Prefabricated Homes Market
Prefabricated Homes Market Analysis By Base Material (Wood, Glass, Steel), By Type (Modular, Penalized, Pre-Cut, Shipping Container) & By Region (North America, Latin America, Europe) - Global Market Insights 2022-2032
Analysis of Prefabricated Homes Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Prefabricated Homes Market Outlook (2022 to 2032)
There is a growing consensus about home ownership among people living in developing countries. This is because they are attracted to the ability to raise funds quickly from banks and other financial institutions. This has led builders and architects to look for options to build homes faster and cheaper to fit their clients' budgets. One of his popular options that stands out in Combat is a prefabricated house. These are known as "modular homes", "prefabricated homes" or "prefabricated homes", they are manufactured at one location and then transported to a destination location.
These homes are usually faster to build and even cheaper than major ‘stick brick homes, thus making them an option of choice for many people. The less time required in manufacturing and ease of shifting is among the foremost factors driving the demand for prefabricated homes.
The global prefabricated homes market valuation is USD 149.52 Billion in 2022. The market is further expected to surpass a valuation of USD 288.68 Billion by end of 2032. The industry is anticipated to grow with a CAGR of 6.8% in the forecast period.
Report Attributes |
Details |
|
Market size (2022 A) |
USD 149.52 Billion |
|
Base Year for Estimation |
2022 |
|
Forecast duration for this research |
2022-2032 |
|
Forecasted Market value (2032 F) |
USD 288.68 Billion |
|
Global Market Growth rate (2022-2032 E) |
CAGR of 6.8% |
|
Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the drivers of the prefabricated homes market?
Prefabricated homes offer a quick, affordable path to owning a home. The added benefit of building a prefabricated home is material used is generally more sustainable than conventional materials used to build houses. Prefabricated homes also have the benefit that they can either be built completely and then transported or different panels can be transported to the site to be attached later.
Some of the prefabricated homes can even move, like containers are fitted with wheels’ can be taken from one place to another. Innovation carried out in building a prefabricated home is in the vertical of base material used, thermal insulation of walls, etc.
These innovations bring betterment in the final product thus making it more attractive for the customers. Thus, the ease of construction as well as utility has been augmenting the demand for prefabricated homes.
What restricts the prefabricated homes market?
The prefabricated building manufacturers are struggling with offsite manufacturing. The requirement for heavy investments is hindering market entrants. The companies find it difficult to gain stable growth. The manufacturers are facing issues with pre-planning and modularization procedures.
The extensive coordination of design and transportation are factors where manufacturers need more investment. The strategic preplanning manufacturing creates pressure for further planning and may affect market growth in the forecast period.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Segment wise Insights
“Steel-based prefabricated homes to stay at the top in terms of demand”
In terms of base materials used, the prefabricated homes market is categorized into wood, glass, steel, and others. Prefabricated homes are commonly divided into modular, panelized, pre-cut, shipping containers, and other types. Modular and panelized homes are generally constructed in pieces and assembled at the site.
Currently, these segments are most utilized while the market for shipping container-based prefabricated homes is showcasing a higher growth rate, with the ease in availability to build a home in it. Currently, prefabricated homes are largely built using steel as the base material, followed by glass. Other base materials can also be utilized significantly more in the future with the development of better alternatives coming into the fray.
Prefabricated homes which are fixed at a site hold the major share currently, although the movable prefabricated homes take large strides every passing year. The movable prefabricated homes add the benefits of reduced investment towards the land site, thus making them more liked by the millennial generation. This can also be confirmed by considering the rise in sales of shipping container-based prefabricated homes which are a type of movable prefabricated homes.
Based on the type of permanent modular construction expected to hold a major share in the market. This type of segment is anticipated to hold the fastest-growing segment in the building construction field. Temporary housing needs are likely to drive this segment’s market share. The trend of reuse and reprocessing have propelled the demand for prefabricated buildings. The time and cost efficiency associated with the segment are key impulses behind the major share gained by this market.
Competitive Landscape
The market of prefabricated homes market is consolidated in nature as only a few key companies operating in the construction industry hold the major share. The newer entrants are trying to capture the white space available through the development of better designs for prefabricated homes.
In the global market for prefabricated homes several developers, are primarily converging on developing advanced versions of homes. The companies engaged in the manufacturing and distribution of prefabricated homes are focused on expanding their business sustainability.
