Market Trends of Europe Manufactured Homes Industry
This section covers the major market trends shaping the Europe Manufactured Homes Market according to our research experts:
Demand of Prefabricated Houses is Increasing in Sweden
- Sweden is widely regarded as a Global Exemplar of Offsite Manufacturing, leading the world in terms of The Sheer Number Of Panelised Single Dwelling Residences, which represent over 80% of the Country's Overall Housing Market. The majority of factory-built wooden homes in Sweden are made of closed wall panels, and this trend is expected to continue as a result of current market pressures. Sweden has the largest percentage of prefab homes in the world.
- Prefab homes are very popular due to the significant construction boom that Sweden is currently experiencing and the additional pressure that skills shortages in traditional construction trades are putting on the industry. The abundance of slow-growing, premium-quality timber and the nation's very difficult climatic circumstances are among the many elements that have contributed to Sweden's domination of the offsite space in terms of skills, knowledge, and industry structure.
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Sustainability and technological advancement
- Sweden is a pioneer in prefabricated construction, a method that can significantly reduce construction costs. Up to 84 per cent of detached homes in Sweden contain prefabricated components, compared to roughly 15 per cent in Japan and 5 per cent in the United States, the United Kingdom, and Australia. Off-site construction was invented in Sweden and has been made successful on a scale that few other countries have equalled by prefab and modular home builders there.
- Scandinavia's leading producer of modular homes is Lindbäcks Bygg. Its assembly lines have transformed the famously sluggish construction sector in its nation, and there is great potential for exporting that success elsewhere. The 75-year-old business will be able to construct more than 25,000 square feet of turnkey housing per week after a new plant goes online in 2021.
- Through the use of innovative automation, the company has been able to maintain its lead over the competition. Lindbäcks receives assembly line robotics from the Swedish construction technology company Randek, which transforms building construction into something more akin to automobile production. Lindbäcks has been able to streamline its production process and outperform its competitors by taking inspiration from Toyota's production strategy, which reduces waste and depends on its employees to offer ways to maximise efficiency.
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