The Canada Manufactured Homes Market is Segmented by Structure Type (Single-Section Homes, Multi-Section Homes, and Other Types), by Application (Single Family, and Multi Family), by Material (Timber, Metal, Concrete, and Others), and by Province (Ontario, Quebec, British Columbia, Alberta, and the Rest of Canada). The Market Forecasts are Provided in Terms of Value (USD).

The Canada Manufactured Housing market was valued at USD 2.90 Billion in 2024. The industry is expected to grow at a CAGR of 4.20% during the forecast period of 2025-2034 to attain a valuation of USD 4.38 Billion by 2034.

The North America Prefabricated Housing Market Report is Segmented by Material Type (Concrete, Glass, Metal, Timber, Other Materials), by Type (Single Family, Multi Family), by Product Type (Modular Homes, Panelized & Componentized Systems, Manufactured Homes, Other Prefab Types), and by Country (United States, Canada, Mexico). The Market Forecasts are Provided in Terms of Value (USD).

Canada Manufactured Homes Market size was valued at USD 2.08 Billion in the year 2024, and it is expected to reach USD 2.85 Billion in 2032, at a CAGR of 4% over the forecast period of 2026 to 2032.Key Market Drivers:Housing Affordability Crisis: The ongoing housing affordability crisis is the primary driver of Canada's manufactured home market. According to the Canadian Real Estate Association (CREA), the national average home price reached $716,100 in January 2024, up 7.6% year on year. According to the Canadian Manufactured Housing Institute (CMHI), manufactured homes are significantly less expensive than traditional site-built homes, with prices ranging from 30 to 50% lower.Urbanization and Population Growth: Urbanization and population increase in Canada are pushing the manufactured house market by growing demand for low-cost, high-quality housing options. Rising land costs and housing shortages make manufactured homes an affordable option, promoting market growth.

Market Size statistics on the Prefabricated Home Manufacturing industry in Canada

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Tiny Homes Market Size 2025-2029

The tiny homes market size is valued to increase USD 3.71 billion, at a CAGR of 4.2% from 2024 to 2029. Affordable by mass section of population will drive the tiny homes market.

Major Market Trends & Insights

North America dominated the market and accounted for a 55% growth during the forecast period.
By Product - Mobile tiny homes segment was valued at USD 9.64 billion in 2023
By Application - Home use segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 37.94 million
Market Future Opportunities: USD 3713.10 million
CAGR : 4.2%
North America: Largest market in 2023

Market Summary

The market represents a burgeoning sector in the residential real estate industry, characterized by its focus on compact, affordable living solutions. This market encompasses a range of core technologies and applications, from innovative building materials and modular construction methods to renewable energy systems and smart home automation. Service types and product categories include design and construction services, as well as the sale of prefabricated tiny homes and accessories. Despite regulatory challenges in some regions, the market continues to expand, driven by the growing trend of customization and the affordable nature of tiny homes, making them an attractive option for a mass section of the population. However, limited demand from developing economies presents a significant challenge. In the United States, for instance, the American Tiny House Association reports that the number of tiny homes registered with the organization has grown by over 50% since 2019. This underscores the evolving nature of the market and the opportunities it presents for businesses and consumers alike.

What will be the Size of the Tiny Homes Market during the forecast period?

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How is the Tiny Homes Market Segmented and what are the key trends of market segmentation?

The tiny homes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductMobile tiny homesStationary tiny homesApplicationHome useCommercial useAreaLess Than 130 Sq. Ft.130-500 Sq. Ft.More Than 500 Sq. Ft.Less Than 130 Sq. Ft.130-500 Sq. Ft.More Than 500 Sq. Ft.Price RangeBudgetMid-rangePremiumMaterialWoodMetalRecycledGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalySpainUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Product Insights

The mobile tiny homes segment is estimated to witness significant growth during the forecast period.

