Prefabricated Home Market
Prefabricated Home Market Study by Modular, Penalized, Pre-Cut, and Shipping Containers in Wood, Glass, and Steel Materials From 2024 to 2034
Analysis of Prefabricated Home Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Prefabricated Home Market Outlook 2024 to 2034
The global prefabricated home market is valued at US$ 49.73 billion in 2024 and is forecasted to expand at a CAGR of 7.4% to reach US$ 101.54 billion by 2034.
As per prefabricated home industry analysis, there is an increasing consensus among people living in potentially high growth countries about owning homes. They are attracted to this because of the quick availability of funds from banks and other financial institutions.
Several builders and architects rush to find options to build more homes faster and cheaper as per the clients’ budgets. One of his popular options is a prefabricated house that stands out among similar items in combat. These are known as modular homes or prefabricated homes; they are manufactured at one location and then transported to a destination location.
Several key factors are leading to the significant growth of the prefabricated home industry. First, the demand for affordable housing solutions is rising, especially in urban areas where traditional construction methods are too costly or time-consuming.
The urbanization of people who migrate to cities in search of better opportunities also fuels this demand. In addition, there are factors of sustainability concerns since prefabricated homes incorporate primarily eco-friendly materials and energy-efficient designs.
As the world focuses on greener living, the use of these homes gains increased popularity. Moreover, modern construction techniques and technologies, such as CAD and precision engineering, improve the quality and look of prefabricated homes.
For instance, prefabricated homes appeal to different clientele based on the type of customization designs and the time construction takes to complete. Indeed, with increased infrastructure development and the growing demand for expedient and reliable housing solutions, the prefabricated home market will continue expanding.
| Report Attributes | Details |
|---|---|
| Prefabricated Home Market Size (2024E) | US$ 49.73 Billion |
| Forecasted Market Value (2034F) | US$ 101.54 Billion |
| Global Market Growth Rate (2024 to 2034) | 7.4 % CAGR |
| East Asia Market Growth Rate (2024 to 2034) | 9.5 % CAGR |
| North America Market Value (2034F) | US$ 19.22 Billion |
| Wood Segment Demand Value (2034F) | US$ 38.56 Billion |
| Glass Segment Market Value (2034F) | US$ 21.13 Billion |
| Key Companies Profiled | Champion Home Builders, Inc.; Lindal Cedar Homes, Inc.; Wisconsin Log Homes, Inc.; Cavco Industries, Inc.; Clayton Homes, Inc.; Deltec Homes. |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the Drivers of the Prefabricated Home Market?
The prefabricated home market offers 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 are either built completely or then transported or different panels are transported to the site to be attached later.
Some of the prefabricated homes even move, such as containers are fitted with wheels’ are 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, and others.
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 Home Market?
The prefabricated home market manufacturers are struggling with offsite manufacturing. The requirement for heavy investments is hindering market entrants. The companies find it challenging to gain stable growth. The manufacturers are facing issues with preplanning and modularization procedures.
The extensive coordination of design and transportation are factors that require more investment from manufacturers. The strategic preplanning manufacturing creates pressure for further planning and affects market growth in the forecast period.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Regional Outlook
According to the global prefabricated home industry outlook, North America is approximated to hold a leading position with revenue of US$ 11.66 billion in 2024. The North American region is anticipated to drive this industry owing to the rise in demand and the presence of major players. Europe is projected to get a major growth rate in the forecast period.
The United States is evaluated to dominate in the North American region in the forecast period. The market in Asia is anticipated to be led by China where it is forecasted to gain US$ 18.46 billion by 2034. China, Japan, and Canada are gaining a significant share in the forecast period owing to growth in a cluster of the regional construction industry.
Asia Pacific is gaining a majority 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 opening opportunities in this market.
Segment-Wise Insights
Steel-based Prefabricated Homes to Stay at the Top in terms of Demand
In terms of base materials used, the prefabricated home industry analysis 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 displaying 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 will also 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 home industry outlook adds the benefits of reduced investment towards the land site, thus making them more liked by the millennial generation. This is also confirmed by considering the rise in sales of shipping container-based prefabricated homes, which are 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 be the fastest-growing segment in the building construction field. Temporary housing needs are driving this segment’s market share. The trend of reuse and reprocessing has 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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
According to prefabricated home industry analysis, the 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, including 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 networks.
- In October 2022, the skyline champion was honored with recognition for the industry leader position in the field of modular designs. This award is given for excellence in home design and Marketing.
Segmentation of the Prefabricated Home Market Research
-
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)
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. Panelised
- 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 outlook for prefabricated homes?
The global prefabricated home market valuation is US$ 49.73 billion in 2024.
Who are the prominent market players in this industry?
Some of the key players are Champion Home Builders, Inc., Deltec Homes, Lindal Cedar Homes, Inc., Cavco Industries Inc., and Clayton Homes Inc.
What are future market estimates by the end of 2034?
The market is analyzed to reach a valuation of US$ 101.54 billion by the end of 2034.
What is the approximate rate of growth in the market during the future period?
The industry is anticipated to grow at a CAGR of 7.4% in the forecast period.
Which type of prefabricated homes are dominating in market share?
Steel-based prefabricated homes to stay at the top in terms of demand.
Prefabricated Home Market