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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

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 Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million 1,592.85
Market Size 2034 USD Million 4,174.76
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 11.3%
CAGR 2025-2034 - Market by Material Type Metal 12.9%
CAGR 2025-2034 - 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 Market

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:

CAGR 2025-2034 - 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 2025-2034 - 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 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

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material Type
  • Application
Breakup by Material Type
  • Concrete
  • Glass
  • Metal
  • Timber
  • Others
Breakup by Application
  • Residential
  • Commercial
  • Industrial
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

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.*

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Key Questions Answered in the Report

The market reached nearly USD 1592.85 million in 2024.

The market is projected to grow at a CAGR of 11.3% between 2025 and 2034.

The market is assessed to witness healthy growth in the forecast period to reach around USD 4174.76 million in 2034.

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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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124