What are the latest figures on the single-family modular and prefabricated housing construction market’s size and projected CAGR?
The single-family modular and prefabricated housing construction market size has grown steadily in recent years. It will grow from $50.18 billion in 2024 to $52.49 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to cost efficiency, quality control, housing shortages, technological advances.
The single-family modular and prefabricated housing construction market size is expected to see steady growth in the next few years. It will grow to $63.42 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to sustainability and energy efficiency, customization and design flexibility, smart home integration, urbanization and compact living. Major trends in the forecast period include sustainability and green building, design and customization, technology integration, shortened construction timelines.
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Which Market drivers have played a significant role in driving the single-family modular and prefabricated housing construction market?
The significant focus on cost savings is a key factor driving the growth of the single-family modular and prefabricated housing construction market. Modular design can minimise project deadlines by as much as 50% and costs by 20%. They lead to increased productivity and lower employment expenses associated with purchasing units along a production line. According to a report on modular construction in Europe and the US, the modular market value in new real-estate construction is expected to reach $130 billion by 2030, delivering an annual cost saving of $20 billion. Therefore, the significant cost savings are expected to drive the single-family modular and prefabricated housing construction market growth.
What are the key segments within the single-family modular and prefabricated housing construction market?
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
Subsegments:
1) By Permanent: Modular Homes, Prefabricated Concrete Homes, Timber-framed Prefab Homes
2) By Re-locatable: Portable Modular Homes, Temporary Housing Units, Mobile Prefabricated Homes
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Which key players are shaping the single-family modular and prefabricated housing construction market?
Major companies operating in the single-family modular and prefabricated housing construction market include 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
How will evolving trends contribute to the growth of the single-family modular and prefabricated housing construction market?
Implementation of Building Information Modeling (BIM) in modular construction is an emerging trend in the single-family modular and prefabricated housing construction market. Building Information Modeling (BIM) is a revolutionary technique for designing, building, and managing construction models. This 3D model-based technology provides a digital representation of a building’s physical and functional qualities. The technology enables all parties engaged in the built asset’s creation and lifespan management to share data and collaborate. During the pre-construction phase, BIM provides specialists with a 3D picture of the structure. It allows specialists to detect potential incompatibilities in mechanical, electrical, and plumbing (MEP) systems and address them at an early stage. For instance, in June 2023, OpenSpace, a US-based software company, partnered with Revizto, a Switzerland-based software company, to launch OpenSpace BIM+. It offers a user-friendly suite of 3D tools tailored for field and virtual design and construction (VDC) teams, enhancing on-site BIM coordination to improve workflow efficiency and expedite project completion. It allows users to easily compare 2D drawings with 3D models, enabling field teams to evaluate site conditions against the project’s BIM. The design prioritizes simplicity, making it accessible for teams to effectively utilize BIM technology. Its goal is to boost BIM adoption rates among teams committed to investing in these technologies.
Which geographic trends are shaping the single-family modular and prefabricated housing construction market, and which region has the highest market share?
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
What Does The Single-Family Modular and Prefabricated Housing Construction Market Report 2025 Offer?
The single-family modular and prefabricated housing construction market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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