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Online Home Rental Services Market to Grow by USD 14.24 Billion

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New York, NY – Feb. 28, 2022 (PRNewswire) The online home rental services market size is expected to grow by USD 14.24 billion from 2019 to 2024, However, the growth momentum will decelerate at a  CAGR of 13% according to the latest report by Technavio. North America was the largest online home rental services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The accelerating economic activities, adoption of mobile homes, and the prevalence of the concept of trailer parks will significantly influence the online home rental services market growth in this region.38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for online home rental services in North America. Market growth in this region will be faster than the market growth in Europe.

Online Home Rental Services Market: Growth in the demand for rented homes to boost market

Growth in the demand for rented homes is one of the key drivers for the online home rental services market. An increase in the population of metropolitan cities owing to the growth in economic activities, such as manufacturing, trade, and jobs, has increased the migration between the cities in different countries worldwide. An increase in the number of migrants to metropolitan cities has raised the demand for rented homes. In 2019, the demand for rental apartments in and around US cities increased considerably and rose by 11% compared with the previous year. As per a survey released by Freddie Mac, a mortgaging company, consumers were found to prefer renting to buying a house. Furthermore, the demand for rentals was found to be the highest in cities such as Chicago, Dallas, New York City, Houston, and Washington, D.C. In India, approximately 81% of consumers in rented properties were salaried employees in Bengaluru. This was followed by Hyderabad (>77%), Pune (>76%), and Mumbai (>75%), compared to the national average. Moreover, approximately 71% of people preferred online platforms to search for rented homes, with the percentage being higher in tier-II cities. The market is also driven by the emergence of a generation of people who prefer to rent homes. In 2019, young millennials or people in the age group of 25-35 years in India accounted for roughly 20% of the customers of privately rented houses. Around 36% of home renters were older millennials in the age group of 35-35 years. As the number of houses is less, it increases the demand for rented homes, driving the global online home rental services market during the forecast period.

Latest market research report titled Online Home Rental Services Market by Type and Geography - Forecast and Analysis 2020-2024 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years
Latest market research report titled Online Home Rental Services Market by Type and Geography – Forecast and Analysis 2020-2024 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

For more insights on the market share of various regions –View FREE sample Report in MINUTES

Online Home Rental Services Market: Increase in the urban population density will also drive market growth

Moreover, online home rental services market trends such as the reduction in housing space due to an increase in the urban population density will also drive market growth. Rampant urbanization has reduced the housing space in metropolitan cities across the globe. This has led to an increased demand for newly designed housing such as tiny houses, micro-apartments, and multi-floor buildings to increase the efficiency and comfort in the ultra-small living spaces, increasing the demand for rented houses. This trend is expected to continue during the forecast period, contributing to the growth of the online home rental services market.

To know about more drivers, trends & challenges – Download a free sample now!

Global Online Home Rental Services Market: Segmentation Analysis 

Technavio report provides a detailed analysis of the market by type (flats, semi-detached house, and detached house) and geography (APAC, Europe, MEA, North America, and South America).

The growth in the urban population has led to a high density of population in cities and is driving the demand for flats across the globe. This, coupled with the high percentage of the population in the 25-34 years age group that prefers private sector services, will drive the online home rental services market growth. Market growth in the flats segment will be faster than the growth of the market in the other segments. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the online home rental services market size.

Get more information on the market contribution of various segments –Download a free sample now!

Companies Covered

The online home rental services market is fragmented with the presence of numerous regional and international vendors. The report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 9flats.com Pte Ltd.
  • Airbnb Inc.
  • Booking Holdings Inc.
  • CoStar Group Inc.
  • Expedia Group Inc.
  • Lodgis SAS
  • Oravel Stays Pvt. Ltd.
  • Upad Ltd.
  • Wyndham Destinations Inc.
  • Zillow Group Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, till 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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Online Home Rental Services Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist in online home rental services market growth during the next five years
  • Estimation of the online home rental services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the online home rental services market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the online home rental services market, vendors

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Online Home Rental Services Market Scope
Report CoverageDetails
Page number120
Base year2019
Forecast period2020-2024
Growth momentum & CAGRDecelerate at a CAGR of 13%
Market growth 2020-2024USD 14.24 billion
Market structureFragmented
YoY growth (%)16.76
Regional analysisAPAC, Europe, MEA, North America, and South America
Performing market contributionNorth America at 38%
Key consumer countriesThe US and Canada
Competitive landscapeLeading companies, competitive strategies, consumer engagement scope
Companies profiled9flats.com Pte Ltd., Airbnb Inc., Booking Holdings Inc., CoStar Group Inc., Expedia Group Inc., Lodgis SAS, Oravel Stays Pvt. Ltd., Upad Ltd., Wyndham Destinations Inc., and Zillow Group Inc.
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content
Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Flats – Market size and forecast 2019-2024
  • Semi detached house – Market size and forecast 2019-2024
  • Detached house – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 9flats.com Pte Ltd.
  • Airbnb Inc.
  • Booking Holdings Inc.
  • CoStar Group Inc.
  • Expedia Group Inc.
  • Lodgis SAS
  • Oravel Stays Pvt. Ltd.
  • Upad Ltd.
  • Wyndham Destinations Inc.
  • Zillow Group Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

Tiny Homes Market Size To Grow By USD 3.33 Billion

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New York, NY – Jan. 18, 2022 (PRNewswire) According to the market report “Tiny Homes Market by Product and Geography – Forecast and Analysis 2021-2025“, the market will witness a YOY growth of 2.78% in 2021 at a CAGR of 4% during the forecast period. The report is segmented by product (mobile tiny homes and stationary tiny homes) and geography (North America, Europe, APAC, South America, and MEA).

