Philippines Prefabricated Buildings Market Report and Forecast 2025-2034

Philippines Prefabricated Buildings Market Size

The Philippines prefabricated buildings market reached around USD 1592.85 million in 2024. The market is projected to grow at a CAGR of 11.3% between 2025 and 2034 to reach nearly USD 4174.76 million by 2034.

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 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Material Type

• Concrete

• Glass

• Metal

• Timber

• Others

Market Breakup by Application

• Residential

• Commercial

• Industrial

Philippines Prefabricated Buildings Market Share

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 2025-2034, 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

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