Artificial Intelligence
Container Houses Global Market Report 2023
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New York, April 11, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Container Houses Global Market Report 2023” – https://www.reportlinker.com/p06320397/?utm_source=GNW
Major players in the container houses market are Giant Containers, SG Blocks, Inc., Gaint Containers, Anderco Pte Ltd., and Container Homes USA.
The global container houses market will grow from $55.67 billion in 2022 to $62.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The container houses market is expected to grow from $80.05 billion in 2027 at a CAGR of 6.3%.
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.
Container house refers to a unique concept that converts a steel structure—basically a ship structure—into a residential area.Multiple stories are created by stacking and connecting these enormous containers, each of which is the size of a single floor of a house.
Container house manufacturers utilize shipping containers to construct sustainable and affordable high-quality houses. These houses are considered environment friendly homes as these homes are made from used containers, which reduces the use of metal.
The container houses market covered in this report is segmented by construction type into fixed, movable. The container houses market is also segmented by end user into residential homes, recreational homes, emergency homes, nursing homes and by architecture type into duplex/bungalow, tiny house, multistory building/apartments.
The space constraint issues and resulting rise in housing prices in most of the major cities across the world is driving the growth in the container houses market.Container houses make use of the old shipping containers to build their houses and require very less space compared to conventional houses, thus saving space.
According to Discover containers, every time a 40-foot container is recycled and reused to construct a house close to 3500 kilograms of steel can be used again, which would otherwise be melted down.Moreover, people in urban areas are opting for container houses in order to afford a cheaper living, as container houses costs less compared to tradition houses.
The affordable housing program in Alberta received a funding of $10 million from the US federal government.The program is aimed at using repurposed shipping containers to build houses.
The container houses market is expected to benefit from increasing space constraints and housing prices during the forecast period.
High possibility of corrosion is restraining the growth of the market for container houses.The life span of the container house is highly dependent on the climate in which the shipping container is located.
Container houses corrode faster in coastal areas due to a large amount of salt in the air.For instance, according to the Confoot report, the average lifespan of a heavily used container house is close to 10-15 years if high maintenance is applied.
For container houses that are not used as often can last up to 25 years, after which, it can no longer be used. This dependence of container houses on climatic factors and high vulnerability to corrosion is restraining the growth of the market.
Companies in the container houses market are increasingly adopting artificial intelligence (AI) into manufacturing of container houses, in order to develop better designs for the houses.AI can be used in detecting and resolving any constructional issues before starting the manufacturing process.
AI is an essential sketch platform that helps in generating many innovative layouts or designs.This helps companies to reduce the manufacturing cost and time and improve constructional safety.
With the use of artificial intelligence, customers can also accurately correlate the size of the area to the number of goods or appliances that will fit in that respective area.
The container houses market is regulated by various regulatory bodies and gaining permission for the construction of container houses is a complex process.A container house cannot be constructed anywhere, as there are certain zoning regulations and building codes restricting such construction.
According to zoning regulations, all the similar construction houses are built together at one place.Whereas, the building codes state the standards to be followed for the construction of a container home.
Building codes include information on the type of formation to be used, the square foot requirements of each room, minimum insulation required and other specifications.
The regions covered in the container houses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the container houses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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.
Read the full report: https://www.reportlinker.com/p06320397/?utm_source=GNW
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