Market Size of UAE Manufactured Homes Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Low |
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?
UAE Manufactured Homes Market Analysis
The size of UAE Manufactured Homes market is USD 765.23 Million in the current year and is anticipated to register a CAGR of over 7% during the forecast period
- The COVID-19 pandemic has badly affected the UAE manufactured homes market mainly due to the halt in international trade, prolonged lockdowns, and ceased construction processes. The COVID-19 pandemic has drastically affected the UAE economy. Moreover, it has disrupted the operations of many companies in the manufactured homes market, which has forced the companies to halt their business operations to comply with the safety measures being announced by the governments.
- The market is driven by factors such as the availability of better-quality homes, the requirement for less construction time, the rising demand for energy-efficient homes, and growing construction spending. According to experts, manufactured homes are considered to be 50% more efficient than on-site houses, and hence the growing demand for energy-efficient houses fuels the need for manufactured homes.
- In contrast, low perceived resale value, highly competitive market, and lack of awareness among people are acting as key restraints of this market. Untapped opportunities in emerging countries and rising investment in research and development are expected to create opportunities for the market in the future. Today's manufactured homes offer amazing interiors and a modern residential outlook from the outside.
