APAC Manufactured Homes Industry Overview
| Study Period: | 2019-2028 |
| CAGR: | > 8.7 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Manufactured Homes Market Analysis
Asia Pacific Manufactured Homes Market is USD 20 billion in the current year estimated to register a CAGR of over 8.70% during the forecast period.
- The other motivating aspect will be the growing worries about green infrastructure and sustainable living to meet the needs of the expanding population. There are particular situations where the need for modular housing is more urgent. Manufactured homes can provide low-cost housing for low-income communities in Asia while safeguarding them from calamities and harsh conditions.
- The luxury market is currently presenting prefabricated homes as more than just a straightforward dwelling solution, both in the Asia Pacific and the West. High-end modular home designers are increasingly seeking inspiration outside of the West. The most lucrative market for manufactured building systems is anticipated to be Asia Pacific, and this trend is likely to stay for the foreseeable future. The market for modular homes has significantly increased over the past few years in Asia Pacific nations including China, South Korea, and India. This is giving the market for sustainable building systems a solid boost.
- Due to the rapidly rising demand from the residential sectors of India, China, and Japan, the Asia-Pacific manufactured home market is predicted to have considerable expansion over the forecast period. The Asia-Pacific manufactured homes market is expected to increase rapidly as a result of significant investments made by China and India in the development of their infrastructure.
APAC Manufactured Homes Industry Segments
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. The Asia Pacific Manufactured Homes Market is segmented by Type (Single Family and Multi-Family), and Geography. The report offers market size and forecasts for the Asia Pacific Manufactured Homes Market in value (USD billion) for all the above segments.
| Type | |
| Single Family | |
| Multi Family |
APAC Manufactured Homes Market Trends
Investment to Support the Growth and Innovation in the Housing Sector in Australia
In Australia, there are about 40 not-for-profit organizations that have recently produced affordable homes for lower-income households and are looking to extend this service. There are eleven prominent not-for-profit developers in this category, all of whom have a strong track record and recent expansion. Leading Australian not-for-profit developers are starting to build their skills in creating a range of cost-effective, purpose-designed affordable housing options that have the consent of their tenants.
All Australian governments have lately taken steps to implement financing, legislative, and regulatory methods that let not-for-profit organizations build affordable homes. Although activity levels vary between jurisdictions, governmental funding has typically not been adequate to provide a huge volume of supply or significantly increase private investment. This developing activity might be given more momentum in Australia by new Commonwealth measures, such as providing a larger financial incentive and pushing for nationally consistent regulation of the not-for-profit sector.
All Australian governments have lately taken steps to implement financing, legislative, and regulatory methods that let not-for-profit organisations build affordable homes.Although activity levels vary between jurisdictions, governmental funding has typically not been adequate to provide a huge volume of supply or significantly increase private investment. This developing activity might be given more momentum in Australia by new Commonwealth measures, such as providing a larger financial incentive and pushing for nationally consistent regulation of the not-for-profit sector.
The Australian government pledged help for the building, construction, and manufacturing industries, as well as support for the prefabricated building sector. It has announced the opening of a new collaboration lab to assist manufacturers in creating novel prefabricated buildings that are more economical and environmentally sustainable while also drastically cutting down on construction time.
The Australian government gave USD 21.27 million to PrefabAus, the industry's trade association, to improve structures and make them more affordable, effective, and secure. This programme will result in a 40% reduction in project delays, a 50% reduction in CO2 emissions, and an 80% reduction in building waste. The Australian Research Council made a sizeable investment in the ARC Training Centre for Advanced Manufacturing of Prefabricated Housing, which is run by the University of Melbourne and has received financing of USD 6 million over four years.
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Japan’s prefabricated-housing industry is a world leader in innovation
In Japan, prefabricated building accounts for 15% of all new dwelling construction. Japanese families who employ prefabricated constructions frequently rebuild their homes every 30 years because they view them as depreciating, even though they are intended to endure between 50 and 100 years. While the use of prefabricated building varied by country, it has gained popularity in some markets, such as Japan, which has benefited from connections with other industrial sectors.
