Market Size of UK Manufactured Homes Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.60 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Manufactured Homes Market Analysis
The size of the UK Manufactured Homes Market is USD 4.2 billion in the current year and is anticipated to register a CAGR of over 4.6% during the forecast period
- The COVID-19 epidemic has impacted the economy of the region and interfered with business activities. The government-imposed shutdown has compelled the enterprises to postpone their initiatives. The lockdown restrictions have reduced market participants' ability to generate income. A shortage of laborers is the result of social exclusion and a lockdown that was mandated.
- The market for manufactured and mobile houses is driven by the popularity of affordable housing among people all over the UK. One significant trend that has supported the growth of the market for manufactured houses is the rising popularity of prefabricated homes. Design and construction, body and frame requirements, thermal protection, plumbing, electrical fire safety, and energy efficiency are the main determining factors. Some of the recent technologies that are used in manufactured homes include built-in wireless connectivity, pop-up power strips, keyless entry, and NEST Thermostats.
- According to a recent research, if the government follows through on its promise to build 300,000 homes annually, England will spend all of its 1.5C carbon budget on housing alone. By 2050, the housing system would consume 104% of the nation's total carbon budget if new dwellings were constructed at the same rate as existing ones and present efficiency trends continued. The study suggests that more sustainable solutions to the housing crisis include drastically modifying existing homes, reducing the number of second homes, discouraging people from purchasing homes as financial ventures, and forcing people to live in smaller homes.
- By 2030, the government has promised to adopt legally binding standards that will require all new initiatives to result in a "biodiversity net gain." Building developments for commercial and residential use constitute a hazard to 24% of the world's threatened species listed on the IUCN Red List. According to the researchers, retrofitting existing stock to make all homes zero carbon by 2050 would save 38% of the total carbon budgets needed to limit global warming to 1.5 degrees Celsius. They also note that this is "by far the most effective policy for reducing housing's conflict with climate targets." Although though the report did not examine how many homes the government should be constructing, it is theoretically conceivable to meet housing demands without a rapid expansion of the housing stock. According to the researchers' estimates based on data from the English Housing Survey, there are 1.2 million empty or underused homes.
UK Manufactured Homes Industry Segmentation
A manufactured home is a structure that is constructed almost entirely in a factory and rests on a permanent chassis. The house is placed on a steel chassis (a supporting frame) and transported to the building site. A manufactured home is one type of factory-built housing. A complete background analysis of the United Kingdom 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 UK Manufactured Homes Market is segmented By Type (Single Family and Multi-Family). The report offers market size and forecasts for UK Manufactured Homes Market in Value (USD Billion).
By Type | |
Single Family | |
Multi Family |
UK Manufactured Homes Market Size Summary
The UK manufactured homes market is experiencing a notable expansion, driven by the increasing demand for affordable housing solutions across the country. The popularity of prefabricated and modular homes is on the rise, as these options offer cost-effective and efficient alternatives to traditional construction methods. The market is influenced by several factors, including advancements in design and construction technologies, such as built-in wireless connectivity and energy-efficient systems. The government's commitment to addressing the housing crisis by constructing a significant number of new homes annually has further fueled the growth of this sector. Despite challenges posed by the COVID-19 pandemic, such as labor shortages and economic disruptions, the market continues to thrive, supported by innovative approaches and sustainable practices.
Urbanization in the UK is a key driver of the manufactured homes market, with a substantial portion of the population residing in urban areas, particularly in major metropolitan regions like Greater London. The high cost of living and rising rental prices in these urban centers have led to an increased interest in manufactured and prefab housing solutions. The market is characterized by a fragmented landscape, with numerous international and local players offering a range of affordable housing options. Companies like Ilke Homes and Legal & General are at the forefront of this transformation, investing in manufacturing facilities to meet the growing demand for high-quality, environmentally friendly homes. The introduction of additive manufacturing and eco-friendly production methods is expected to further enhance the sector's growth, aligning with the broader trend towards sustainability and energy efficiency in construction.
UK 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 Technological Trends
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1.3 Industry Value Chain/Supply Chain Analysis
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1.4 Government Regulations and Key Initiatives in the Market
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1.5 Brief on Different Structures Used in the Manufactured Home Industry
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1.6 Cost Structure Analysis of the Manufactured Home Industry
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1.7 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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UK Manufactured Homes Market Size FAQs
What is the current UK Manufactured Homes Market size?
The UK Manufactured Homes Market is projected to register a CAGR of greater than 4.60% during the forecast period (2024-2029)
Who are the key players in UK Manufactured Homes Market?
Bouygues construction, Lendlease corporation limited, Laing O’Rourke, campion homes and Timberlogbuild are the major companies operating in the UK Manufactured Homes Market.