Qatar Manufactured Homes Market Size
| 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 |
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 Market Trends
This section covers the major market trends shaping the Qatar Manufactured Homes Market according to our research experts:
Rising demand for housing units driving the market
Given the highly anticipated FIFA World Cup, the region's leading PropTech company revealed a significant 2.97% increase in demand for residential sales in September and October 2022. The increase in impressions and leads on properties for sale demonstrates growing investor and end-user interest at a time when Qatar's property market has recently emerged as a hotspot. Overall leads increased by 4.98%, while total impressions increased by 7.71%. When it comes to the rental market, some areas saw significant price increases while others saw significant price decreases. Al Hilal, for example, saw a rent decrease of 83.98%, while Salata saw a rent increase of 93.75%.
As a result of the renowned sporting events taking place in the country, investors and first-time property purchasers are now more confident in investing in the Qatari property market. The Ministry of Justice is also taking the necessary steps to make the market more transparent, which will soon pave the way for additional investments. The top five areas with the most residential rent listings are The Pearl, West Bay, Al Waab, Al Sadd, and West Bay Lagoon, making them prime areas for high traffic and the most sought-after World Cup locations.
Local property developers hope to create innovative property architecture and apps for homeowners and tenants in the future. In addition, the real estate data landscape is changing. Finally, to increase efficiency in the real estate sector. Diversification of the economy is also well underway through other digital transformations, such as the integration of futuristic internet services and cutting-edge sports medicine facilities. In the face of a global pandemic and falling oil prices, Qatar's real estate market has held firm. To adapt, Qatar has implemented several government incentives, including the relaxation of restrictions on non-Qatari property ownership.
Investment pouring in through VISION 2030 driving the market
As projects directly related to this global event are intended to promote post-tournament sustainability, hosting the World Cup can thus be viewed as a means of achieving Qatar's National Vision. Stadiums, a modern metro system, airport expansion, and the construction of new districts are all structural developments in non-energy sectors built to accommodate visitors during the tournament. After the World Cup, sustained growth in these sectors will be a top priority for Qatar. The QNV 2030 aims to diversify Qatar's economy, with the private sector playing a key role.
The National Development Strategy prepares Qatar for the tournament that every Qatari, Arab, and sports fan around the world is looking forward to by focusing on multiple sectors such as sports, infrastructure, healthcare, culture, and the environment. The country wants to expand its non-energy economy and become a regional business and tourism hub. Hosting the World Cup is a step toward realizing these goals, as the infrastructure built in preparation for the tournament was designed to improve transportation connectivity and expand the local business environment.
The country's economic diversification agenda has made progress. The contribution of the oil and gas sector to GDP has decreased, owing in part to large investments in universities, research centres, hospitals, Hamad Port, and Hamad International Airport, among other things. However, the transformative nature of such a large-scale sporting event extends beyond immediate economic effects, and the intangible nature of these benefits should be considered when considering its legacy. Qatar understands the significance of balancing its economic policies, which aim to diversify the national economy while strengthening its natural resources. In this context, Qatar has established a legislative framework to promote business development and attract investment.
Qatar Manufactured Homes Industry Overview
The Qatar Manufactured Homes Market is fragmented with many local, regional and a few global players. Some of the major players in the market are Domopan, SHELTER Group, Qatar Speed House, Desert Line Group, TSSC Group and many more. The rise in demand is expected to create opportunities for players to grow in the market with help of advanced technology, providing luxury housing at affordable prices.
Qatar Manufactured Homes Market Leaders
-
Domopan
-
SHELTER Group
-
Qatar Speed House
-
Desert Line Group
-
TSSC Group
*Disclaimer: Major Players sorted in no particular order
Qatar Manufactured Homes Market News
- November 2022: The Dreammaker Container House company, one of the companies participating in the customized container houses for the World Cup in Qatar, has delivered all of the container houses to Qatar and is using them as reserved rooms for tourists. The Fan Villages Cabins' main body is a galvanized steel frame structure that is an integrated house that can be quickly assembled. The interiors are simple, with two single beds or one double bed, a toilet, a mini-fridge, and tea and coffee-making facilities. Within the larger camp, there are restaurants and other catering facilities, as well as screens where people can watch games.
- April 2022: OMA/Reinier de Graaf and Squint/Opera have released a new video of Al Daayan Health District Masterplan, a prototype for a low-rise hospital in Doha, Qatar. The project was designed by OMA and BuroHappold as a prototype as part of the research for the Al Daayan Health District Masterplan, which was commissioned by Hamad Medical Corporation (HMC), Qatar's main provider of secondary and tertiary healthcare and one of the leading hospital providers in the Middle East.
Qatar Manufactured Homes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Current Market Scenario
4.2 Market Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Value Chain / Supply Chain Analysis
4.5 Porters Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Current Market Overview
4.7 Government Initiatives and Regulatory Aspects
4.8 Impact of the COVID-19 Pandemic on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Single Family
5.1.2 Multi Family
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Domopan
6.2.2 SHELTER Group
6.2.3 Qatar Speed House
6.2.4 Desert Line Group
6.2.5 TSSC Group
6.2.6 Dalal Steel Industries
6.2.7 Prefabex
6.2.8 Skyline Champion Corporation
6.2.9 Morton Buildings Inc.
6.2.10 Clayton Homes*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
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 Research 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.
What years does this Qatar Manufactured Homes Market cover?
The report covers the Qatar Manufactured Homes Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Manufactured Homes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Manufactured Homes Industry Report
Statistics for the 2024 Qatar Manufactured Homes market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Qatar Manufactured Homes analysis includes a market forecast outlook to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
