| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 5.00% |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Egypt Manufactured Homes Market Analysis by Mordor Intelligence
The Egypt Manufactured Homes Market is expected to register a CAGR of greater than 5% during the forecast period.
- The construction sector is a significant contributor to Egypt's economy, with the sector expected to grow at an annual rate of 8.3% until 2029, accounting for 30% of the MENA construction market. As the sector grows in size and importance, alternative and more efficient construction methods are gradually being introduced to Egypt's construction sites. These include prefabricated (or prefab) and modular construction, both of which are gaining popularity around the world as time-saving and cost-effective alternatives to traditional construction. Construction demand will surge in Egypt over the next 10-15 years, and Qubix intends to capitalize on the trend. The introduction of new cities, such as New Alamein or the new administrative capital, as well as increased transportation and energy projects, has aided the sector gain traction as an efficient way to fast-track implementation.
- Prefab has also shone in government water projects such as water treatment and well construction. (Arabian Construction House Group) ACH's fibre panels are water resistant because the lack of metal prevents rusting, which would otherwise result in yearly maintenance costs, and their main customers are oil companies with facilities on the water. In the case of ACH, demand growth has been slower because most Egyptian construction companies are still unsure of the benefits of prefab, especially given the country's low building costs. Because fibre panels are used in prefab buildings as an alternative to metals, prefab demand is heavily influenced by metal prices. The majority of ACH's prefab demand comes from export markets, as other countries outperform Egypt in this sector.
- Egypt's population is growing by 2 million people per year, creating a demand for residential property at all price points. That is, demand rises in every industry every year. Furthermore, there is a high demand for commercial and administrative space from both local and foreign investors, particularly in the New Administrative Capital. Furthermore, the Grand Egyptian Museum's opening will boost the property market in West Cairo as well as Sphinx airport. This is consistent with Egypt's efforts to develop and expand within this region. Aside from the government, the local market requires more regulations between developers and buyers. Historically, property maintenance has not been a priority in Cairo, even though it is critical to their long-term viability.
Egypt Manufactured Homes Market Trends and Insights
Increasing residential real estate prices demanding more manufactured homes construction
Egypt's housing market continues to deteriorate, with the nationwide inflation-adjusted real estate index falling by a massive 12.35% in the year to Q3 2022, after falling by 14.09% the previous quarter. Real house prices fell 1.14% quarter on quarter in Q3 2022. House prices increased by 0.81% in nominal terms during the year to Q3 2022, despite a surge in inflation. Annual inflation accelerated to 18.7% in November 2022, the highest reading since December 2017 and well above the central bank's target range of 5% to 9%.
Prices of residential units have been rising against a backdrop of rising inflation rates since the central bank devalued the pound and raised interest rates by 100 basis points on March 21. Developers have raised their new product prices by 15% to 25%. In terms of market dynamics, we have seen buyers rushing to buy real estate in the medium term in order to hedge against a drop in the value of the local currency against the US dollar. However, higher building material costs should not raise property prices in Egypt by more than 10%.
The Egyptian government has paid close attention to the real estate market, but much work remains to be done to regulate the local market and bring it in line with other real estate markets in the region, such as Dubai and Bahrain, which already have a fully operational RERA. Prices have historically risen faster than inflation and performed well even during times of financial uncertainty. I am very optimistic about Egyptian real estate. In general, Egypt's real estate has performed well as an investment sector during times of crisis.
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Increasing demand for residential real estate driving the market
The Egyptian real estate sector is one of the country's hottest investment areas. Property growth rates have surpassed 15%, according to the Ministry of Planning and International Cooperation. The sector has benefited from the uncertainty and instability of regional and global economic challenges. The performance of the real estate sector in 2021 demonstrates investors' focus on the sector. According to Aqarmap, the nationwide real estate price index increased by 28.3% (22.6% inflation-adjusted), compared to a 30.8% drop in the same period last year. Property investments in Egypt increased by 20% in the second half of 2021, depending on location, while land prices increased by 30%. However, these broad trends do not provide a complete picture of demand.
Housing will continue to be in high demand as the country's population grows by 2.5 million people per year and one million marriages take place. The development of several megaprojects, including the expansion of special economic zones, is stimulating economic growth. Other measures being taken to encourage economic growth include the Suez Canal, New Alamein City, and the New Administrative Capital. For example, the current authorization to use the land for public-private partnerships, combined with fundamentally solid local demand, will boost the housing market.
Despite the expected economic insecurity caused by the Russia-Ukraine war and COVID-19, which will choke the global value chain entertainment, the hotel industry, and possibly the mortgage market, will grow gradually with the reinstatement of public and private events, as well as flexible payment plans. Due to urban mobility and population movement, the renting market will likely grow, particularly in Cairo's city centre and downtown neighbourhoods.
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Competitive Landscape
The Egypt Manufactured Homes Market is fragmented with many local, regional and a few global players. Some of the major players in the market are Industrial Engineering Company for Construction and Development (ICON), DTH PREFAB, Arabian Construction House Group, Middle East Caravan, Rush Projects Egypt "RPE", and many more. The rise in demand is expected to create opportunities for players to grow in the market with help of advanced technology, providing luxury housing at affordable prices.
Egypt Manufactured Homes Industry Leaders
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Industrial Engineering Company for Construction and Development (ICON)
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DTH PREFAB
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Arabian Construction House Group
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Middle East Caravan
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Rush Projects Egypt "RPE"
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- October 2022: Madinet Nasr for Housing and Development (MNHD) announced the signing of a partnership agreement with DMC, one of Egypt's leading general contracting and project construction companies, to build 13 buildings in Taj City's Lake Park project. The project's total investment is EGP 350 million (USD 11.82 million), and it is expected to be completed in 18 months.
- October 2022: Seqoon received a pre-seed round of USD 500,000 from one of Egypt's Banque Misr as part of the bank's pilot program to support innovative startups in Egypt. The program aims to assist financial technology (FinTech) startups by providing subject matter sponsors from Banque Misr, as well as international subject matter experts for guidance and mentorship in upcoming accelerated ventures. By 2023, Seqoon intends to expand into other Red Sea destinations such as Dahab and the Mediterranean North Coast.
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Egypt Manufactured Homes Market Report Scope
Manufactured housing (MH) is a type of home that is built primarily or entirely off-site at a factory before being moved to a piece of land. The cost of construction per square foot for manufactured housing is typically much lower than for traditional on-site homes. A complete background analysis of the Egypt 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 Egypt Manufactured Homes Market is segmented By Type (Single Family, and Multi-Family). The report offers market size and forecasts for the Egypt Manufactured Homes Market in value (USD billion) for all the above segments.
By Type
| Single Family |
| Multi Family |
| By Type | Single Family |
| Multi Family |
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Key Questions Answered in the Report
What is the current Egypt Manufactured Homes Market size?
The Egypt Manufactured Homes Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)
Who are the key players in Egypt Manufactured Homes Market?
Industrial Engineering Company for Construction and Development (ICON), DTH PREFAB, Arabian Construction House Group, Middle East Caravan and Rush Projects Egypt "RPE" are the major companies operating in the Egypt Manufactured Homes Market.
What years does this Egypt Manufactured Homes Market cover?
The report covers the Egypt Manufactured Homes Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Egypt Manufactured Homes Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Egypt Manufactured Homes Market Report
Statistics for the 2025 Egypt Manufactured Homes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Manufactured Homes analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
