According to Arizton’s latest research report, the prefabricated buildings market is growing at a CAGR of 6.03% during 2024-2030.
Looking for More Information? Click: https://www.arizton.com/market-reports/prefabricated-building-market
Report Scope:
Market Size (2030): $208.10 Billion
Market Size (2024): $146.47 Billion
CAGR (2024-2030): 6.03%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: System, Materials, End Users, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
Market Overview
The global prefabricated buildings market features a competitive landscape dominated by key players such as Algeco Scotsman, ATCO, Berkeley Group, Bouygues International, CIMC Modular Building, and Red Sea Housing Services, each leveraging unique strengths to carve out their market position.
Nations like India and China present significant growth opportunities for the prefabrication market, driven by strong government initiatives focused on affordable housing and large-scale infrastructure development. Programs such as India's "Housing for All" and China's urban redevelopment efforts promote the adoption of innovative construction techniques, including prefabrication, while private sector investments in smart cities and green infrastructure further support market growth.
Despite its benefits, such as reduced construction time, lower waste, and cost-efficiency, cultural preferences for traditional construction methods in certain regions pose barriers to the widespread adoption of prefabrication. Residential sectors in countries with a strong preference for handcrafted or masonry-based structures may perceive prefabricated buildings as less durable or aesthetically appealing. Educating stakeholders about the long-term benefits of prefabrication can help overcome these challenges.
The trend towards eco-friendly materials in prefabrication is also gaining momentum, with materials like recycled steel, bamboo, and cross-laminated timber gaining popularity due to their sustainability credentials. Government incentives for green building practices are likely to further accelerate this shift.
Recent Development
- In 2024, Berkeley Group unveiled the SEGRO V-Park Grand Union, a six-storey modular industrial development in London. This project highlights how modular construction can optimize space on compact urban sites while advancing sustainability and urban regeneration goals. With the increasing demand for efficient, multi-use spaces, Berkeley Group’s approach underscores the growing importance of modular solutions in industrial and mixed-use developments.
- In 2023, Algeco, in collaboration with Hygieia, introduced a range of modular Community Diagnostic Centres (CDCs) in three standard sizes for the healthcare sector. This modular construction method offers flexible, scalable, and efficient healthcare facilities that can be quickly deployed to meet rising demand. The success of this initiative is expected to drive further adoption of prefabricated solutions in healthcare infrastructure, positioning Algeco as a leader in addressing the urgent need for diagnostic facilities.
The Rise of Turnkey Solutions Driving Growth in the Prefabricated Buildings Market
The growing demand for turnkey solutions is significantly boosting the prefabricated buildings market by streamlining the construction process and offering a more efficient, cost-effective approach. Turnkey projects, where a single contractor oversees all stages from design to completion, are particularly appealing in the prefabricated sector. This method simplifies the entire process for clients by providing a single point of contact, ensuring better coordination, fewer delays, and reduced complications. For prefabricated buildings, the turnkey model minimizes risks, accelerates delivery timelines, and often results in lower overall project costs, making it a highly attractive option for large-scale commercial, residential, and industrial developments.
As developers and businesses increasingly seek ways to reduce complexity and improve efficiency, turnkey solutions in the prefabricated building sector are meeting these needs. This trend is driving market growth, as it allows for faster project completion, lower operational costs, and improved quality control, all of which contribute to the expanding adoption of prefabricated buildings across various industries.
Looking for More Information? Click: https://www.arizton.com/market-reports/prefabricated-building-market
Key Vendors
- Algeco Scotsman
- ATCO
- Berkeley Group
- Bouygues International
- CIMC Modular Building
- Red Sea Housing Services
- Abtech
- ALHO Systembau
- Alta-Fab
- Art's Way Manufacturing
- Astron Buildings
- Ceramic Houses
- Clayton
- Daiwa House Industry
- DFH Group
- DK Modular Systems
- Fertighaus WEISS
- Fleetwood Australia
- Guerdon
- HUF HAUS
- ICHIJO
- KLEUSBERG
- Laing O'Rourke
- Lindal
- Par-Kut International
- REM
- Sekisui House
- Skanska
- Fullerton Building Systems
- VITHAUS
Segmentation & Forecasts
System
- Skeleton system
- Panel system
- Cellular system
- Combined system
- Others
Materials
- Steel
- Concrete & Cement
- Wood
- Others
End-Users
- Non-residential
- Commercial Building
- Hospitality
- Government
- Education
- Others
- Residential
Geography
APAC
- China
- India
- Japan
- Australia
- South Korea
North America
- The US
- Canada
Europe
- Russia
- Germany
- The UK
- France
- Italy
- Spain
Middle East & Africa
- Saudi Arabia
- The UAE
- Turkey
- South Africa
Latin America
- Brazil
- Mexico
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the prefabricated buildings market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/prefabricated-building-market
What Key Findings Will Our Research Analysis Reveal?
How large is the global prefabricated buildings market?
Which end-user provides more business opportunities in the global prefabricated buildings market?
Who are the key players in the global prefabricated buildings market?
Which system has the largest share in the global prefabricated buildings market?
What are the latest trends in the global prefabricated buildings market?
Looking for Customization According to Your Business Requirement? https://www.arizton.com/customize-report/4673
Other Related Reports that Might be of Your Business Requirement
Global Carpet Flooring Market - Focused Insights 2024-2029
https://www.arizton.com/market-reports/carpet-flooring-market
Green Building Materials Market – Global Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/green-building-materials-market
Why Arizton?
100% Customer Satisfaction
24x7 availability – we are always there when you need us
200+ Fortune 500 Companies trust Arizton's report
80% of our reports are exclusive and first in the industry
100% more data and analysis
1500+ reports published till date
Post-Purchase Benefit
- 1hr of free analyst discussion
- 10% off on customization
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/prefabricated-building-market
