Impact of the COVID-19 outbreak on Tiny House Market
Global Tiny House Market: Overview
Living in a house that is free from any kind of utility bills, mortgage, and rent is more like eternal bliss. These days, it is possible to live in houses that produce its own water and generates electricity bill. Even more, such houses can be built by an individual at a very affordable price. In a rapidly changing world, environment friendly and economic forces constantly ask us to re-evaluate how we live on this planet.
The Tiny House Movement has gained immense popularity in the US and is gaining momentum outside the country as well. With current economic crisis induced by global pandemic, Civid-19, it is expected that tiny houses will gain considerable popularity across the globe, thanks to its low cost. Outbreak of novel coronavirus is likely to boost growth of the global tiny house market in the years to come. Tiny houses are all about living beautifully, simply, and yet one can have everything one needs.
Product and region are the two important parameters based on which the global tiny house market has been classified. Such dissection of the market comes with the purpose to offer stakeholders with a detailed and clear analysis of the global tiny house market.
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Global Tiny House Market: Notable Developments
One of the developments that offer a glimpse of the market dynamics about the global tiny house market is mentioned below:
- In August 2019, Based out of Arizona, the US, Cavco Industries, Inc. is a prominent designer and makers of systems-built structures. The company made acquisition of Georgia-based Destiny Industries, LLC. The acquired company offers modular, manufactured, and affordable housing solutions to independent retails distributors in the south-eastern parts of the US. With this acquisition, Cavco Industries is expected to widen its geographical footprint and cater to more customers across the nation.
