Prefabricated Buildings Market, By Product (Combined System, Skeleton System, Cellular systems, and Panel Systems), By Material Type (Glass, Steel, Concrete & Cement, Metal, and Other Material Types), By Module Type (Kitchenette, Bathroom Pods, and Others), By Application (Industrial, Residential, and Commercial) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI517123 | Publish Date: March 2024 | No. of Pages: 180

Prefabricated Buildings Market Overview

Prefabricated Buildings Market was valued at US$ 165.5 Billion in 2024 and is projected to grow at a CAGR of 4.70% to reach US$ 252.1 Billion by 2034.

Prefabricated buildings are constructed in a controlled factory environment. The building components, such as walls, floors, and roof panels, are manufactured to precise specifications using advanced machinery and skilled labor. This controlled environment helps ensure high quality and reduces the impact of weather-related delays.

Prefabricated Buildings Market Dynamics

Speed of Construction

One of the primary reasons for the speed of construction in prefabricated buildings is that many building components are manufactured off-site in controlled factory environments. This concurrent construction process allows multiple tasks to occur simultaneously, reducing construction timelines.In traditional construction, different construction tasks often occur sequentially, leading to longer project durations. In prefabricated construction, various tasks, such as foundation work, site preparation, and module/component fabrication, can happen simultaneously.

Global Infrastructure Projects

Due to the advantages prefabricated structures provide in terms of cost effectiveness, construction speed, and sustainability, their use in global infrastructure projects has been continuously rising. Prefabricated structures and parts are used in numerous infrastructure projects all around the world.Prefabricated modular structures are used for airport terminals, control towers, and ancillary facilities. They offer fast construction to meet the growing demands of air travel.

Restrains:

Shortages of key construction materials, such as steel, lumber, and insulation, can lead to delays in the production of prefabricated components. This can result in project delays and increased costs.Disruptions in the transportation sector, including congestion at ports, container shortages, and logistical challenges, can slow down the delivery of prefabricated building components to construction sites. These delays can impact project schedules and increase expenses.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Prefabricated Buildings Market Segmentation

Prefabricated Buildings Market Segmentation:

Prefabricated Buildings Market is segmented based onPhase Type, Voltage Rating, Insulation Medium, Control Typeand Region.

Product Insight

On the basis of Product, Prefabricated Buildings Market is segmented into Combined System, Skeleton System, Cellular systems, and Panel Systems.

Material Type Insights

On the basis of Material Type, Prefabricated Buildings Market is segmented into Glass, Steel, Concrete & Cement, Metal, and Other Material Types.

Module Type Insights

On the basis of Module Type, Prefabricated Buildings Market is segmented into Kitchenette, Bathroom Pods, and Others.

Application Insights

On the basis of Application, Prefabricated Buildings Market is segmented into Industrial, Residential, and Commercial.

Prefabricated Buildings Market Regional Insights:

On region the Prefabricated Buildings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. North America has a mature and diverse prefabricated buildings market. In the United States, modular construction is gaining popularity for residential and commercial projects, driven by cost-efficiency and speed of construction.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period.The Indian market is emerging as a potential growth area for prefab construction, with a focus on affordable housing solutions and infrastructure development.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product- Combined System, Skeleton System, Cellular systems, and Panel Systems

By Material Type - Glass, Steel, Concrete & Cement, Metal, and Other Material Types

By Medium Type - Kitchenette, Bathroom Pods, and Others

By Application - Industrial, Residential, and Commercial

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Prefabricated Buildings Market Key Players

Prefabricated Buildings Market Key Players:

The key players operating the Prefabricated Buildings Market includes, Ritz, Red Sea Housing Services, Butler Manufacturing Company, Kirby Building Systems LLC, Lindal Cedar Homes Inc., Craft Corporation, Astron Buildings, Champion Home Builders, United Partition and Systems, and Algeco.

Recent Development:

The New Launched Product News,

  • In July 2023, Calgary-based Arthroto launched into the prefabrication construction sector, focusing on converting underutilized office spaces into residential and mixed-use housing. The business will collaborate in the area with Calgary-based DIRTT. According to a press release, DIRTT specializes in interior building that is sustainable, adaptable, and adjustable.

Strategic Acquisitions and Partnership News,

  • In December 2023, PHP Ventures Acquisition Corp. and Modulex Modular Buildings Plc., announced a definitive agreement for a business combination. The company merger positions Modulex to roll out an additional 15 factories throughout emerging countries, and will make it easier to finance five facilities across South Korea, Vietnam, Brazil, Egypt, and the US.

Prefabricated Buildings Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Material Type
      • Market Snippet, By Module Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Prefabricated Buildings Market, By Product, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Combined System
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Skeleton System
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cellular systems
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Panel Systems
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Prefabricated Buildings Market, By Material Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Glass
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Steel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Concrete & Cement
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metal
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other Material Types
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Prefabricated Buildings Market, By Module Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Kitchenette
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Bathroom Pods
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Prefabricated Buildings Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Industrial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Residential
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Commercial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Prefabricated Buildings Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Material Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Module Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Material Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Module Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Material Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Module Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Material Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Module Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Material Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Module Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Ritz
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Red Sea Housing Services
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Butler Manufacturing Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kirby Building Systems LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lindal Cedar Homes Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Craft Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Astron Buildings
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Champion Home Builders
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • United Partition and Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Algeco
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Prefabricated Buildings Market is segmented into Product, Material Type, Module Type, Application and Region.

Prefabricated Buildings Market is driven by factors like Speed of Construction and Global Infrastructure Projects.

The key players operating the Prefabricated Buildings Market includes, Ritz, Red Sea Housing Services, Butler Manufacturing Company, Kirby Building Systems LLC, Lindal Cedar Homes Inc., Craft Corporation, Astron Buildings, Champion Home Builders, United Partition and Systems, and Algeco.

Prefabricated Buildings Market accounted for US$ 165.5 Billion in 2024 and is estimated to be US$ 252.1 Billion by 2034 and is anticipated to register a CAGR of 4.70%.