Major players in container house market are Giant Containers, SG Blocks, Inc., Gaint Containers, Anderco Pte Ltd. and Container Homes USA. The global container home market is expected to rise from $46.
New York, Sept. 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Container Houses Global Market Report 2022” – https://www.reportlinker.com/p06320397/?utm_source=GNW
$63 billion in 2021 to $51.35 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The container home market is expected to reach $67.96 billion in 2026 with a CAGR of 7.3%.
The container home market is the sale of homes developed using shipping containers. Container home builders use shipping containers to build high quality, durable and affordable homes.
These houses are considered environmentally friendly houses because they are made from used containers, which reduces the use of metal.
The container home market covered in this report is segmented by construction type into fixed, mobile. The container home market is also segmented by end user into residential homes, recreational homes, emergency homes, retirement homes and by architecture type as duplex/bungalow, small house, multi-storey building/apartments.
Regions covered in the Container Homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Space constraint issues and the resulting rising housing prices in most major cities around the world are driving the growth of the container home market. Container homes use old shipping containers to build their homes and require very less space than conventional homes. houses, thus saving space.
According to Discover Containers, every time a 40ft container is recycled and reused to build a house, nearly 3,500 kilograms of steel can be reused, which would otherwise be melted down. Additionally, people in urban areas are opting for container homes in order to afford a cheaper living as container homes cost less than traditional homes.
The affordable housing program in Alberta received $10 million in funding from the US federal government. The program aims to use repurposed shipping containers to build homes.
The container home market is expected to benefit from increasing space constraints and housing prices over the forecast period.
The high possibility of corrosion is limiting the growth of the container homes market. The life of the container house is highly dependent on the climate the shipping container is in.
Container homes corrode faster in coastal areas due to a large amount of salt in the air. For example, according to the Confoot report, the average lifespan of a heavily used container house is close to 10 to 15 years if high maintenance is applied.
For container houses that are not used as often, they can last up to 25 years, after which they cannot be used. This reliance of container houses on climatic factors and their high vulnerability to corrosion is restraining the growth of the market.
Companies in the container home market are increasingly adopting artificial intelligence (AI) in container home manufacturing, to develop better designs for homes. AI can be used to detect and resolve any construction issues before starting the manufacturing process.
AI is an essential sketching platform that helps in generating many innovative layouts or designs. This helps companies reduce manufacturing costs and times and improve construction safety.
Through the use of artificial intelligence, customers can also accurately correlate the size of the area to the number of goods or appliances that will fit in that respective area.
The container home market is regulated by various regulatory bodies and obtaining permission to build container homes is a complex process. A container home cannot be built anywhere, as some zoning regulations and building codes restrict such construction.
According to zoning regulations, all houses of similar construction are built together in one place. Whereas the building codes set out the standards to be followed for the construction of a container house.
Building codes include information on the type of formation to use, square footage requirements for each room, minimum insulation required, and other specifications.
Countries covered in the Container Homes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06320397/?utm_source=GNW
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