Italy Manufactured Homes Market Size

Italy Manufactured Homes Market Analysis

The size of the Italy Manufactured Homes Market is USD 2.05 billion in the current year and is anticipated to register a CAGR of over 5% during the forecast period. The market is driven by the demand for luxury and spacious housing at affordable prices, along with the rising demand in urban areas of small towns for better living.

• People in Italy are increasingly turning toward prefabricated and modular houses as a less expensive and more sustainable option. The prefab home market in Italy is expanding. NIU Houses aims to provide a global response to architectural and construction processes and has designed a system to carry out house construction most efficiently and effectively.
• In Milan, the prime segment is gaining traction. Most new high-end real estate developments are emerging in urban areas outside the third circle (the road ring that roughly delimited the city's maximum urban extension until the end of WWII), contributing to the city's enlargement. To the west, there is Gambara-Bande Nere and Lorenteggio, with renewed interest in the locality of San Siro; to the south, Corso Lodi and Porta Vittoria; and to the east, Città Studi and Indipendenza-Viale Argonne. Due to new developments, the northern parts of NoLo (Nord di Loreto), Isola, and Bovisa continue to grow. The majority of Milan's modern and luxurious new developments are located in emerging areas outside the third circle due to greater comfort and space.
• The pandemic's shock has accelerated existing trends and introduced new dynamics in the real estate sector, such as the rationalization of offices due to the spread of teleworking and the search for larger homes, possibly with outdoor space. One of the most pressing issues has been the design, quality, and size of living spaces. The search for larger housing solutions has resulted in a greater emphasis on smaller towns, including those in metropolitan outskirts. The dynamics of properties transacted differed between major cities and smaller towns beginning in 2020, resulting in a slight shift in the number of properties transacted in favour of the latter.
• Modular construction differs from traditional construction because the structure is prefabricated in a factory. The structure is divided into sections to be installed in the designated area once completed. Because all fixtures, domestic appliances, and pavements are already installed, the assembled house or building is ready to use. The European prefab market is currently experiencing rapid expansion, and northern European countries are setting the pace for the continent. Italy is regarded as one of the emerging markets with rapid growth. The market for manufactured homes in Italy is expanding due to the efforts of skilled start-ups, such as Vicenza-based Mobu, which are highlighting this construction model.