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Global Prefabricated Building Market Size – By System (Skeleton system, Panel System, Cellular System, and Combined System), By Module Type (Bathroom pods, Kitchenette and Others), Material Type (Steel-Based Prefabricated Buildings, Concrete-Based Prefabricated Buildings, and Wood-Based Prefabricated Buildings), Building Type (Modular Buildings, Panelized Buildings and Component Buildings), Application (Residential, Commercial and Industrial) & Region – Global Forecasts 2024 - 2034

  • PUBLISHED ON
  • 2024-07-02
  • NO OF PAGES
  • 231
  • CATEGORY
  • Construction & Manufacturing

Market Overview

The Prefabricated Building market is predicted to develop at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034, when it is projected to reach USD 24,576.52 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 13,742.86 Million in 2024.


SOURCE: We Market Research

The prefabricated building market encompasses the design, manufacturing, and assembly of buildings or their components in a factory setting, which are then transported and assembled on-site. This market includes a variety of structures, such as residential homes, commercial buildings, and industrial facilities, all constructed using prefabrication techniques. The primary advantage of prefabricated buildings is the significant reduction in construction time and costs, as components are produced in controlled environments, ensuring higher quality and less waste. This method also enhances sustainability by allowing for the recycling of materials and reducing the environmental impact of traditional construction practices.

The market is driven by the increasing demand for affordable housing, rapid urbanization, and a growing focus on green building solutions. Innovations in materials, such as advanced composites and smart building technologies, further propel market growth. Key players in this market range from specialized prefabrication firms to large construction companies incorporating prefabrication methods into their projects. The prefabricated building market is poised for significant expansion as it aligns with trends towards efficiency, sustainability, and scalability in the construction industry.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 13,742.86 Million

Market Forecast in 2034

USD 24,576.52 Million

CAGR % 2024-2034

6.7%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By System, By Module Type, By Material Type, By Building Type, By Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Prefabricated Building Industry: Dynamics & Restrains

 

 

Market opportunity:


We Market Research: Prefabricated Building Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Prefabricated Building Segmentation

Market- By Prefabricated Building Type Analysis

By Prefabricated Building Type, the Prefabricated Building market is categories into Skeleton system, Panel System, Cellular System, and Combined System. Skeleton system segments dominate the market with the largest share, accounting for over 38% of the market in 2023. Skeleton system involves the primary structure being manufactured off-site, typically including columns, beams, and core structures. It provides the basic framework for the building's structural integrity.


The following segments are part of an in-depth analysis of the global Prefabricated Building market:

Market Segments

By System

·         Skeleton system

·         Panel System

·         Cellular System

·         Combined System

By Module Type

·         Bathroom pods

·         Kitchenette

·         Others

By Material Type

·         Steel-Based Prefabricated Buildings

·         Concrete-Based Prefabricated Buildings

·         Wood-Based Prefabricated Buildings

By  Building Type

·         Modular Buildings

·         Panelized Buildings

·         Component Buildings

By Application

·         Residential

·         Commercial

·         Industrial

 

Prefabricated Building Industry: Regional Analysis

North America Market Forecast

North America dominates the global Prefabricated Building market, accounting for around 39% of the market share in 2023. North America is a mature market for prefabricated buildings, driven by demand for residential and commercial applications, including modular homes, offices, and educational facilities.


Europe Market Statistics

Europe has a strong presence in the prefabricated building market, characterized by advanced construction techniques, stringent building regulations favoring sustainable practices, and a robust industrial base.

Asia Pacific Market Forecasts

Asia Pacific is a rapidly growing market for prefabricated buildings, driven by urbanization, infrastructure development, and a burgeoning population. Countries like China and India are major contributors to market growth.

Middle East & Africa Market Statistics

MEA region is witnessing increased adoption of prefabricated buildings due to infrastructure development projects, urbanization trends, and efforts to address housing shortages and improve disaster resilience.

Key Market Players

The Prefabricated Building Market is dominated by a few large companies, such as

·         Lendlease Corporation

·         Skanska AB

·         Bouygues Construction

·         Laing O'Rourke

·         Red Sea Housing Services

·         Katerra

·         Algeco

·         Ritz-Craft Corporation

·         PrefabNZ

·         Kwikspace Modular Buildings

·         Alta-Fab Structures

·         Atco Ltd.

