Australia Prefabricated Buildings Market Report and Forecast 2024-2032

Australia Prefabricated Buildings Market Outlook

The Australia prefabricated building market size reached USD 4.96 billion in 2023. The market is expected to grow at a CAGR of 6.84% between 2024 and 2032, reaching almost USD 8.93 billion by 2032.

Key Takeaways:

• As per the Australian Bureau of Statistics, there was a 19.4% increase in the value of new residential buildings, reaching $7.14 billion. Additionally, the value of non-residential buildings rose by 12.4% to $4.92 billion in January 2024 compared to December 2023.

• As stated by the Australia Forest Products Association, during the 2023 COP28 in Dubai, the Australian Government, along with 16 other nations, pledged to boost the utilisation of timber in construction by 2030.

• As per the International Trade Administration, Australia's Building and Construction sector conducts more than $162 billion worth of building and construction activities annually, representing approximately 10% of the GDP.

Concrete drives the Australia prefabricated building market growth due to its ability to provide enduring strength, withstand various weather conditions, and resist wear and tear over time

Concrete in prefabricated constructions provides lasting strength, weather resilience, fire protection, sound insulation, thermal control, and flexible customization with various textures, finishes, and colours for improved design adaptability.

Timber in prefabricated structures presents sustainability through renewable materials, inviting warmth, inherent insulation for economical energy use, lightweight ease of transport, and adaptable design options with simple shaping and modification capabilities.

Modscape, a manufacturer of prefabricated homes, had boosted production by building a new factory in Essendon Fields, Melbourne. The project included the construction of a purpose-built 20,000 square meter manufacturing facility.

Market Segmentation

Australia Prefabricated Building Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Material Type

• Concrete

• Timber

• Metal

• Glass

• Others

Market Breakup by Application

• Residential

• Commercial

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia prefabricated building market key players are Ausco Modular Pty Limited, Fleetwood Corporation Limited, Archiblox Pty Ltd, SPANBILT PTY LTD, Landmark Products Pty Ltd., Dynamic Modular Constructions, prefabAUS, Prebuilt Pty Ltd, and Fabprefab among others.

Key Highlights of the Report