Market Size of Qatar Manufactured Homes Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 6.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Qatar Manufactured Homes Market Analysis
Qatar's Manufactured Homes Market is USD 463.2 million in the current year estimated to register a CAGR of over 6% during the forecast period.
- The market is driven by the huge demand of tourists and businessmen reaching the country due to several international events. Furthermore, the market is driven by diversifying the economy of the country to accommodate more foreign nationals.
- Qatar's construction industry is dedicated to meeting the growing demand for public services, and as such, it is looking for new ways to deliver infrastructure and real estate. This demand is being fueled by government funding and reimagined ecosystems that assist construction companies in finding mutually beneficial partnerships and shared investments that can help them reduce emissions faster. In recent years, there has been a significant push for sustainable practices in the Qatar construction sector, which has been incorporated into a number of large-scale state-owned construction projects. The industry as a whole has established new benchmarks and highlighted a few fundamental strategies that must be implemented more effectively. As investors and developers prioritize sustainability outcomes, it is critical for construction industry stakeholders to help align project teams with their sustainable and commercial agendas.
- Modular construction is still in its early stages in Qatar. However, multiple commercial modular projects have been completed in Qatar over the last five years, and the sustainability benefits are obvious. The benefits of modular construction are numerous; it consumes less energy, wastes fewer materials, and produces significantly lower transportation emissions. It necessitates far less rework as a result of more standardised and efficient processes. Property technology (PropTech) is an important tool that can supplement Qatar's vision of sustainability through real estate while also accelerating the industry's growth. It is an area that should be researched further. The real estate industry has a long history of being resistant to digital disruption, but this approach is no longer appropriate in an era when agility has become a key competency for industries around the world.
- Qatar has shifted its emphasis to diversifying its economy through localization and the creation of local attractions. Visa-free entry was granted to nationals of 88 countries, which, combined with the fact that Qatar is only a 6-hour flight away for 80% of the world's population, has contributed to Qatar's reputation as one of the world's most open countries. Qatar's emphasis on hospitality is at the forefront of the country's tourism expansion plans, particularly in the run-up to the FIFA-2022 World Cup. Several other events, such as the FIFA 2021 Arab Cup, the ExxonMobil Tennis Open, and a number of international exhibitions, such as Christian Dior's 'Designer of Dreams' exhibition and Jeff Koons' exhibition, have boosted the country's tourism industry.
Qatar Manufactured Homes Industry Segmentation
Manufactured housing (MH) is a type of home that is built primarily or entirely off-site at a factory before being moved to a piece of land. The cost of construction per square foot for manufactured housing is typically much lower than for traditional on-site homes. A complete background analysis of the Qatar Manufactured Homes Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is covered in the report.
The Qatar Manufactured Homes Market is segmented By Type (Single Family, and Multi-Family). The report offers market size and forecasts for the Qatar Manufactured Homes Market in value (USD billion) for all the above segments.
By Type | |
Single Family | |
Multi Family |
Qatar Manufactured Homes Market Size Summary
The Qatar Manufactured Homes Market is experiencing significant growth, driven by the influx of tourists and business professionals due to international events and the country's efforts to diversify its economy. The construction industry in Qatar is adapting to meet the increasing demand for infrastructure and real estate, supported by government funding and innovative partnerships aimed at reducing emissions. Sustainable practices have become a focal point, with modular construction gaining traction for its environmental benefits. The integration of Property Technology (PropTech) is also seen as a crucial element in advancing sustainability and enhancing the real estate sector's agility. As Qatar positions itself as a global tourism hub, particularly with events like the FIFA World Cup, the real estate market is witnessing increased investor interest, with efforts underway to enhance market transparency and attract further investments.
The market landscape is characterized by a mix of local, regional, and a few global players, with companies like Domopan, SHELTER Group, and Qatar Speed House playing significant roles. The demand for manufactured homes is expected to rise, offering opportunities for these players to leverage advanced technologies and provide affordable luxury housing. The preparation for the World Cup has spurred infrastructure developments, including stadiums and transportation systems, which are aligned with Qatar's National Vision 2030 to diversify its economy. The event is seen as a catalyst for long-term growth in non-energy sectors, with a focus on creating a regional business and tourism hub. The legislative framework and government incentives are designed to support business development and attract investments, further solidifying Qatar's economic diversification agenda.
Qatar Manufactured Homes Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Current Market Scenario
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1.2 Market Overview
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1.3 Market Dynamics
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1.3.1 Drivers
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1.3.2 Restraints
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1.3.3 Opportunities
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Current Market Overview
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1.7 Government Initiatives and Regulatory Aspects
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1.8 Impact of the COVID-19 Pandemic on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Single Family
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2.1.2 Multi Family
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Qatar Manufactured Homes Market Size FAQs
What is the current Qatar Manufactured Homes Market size?
The Qatar Manufactured Homes Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Qatar Manufactured Homes Market?
Domopan, SHELTER Group, Qatar Speed House, Desert Line Group and TSSC Group are the major companies operating in the Qatar Manufactured Homes Market.