Prefabricated dwelling units made up about the same percentage of all Japanese construction buildings over the study period—between 14% and 15%. As of 2019, Tokyo (18,683 units) had the most prefabricated buildings in Japan, followed by Kanagawa (10,864 units), Aichi (10,655 units), Chiba (8,970 units), and Saitama (8,898 units).
With effective production methods, targeted marketing strategies, consumer engagement, and high-quality designs that offer diversity and flexibility at competitive rates, Japan's manufactured home business is a global pioneer in innovation. Customers can design their homes with standardised components thanks to a completely computerised system. Contrary to popular belief in the West, factory-built homes in Japan are seen as being superior than those that are traditionally constructed.
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APAC Manufactured Homes Market Competitor Analysis
There is fierce competition in the market, and only a few companies hold the lion's share. Despite market fragmentation, growth is anticipated over the coming years. Major manufactured home companies in japan are getting into the wooden housing market, including Panasonic Homes and Toyota Homes, while local power builders and construction firms are growing in influence. Major players are Daiwa House Industry, Sekisui House, Ichijo, Panasonic Homes, and Toyota Housing Corporation.
APAC Manufactured Homes Market Top Players
Daiwa House Industry
Sekisui House
Ichijo
Panasonic Homes
Toyota Housing Corporation
*Disclaimer: Major Players sorted in no particular order
APAC Manufactured Homes Market Recent Developments
- June 2022: Daiwa Lifenext Co. Ltd. (Headquarters: Minato-ku, Tokyo, President: Junko Ishizaki) of the Daiwa House Group is working to realize evacuation at home in an apartment that is effective in avoiding damages in case of a natural disaster caused by the corona disaster.
- January 2022: Japanese-backed modular firm gets £12m (USD 14.6 million) investment. Sekisui House UK, a subsidiary of the Japan-based Sekisui, received the capital injection from its owner. Sekisui formally entered the UK market in 2019 when it invested £22m (USD 26.9 million) for a 35 percent stake in a joint venture with Homes England and developer Urban Splash.
APAC Manufactured Homes Market Report - Table of Contents
1. INTRODUCTION
1.1 Market Definition and Scope
1.2 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Industry Value Chain Analysis
4.4 Technological Innovations in the Manufactured Homes Market
4.5 Government Regulations and Initiatives in the Industry
4.6 Insights into Manufactured House Costs
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers/Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of the COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Single Family
5.1.2 Multi Family
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Daiwa House Industry
6.2.2 Sekisui House
6.2.3 Ichijo
6.2.4 Panasonic Homes
6.2.5 Toyota Housing Corporation
6.2.6 Ausco Modular Construction
6.2.7 Shanghai Star House
6.2.8 Archiblox
6.2.9 Anchor Homes
6.2.10 Aussie Modular Solutions*
*List Not Exhaustive7. FUTURE OF ASIA PACIFIC MANUFACTURED HOMES MARKET
8. APPENDIX
APAC Manufactured Homes Market Research FAQs
What is the study period of this market?
The Asia Pacific Manufactured Homes Market is studied from 2019 - 2028.
What is the growth rate of Asia Pacific Manufactured Homes Market?
The Asia Pacific Manufactured Homes Market is growing at a CAGR of >8.7% over the next 5 years.
Who are the key players in Asia Pacific Manufactured Homes Market?
Daiwa House Industry, Sekisui House, Ichijo, Panasonic Homes, Toyota Housing Corporation are the major companies operating in Asia Pacific Manufactured Homes Market.
Asia Pacific Manufactured Homes Industry Reports
In-depth industry statistics and market share insights of the Asia Pacific Manufactured Homes Market sector for 2020, 2021, and 2022. The Asia Pacific Manufactured Homes Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Asia Pacific Manufactured Homes Market report PDF.
