April 12, 2024
Modern Beach Houses Market

Modern Beach Houses Market is Expected to be flourished by Growing Tourism and Hospitality Industry

Modern beach houses are stylish, eco-friendly homes located near coastal areas that offer panoramic ocean views and easy access to beaches. These homes feature open floor plans, large windows, and minimalist interiors providing a seamless indoor-outdoor experience. They are typically constructed using sustainable materials like wood, bamboo, stone, and glass to withstand coastal weather conditions. Popular modern beach house designs include elevated structures, shipping container homes, and homes built into sand dunes.

Beach houses cater to the rising tourism and hospitality industry as many property owners rent their beach homes through online platforms like Airbnb and Vrbo to travelers and vacationers looking for coastal getaways. The booming short-term rental market has encouraged new construction of modern beach homes specifically meant for tourism purposes.

The global modern beach houses market was valued at US$ 13.44 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

One of the key drivers for the modern beach houses market is the growing tourism and hospitality industry worldwide. According to the World Tourism Organization, international tourist arrivals grew by 4% in 2021 to reach 1.0 billion globally despite ongoing challenges of the pandemic. This rising tourism activities near coastal destinations have increased the demand for beach rental properties. Furthermore, the work from home culture arising due to COVID-19 has boosted remote working from beach houses by digital nomads and entrepreneurs in travel and tourism industries looking for changes in lifestyle and workcation opportunities near beaches. Ease of renting beach houses through online portals make them a popular choice for short-term accomodation for work, leisure and vacations. Sustainable building practices and emergence of unique architectural designs of modern beach homes also appeal to higher-income customers interested in luxurious coastal living.

Segment Analysis

The modern beach houses market is dominated by the luxury beach house segment. This segment accounts for over 45% of the total market share due to increasing spending power of high net-worth individuals on luxury vacation homes. The luxury beach houses are larger in size, provided with high-end amenities and appliances, and designed by renowned architects. They cater to the increasing demand for luxurious weekend getaways and second homes near the beaches among affluent buyers.

Modern Beach Houses Market Segmentation

By Type

Small Beach Houses
Mid-Size Beach Houses
Large Beach Houses
Tiny Beach Houses
Beachfront Mansions
Beach Cottages
Others (Bungalows, Villas, etc.)

By Material
Wooden Beach Houses
Concrete Beach Houses
Shipping Container Beach Houses
Steel Frame Beach Houses
Stone Beach Houses
Bamboo Beach Houses
Others (Brick, Adobe, etc.)

By Ownership
Private Beach Houses
Rental Beach Houses
Timeshare Beach Houses
Resort/Hotel Beach Houses
Vacation Beach Houses
Retirement Beach Houses
Others (Corporate, Nonprofit, etc.)

By Location
Oceanfront
Oceanside
Water View
Near Beach
Beach Community
Beach Resort/Complex
Others (Bayside, Lakeside, etc.)

By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Pest Analysis

Political: Regulations around construction near coastal areas are getting stringent to protect environment and prevent coastal erosion. This increases construction challenges and costs.

Economic: High inflation and rising interest rates are increasing costs of construction and home loans. However, strong economic growth in certain countries continue to support spending on coastal luxury homes.
Social: Changing lifestyle and work patterns favoring workcations and remote working is driving demand for homes near beaches. Smaller nuclear families also prefer second homes.

Technological: Advanced building materials, automated construction technologies help builders to overcome constraints of geography and weather. Use of digital tools in design, 3D modeling, project management aid efficient construction.

Key Takeaways

The global Modern Beach Houses Size is expected to witness high growth over the forecast period of 2023-2030. The global modern beach houses market was valued at US$ 13.44 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023-2030.

The North American region currently dominates the market supported by high investments in coastal infrastructure and properties in countries like the US. The Asia Pacific region is expected to witness fastest growth on account of booming economies, rising affluence, and growing foreign investments in luxury beach properties in countries like Thailand, Indonesia, and Malaysia.

Key Players operating in the modern beach houses market are Blu Homes, Method Homes, Sander Architects, Abodu, M-Rad, Brontë Beach House, Indie Tiny, Mimar Architects, Metropole Architects, MAPA Architects, F2 Architecture, David Coleman Architecture, Coastal Living, Home by the Sea, The Plan Collection, Home Plans and More, Dream Home Source, Houseplans.com, Family Home Plans, Home Plans USA. The market leaders Blu Homes and Method Homes have established their brand names in the luxury coastal property construction business. They regularly introduce new luxury modern designs to attract high-end clientele.

Reasons to Purchase Modern Beach House Market Report:

1. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

2. Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets.

3. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Modern Beach House Market.

FAQ’s

Q.1 What will the market development pace of the Modern Beach House Market?

Q.2 What are the sales, revenue, and price analysis of the top players of the Modern Beach House Market?

Q.3 What are the market opportunities and threats faced by the vendors in the Modern Beach House Market?

*Note:
1.       Source: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it