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Base Year
Historical Year
Forecast Year
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% |
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 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
CAGR 2025-2034 - Market by | Application |
Commercial | 12.5% |
Residential | XX% |
Industrial | XX% |
Market Breakup by Application
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.
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.
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:
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Breakup by Material Type |
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Breakup by Application |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Philippines Prefabricated Buildings Market Size
Philippines Prefabricated Buildings Market Growth
*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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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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Australia
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India
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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