The market has experienced significant expansion in recent years, with mobile tiny homes, characterized by permanently affixed chassis, witnessing substantial growth. These homes are manufactured in factories and transported to their intended sites via wheels or trucks. The affordability of mobile tiny homes makes them a popular solution in the affordable housing sector in various countries. The increasing cost of conventional houses in numerous nations is driving the demand for these compact living solutions. Young adults and retirees, seeking to save on housing expenses, are the primary consumer groups fueling the market's growth. According to recent data, the adoption of tiny homes has risen by approximately 18%, and it is projected to expand further, reaching around 25% in the upcoming five years. In terms of market trends, green building practices and energy-efficient appliances are gaining traction. Interior finishing materials, such as reclaimed wood and recycled materials, are increasingly popular. Water conservation methods, like rainwater harvesting and greywater recycling, are being integrated into tiny home designs. Site preparation techniques, like minimal excavation and foundation system designs, are being optimized for efficient construction. Structural engineering designs focus on maximizing space through innovative layouts and smart home integration. Prefabricated housing and alternative building methods, like modular construction, are streamlining the construction process. Plumbing system installations and wastewater treatment systems are being designed for off-grid living. Insulation techniques, transportation logistics, permitting and approvals, and building code compliance are all crucial aspects of the market. The durability and longevity of tiny homes are essential considerations, with sustainable building materials and hvac system optimization being key factors. Cost estimation models, downsizing and minimalism, and mobile home foundations are also significant market trends. Electrical system designs prioritize fire s

Revenue for the Prefabricated Home Manufacturing industry in New Brunswick is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

The US prefabricated buildings market is booming, projected to reach $40.91B in 2025, with a CAGR of 5.94% through 2033. Discover key drivers, trends, and leading companies shaping this dynamic sector, including residential, commercial, and sustainable building solutions. Recent developments include: May 2023: Morton Buildings has expanded its business in a new 67,429-square-foot manufacturing plant in Pocatello Regional Airport Business Park. The facility in Pocatello is Morton’s eighth manufacturing plant. It will stock the business’s construction projects in Idaho, Montana, Washington, Wyoming, Colorado, Utah, and other surrounding areas so that current and future building needs are met., May 2023: WillScot Mobile Mini announced the acquisitions of US-based Hallwood Modular Buildings and Canada-based BRT Structures. The purchases will enable it to expand its specialty modular fleet and ensure it is a clear leader in blast-resistant module fleet across North America.. Key drivers for this market are: Increasing demand for prefab buildings, Surge in demand from residential segment. Potential restraints include: Lack of knowledge about modular building, Unreliability of modular building in earthquake-prone areas. Notable trends are: The Trend of BIM in the Prefab Sector.

The United States prefabricated buildings market is experiencing robust growth, projected to reach $40.91 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 5.94% from 2025 to 2033. This expansion is driven by several key factors. Increasing demand for faster construction timelines, particularly within the residential and commercial sectors, is a major catalyst. Prefabricated buildings offer significant time savings compared to traditional construction methods, making them an attractive option for developers seeking to expedite projects and reduce overall costs. Furthermore, growing concerns about environmental sustainability are fueling the adoption of prefabricated structures. These buildings often utilize sustainable materials and efficient construction techniques, resulting in reduced waste and a lower carbon footprint. The market segmentation reveals a diverse landscape, with concrete, glass, metal, and timber being prominent material types, catering to residential, commercial, and other specialized applications. Key players like Skyline Champion Corporation, Morton Buildings Inc., and others are actively shaping the market through innovation and expansion, further bolstering its growth trajectory. The market's growth is further propelled by advancements in modular construction technologies, leading to improved design flexibility and enhanced building quality. Government initiatives promoting sustainable building practices and incentives for adopting prefabricated solutions also contribute to market expansion. While certain challenges like regulatory hurdles and public perception regarding the quality of prefabricated structures exist, the overall positive market outlook indicates a strong potential for continued growth in the coming years. The increasing affordability of prefabricated buildings compared to traditional construction, coupled with technological advancements and improved designs, are likely to further boost market penetration across various segments and geographical locations within the United States. The strategic focus on improving energy efficiency and incorporating smart building technologies into prefabricated designs is poised to create new market opportunities and solidify the position of prefabricated buildings as a viable and increasingly preferred construction method. Recent developments include: May 2023: Morton Buildings has expanded its business in a new 67,429-square-foot manufacturing plant in Pocatello Regional Airport Business Park. The facility in Pocatello is Morton’s eighth manufacturing plant. It will stock the business’s construction projects in Idaho, Montana, Washington, Wyoming, Colorado, Utah, and other surrounding areas so that current and future building needs are met., May 2023: WillScot Mobile Mini announced the acquisitions of US-based Hallwood Modular Buildings and Canada-based BRT Structures. The purchases will enable it to expand its specialty modular fleet and ensure it is a clear leader in blast-resistant module fleet across North America.. Key drivers for this market are: Increasing demand for prefab buildings, Surge in demand from residential segment. Potential restraints include: Increasing demand for prefab buildings, Surge in demand from residential segment. Notable trends are: The Trend of BIM in the Prefab Sector.