·         Norspace

·         Other

1.      Global Prefabricated Building Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Prefabricated Building Market Scope and Market Estimation

1.2.1. Global Prefabricated Building Overall Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)

1.2.2. Global Prefabricated Building Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. System of Global Prefabricated Building Market

1.3.2. Module Type of Global Prefabricated Building Market

1.3.3. Material Type of Global Prefabricated Building Market

1.3.4. Prefabricated Building Type of Global Prefabricated Building Market

1.3.5. Application of Global Prefabricated Building Market

1.3.6. Region of Global Prefabricated Building Market

2.      Executive Summary

2.1.    Demand Side Trends

2.2.    Key Market Trends

2.3.    Market Demand (US$ Bn) Analysis 2019 – 2023 and Forecast, 2024 – 2034

2.4.    Demand and Opportunity Assessment

2.5.    Demand Supply Scenario

2.6.    Market Dynamics

2.6.1. Drivers

2.6.2. Limitations

2.6.3. Opportunities

2.6.4. Impact Analysis of Drivers and Restraints

2.7.    Pricing Trends Analysis

2.8.    Overview of Technology Developments

2.9.    Porter’s Five Forces Analysis

2.9.1. Bargaining Power of Suppliers

2.9.2. Bargaining Power of Buyers

2.9.3. Threat of Substitutes

2.9.4. Threat of New Entrants

2.9.5. Competitive Rivalry

2.10.  PEST Analysis

2.10.1.   Political Factors

2.10.2.   Economic Factors

2.10.3.   Social Factors

2.10.4.   Technology Factors

2.11.  Value Chain / Ecosystem Analysis

2.12.  Key Regulation

3.      Global Prefabricated Building Market Estimates & Historical Trend Analysis (2019 - 2023)

4.      Global Prefabricated Building Market Estimates & Forecast Trend Analysis, by System

4.1.    Global Prefabricated Building Market Revenue (US$ Bn) Estimates and Forecasts, by System, 2019 - 2034

4.1.1. Skeleton system

4.1.2. Panel System

4.1.3. Cellular System

4.1.4. Combined System

5.      Global Prefabricated Building Market Estimates & Forecast Trend Analysis, by Module Type

5.1.    Global Prefabricated Building Market Revenue (US$ Bn) Estimates and Forecasts, by Module Type, 2019 - 2034

5.1.1. Bathroom pods

5.1.2. Kitchenette

5.1.3. Others

6.      Global Prefabricated Building Market Estimates & Forecast Trend Analysis, by Material Type

6.1.    Global Prefabricated Building Market Revenue (US$ Bn) Estimates and Forecasts, by Material Type, 2019 - 2034

6.1.1. Steel-Based Prefabricated Buildings

6.1.2. Concrete-Based Prefabricated Buildings

6.1.3. Wood-Based Prefabricated Buildings

7.      Global Prefabricated Building Market Estimates & Forecast Trend Analysis, by Building Type

7.1.    Global Prefabricated Building Market Revenue (US$ Bn) Estimates and Forecasts, by Building Type, 2019 - 2034

7.1.1. Modular Buildings

7.1.2. Panelized Buildings

7.1.3. Component Buildings

8.      Global Prefabricated Building Market Estimates & Forecast Trend Analysis, by Application

8.1.    Global Prefabricated Building Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2019 - 2034

8.1.1. Residential

8.1.2. Commercial

8.1.3. Industrial

9.      Global Prefabricated Building Market Estimates & Forecast Trend Analysis, by Region

9.1.    Global Prefabricated Building Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034

9.1.1. North America

9.1.2. Eastern Europe

9.1.3. Western Europe

9.1.4. Asia Pacific

9.1.5. Middle East & Africa

9.1.6. Latin America

10.  North America Prefabricated Building Market: Estimates & Forecast Trend Analysis

10.1.      North America Prefabricated Building Market Assessments & Key Findings

10.1.1.   North America Prefabricated Building Market Introduction

10.1.2.   North America Prefabricated Building Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)

10.1.2.1.    By System

10.1.2.2.    By Module Type

10.1.2.3.    By Material Type

10.1.2.4.    By Building Type

10.1.2.5.    By Application

10.1.2.6.    By Country

10.1.2.6.1. The U.S.

10.1.2.6.2. Canada

10.1.2.6.3. Mexico

11.  Western Europe Prefabricated Building Market: Estimates & Forecast Trend Analysis

11.1.  Western Europe Prefabricated Building Market Assessments & Key Findings

11.1.1.   Western Europe Prefabricated Building Market Introduction

11.1.2.   Western Europe Prefabricated Building Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)

11.1.2.1.    By System

11.1.2.2.    By Module Type

11.1.2.3.    By Material Type

11.1.2.4.    By Building Type

11.1.2.5.    By Application

11.1.2.6.    By Country

11.1.2.6.1.  Germany

11.1.2.6.2.  Italy

11.1.2.6.3.  U.K.

11.1.2.6.4.  France

