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Philippines Prefabricated Buildings Market Size, Forecast: By Material Type: Concrete, Glass, Metal, Timber, Others; By Application: Residential, Commercial, Industrial; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Philippines Prefabricated Buildings Market Size
The Philippines prefabricated buildings market reached around USD 1592.85 million in 2023. The market is projected to grow at a CAGR of 11.3% between 2024 and 2032 to reach nearly USD 4174.76 million by 2032.
| Philippines Prefabricated Buildings Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | 1,592.85 |
| Market Size 2032 | USD Million | 4,174.76 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 11.3% |
| CAGR 2024-2032 - Market by Material Type | Metal | 12.9% |
| CAGR 2024-2032 - Market by Application | Commercial | 12.5% |
| 2023 Market Share by Material Type | Glass | XX% |
Philippines Prefabricated Buildings Market Outlook
- Prefab buildings generally cost 10%-20% less than traditional buildings and can be built much more quickly.
- The prices of residential properties in Manila surged by over 26% in 2023.
- Timber is expected to emerge as a dominant construction material over the forecast period.
Philippines Prefabricated Buildings Market Growth
As per the Prime Global Cities Index, housing prices in Manila have risen relatively more sharply than the world’s prime cities (at 4.1%), including cities like Mumbai and Tokyo. The typical price of a new house in the Philippines is $1260 per square meter, with the cheapest housing options being valued at nearly $50,000, indicating an upward trajectory. In 2023, Bangko Sentral ng Pilipinas (BSP) reported that residential real estate prices in the country recorded a year-on-year growth of 7.7%. This is expected to lead to an increase in the construction of prefabricated residential buildings, which allow homeowners to customise their housing interiors at substantially lower costs.
Prefabricated buildings incorporate energy-efficient practices and encourage the usage of sustainable materials, which significantly minimises the overall carbon footprint of construction projects as compared to traditional building construction. Moreover, eliminating the need for frequent transportation of raw materials results in substantial savings in fuel costs.
Major prefabricated building construction companies that provide additional services like plumbing and electrical services are expected to garner widespread consumer appeal. Moreover, foundation construction is expected to become a major responsibility of prefab building construction companies, as it enhances the structure’s resilience to natural disasters and improves its durability.
Philippines Prefabricated Buildings Industry Segmentation
Philippines Prefabricated Buildings Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Material Type |
| Metal | 12.9% |
| Timber | 12.3% |
| Glass | 11.8% |
| Concrete | XX% |
| Others | XX% |
Market Breakup by Material Type
- Concrete
- Glass
- Metal
- Timber
- Others
| CAGR 2024-2032 - Market by | Application |
| Commercial | 12.5% |
| Residential | XX% |
| Industrial | XX% |
Market Breakup by Application
- Residential
- Commercial
- Industrial
Philippines Prefabricated Buildings Market Share
| 2023 Market Share by | Material Type |
| Glass | XX% |
| Metal | XX% |
| Concrete | XX% |
| Timber | XX% |
| Others | XX% |
Based on material type, the market is segmented into concrete, glass, metal, and timber, among others. Over the forecast period, metal is expected to grow at a CAGR of 12.9% during 2024-2032, driven by its durability and low maintenance. Meanwhile, other materials like timber and glass are expected to grow at a CAGR of 12.3% and 11.8%, respectively, attributed to the increasing construction of luxury and high-end buildings.
Leading Companies in the Philippines Prefabricated Buildings Market
HomeBase has emerged as a significant player in the construction of prefabricated housing solutions in the Philippines with a significant presence in cities like Rizal, Cavite, Quezon City, and other locations.
- iSteel Inc.
- SMARTHOUSE Corp.
- Bahay Makabayan
- CUBO Modular Inc.
- TOH Builders Inc.
- Revolution Pre-Crafted
- Indigo Prefab House
- Wallcrete Company Inc.
- Prefab Homes Philippines
- Mysolidtech (MYHOUSETECH)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Philippines Prefabricated Buildings Market Report Snapshots
Philippines Prefabricated Buildings Market Size
Philippines Prefabricated Buildings Market Growth
Philippines Prefabricated Buildings Market Share
Philippines Prefabricated Buildings Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Prefabricated Buildings Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Prefabricated Buildings Historical Market (2018-2023)
8.3 Asia Pacific Prefabricated Buildings Market Forecast (2024-2032)
9 Philippines Prefabricated Buildings Market Overview
9.1 Key Industry Highlights
9.2 Philippines Prefabricated Buildings Historical Market (2018-2023)
9.3 Philippines Prefabricated Buildings Market Forecast (2024-2032)
10 Philippines Prefabricated Buildings Market by Material Type
10.1 Concrete
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Glass
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Metal
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Timber
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Philippines Prefabricated Buildings Market by Application
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Prefabricated Buildings
12.2.2 Buyer’s Prefabricated Buildings
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 iSteel Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certification
13.2.2 SMARTHOUSE Corp.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certification
13.2.3 Bahay Makabayan
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certification
13.2.4 CUBO Modular Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certification
13.2.5 TOH Builders Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certification
13.2.6 Revolution Pre-Crafted
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certification
13.2.7 Indigo Prefab House
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certification
13.2.8 Wallcrete Company Inc.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certification
13.2.9 Prefab Homes Philippines
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certification
13.2.10 Mysolidtech (MYHOUSETECH)
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certification
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Prefabricated Buildings Market: Key Industry Highlights, 2018 and 2032
2. Philippines Prefabricated Buildings Market: Key Industry Highlights, 2018 and 2032
3. Philippines Prefabricated Buildings Historical Market: Breakup by Material Type (USD Million), 2018-2023
4. Philippines Prefabricated Buildings Market Forecast: Breakup by Material Type (USD Million), 2024-2032
5. Philippines Prefabricated Buildings Historical Market: Breakup by Application (USD Million), 2018-2023
6. Philippines Prefabricated Buildings Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Philippines Prefabricated Buildings Market Structure
Key Questions Answered in the Report
The market reached nearly USD 1592.85 million in 2023.
The market is projected to grow at a CAGR of 11.3% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 4174.76 million in 2032.
The different material types used for creating prefabricated buildings are concrete, glass, metal, and timber, among others.
The different applications of prefabricated buildings include residential, commercial, and industrial.
The key market players are iSteel Inc., SMARTHOUSE Corp., Bahay Makabayan, CUBO Modular Inc., TOH Builders Inc., Revolution Pre-Crafted, Indigo Prefab House, Wallcrete Company Inc., Prefab Homes Philippines, and Mysolidtech (MYHOUSETECH), among others.
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