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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
