Dublin, March 25, 2024 (GLOBE NEWSWIRE) -- The "Prefabricated Housing Market : Trends, Opportunities and Competitive Analysis [2024-2030]" report has been added to ResearchAndMarkets.com's offering.
The global prefabricated housing market is expected to reach an estimated $41.4 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growth in construction activities and increasing awareness of eco-friendly, time saving, and cost-effective construction practices. The future of the market looks promising with opportunities in the residential and commercial construction industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of cigarette butt bricks to improve thermal properties of the prefabricated housing and usage of fly ash concrete to increase the strength of the building.
Prefabricated Housing Market by Home Type [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:
- Manufactured Homes
- Modular Homes
- Panelized Homes
- Precut Homes
Manufactured homes is projected to 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.
Prefabricated Housing Market by Construction Type [Value ($ Million) from 2018 to 2030]:
- Single-Section
- Multi-Section
Prefabricated Housing Market by End Use [Value ($ Million) from 2018 to 2030]:
- Residential
- Commercial
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.
Prefabricated Housing Market by Region [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:
- North America
- Europe
- APAC
- RoW
North America will remain the largest region and it is also expected to witness the highest growth over the forecast as prefabrication promotes sustainability and reduces waste and thus meeting the green building standards.
List of Prefabricated Housing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, prefabricated housing companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the prefabricated housing companies profiled in this report include:
- Modulaire Group
- Kirby Building Systems LLC
- Skyline Corporation
- Lindal Cedar Homes
- Butler Manufacturing Company
- Astron Buildings
- Red Sea Housing Services
- Bouygues SA
- Ritz Craft Corporation
- Cavco Industries, Inc.
Features of the Report
- Market Size Estimates: Prefabricated housing market size estimation in terms of value ($M) and Volume (Million Units) shipment.
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Prefabricated housing market by various segments, such as home type, construction type, and end use, and regions in terms of value.
- Regional Analysis: Prefabricated housing market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different home type, construction type, end use, and regions for global prefabricated housing market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the prefabricated housing market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/knklfq
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