Top Market Shifts Transforming the Prefabricated Buildings Market Landscape: Key Insights

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What Is the Expected CAGR for the Prefabricated Buildings Market Through 2025?
Recent years have seen a substantial growth in the prefabricated buildings market, with its size predicted to rise from $165.85 billion in 2024 to $177.65 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. This expansion during the historic period can be credited to several factors such as growing demand for residential houses, escalated government backing, swift industrialization, increased cognizance about environmental effects globally, an uptick in private sector's investment in construction, and a surge in the demand for new home construction.

What's the Projected Size of the Global Prefabricated Buildings Market by 2029?
The market for prefabricated buildings is predicted to experience vigorous growth in the approaching years, reaching a value of $235.32 billion in 2029 with a 7.3% Compound Annual Growth Rate (CAGR). This growth during the projected period can be attributed to an increase in the construction activities, the expansion of corporate offices, a surge in demand for modular homes and turnkey solutions, and an increased necessity for a panel system. The forecast period also foresees major trends such as advancements in modular building methods, utilization of sustainable materials, incorporation of smart home technology, adoption of 3D printing technology, increased customization options, and employment of energy-efficient methodologies.

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Top Growth Drivers in the Prefabricated Buildings Industry: What's Accelerating the Market?
The prefabricated buildings market is forecasted to grow due to an increasing demand for residential homes. A variety of factors such as growing population, escalating urbanization, and the increasing aspiration for home ownership and customized living spaces are inducing a rise in the demand for residential homes. Prefabricated buildings offer advantages to residential homes by allowing expedited, cost-effective construction with standard quality, as parts are pre-produced in a managed setting and swiftly set up on site. For example, the Australian Bureau of Statistics, an Australian government department that compiles and evaluates statistics, reported in July 2023 that the number of homes under construction had escalated by 1.3% to 240,813 in the March quarter of 2023, relative to 195,201 in March 2021. Hence, the boost in demand for residential homes is fuelling the growth of the prefabricated buildings market.

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Which Emerging Trends Are Transforming the Prefabricated Buildings Market in 2025?
Companies in the prefabricated buildings industry, such as EPACK Prefab, are making strategic investments to increase their technological capabilities, expand their product range, and achieve a higher operational efficiency. These investments play a crucial role in advancing the manufacturing technology and efficiency of prefabricated buildings, expanding their product range, resulting in more rapid construction, lowered costs, and the creation of more innovative and sustainable solutions. For instance, in February 2023, EPACK Prefab, a leading pre-engineered building solutions company from India, committed $23.62 million (₹198 crore) to set up a new manufacturing plant in Andhra Pradesh. The new facility, occupying around 25 acres in the Mambattu Industrial area of Sullurpeta constituency, is designed to garner a substantial market share in Southern India, a region with growing prefabricated building solutions demand. Besides, being closer to the target market is projected to cut down transportation costs by nearly 20%, which have been increasing product prices.

What Are the Main Segments in the Prefabricated Buildings Market?
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 Top Companies are Driving Growth in the Prefabricated Buildings Market?
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

Which Regions Will Dominate the Prefabricated Buildings Market Through 2029?
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.

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