Global Single-Family Modular and Prefabricated Housing Construction Market Growth Drivers 2024, Forecast To 2033
19 Jan, 2024
The market size for single-family modular and prefabricated housing construction has steadily grown from $47.17 billion in 2023 to $49.35 billion in 2024, reflecting a 4.6% CAGR. Historical growth is attributed to cost efficiency, quality control, housing shortages, and technological advances. Predictions for 2028 estimate a market size of $59.51 billion, growing at a 4.8% CAGR. Key contributors include sustainability, energy efficiency, customization, design flexibility, smart home integration, urbanization, and compact living. Trends in the forecast period emphasize sustainability, green building, design, customization, technology integration, and shortened construction timelines.
Global Single-Family Modular and Prefabricated Housing Construction Market Key Driver
Cost savings drive the growth of the single-family modular and prefabricated housing construction market. Modular designs minimize project deadlines by 50% and costs by 20%, fostering increased productivity. The modular market value is anticipated to reach $130 billion by 2030, emphasizing significant cost savings propelling market growth.
Get A Free Sample Of The Global Single-Family Modular and Prefabricated Housing Construction Market ReportGlobal Single-Family Modular and Prefabricated Housing Construction Market Segments
The single-family modular and prefabricated housing construction market covered in this report is segmented –
1) By Type: Permanent, Re-locatable
2) By Material: Steel, Wood, Concrete, Other Materials
3) By Application: Residential, Commercial, Industrial
By Geography: The regions covered in the single-family modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the single-family modular and prefabricated housing construction market in 2023. Eastern Europe is expected to be the fastest-growing region in the single-family modular and prefabricated housing construction market during the forecast period. The regions covered in the single-family modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Single-Family Modular and Prefabricated Housing Construction Industry Players
Red Sea Housing Services, Skanska AB, Bouygues Construction, ACS Actividades de Construcción y Servicios SA, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty Plc., Taisei Corporation, System House R & C Co. Ltd, Larsen & Toubro Limited, Algeco Scotsman, Skyline Champion Corporation, Kirby Building Systems LLC, Butler Manufacturing, Astron Buildings, Modular Engineering, Niko Prefab Building Systems Pvt Ltd, Par-Kut International, Schulte Building Systems Inc., United Partition Systems Inc., Vardhman Pre-Engineered Building Systems, Laing O'Rourke, Palomar Modular Buildings, Guerdon Enterprises LLC, JL Modular Inc., Julius Berger Nigeria PLC, Katerra, Speed House Group of Companies, Supertech Industries LLC, Tempohousing, Cavco Industries Inc, Lendlease, Clayco, Suffolk Construction, DPR Construction, PCL Construction Enterprises, Walsh Group, BL Harbert, Level 10 Construction, Austin Commercial, James G. Davis Construction, Turner Construction Co., Clark Group, AECOM, Hensel Phelps, Holder Construction, Whiting-Turner Contracting Co., Gilbane Building Co., Structure Tone, Webcor Builders, Power Construction, Consigli Building Group, McCarthy Holdings, Hoffman Construction, Brasfield & Gorrie, Mortenson Const
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Single-Family Modular and Prefabricated Housing Construction Market Overview
Single-family modular and prefabricated housing construction is the process of building, altering, repairing, improving, or demolishing any single-family residential building or structure developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time.
Single-Family Modular and Prefabricated Housing Construction Global Market Report 2023 provides data on the global single-family modular and prefabricated housing construction market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The single-family modular and prefabricated housing construction market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.