Market Size of Germany Manufactured Homes Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Manufactured Homes Market Analysis
Germany Manufactured Homes Market is USD 8.2 billion in the current year estimated to register a CAGR of over 4% during the forecast period.
- One important demographic for manufactured homes is low-income households. Due to the COVID-19 pandemic and its restrictions in Germany, some low-income households have experienced job losses or reduced working hours. Typically, consumers who buy manufactured homes buy the house and rent the land. The availability of home-only financing has become more challenging for some lenders, which may have an impact on the demand for manufactured houses.
- In Germany, the epidemic has resulted in fewer sales for operators of manufactured home communities, but many believe that demand will pick up once lockdown restrictions are relaxed and more people start working again.
- Demand for manufactured housing is on the rise especially in the developing urban areas of Germany because manufactured homes provide benefits like reduced environmental impact and energy efficiency. Operational effectiveness and cheaper manufacturing costs are manufactured homes' main competitive advantages. These benefits result from the ability to apply standardized procedures in a regulated industrial setting, which decreases waste, gets rid of weather-related delays, and lowers the possibility of theft and vandalism.
- A centrally trained and supervised labor force that is more productive can be used by operators of manufactured housing, giving them greater flexibility and avoiding the challenges of managing a complicated web of paid contractors. Last but not least, manufactured home manufacturers have a cost advantage over materials and appliances thanks to procurement efficiency and volume. In general, manufactured homes cost about half as much per square foot as newly constructed homes on-site.
- Some of the primary challenges faced by the market in Germany are Land-Use Restrictions and Financing. 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.
