Container Houses Global Market Report 2024

The container houses market size has grown strongly in recent years. It will grow from $62.73 billion in 2023 to $67.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The increase observed during the historical period can be ascribed to factors such as sustainability and eco-friendly construction, the provision of affordable housing solutions, urbanization and population density, architectural trends and aesthetics, as well as the emphasis on construction speed and efficiency.

The container houses market size is expected to see strong growth in the next few years. It will grow to $84.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be linked to challenges in housing affordability, the demand for customization and design flexibility, increasing environmental awareness, ongoing urban redevelopment projects, and government support and regulations. Significant trends expected in the forecast period encompass off-grid and sustainable living solutions, advancements in prefabrication and construction techniques, a focus on affordable housing solutions, the integration of green roof and vertical garden designs, and the expansion of container house communities and developments.

The surge in housing prices in major cities worldwide, driven by space constraints, is fueling the growth of the container houses market. Utilizing old shipping containers to construct houses, container homes require minimal space compared to traditional houses, offering a space-saving solution. Discover Containers reports that recycling a 40-foot container for house construction can reuse around 3500 kilograms of steel that would otherwise be melted down. Additionally, urban dwellers are turning to container houses for more affordable living, as they cost less than conventional homes. The affordable housing program in Alberta, supported by a $10 million funding from the US federal government, aims to use repurposed shipping containers for house construction. The container houses market is anticipated to benefit from the ongoing space constraints and escalating housing prices in the forecast period.

The increasing frequency of natural disasters is expected to drive the container houses market's growth. Natural disasters, resulting from Earth's natural processes, cause widespread destruction, loss of life, and disruption to normal living conditions. Container houses, designed for transportation stresses, quick construction, flexibility, sustainability, durability, and stackability, provide enhanced security and protection during and after natural disasters. In March 2023, the Office for the Coordination of Humanitarian Affairs reported 30,704 deaths from 387 natural hazards and disasters in 2022, triple the number in 2021. Consequently, the rising number of natural disasters is a key driver for the container houses market.

Companies in the container houses market are increasingly integrating artificial intelligence (AI) into the manufacturing process. AI is employed to detect and resolve construction issues before production, serving as an essential platform for generating innovative layouts and designs. This integration aids companies in reducing manufacturing costs and time, enhancing construction safety, and allowing customers to accurately correlate area size with the number of goods or appliances it can accommodate.

Major players in the container houses market are introducing new products, such as modular container houses, to gain a competitive advantage. Modular container houses are prefabricated housing units constructed with shipping containers as the primary structural component. For example, in August 2023, China-based manufacturer Summer Paradise launched high-quality flat-pack container houses suitable for various purposes, including disaster relief. The company's emphasis on advanced technology, rapid assembly, easy transportation, superior quality, quick shipping, simple installation, and customization makes its container houses suitable for diverse applications. Summer Paradise is committed to revolutionizing temporary housing with its superior container houses, offering tailored solutions and a range of housing styles, including eco-friendly options with strong seismic performance.

Major companies operating in the container houses market report are PPG Industries Inc., Zhejiang Putian Integrated Housing Co. Ltd., Packaging Corporation of America, Beacon Intermodal, SEACO Global Ltd., Textainer Group Holdings, Greif Inc., Fortress Transportation and Infrastructure Investors LLC, Triton International Limited, Speed House Group of Companies, CAI International Inc., TD Container, Royal Wolf Holdings, SEA BOX Inc., Anderco Pte Ltd., Florens Asset Management Company Limited, SG Blocks Inc., Suzhou Tiandi Color Steel Manufacturing Co.Ltd., ELA Container GmbH, Giant Containers Inc., Almar Container Group, Supertech Industries Ltd., Honomobo, Portable Space Ltd., Temp Housing Company, Container Homes USA, Shanghai Haicheng Special Steel Container Co. Ltd., Beijing GS Housing Co. Ltd., Shanghai Allstar Industrial Co. Ltd.

Asia-Pacific was the largest region in the container houses market in 2023. The regions covered in the container houses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the container houses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The container house market consists of sales of steel anchorage, concrete block footing, ground beam and steel cable fixation. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market for container houses, as outlined in this report, is categorized by construction type into fixed and movable. Additionally, the container houses market is segmented by end user, encompassing residential homes, recreational homes, emergency homes, and nursing homes. The segmentation by architecture type includes duplexes and bungalows, tiny houses, multistory buildings, and apartments.

The container houses market research report is one of a series of new reports that provides container houses market statistics, including container houses industry global market size, regional shares, competitors with a container houses market share, detailed container houses market segments, market trends and opportunities, and any further data you may need to thrive in the container houses industry. This container houses market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.