Product Code: ETC372264 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India mobile homes market was valued at USD 3.5 billion and is projected to grow at a CAGR of 9% over the forecast period. The burgeoning tourism industry coupled with rising disposable income has boosted the sales of recreational vehicles or RVs across India significantly leading to an increase in demand for mobile homes or MHs in recent years due mainly due better performance than traditional tents or trailers when it comes comfortability and convenience. Moreover ,the introduction innovative designs by most companies like air conditioners ,heaters ,modern kitchens etc offer luxury living experience thus making them more attractive among customers especially those belonging from affluent backgrounds. This factor also helps sustain steady demand for mobile homes from different parts of country.
India mobile homes market has been fueled by factors such as changing lifestyle preferences, affordability, and the flexibility of mobile homes. As urban spaces become more crowded, mobile homes offer an attractive alternative for those seeking a more mobile and cost-effective living solution.
The mobile homes market faces challenges in terms of infrastructure and consumer acceptance. While mobile homes offer flexibility and affordability, creating a reliable infrastructure and changing consumer perceptions are crucial for market growth.
The India mobile homes market experienced mixed impacts. While some individuals sought mobile homes as a way to maintain social distancing and have a self-contained living space, others postponed purchase decisions due to economic uncertainties.
India mobile homes market, key players like Champion Prefabs, E-Pack Polymers Pvt. Ltd., and Anchor Container Services Pvt. Ltd. are driving the market`s growth. They provide prefabricated mobile homes and containers that offer an affordable and convenient housing solution.