According to a new market report published by Lucintel, the future of the global prefabricated housing market looks good with opportunities in the residential and commercial construction industries. The global prefabricated housing market is expected to reach an estimated $24 billion by 2027 with a CAGR of 5.5% from 2022 to 2027. The major drivers for this market are growth in construction activities and increasing awareness towards eco-friendly, time saving, and cost effective construction practices.
Lucintel forecasts that manufactured homes will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increase in demand of easily relocatable houses without dismantling it.
Within the global prefabricated housing market, residential housing will remain the largest end use market and it is also expected to witness the highest growth during the forecast period due to increasing demand for less time consuming housing construction and increased awareness of people towards reduction of wastage.
North America will remain the largest region and it is also expected to witness the highest growth over the forecast period as prefabrication promotes sustainability and reduces waste and thus meeting the Green Building Standards.
Emerging trends which have a direct impact on the dynamics of the market include usage of cigarette butt bricks to improve thermal properties of the prefabricated housing and usage of fly ash concrete to increase the strength of the building. Modulaire Group, Butler Manufacturing Company, Skyline Corporation, Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Red Sea Housing Services, and Bouygues SA are among the major suppliers of prefabricated housing market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global prefabricated housing market by product, construction type, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Prefabricated Housing Market 2022-2027.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global prefabricated housing market by home type, construction type, end use, and region, as follows:
By Home Type [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
· Manufactured Homes
· Modular Homes
· Panelized Homes
· Precut Homes
By Construction Type [Value ($ Million) from 2016 to 2027]:
· Single Section
· Multi-Section
By End Use [Value ($ Million) from 2016 to 2027]:
· Residential
· Commercial
By Region [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
·North America
Ø USA
Ø Canada
Ø Mexico
·Europe
Ø Germany
Ø France
Ø United Kingdoms
·APAC
Ø China
Ø Japan
Ø India
·ROW
Ø Brazil
Browse 87 market data tables and 97 figures spread through 227 pages and in-depth TOC on “Global Prefabricated Housing Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global prefabricated housing market by home type (manufactured, modular, panelized, and precut homes), construction type (single section and multi-sections), end use (residential and commercial) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which product segment will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are the emerging trends in this market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the market?
Q.8.What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years?