Global Mobile Homes Market 2017-2021

Overview of the global mobile homes market

Research analysis on the global mobile homes market identifies that the high cost associated with conventional house construction will be one of the major factors that will have a positive impact on the market’s growth in the coming years. The cost of site-built houses has been growing faster than the income growth for most sections of the society. This is encouraging new buyers to invest in mobile homes as a permanent housing solution. Additionally, the growth in seasonal tourism will also lead to the demand for low-cost mobile homes. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 8% by 2021.

The growing number of retirement home parks/ estates will be one of the latest trends that will gain traction in the mobile homes market during the next four years. The increase in demand for mobile homes from retirees is inducing several mobile park and vacation park operators to convert these parks to exclusive retirement home communities. Owing to factors such as the improved comfort they provide, the high prices of houses, and insufficient savings, several retirees prefer low-cost mobile homes to manage their funds and save money for healthcare services.

Competitive landscape and key vendors