Expenditure

Global Tiny Homes Market – Actionable Research on COVID-19 | Growing Expenditure on Cost-efficient Homes to Boost the Market Growth

LONDON–(BUSINESS WIRE)–Sep 30, 2020–

The global tiny homes market size is poised to grow by USD 5.80 billion during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Tiny Homes Market 2020-2024 (Graphic: Business Wire).

Tiny homes are the most affordable housing systems and are preferred by millennials. The high cost of conventional homes is influencing the popularity of tiny homes among consumers. Moreover, the rising cost of living, coupled with spurring interest on home loans, has prompted consumers to opt for affordable housing. With the growing competition and customer demand for innovative products, vendors are increasingly focusing on improving their research and development operations. Millennials and baby boomers account for the significant share of the population who prefer homes that are energy-efficient and have a low maintenance cost. The growing customer expenditure on cost-efficient homes will subsequently influence the growth of the global tiny homes market during the forecast period.


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Report Highlights:

  • The major tiny homes market growth came from mobile tiny homes segment. The demand for mobile tiny homes, which are cost-effective, is increasing because of the high real estate investment in conventional homes. The demand is mostly among the youth who cannot afford an expensive conventional property and among the
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COVID-19 Recovery Analysis: Ceramic Sanitary Ware Market | Increasing Expenditure on Bathroom Remodeling to boost Market Growth

Technavio has been monitoring the ceramic sanitary ware market and it is poised to grow by 226.25 million units during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005262/en/

Technavio has announced its latest market research report titled Global Ceramic Sanitary Ware Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CERA Sanitaryware Ltd., Duravit AG, Geberit AG, HSIL Ltd., Kohler Co., LIXIL Group Corp., R.A.K Ceramics PJSC, Roca Sanitario SA, Toto Ltd., and Villeroy & Boch AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing expenditure on bathroom remodeling has been instrumental in driving the growth of the market. However, crawling defects of ceramics might hamper the market growth.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and

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