Prefabricated Buildings Market Report 2025

This Prefabricated Buildings market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The prefabricated buildings market size has grown strongly in recent years. It will grow from $165.85 billion in 2024 to $178.95 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rise in demand for residential homes, increase in government support and rapid industrialization, growth in global awareness of environmental impact, increase in private-sector investments in construction, and rise in demand for new house construction.

The prefabricated buildings market size is expected to see strong growth in the next few years. It will grow to $239.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising construction activities, growing number of corporate offices, rising demand for modular houses, rising demand for turnkey solutions and growing need for a panel system. Major trends in the forecast period include advancements in modular construction techniques, adoption of sustainable materials, integration of smart home technology, adoption of 3D printing, enhanced customization options, and adoption of energy efficiency methods.

The growing demand for residential homes is expected to drive the expansion of the prefabricated buildings market in the future. This increased demand is driven by factors such as population growth, urbanization, and a heightened desire for home ownership and customized living spaces. Prefabricated buildings cater to this demand by allowing faster, more cost-effective construction with consistent quality, as components are pre-fabricated in a controlled environment and then assembled on-site. For example, in July 2023, the Australian Bureau of Statistics reported a 1.3% rise in the number of dwellings under construction, reaching 240,813 in the March quarter of 2023, compared to 195,201 in March 2021. Thus, the rising demand for residential homes is fueling the growth of the prefabricated buildings market.

Major companies in the prefabricated buildings market are making strategic investments to boost their technological capabilities, broaden their product range, and enhance operational efficiency. These investments aim to advance manufacturing technology, streamline production processes, and introduce more innovative and sustainable solutions, leading to faster construction, lower costs, and improved quality. For example, in February 2023, EPACK Prefab, an India-based provider of pre-engineered building solutions, invested $23.62 million (₹198 crore) to set up a new manufacturing facility in Andhra Pradesh. Located in the Mambattu Industrial area of Sullurpeta constituency and spanning approximately 25 acres, this facility is designed to capture a larger market share in southern India, where demand for prefabricated solutions is rising. The new location will also help reduce transportation costs, which currently add around 20% to prices.

In July 2024, Wells, a US-based provider of prefabricated building solutions, acquired GATE Precast for an undisclosed amount. This acquisition enables Wells to integrate GATE's prefabricated concrete systems with its own offerings, creating a more comprehensive range of services that address diverse construction needs and enhance overall project capabilities. GATE Precast, also based in the US, specializes in prefabricated concrete systems for buildings.

Major companies operating in the prefabricated buildings market are Daiwa House Industry Co. Ltd., Sekisui House Real Estate Holdings Ltd., Skanska AB, Clayton Homes Inc., Bellway plc, Willscot Holdings Corp., Cavco Industries Inc., McGrath RentCorp Inc., Fleetwood Homes Inc., Astron Buildings S.A., Everest Industries Ltd, Veev, Alfa PEB Limited, Palomar Modular Buildings, Plant Prefab Inc., Lindal Cedar Homes Inc., Epack Polymers Pvt. Ltd., Lloyd Insulations Limited, Ramtech Building Systems Inc., Champion Prefabs, Blu Homes Inc., BOXX Modular Inc., Mighty Buildings Inc., Modular Building Systems LLC, TopHat.

North America was the largest region in the prefabricated buildings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prefabricated buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the prefabricated buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Prefabricated buildings are structures manufactured off-site in a factory or production facility, where individual components or entire sections are pre-assembled and then transported to the construction site for final assembly. This approach is designed to streamline construction, often reducing both time and cost compared to traditional on-site building methods.

The main types of prefabricated buildings include the skeleton system, panel system, cellular system, and combined system. The skeleton system involves pre-building the framework of the structure in sections, which are then assembled on-site. These systems use a variety of materials, such as concrete, glass, metal, and timber, and can include different module types such as bathroom pods and kitchenettes. Prefabricated buildings are used in various applications, including industrial, commercial, and residential settings.

The prefabricated buildings market research report is one of a series of new reports that provides prefabricated buildings market statistics, including prefabricated buildings industry global market size, regional shares, competitors with a prefabricated buildings market share, detailed prefabricated buildings market segments, market trends and opportunities, and any further data you may need to thrive in the prefabricated buildings industry. This prefabricated buildings 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.

The prefabricated buildings market consists of sales of panel systems, modular joints and connectors, beams, columns, and trusses. 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.

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.

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