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Panelized Modular Building Systems Market Size 2024-2028

The panelized modular building systems market size is forecast to increase by USD 47.7 billion at a CAGR of 7.08% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the cost efficiency associated with these systems. Panelized construction, using engineered wood products and plywood, allows for faster build times and reduced labor costs, making it an attractive option for developers and construction companies. Additionally, there has been an increase in mergers and acquisitions among companies In the industry, leading to consolidation and increased competition. However, there are challenges facing the market as well. Skepticism towards modular construction persists, with some stakeholders expressing concerns about the durability and quality of these buildings. Addressing these concerns through education and innovation will be crucial for the continued growth of the market.

What will be the Size of the Panelized Modular Building Systems Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing demand for energy-efficient structures in various sectors. Prefabricated homes, constructed using structural insulated panels, are gaining popularity In the low-cost housing and public housing units segments. Simultaneously, the luxury apartment and high-rise building markets are embracing panelized modular systems for their speed of construction and cost savings. In the residential infrastructure domain, general contractors and developers are increasingly adopting offsite construction methods, including prefabricated construction, to enhance efficiency and reduce waste. Sustainable construction practices are driving the market, with panelized modular systems offering advantages in terms of energy efficiency and reduced environmental impact.



Modular factories are leveraging cloud computing strategies to optimize production processes and improve collaboration with clients. The banking market and mobile devices are also influencing the market, with digital platforms facilitating financing and design processes. Panelized modular systems encompass complete 3D parts, including walls, roof panels, and floors, made from diverse materials such as timber frame, concrete, and other advanced composites.

How is this Panelized Modular Building Systems Industry segmented and which is the largest segment?

The panelized modular building systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Residential
  Commercial
  Industrial


Material

  Wood
  Metal
  Concrete
  Composite


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  South America



  Middle East and Africa

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing growth due to the increasing adoption of modular construction for various projects, including public housing units, luxury apartments, and high-rise buildings. Modular construction offers cost savings through efficient fabrication processes, reducing construction time, labor costs, and material waste. In India, Magicrete, a manufacturer of AAC blocks, construction chemicals, and precast construction solutions, completed a 1008-unit mass housing project using their 3D modular precast construction system. This project achieved cost parity with traditional construction methods while cutting construction time by up to 40%. This innovation showcases the potential of precast concrete technology to enhance housing accessibility and reduce construction costs.

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The residential segment was valued at USD 45.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The panelized modular building system market In the Asia Pacific (APAC) region is experiencing significant growth due to several factors unique to the area. Rapid urbanization and increasing infrastructure needs are driving the demand for efficient, cost-effective, and sustainable construction solutions. Panelized modular

Revenue for the Prefabricated Home Manufacturing industry in Manitoba is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Booming North American industrial real estate market analysis reveals a CAGR exceeding 4.50%, driven by e-commerce, nearshoring, and manufacturing growth. Discover key trends, market size projections to 2033, top players, and regional insights. Invest wisely in this lucrative sector. Recent developments include: December 2021: Boston Properties Inc. (the largest publicly traded developer, owner, and manager of Class A office properties) announced that it completed the acquisition of 360 Park Avenue South, a 450,000 square-foot, 20-story office property located in the Midtown South submarket of Manhattan, New York, from Enterprise Asset Management Inc. (an investment management firm). Furthermore, the gross purchase value accounted for approximately USD 300 million., December 2021: Boston Properties Inc. announced a joint venture in which the company has a 49% ownership and executed a 229,000 square foot lease with a leading biotech company at the venture's 751 Gateway project in South San Francisco, California. The lease covers the entire building, which is currently under construction, with initial occupancy expected in early 2024.. Notable trends are: Increasing Rental Prices of Office Spaces.

Market Size statistics on the Truck, Trailer & Motor Home Manufacturing industry in Canada

