According to the research report titled ‘Global Tiny homes Market Size study, by Product (Mobile tiny homes and Stationary tiny homes) and Regional Forecasts 2021-2027‘, available with Market Study Report, global tiny homes market is slated to record significant growth over 2021-2027.
 

High cost of housing that is driving people to opt for tiny homes, which along with relaxed governmental directives as well as efforts, and rising prevalence of environmentally efficient homes are catalyzing the growth of global tiny homes market.
 

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According to Oregon Cottage Company, the material cost of building a tiny home with reduced carbon footprint ranges from USD 45 to USD 50 per square foot, which is 40%-50% of the total built-up cost.
 

It is to be noted that consumers these days look for houses that have lower eco footprint and minimal material possession. Tiny houses, within layout and creation, have clever ways of using space and catering to the needs of the customers.
 

On the contrary, difficulty of gaining insurance for tiny houses is likely to restrain the growth of this business domain over the projected timeframe.
 

In terms of product gamut, worldwide tiny homes industry scenario is bifurcated into stationary tiny homes, and mobile tiny homes.
 

Besides, the documentation includes Investment Adoption Model, PEST Analysis, and Porter’s Five Forces analysis, with a comprehensive account of the aspects influencing the industry segments over the stipulated timeframe. Key insights based on the current market trends are hosted as well.
 

From regional point of view, North America, Latin America, Asia-Pacific, and Europe are key growth avenues for the market partakers. The document claims that North America held major industry share in the recent past, owing to rising popularity of recreational activities. Parallelly, Europe market is anticipated to record a strong annual growth rate through 2027, creditable to surging awareness regarding environmental pollution from buildings.
 

The competitive hierarchy of global tiny homes industry is defined by companies such as Oregon Cottage Company, CMH Services Inc., Humble Handcraft, Tiny Heirloom, Handcrafted Movement LLC, Tiny SMART House, Skyline Champion Corporation, Tumbleweed Tiny House Company, Cavco Industries Inc., and Tiny Home Builders among others.