11.1.2.6.5.  Spain

11.1.2.6.6.  Benelux

11.1.2.6.7.  Nordics

11.1.2.6.8. Rest of W. Europe

12.  Eastern Europe Prefabricated Building Market: Estimates & Forecast Trend Analysis

12.1.  Eastern Europe Prefabricated Building Market Assessments & Key Findings

12.1.1.   Eastern Europe Prefabricated Building Market Introduction

12.1.2.   Eastern Europe Prefabricated Building Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)

12.1.2.1.    By System

12.1.2.2.    By Module Type

12.1.2.3.    By Material Type

12.1.2.4.    By Building Type

12.1.2.5.    By Application

12.1.2.6.    By Country

12.1.2.6.1.  Russia

12.1.2.6.2.  Hungary

12.1.2.6.3.  Poland

12.1.2.6.4.  Balkan & Baltics

12.1.2.6.5. Rest of E. Europe

13.  Asia Pacific Prefabricated Building Market: Estimates & Forecast Trend Analysis

13.1.  Asia Pacific Market Assessments & Key Findings

13.1.1.   Asia Pacific Prefabricated Building Market Introduction

13.1.2.   Asia Pacific Prefabricated Building Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)

13.1.2.1.    By System

13.1.2.2.    By Module Type

13.1.2.3.    By Material Type

13.1.2.4.    By Building Type

13.1.2.5.    By Application

13.1.2.6.    By Country

13.1.2.6.1. China

13.1.2.6.2. Japan

13.1.2.6.3. India

13.1.2.6.4. Australia & New Zealand

13.1.2.6.5. South Korea

13.1.2.6.6. ASEAN

13.1.2.6.7. Rest of Asia Pacific

14.  Middle East & Africa Prefabricated Building Market: Estimates & Forecast Trend Analysis

14.1.  Middle East & Africa Market Assessments & Key Findings

14.1.1.   Middle East & Africa Prefabricated Building Market Introduction

14.1.2.   Middle East & Africa Prefabricated Building Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)

14.1.2.1.    By System

14.1.2.2.    By Module Type

14.1.2.3.    By Material Type

14.1.2.4.    By Building Type

14.1.2.5.    By Application

14.1.2.6.    By Country

14.1.2.6.1. UAE

14.1.2.6.2. Saudi Arabia

14.1.2.6.3. Turkey

14.1.2.6.4. South Africa

14.1.2.6.5. Rest of MEA

15.  Latin America Prefabricated Building Market: Estimates & Forecast Trend Analysis

15.1.  Latin America Market Assessments & Key Findings

15.1.1.   Latin America Prefabricated Building Market Introduction

15.1.2.   Latin America Prefabricated Building Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)

15.1.2.1.    By System

15.1.2.2.    By Module Type

15.1.2.3.    By Material Type

15.1.2.4.    By Building Type

15.1.2.5.    By Application

15.1.2.6.    By Country

15.1.2.6.1. Brazil

15.1.2.6.2. Argentina

15.1.2.6.3. Colombia

15.1.2.6.4. Rest of LATAM

16.  Country Wise Market: Introduction

17.  Competition Landscape

17.1.  Global Prefabricated Building Market Product Mapping

17.2.  Global Prefabricated Building Market Concentration Analysis, by Leading Players / Innovators / Emerging Players / New Entrants

17.3.  Global Prefabricated Building Market Tier Structure Analysis

17.4.  Global Prefabricated Building Market Concentration & Company Market Shares (%) Analysis, 2023

18.  Company Profiles

18.1.                     Lendlease Corporation

18.1.1.   Company Overview & Key Stats

18.1.2.   Financial Performance & KPIs

18.1.3.   Product Portfolio

18.1.4.   SWOT Analysis

18.1.5.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

18.2.      Skanska AB

18.3.      Bouygues Construction

18.4.      Laing O'Rourke

18.5.      Red Sea Housing Services

18.6.      Katerra

18.7.      Algeco

18.8.      Ritz-Craft Corporation

18.9.      PrefabNZ

18.10.  Kwikspace Modular Buildings

18.11.  Alta-Fab Structures

18.12.  Atco Ltd.

18.13.  Norspace

18.14.  Others

19.  Research Methodology

19.1.  External Transportations / Databases

19.2.  Internal Proprietary Database

19.3.  Primary Research

19.4.  Secondary Research

19.5.  Assumptions

19.6.  Limitations

19.7.  Report FAQs

20.  Research Findings & Conclusion

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  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Prefabricated Building Market in 2024?

Prefabricated Building Market was valued at USD 13,742.86 Million in 2024.

What is the growth rate for the Prefabricated Building Market?

Prefabricated Building Market size will increase at approximate CAGR of 6.7% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the market are Lendlease Corporation, Skanska AB, Bouygues Construction, Laing O'Rourke, Red Sea Housing Services, Katerra, Algeco, Ritz-Craft Corporation and others.

Which region dominates the Prefabricated Building Market?

North America dominates the market with an active share of 38%.

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