Top Market Shifts Transforming the Single-Family Modular and Prefabricated Housing Construction Market Landscape: Key Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Single-Family Modular and Prefabricated Housing Construction Market Through 2025?
The market size for single-family modular and prefabricated housing construction has seen consistent growth in recent history. It's forecasted to increase from a value of $50.18 billion in 2024 to $52.49 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.6%. Factors contributing to this growth throughout the historic period include cost efficiency, quality control, housing shortages, and technological advancements.

What's the Projected Size of the Global Single-Family Modular and Prefabricated Housing Construction Market by 2029?
The market size for single-family modular and prefab housing construction is predicted to consistently expand in the forthcoming years, reaching $63.42 billion by 2029 with a compound annual growth rate (CAGR) of 4.8%. The projected growth during this period can be credited to factors such as sustainability and energy conservation, customization and flexible design, integration of smart home technologies, and the urban lifestyle trend towards compact living. Key trends forecasted for the duration include sustainable and environmentally friendly building practices, personalized design, technological incorporation, and rapid construction schedules.

View the full report here:
https://www.thebusinessresearchcompany.com/report/single-family-modular-and-prefabricated-housing-construction-global-market-report

Top Growth Drivers in the Single-Family Modular and Prefabricated Housing Construction Industry: What's Accelerating the Market?
The primary driver of growth in the single-family modular and prefabricated housing construction market is the considerable focus on cost savings. This growth is achievable through the use of modular design which can cut project timelines by roughly 50% and reduces costs by about 20%. Such a design also leads to higher productivity and diminished expenses related to the employment needed for unit purchases in a production line setting. A report on modular construction within the US and Europe suggests that the new real-estate construction segment of the modular market is projected to hit $130 billion by 2030, resulting in an annual cost saving of around $20 billion. Therefore, it's anticipated that these significant cost savings will propel the growth of the single-family modular and prefabricated housing construction market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3186&type=smp

What Trends Will Shape the Single-Family Modular and Prefabricated Housing Construction Market Through 2029 and Beyond?
The incorporation of Building Information Modeling (BIM) in modular construction is a growing trend in the single-family modular and prefabricated housing construction sector. BIM is a ground-breaking technique used in the design, construction, and management of building models. It allows for a digital depiction of a construction's physical and functional attributes. This 3D modeling technology promotes data sharing and collaboration amongst all parties involved in the creation and maintenance of a constructed asset. BIM produces a 3D image of the building during the pre-construction phase, helping specialists identify and deal with potential inconsistencies in mechanical, electrical, and plumbing (MEP) systems early. OpenSpace, a software company from the US, for example, partnered with Switzerland's Revizto in June 2023 to introduce OpenSpace BIM+. This tool collection, specifically designed for field and virtual design and construction (VDC) teams, enhances BIM coordination on-site, increasing workflow efficiency and project completion speed. It permits users to cross-check 2D plans with 3D models, thus allowing field teams to compare site conditions with the project's BIM. The design is streamlined for easy use, enabling teams to utilize BIM technology effectively. The final aim is to encourage the use of BIM amongst teams willing to invest in these technologies.

What Are the Main 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3186&type=smp

Which Top Companies are Driving Growth in the Single-Family Modular and Prefabricated Housing Construction Market?
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

Which Regions Will Dominate the Single-Family Modular and Prefabricated Housing Construction Market Through 2029?
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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3186

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
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.

This release was published on openPR.