Vendor Insights 
The tiny homes market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

Vendors are being compelled to use various growth methods such as promotional activities and advertising to increase the visibility of their services as the market becomes more competitive. To stay competitive in the industry, some suppliers are pursuing inorganic growth tactics such as mergers and acquisitions.

Attractive Opportunities in Tiny Homes Market by Product and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Tiny Homes Market by Product and Geography – Forecast and Analysis 2021-2025

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Cavco Industries Inc.
  • CMH Services Inc.
  • Handcrafted Movement
  • Heirloom Inc.
  • Humble Hand Craft
  • Oregon Cottage Co.
  • Skyline Champion Corp.
  • Tiny Home Builders
  • Tiny SMART House Inc.
  • Tumbleweed Tiny House Co.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 
North America will provide maximum growth opportunities in tiny homes during the forecast period. According to our research report, the region will contribute to 58% of the global market growth and is expected to dominate the market through 2025. North America will generate growth across all the years of the forecast period. The year-on-year growth is estimated at 2.78% during this period.

Because of reasons such as rising property prices and consumer interest in pre-built or custom-built homes, North America dominated the worldwide tiny homes market in 2020. Tiny house construction has increased steadily in North American countries such as the United States and Canada in recent years. The rise in housing expenses, along with a growing desire to live in compact, movable dwellings, has boosted demand for tiny homes, particularly those on wheels. Furthermore, in the United States, the presence of a significant population of millennials, as well as a surge in high-net-worth people (HNWIs) and ultra-net-worth individuals (UHNWIs), has fueled demand for custom-built tiny homes.

Furthermore, countries such as the US, Canada, UK, Germany, and France are expected to emerge as prominent markets for tiny homes during the forecast period. 

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/tiny-homes-market-industry-analysis 

Key Segment Analysis
The tiny homes market share growth by the mobile tiny home segment will be significant during the forecast period. The demands for transportable tiny homes have skyrocketed in the last few years. These homes have permanently attached chassis and are fabricated and assembled in a facility before being transported to the desired location on wheels or trucks. In some nations, mobile tiny dwellings are essential in the affordable housing market. With the rising cost of traditional residences in most nations, demand for these dwellings is likely to climb significantly in the next five years. The difficulty of young people to buy traditional residences, as well as the need for retired people to maximize their savings, are the primary drivers of demand for transportable tiny homes around the world.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Drivers & Trends: 
The affordable by mass section of the population is notably driving the tiny homes market growth. Tiny houses are widely regarded as the most cost-effective housing option, particularly among millennials. Tiny homes are a fraction of the cost of regular residences and can be customized to meet the needs of consumers. These homes can be acquired for a fraction of the cost of traditional site-built residences. The high expense of constructing a traditional home puts a strain on the buyer’s finances. As a result, the high cost of traditional homes incentivizes buyers to choose tiny homes, which serves as a major growth driver for the market.

Another key element driving small home market share growth is the growing demand for personalization. Vendors must focus on techniques such as speedier delivery, mass customization, and personalization due to the rapid expansion of tiny dwellings and increased market competitiveness. The demand for custom-built tiny homes is expanding as buyers become more aware of the availability of small, affordable homes in a variety of sizes, designs, and structures.

Download a free sample for highlights on market Drivers & Challenges affecting the tiny homes market. 

Customize Your Report 
Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.  

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now! 

Related Reports: 

Kitchen Sinks Market by End-user and Geography – Forecast and Analysis 2021-2025

Household Cleaning Tools and Supplies Market by Product and Geography – Forecast and Analysis 2021-2025

Tiny Homes Market Scope
Report CoverageDetails
Page number120
Base year2020
Forecast period2021-2025
Growth momentum & CAGRAccelerate at a CAGR of 4%
Market growth 2021-2025$ 3.33 billion
Market structureFragmented
YoY growth (%)2.78
Regional analysisNorth America, Europe, APAC, South America, and MEA
Performing market contributionNorth America at 58%
Key consumer countriesUS, Canada, UK, Germany, and France
Competitive landscapeLeading companies, Competitive strategies, Consumer engagement scope
Key companies profiledCavco Industries Inc., CMH Services Inc., Handcrafted Movement, Heirloom Inc., Humble Hand Craft, Oregon Cottage Co., Skyline Champion Corp., Tiny Home Builders, Tiny SMART House Inc., and Tumbleweed Tiny House Co.
Market dynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us: 
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Contact 
Technavio Research 
Jesse Maida 
Media & Marketing Executive 
US: +1 844 364 1100 
UK: +44 203 893 3200 
Email: media@technavio.com 
Website: www.technavio.com/

SOURCE Technavio