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Leading Growth Driver in the Prefabricated Buildings Market in 2025: Rising Demand for Residential Homes Fuels Growth in the Prefabricated Buildings Market Driver's Influence
Prefabricated Buildings Market Share
The prefabricated buildings market is set to experience growth, driven primarily by the increasing demand for residential homes. This surge in demand can be attributed to factors such as population expansion, rising urbanization, and a growing aspiration for home ownership and tailored living spaces. Prefabricated construction provides significant advantages for residential structures, offering speedy, economical building solutions with consistent quality. This is because elements are pre-manufactured in a controlled environment, allowing for quick assembly on site. For instance, the Australian Bureau of Statistics reported in July 2023 that the number of dwellings under construction increased by 1.3% to 240,813 in the first quarter of 2023, a significant jump from 195,201 in March 2021. Thus, the escalating demand for residential homes is fueling the expansion of the prefabricated buildings market.
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How will the growth rate of the prefabricated buildings market shape industry trends by 2034?
In recent years, the prefabricated buildings market has witnessed solid expansion. It is projected to escalate from $165.85 billion in 2024 to $178.95 billion in 2025, representing a compound annual growth rate (CAGR) of 7.9%. The significant growth during the historic period can be linked to the growing demand for residential houses, heightened governmental aid, swift industrialization, a global rise in environmental impact awareness, amplified private sector investments in construction, and an increase in the desire for new home construction.
Expectations are high for the prefabricated buildings market, with strong growth projected in the coming years. The market value is anticipated to rise to $239.23 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. Several factors contribute to this predicted growth, including increasing construction activities, the proliferation of corporate offices, growing demand for modular homes, an increasing preference for turnkey solutions, and the rising requirement for a panel system. Key trends that will shape the forecast period comprise progress in modular construction techniques, the use of sustainable materials, the incorporation of smart home technology, the use of 3D printing, enhanced customization options, and the embracing of energy efficiency methods.
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What trends are poised to drive the future success of the prefabricated buildings market?
Prominent businesses in the prefabricated buildings industry are making strategic investments to improve their technological prowess, enlarge their product range, and enhance operational efficiency. These strategic expenditures lead to advancements in manufacturing technology, boost efficiency, and expand the range of products in the prefabricated buildings sector, resulting in expedited construction, lower costs, and more sophisticated, sustainable solutions. For example, in February 2023, EPACK Prefab, a pre-engineered building solutions producer based in India, committed $23.62 million (?198 crore) to set up a fresh manufacturing unit in Andhra Pradesh. The unit is to be situated in the Mambattu Industrial zone of the Sullurpeta constituency, spanning roughly 25 acres. The purpose of this investment is to secure a broader market segment in the southern part of India, where there is a growing demand for prefabricated building solutions. The close proximity to the southern market is also expected to cut transportation expenses, which currently push up prices by about 20%.
Which primary segments of the prefabricated buildings market are driving growth and industry transformations?
The prefabricated buildings market covered in this report is segmented -
1) By Product: Skeleton System; Panel System; Cellular System; Combined System
2) By Material: Concrete; Glass; Metal; Timber; Other Materials
3) By Module Type: Bathroom Pods; Kitchenette; Other Module Types
4) By Application: Industrial; Commercial; Residential
Subsegments:
1) By Skeleton System: Steel Frame Systems; Concrete Frame Systems; Timber Frame Systems; Hybrid Frame Systems; Modular Skeleton Systems
2) By Panel System: Concrete Panel Systems; Steel Panel Systems; Timber Panel Systems; Sandwich Panel Systems; Glass Panel Systems; Prefabricated Wall Panel Systems
3) By Cellular System: Concrete Cellular Systems; Steel Cellular Systems; Modular Cellular Systems; Insulated Cellular Systems; Prefabricated Room Modules
4) By Combined System: Hybrid Structural Systems; Modular Prefabricated Units with Integrated Structural Elements; Mixed-Use Combined Systems; Combined Prefabricated Walls And Floors Systems
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Which geographical regions are pioneering growth in the prefabricated buildings market?
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.
Who are the influential players reshaping the prefabricated buildings market landscape?
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
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What Is Covered In The Prefabricated Buildings Global Market Report?
•Market Size Forecast: Examine the prefabricated buildings market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the prefabricated buildings market for a structured understanding.
•Key Players Overview: Analyze major players in the prefabricated buildings market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the prefabricated buildings market.
•Segment Contributions: Evaluate how different segments drive overall growth in the prefabricated buildings market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the prefabricated buildings market.
•Industry Challenges: Identify potential risks and obstacles affecting the prefabricated buildings market.
•Competitive Landscape: Review strategic developments in the prefabricated buildings market, including expansions, agreements, and new product launches.
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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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