The companies like Red Sea Housing and Blu homes announced their merger in the field of manufacturing customized homes and layouts. As per the source these companies produce 40% of homes with technologies that ensure energy efficiency and features such as thermal insulation.
Recent developments
- In October 2022, Cavco announced the acquisition of Solitaire homes which included its manufacturing facilities and transportation operations. The merger is expected to bring mutual profit to both firms by expanding their manufacturing capacities and distribution network.
- In October 2022, the skyline champion honored with recognition for the industry leader position in the field of modular designs. This award is given for excellence in home designs and Marketing.
Regional Outlook
The USA in North America dominates the share in the prefabricated homes market owing to USD 20.2 Billion in 2021. The North American markets are anticipated to drive this industry owing to the rise in demand and the presence of major players. Europe is likely to get a major growth rate in the forecast period.
Germany is likely to dominate in the European region in forecast period. The market in Asia is anticipated to be led by China where it is likely to gain USD 38.2 Billion by 2026. China, Japan, and Canada are likely to gain the maximum share in the forecast period owing to growth in a cluster of the regional construction industry.
Asia Pacific is likely to gain a majority of share in this market as it is attributed to rising construction activities and demand in the commercial segment. Proactive government policies are promoting eco-friendly manufacturing which is likely to open opportunities for this market.
Prefabricated Homes Market : Segmentation
-
By Material Type :
- Wood
- Glass
- Steel
-
By Type of Home :
- Modular
- Penelised
- Pre-cut
- Shipping Container
-
By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
- Emerging Countries
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material Type 6.2. Type Of Home 7. Global Market Analysis and Forecast, By Material Type 7.1. Wood 7.2. Glass 7.3. Steel 8. Global Market Analysis and Forecast, By Type Of Home 8.1. Modular 8.2. Penelised 8.3. Pre-cut 8.4. Shipping Container 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Material Type and Type Of Home for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Champion Home Builders, Inc. 19.2. Deltec Homes 19.3. Lindal Cedar Homes, Inc 19.4. Wisconsin Log Homes, Inc 19.5. Cavco Industries Inc. 19.6. Clayton Homes. Inc.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Material Type
Table 03: Global Market US$ Mn Forecast by Type Of Home
Table 04: North America Market US$ Mn Forecast by Country
Table 05: North America Market US$ Mn Forecast by Material Type
Table 06: North America Market US$ Mn Forecast by Type Of Home
Table 07: Latin America Market US$ Mn Forecast by Country
Table 08: Latin America Market US$ Mn Forecast by Material Type
Table 09: Latin America Market US$ Mn Forecast by Type Of Home
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Material Type
Table 12: Western Europe Market US$ Mn Forecast by Type Of Home
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Material Type
Table 15: Eastern Europe Market US$ Mn Forecast by Type Of Home
Table 16: East Asia Market US$ Mn Forecast by Country
Table 17: East Asia Market US$ Mn Forecast by Material Type
Table 18: East Asia Market US$ Mn Forecast by Type Of Home
Table 19: South Asia & Pacific Market US$ Mn Forecast by Country
Table 20: South Asia & Pacific Market US$ Mn Forecast by Material Type
Table 21: South Asia & Pacific Market US$ Mn Forecast by Type Of Home
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Material Type
Table 24: MEA Market US$ Mn Forecast by Type Of Home
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 17: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 18: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 20: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 21: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Material Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type Of Home
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the present market lookout for prefab homes?
The global prefabricated homes market valuation is USD 149.52 Billion in 2022.
Who are the prominent market players in this industry?
Some of the key players building prefabricated homes are • Champion Home Builders, Inc. • Deltec Homes • Lindal Cedar Homes, Inc • Wisconsin Log Homes, Inc • Cavco Industries Inc., • Clayton Homes. Inc.
What is future market estimates in the prefabricated buildings segment?
The market is further expected to surpass a valuation of USD 288.68 Billion by end of 2032.
What is rate of growth in the market anticipated in the future period?
The industry is anticipated to grow with a CAGR of 6.8% in the forecast period.
Which type of prefab homes are dominant in market share?
Steel-based prefabricated homes to stay at the top in terms of demand.
Prefabricated Homes Market