Top Trends Transforming the Multifamily Modular and Prefabricated Housing Construction Market Landscape in 2025: Key Trends Shaping The Multifamily Modular And Prefabricated Housing Market

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How Large Will the Multifamily Modular and Prefabricated Housing Construction Market Size By 2025?
In late years, there has been significant expansion in the size of the market for multifamily modular and prefabricated housing construction. It is predicted to increase from $52.12 billion in 2024, to reach a market value of $55.73 billion in 2025, representing a compound annual growth rate (CAGR) of 6.9%. The rate of growth seen in the past can be linked to factors such as trends towards urbanization, affordability and cost effectiveness, sustainable and eco-friendly building methods, rapidness of construction, a lack of housing, and an increasing population.

How Big Is the Multifamily Modular and Prefabricated Housing Construction Market Size Expected to Grow by 2029?
Anticipated robust expansion in the upcoming years is predicted for the multifamily modular and prefabricated housing construction market, with a projection to achieve $73.84 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the forecast period include rising urbanization and population density, emphasis on cost-effective housing alternatives, environmental norms, and net-zero targets, resilience of the supply chain, and innovation in design and customization. Upcoming trends for the forecast period encompass off-site construction and assembly, reasonably priced housing solutions, creative materials, and construction methods, a shift towards building information modelling (BIM), as well as urban development led by modular construction.

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Which Key Market Drivers Powering Multifamily Modular and Prefabricated Housing Construction Market Expansion and Growth?
The projected growth of the multifamily modular and prefabricated housing construction market is likely to be influenced by the numerous benefits that modular construction provides. Modular and factory-built housing boast various strengths, including savings in cost and time, minimization of material waste, quality control in assembly lines, lessened disruption to local neighborhoods, and enhanced construction safety. For instance, estimates by the US-based non-profit trade association, the Modular building institute, indicate that in 2023, new construction starts in the modular sector comprised an estimated 6.64%. This accounted for a total project value of roughly $14.6 billion. An analysis of data gathered from 49 North American manufacturers displayed an average revenue of around $23,474,970 per manufacturer. This figure represented 43% of the total project value involving modular construction. Consequently, these modular and prefabricated construction benefits are expected to draw the attention of international construction firms towards modular housing construction. This, in turn, will add to the revenue and stimulate the growth of the multifamily modular and prefabricated housing construction market in the forecasted period.

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Which Fast-Growing Trends Are Poised to Disrupt the Multifamily Modular and Prefabricated Housing Construction Market?
Government-led efforts to encourage eco-friendly buildings and reduce waste, as well as compulsory use of modular and prefabricated systems, are key trends driving the growth of the multifamily modular and prefabricated housing market. In Singapore, for instance, the Building and Construction Authority (BCA) made the Prefabricated Prefinished Volumetric Construction (PPVC) acceptance framework a requirement at development sites, as stated on their website. Providers and makers of PPVC have been directed to ensure their PPVC systems, including bathrooms, comply with PPVC performance standards. As a result, the push for green buildings and modular housing by governments is likely to continue being an essential trend for the industry.

What Are the Emerging Segments in the Multifamily Modular and Prefabricated Housing Construction Market?
The multifamily modular and prefabricated housing construction market covered in this report is segmented -

1) By Type: Permanent, Relocatable
2) By Material: Steel, Precast Concrete, Wood, Plastic, Other Materials

Subsegments:
1) By Permanent: Multi-Story Modular Apartments, Permanent Prefabricated Units, Infill Housing Units
2) By Relocatable: Temporary Housing Units, Relocatable Modular Homes, Site Offices and Temporary Accommodation Units

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Who Are the Global Leaders in the Multifamily Modular and Prefabricated Housing Construction Market?
Major companies operating in the multifamily modular and prefabricated housing construction market include Laing O'Rourke, ATCO Ltd., Algeco UK Limited, Ritz-Craft Corporation, Red Sea International Company, Pleasant Valley Homes Inc., Connect Homes LLC, Kiss House, Marlette Homes Inc., Guerdon LLC, Northstar Systembuilt Inc., Cube Haus, Blu Homes Inc., Plant Prefab Inc., Simplex Homes Inc., Revolution Precrafted Properties Limited, Pine Grove Homes Inc., KLEUSBERG GmbH & Co. KG, Blokable Inc., New Era Building Systems Inc., nHouse Limited, PopUp House, Mod-U-Kraf Homes Inc., Stratford Homes LLC

Which are the Top Profitable Regional Markets for the Multifamily Modular and Prefabricated Housing Construction Industry?
Asia-Pacific was the largest region in the multifamily modular and prefabricated housing construction market in 2024. Africa is expected to be the fastest-growing region in the global multifamily modular and prefabricated housing construction market share during the forecast period. The regions covered in the multifamily modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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