Revenue for the Truck, Trailer & Motor Home Manufacturing industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x% during the same period. The number of industry establishments has increased an annualized x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Truck, trailer and motor home manufacturers have diverse and varied product offerings across multiple consumer and commercial markets. Truck trailer markets have surged, driven by strong e-commerce activity and increasingly tight windows for delivery from retail giants. Similarly, rebounding car markets have enabled success in motor vehicle body and chassis markets, especially supporting Magna's continued regional dominance. On the other hand, RV and motor home sales largely hinge on consumer confidence, disposable income and leisure time; these metrics have proven volatile, with companies experiencing major fluctuations because of the pandemic. Specifically, companies have dealt with higher used RV sales and greater competition from substitutes, countering growth early in the period. Overall, revenue has climbed at an expected CAGR of 8.0% to $7.1 billion through the current period, including a 1.6% increase in 2025. Robust motor vehicle and truck trailer markets have driven growth, elevating profit to 6.3%. However, companies have faced notable supply chain disruptions through the current period, driven predominantly by the pandemic and the Russian invasion of Ukraine. Companies also faced major supply chain shortages; climbing metal and electronic component costs pressured purchasing costs and profit. While leading manufacturers could pass some costs onto buyers, companies faced additional profit volatility. Smaller companies struggled, lacking the scale and negotiating power to create more favourable buyer and supplier agreements. Regardless, many international manufacturers have also relocated to Mexico to take advantage of lower production and labour costs. A promising economic outlook and technological innovation will be major driving forces for manufacturers through the outlook period. RV and motor home manufacturers will capitalize on electric vehicle trends to appeal to new markets with all-electric and more sustainable products. Similarly, strong per capita disposable income will stimulate growth across retail and manufacturing markets, increasing demand for freight shipping and, by extension, truck trailers. However, tariffs pose a major threat to the industry's development, hindering both supply chains and truck trailer markets. Manufacturers will need to navigate an increaisngly complex marketplace, taking into account diverse needs across trailer, motor vehicle body and RV markets to find long term success. Overall, revenue will expand at an estimated CAGR of 0.6% to $7.3 billion through the outlook period, where profit will reach 6.5%.

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Online On-Demand Home Services Market Size 2025-2029

The online on-demand home services market size is forecast to increase by USD 36.4 billion, at a CAGR of 80.3% between 2024 and 2029. Advantages of online on-demand home services will drive the online on-demand home services market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 41% growth during the forecast period.
By Service - Home care and design segment was valued at USD 105.10 billion in 2023
By Platform - Mobile application segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 21.00 billion
Market Future Opportunities: USD USD 36.4 billion 
CAGR : 80.3%
APAC: Largest market in 2023

Market Summary

The market is a rapidly evolving sector that continues to gain traction as consumers increasingly seek convenience and efficiency in their daily lives. Core technologies, such as artificial intelligence and the Internet of Things, are revolutionizing the way on-demand home services are delivered, enabling real-time scheduling, remote monitoring, and predictive maintenance (Source: Statista). Applications span various service types or product categories, including home repair, cleaning, and maintenance, as well as meal delivery and personal care services. Despite the growing popularity of on-demand home services, there are challenges to overcome. For instance, a rising number of advertising and marketing campaigns can lead to consumer confusion and skepticism. Moreover, a lack of consumer understanding of the services and their associated costs can hinder market growth. Looking ahead, key companies, such as Amazon Home Services, Thumbtack, and HomeAdvisor, are expected to dominate the market, leveraging their vast customer bases and extensive service offerings. Regulations, particularly those related to data privacy and security, will also play a significant role in shaping the market's future trajectory. As we move forward, the market is poised for continued expansion, with adoption rates projected to reach 30% by 2025 (Source: Allied Market Research). Related markets, such as the Sharing Economy and Smart Home Automation, are also experiencing significant growth and are expected to fuel further innovation in this space.

What will be the Size of the Online On-Demand Home Services Market during the forecast period?

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How is the Online On-Demand Home Services Market Segmented and what are the key trends of market segmentation?

The online on-demand home services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ServiceHome care and designRepair and maintenanceHealth wellness and beautyOthersPlatformMobile applicationWebsiteApplicationPrivateCommercialIndustrialGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Service Insights

The home care and design segment is estimated to witness significant growth during the forecast period.

In the dynamic and evolving the market, various components play integral roles in enhancing user experience and streamlining operations for both service providers and consumers. These components include work order management, user profile management, payment gateway integration, service provider network, data analytics dashboard, service quality metrics, customer feedback analysis, customer rating systems, location-based services, appointment reminders, search and filtering, fraud detection algorithms, service history tracking, review moderation tools, service area mapping, real-time scheduling, background check integration, in-app chat functionality, provider onboarding process, availability calendar, user authentication protocols, rating calculation methods, pricing strategy models, push notification systems, service technician dispatch, task management systems, cancellation policies, geo-location tracking, automated routing systems, in-app communication, customer support channels, service request routing, appointment scheduling algorithms, task prioritization systems, mobile app interfaces, security encryption methods, and more. According to recent market studies, the market has experienced significant growth, with a reported 21% of households in the US having used on-demand home services in 2020. Furthermore, industry experts anticipate a 26% increase in the adoption of on-demand home services by 2025. The market's expansion is driven by factors such as the convenience and flexibility offered to consumers, the growing number of service providers joining the platform, and the integration of advanced technologies li

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Wooden Furniture Market Size 2025-2029

The wooden furniture market size is valued to increase by USD 126.8 billion, at a CAGR of 5.9% from 2024 to 2029. Growth of real estate and construction industry will drive the wooden furniture market.

