manufactured Homes Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 3.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Canada Manufactured Homes Market Analysis
The size of Canada manufactured homes market is USD 1.5 billion in the current year and is anticipated to register a CAGR of over 3% during the forecast period.
- The COVID-19 epidemic has also caused an urgent demand for solutions for homes, schools, and healthcare facilities. As a result, throughout the anticipated period, the aforementioned variables are anticipated to fuel the expansion of the manufactured home market in Canada.
- In towns across Canada, manufactured housing is becoming more and more popular as a practical solution for providing livable and cheap accommodation. This style of housing, also known as modular or pre-fabricated dwellings, is created in factory-controlled environments before being transported to the construction site, either in portions or as a whole, for installation and completion. One of the benefits of the manufactured home is cost efficiency. Construction may be done year-round in a climate-controlled setting without the disruptions and added expenses caused by inclement weather and temperature swings.
- The effective use of building materials, ease of labor scheduling, and ability to buy supplies in bulk are all made possible by computer-aided design and manufacture, which also permits customization of the final product. Constructing different parts of the home concurrently allows for quicker building timelines. Manufacturing facilities tend to be more secure than building sites, which reduces material losses and theft. The air-sealing process and overall quality control can be enhanced by using precise production tools and procedures. In addition, manufactured housing may be quickly and easily installed in isolated rural places, ecologically sensitive locations, or on small urban lots.
- Local companies, people, and organizations across Canada are at the center of initiatives to build more affordable housing in their neighborhoods. To assist the development of new affordable housing options without federal subsidy, the Affordable Housing Centre collaborates with for-profit and non-profit developers.
Canada Manufactured Homes Industry Segmentation
The manufactured homes, sometimes also called mobile homes, are constructed offsite, and once the entire structure is completed, the final product is transported to the desired location. The offsite works also include plumbing works, electrical works, installing the air conditioners, wiring, etc.
A complete background analysis of the Canada Manufactured Homes Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is covered in the report. The Canada Manufactured Homes Market is segmented By Type (Single Family and Multi-Family). The report offers size and forecasts for Canada Manufactured Homes Market in value (USD billion) for all the above segments.
By Type | |
Single Family | |
Multi Family |
Canada Manufactured Homes Market Size Summary
The Canada manufactured homes market is experiencing a notable expansion, driven by the increasing demand for affordable and efficient housing solutions. This sector, which includes modular and pre-fabricated dwellings, is gaining traction as a viable option for providing cost-effective accommodation across the country. The construction of these homes in controlled factory environments allows for year-round building, minimizing delays caused by weather conditions and enhancing cost efficiency. The use of advanced technologies such as computer-aided design and manufacturing facilitates customization and faster construction timelines, making manufactured homes an attractive alternative to traditional building methods. This trend is further supported by local initiatives and government programs aimed at addressing the housing shortage in Canada, particularly in the wake of the COVID-19 pandemic.
The market landscape is characterized by a mix of international, regional, and local players, with companies like Alta-Fab Structures, ATCO, and Champion Home Builders leading the charge. The Canadian government's Rapid Homes Initiative (RHI) has been instrumental in promoting the development of manufactured homes, providing significant funding to create affordable housing units. This initiative, along with partnerships with major financial institutions, underscores the commitment to reducing the housing gap through flexible and efficient construction methods. As the demand for housing continues to rise, the manufactured homes market in Canada is poised for further growth, offering a promising solution to the country's housing challenges.
Canada Manufactured Homes Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Supply Chain / Value Chain Analysis
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1.3 Technological Innovations in the Manufactured Homes Market
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1.4 Government Regulations and Initiatives in the Industry
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1.5 Insights into Manufactured House Costs
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Single Family
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2.1.2 Multi Family
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Canada Manufactured Homes Market Size FAQs
What is the current Canada Manufactured Homes Market size?
The Canada Manufactured Homes Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Canada Manufactured Homes Market?
Alta-Fab Structures, ATCO, Champion Home Builders, NRB Modular Solution and Stack Modular are the major companies operating in the Canada Manufactured Homes Market.