Lucintel Forecasts Prefabricated Housing Market to Reach$41.0 billion by 2030
Lucintel Forecasts Prefabricated Housing Market to Reach$41.0 billion by 2030
Blog Article
According to the recent study the prefabricated housing market is projected to reach an estimated $41.0 billion by 2030from $28.9 billion in 2023, at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by construction activities and increasing awareness of eco-friendly, time saving, and cost-effective construction practices.
A more than 150-pagereport to understand trends, opportunities and forecast in 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).
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.
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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.
Modulaire Group, Butler Manufacturing Company, Skyline Corporation, Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Red Sea Housing Servicesare the major suppliers in the prefabricated housing market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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