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Cost-Effective Building Solutions Fueling Growth In Single-Family Modular And Prefabricated Housing Construction: A Significant Driver Propelling The Single-Family Modular and Prefabricated Housing Construction Market In 2025
Single-Family Modular and Prefabricated Housing Construction
What Is the Single-Family Modular and Prefabricated Housing Construction Market Size and Projected Growth Rate?
The single-family modular and prefabricated housing construction market size has grown steadily in recent years. It will rise from $50.18 billion in 2024 to $52.49 billion in 2025 at a CAGR of 4.6%. Growth is driven by cost efficiency, quality control, housing shortages, and technological advancements.
The single-family modular and prefabricated housing construction market size is expected to show steady growth, increasing to $63.42 billion by 2029 with a CAGR of 4.8%. Growth is fueled by sustainability, design flexibility, smart home adoption, and urban lifestyle shifts. Major trends include green building techniques, customizable designs, tech integration, and faster construction timelines.
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What Are the Major Segments in the Single-Family Modular and Prefabricated Housing Construction Market?
The single-family modular and prefabricated housing construction market covered in this report is segmented -
1) By Type: Permanent, Re-locatable
2) By Material: Steel, Wood, Concrete, Other Materials
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Permanent: Modular Homes, Prefabricated Concrete Homes, Timber-framed Prefab Homes
2) By Re-locatable: Portable Modular Homes, Temporary Housing Units, Mobile Prefabricated Homes
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What Are The Driving Single-Family Modular and Prefabricated Housing Construction Market Evolution?
The emphasis on cost savings is a key driver for the single-family modular and prefabricated housing construction market. Modular designs help shorten project timelines by up to 50% and reduce costs by 20%, enhancing productivity and lowering labor expenses. A report on modular construction in Europe and the U.S. predicts that the modular market in new real-estate construction will reach $130 billion by 2030, delivering $20 billion in annual savings. Therefore, cost efficiency is a major factor contributing to the growth of this market.
Which Firms Dominate The Single-Family Modular and Prefabricated Housing Construction Market Segments?
Major companies operating in the single-family modular and prefabricated housing construction market include Red Sea Housing Services, Skanska AB, Bouygues Construction, ACS Actividades de Construcción y Servicios SA, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty Plc., Taisei Corporation, System House R & C Co. Ltd, Larsen & Toubro Limited, Algeco Scotsman, Skyline Champion Corporation, Kirby Building Systems LLC, Butler Manufacturing, Astron Buildings, Modular Engineering, Niko Prefab Building Systems Pvt Ltd, Par-Kut International, Schulte Building Systems Inc., United Partition Systems Inc., Vardhman Pre-Engineered Building Systems, Laing O'Rourke, Palomar Modular Buildings, Guerdon Enterprises LLC, JL Modular Inc., Julius Berger Nigeria PLC, Katerra, Speed House Group of Companies, Supertech Industries LLC, Tempohousing, Cavco Industries Inc, Lendlease, Clayco, Suffolk Construction, DPR Construction, PCL Construction Enterprises, Walsh Group, BL Harbert, Level 10 Construction, Austin Commercial, James G. Davis Construction, Turner Construction Co., Clark Group, AECOM, Hensel Phelps, Holder Construction, Whiting-Turner Contracting Co., Gilbane Building Co., Structure Tone, Webcor Builders, Power Construction, Consigli Building Group, McCarthy Holdings, Hoffman Construction, Brasfield & Gorrie, Mortenson Const
What Trends Are Driving Growth in The Single-Family Modular and Prefabricated Housing Construction Market?
Building Information Modeling (BIM) is becoming an emerging trend in modular construction within the single-family modular and prefabricated housing markets. BIM is a 3D modeling technology that enables the sharing of data and collaboration among all parties involved in construction. BIM helps identify issues early in the construction process, particularly in mechanical, electrical, and plumbing (MEP) systems. For example, in June 2023, OpenSpace, a US-based software company, partnered with Revizto, a Swiss software company, to launch OpenSpace BIM+, a tool designed to enhance BIM coordination and improve project efficiency by comparing 2D drawings with 3D models.
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Which Is The Largest Region In The Single-Family Modular and Prefabricated Housing Construction Market?
Asia-Pacific was the largest region in the single-family modular and prefabricated housing construction market in 2023. Eastern Europe is expected to be the fastest-growing region in the single-family modular and prefabricated housing construction market during the forecast period. The regions covered in the single-family modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Single-Family Modular and Prefabricated Housing Construction Market?
2. What is the CAGR expected in the Single-Family Modular and Prefabricated Housing Construction Market?
3. What Are the Key Innovations Transforming the Single-Family Modular and Prefabricated Housing Construction Industry?
4. Which Region Is Leading the Single-Family Modular and Prefabricated Housing Construction Market?
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