Market Insights

APAC dominated the market and accounted for a 43% growth during the 2025-2029.
By Application - Home segment was valued at USD 273.40 billion in 2023
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 57.63 billion 
Market Future Opportunities 2024: USD 126.80 billion
CAGR from 2024 to 2029 : 5.9%

Market Summary

The market is experiencing significant growth, driven primarily by the expansion of the real estate and construction industry. As new residential and commercial projects emerge, the demand for high-quality, durable furniture made from wood increases. Additionally, the growing trend towards eco-friendly and sustainable products is boosting the market, as consumers seek out furniture that aligns with their environmental values. However, the wooden furniture industry also faces several challenges. Manufacturing costs, including raw material prices and labor, continue to rise, putting pressure on companies to optimize their supply chains and improve operational efficiency. Compliance with various regulations, such as those related to forest sustainability and product safety, also adds complexity to the manufacturing process. For instance, a furniture manufacturer may face challenges in sourcing legally harvested wood and ensuring that their production processes meet all relevant environmental and safety standards. To address these challenges, companies are investing in technology and partnerships to streamline their operations and improve their sustainability practices. By leveraging advanced manufacturing techniques and collaborating with suppliers and regulatory bodies, they can ensure a steady supply of high-quality wooden furniture while also meeting the evolving demands of consumers and regulators.

What will be the size of the Wooden Furniture Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market showcases a dynamic and ever-evolving industry, characterized by an enduring appreciation for traditional designs and a growing emphasis on modern furniture styles. According to recent research, The market is estimated to reach significant growth, with a focus on sustainability and eco-friendly production methods. Modern furniture styles continue to gain popularity, with an increasing preference for minimalist designs and space-saving solutions. Furniture material properties, such as durability and resistance to wear and tear, are crucial factors in both residential and commercial applications. Traditional furniture styles, meanwhile, undergo a revival through antique furniture restoration and upcycling, reflecting a renewed interest in craftsmanship and heritage. In the realm of interior design principles, space planning furniture plays a pivotal role, with furniture dimensions and weight capacity being essential considerations. Woodworking project plans and joinery details are meticulously studied to optimize manufacturing efficiency and reduce waste. Furniture repair methods and lifecycle assessments are also gaining importance as businesses seek to extend the life of their assets and minimize environmental impact. As companies navigate this complex landscape, they face critical decisions in areas such as furniture material sourcing, manufacturing automation, and compliance with industry regulations. For instance, wood types comparison and furniture manufacturing efficiency are crucial factors in maintaining a competitive edge. In the realm of custom furniture design, understanding furniture design patents and trends can help businesses cater to evolving consumer preferences. In summary, the market presents a rich and diverse landscape, where traditional and modern elements intertwine, and sustainability and innovation coexist. Companies that stay informed about the latest furniture design trends, interior design principles, and manufacturing techniques are well-positioned to thrive in this dynamic industry.

Unpacking the Wooden Furniture Market Landscape

In the dynamic world of furniture manufacturing, two distinct sectors hold significant market share: solid wood and Engineered wood. Solid wood furniture, crafted from single pieces or joinery techniques, accounts for approximately 60% of the market, while engineered wood, including plywood, MDF, and Particle Board, comprises the remaining 40%.

Adoption of advanced manufacturing processes, such as CNC Woodworking Machines and furniture design software, has led to a 30% increase in production efficiency for solid wood furniture m

Revenue for the Truck, Trailer & Motor Home Manufacturing industry in Manitoba is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x% during the same period. The number of industry establishments has decreased an annualized -x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Discover the booming North American construction market! This in-depth analysis reveals a $2.46 trillion market projected to grow at a 4.82% CAGR through 2033, driven by infrastructure investment and housing demand. Learn about key segments, top companies, and market challenges. Recent developments include: June 2023: AXA XL's North American construction insurance business launched the Sustainability Circle. It is a network comprising 21 leaders in the sustainable construction industry. The goal of the initiative is to assist clients achieve their sustainability goals and enhance their construction risk management efforts., April 2023: Greystar Real Estate Partners LLC (“Greystar”) opened its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing. The milestone was met with a ribbon-cutting ceremony at the western Pennsylvania site where MLS employed 170 full-time employees to execute the ramp-up and operations of its first modular factory.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Notable trends are: Residential Construction Segment Holds the Major Share in the Market.