Global Tiny House Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tiny House Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Tiny houses may be rented or owned. people may choose a mini home on wheels or their small home may set on a foundation. Most tiny houses are independent structures—some are parked on land with other buildings or a larger home. Other tiny houses are parked on people's own lot. Some tiny houses are designed and built by the owner themselves, while others are purchased, adapted from trailers, or built from a tiny house kit. Tiny houses come in all shapes, sizes, and forms, but they all enable simpler living in a smaller, more efficient space.

A Tiny House ideally (partly) self-sufficient, of high quality and functioning as a fulltime inhabited dwelling. The tiny-house movement promotes financial prudence, economically safe, shared community experiences, and a shift in consumerism-driven mindsets.

Market Overview:

The latest research study on the global Tiny House market finds that the global Tiny House market reached a value of USD 715.24 million in 2022. It’s expected that the market will achieve USD 1139.42 million by 2028, exhibiting a CAGR of 8.07% during the forecast period.

Market Drivers

The growing popularity of environmentally-efficient homes will significantly influence the market landscape.
Most Tiny Houses are designed to receive their services in ways that are less environmentally exhaustible. Electrical grids and public utilities are a distinguishable way Tiny Houses receive various water, electric and plumbing services. This detail is critical for consideration when individuals move from average sized homes to Tiny Houses because it allows individuals to both save money while using less environmental resources.
Tiny Houses manufacturers are mainly focusing on building homes that reduce the environmental impact of owners. Tiny Houses are highly energy-efficient, and most of these homes are solar-powered. These homes require a significantly smaller number of electronic components and fixtures than conventional homes. Manufacturers also spray a clear coating of metallic oxide on the windows to control the temperature of these homes. With the increasing preference for environmentally-efficient homes, one of the critical Tiny Houses market trends, the popularity of Tiny Houses will increase further. Therefore, the popularity of environmentally efficient is a key factor driving the Tiny Houses market growth.
Homelessness is a critical issue in the United States. According to The U.S. Department of Housing and Urban Development, about 550,000 individuals were experiencing homelessness on a given night in 2018. Over half of those individuals were able to sleep in different types of shelters while roughly thirty-five percent were unable to reside in a sheltered area. Despite the little information provided on this issue in popular media, homelessness has the capacity to affect the environment dramatically. According to the Environmental Council of Sacramento, homelessness is a contributor to environmental deterioration. For example, waste [litter, drug paraphernalia, etc.] produced by the homeless accumulates around their living spaces which tend to be near waterways, sewage systems, or parks. This leads to the contamination of the surrounding ecosystem. The Environmental Council offers steps towards conserving the environment while simultaneously dealing with the issue of homelessness. These steps include the cleaning of various water systems and public spaces in order to provide both clean water and clean areas for all individuals of the community. One of these steps also includes governmental intervention in establishing sanitary and safe spaces for the homeless in order to prevent further environmental destruction. Luckily, systems for just that are beginning to form though the tiny house movement.
A critical form of combating chronic homelessness is the establishment of tiny house communities. Those behind such establishments aim to help individuals solve their housing problems and offer a space where individuals can connect with others who find themselves in similar circumstances. Creating these communities requires a variety of support, however the end goal is ultimately shared. The primary actors behind the building and funding of Tiny Houses for the homeless are non-profit organizations. Their goal is not only to give homeless people a place to live, but also offer them resources to help them in all aspects of their lives. Building communities of Tiny Houses for the homeless is a group effort involving the homeless, cities themselves, and housing patrons. Through their efforts, the issue of homelessness in itself, along with its effects on the environment, are being continuously combated and improved.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are New Frontier Tiny Homes, BOSS Tiny House and Liberation Tiny Homes with the revenue market share of 1.44%, 1.13% and 1.13% in 2019.

New Frontier Tiny Homes

Founded in 2015, the company's goal is to design and build a home to support the life of people's dreams. It believes form and function should drive not only the design of each home, but every single detail too.
The company intends to drive the evolution of the tiny house movement by designing and building beautiful, custom tiny homes. It uses the finest material and highest standards of craftsmanship to execute its original designs.
The company is deeply committed to and involved in ensuring that regulations recognize tiny homes as permanent residences in urban settings - both as single homes and within tiny house communities. Big change starts small, and it is working to bridge gaps and help individuals and communities achieve more together.

BOSS Tiny House

It is a company of 10 who build tiny homes on wheels for those looking to take back their lives. Its quality is represented from its entry-level home, the Rumspringa, and our luxurious full-custom homes.
The company designs, builds, and ships tiny houses on wheels throughout America. Its years of experience in the construction industry comes through in the quality of its homes.
Many of the product materials are sourced locally from talented and professional businesses.

Segmentation Overview:

Among different product types, ≤130 Square Feet segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Household segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Tiny House market covered in Chapter 3:

Mint Tiny House Company
Mustard Seed Tiny Homes
Minimaliste Houses
Rhino Cubed
Escape Traveler
New Frontier Tiny Homes
Tiny Eco Homes UK Ltd.
Honomobo
Tiny House Scotland
Backcountry Containers
Tiny Mountain Houses
Al Tiny Homes
Liberation Tiny Homes
MODS International
BOSS Tiny House

In Chapter 4 and Chapter 14.2, on the basis of types, the Tiny House market from 2018 to 2029 is primarily split into:

≤130 sq. ft
130~400 sq. ft

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tiny House market from 2018 to 2029 covers:

Household
Commercial
Nonprofit Institution

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)