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Report Overview

The United States prefabricated buildings market value is projected to grow at a CAGR of 6.1% between 2024 and 2032.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

United States 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 XX
Market Size 2032 USD Million XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.1%
CAGR 2024-2032 - Market by Region Far West 7.1%
CAGR 2024-2032 - Market by Region Rocky Mountain 6.6%
CAGR 2024-2032 - Market by Material Steel 6.7%
CAGR 2024-2032 - Market by Application Residential 6.9%
2023 Market Share by Region Plains 8.0%

United States Prefabricated Buildings Market Outlook

Urban population levels are increasing each day, which has created a need for quick construction methods. Prefabricated buildings provides a faster alternative to traditional construction process and help meet the demand for residential and commercial spaces. Also, prefabricated buildings are more cost-effective than conventional buildings, which is driving growth of the United States prefabricated buildings market. They can further reduce labour costs and total time of construction, making them appealing to developers, builders, and homeowners. As per industry reports, cost of a manufactured home translates to USD 57 per square foot, which is lower than the cost of USD 119 per square foot for site-built homes.

Moreover, rapid advancements in technologies used in prefabricated buildings are resulting in growth of overall construction industry in the US. Some of the examples include 3D printing, which produces building components using optimal quantity of materials; Building Information Modelling (BIM), which provides detailed digital representations; and robotic automation, which reduces labour costs and speeds up production. These technologies are being adopted across various industries of the US, resulting in increased United States prefabricated buildings market revenue.

Far West Region Dominates the United States Prefabricated Buildings Market Share Due to Rising Construction Activities in California

  • In the market from 2024 to 2032, the Far West region is expected to lead with the highest CAGR of 7.1%, driven by significant investments in infrastructure development and urbanization, along with a strong demand for residential and commercial construction. 
  • The Rocky Mountain region follows with a CAGR of 6.6%, supported by increasing construction activities in both residential and commercial sectors. 
  • The Southwest, with a CAGR of 6.3%, benefits from expanding urban areas and a focus on modernizing infrastructure. 
  • The Southeast, growing at a CAGR of 6.0%, shows steady prefabricated buildings demand in United States due to favorable economic conditions and increasing population, driving demand for new housing and commercial spaces. 
  • New England and the Mideast regions exhibit moderate growth with CAGRs of 5.7% and 5.2%, respectively, reflecting their established but slower-growing construction markets.
  • The Plains and Great Lakes regions, with CAGRs of 4.9% and 4.6%, respectively, experience slower growth due to smaller market sizes and limited expansion in construction activities.
CAGR 2024-2032 - Market by Region
Far West 7.1%
Rocky Mountain 6.6%
Southwest 6.3%
New England XX%
Mideast XX%
Plains XX%
Southeast XX%
Great Lakes XX%

Extensive Use of Steel, Concrete, and Wood Materials in Building is Propelling United States Prefabricated Buildings Market Growth

  • In the market from 2024 to 2032, steel is anticipated to experience the highest growth, with a CAGR of 6.7%, driven by its extensive use in construction due to its strength, durability, and adaptability in various building designs. 
  • Concrete follows closely with a CAGR of 6.5%, reflecting its critical role in providing structural integrity and its widespread application in both residential and commercial projects. 
  • As per United States prefabricated buildings industry analysis, wood, with a CAGR of 5.9%, continues to see demand, particularly in residential construction, where its sustainability and aesthetic appeal are valued.
  • The 'others' category, with a CAGR of 5.5%, includes various additional materials that contribute to overall market growth at a slower pace.

Expansion of Residential and Retail Sector is One of the Key United States Prefabricated Buildings Market Trends

  • In the market from 2024 to 2032, the residential sector is expected to lead with the highest CAGR of 6.7%, driven by the increasing demand for housing and the ongoing development of residential infrastructure in urban and suburban areas. 
  • The commercial sector follows closely with a CAGR of 6.5%, supported by the growth of retail spaces, office buildings, and mixed-use developments. 
  • The industrial sector, with a CAGR of 5.9%, shows steady prefabricated buildings demand growth in United States as manufacturing facilities and warehouses are expanding, particularly in response to the growth of e-commerce and logistics. 
  • The institutional sector, with a CAGR of 5.5%, experiences moderate growth due to investments in public infrastructure, including schools, hospitals, and government buildings.

Key Questions Answered in the Report:

  • How has the United States prefabricated buildings market performed historically, and what are the growth expectations for the future? 
  • What are the primary factors influencing demand and growth in the United States prefabricated buildings market? 
  • What are the key segments within the United States prefabricated buildings market, and how are they expected to evolve over the forecast period? 
  • What are the major challenges and opportunities facing stakeholders in the United States prefabricated buildings market? 
  • Who are the key players in the United States prefabricated buildings market, and what strategies are they employing to maintain a competitive edge? 
  • What are the regulatory and policy factors influencing the United States prefabricated buildings market globally or regionally? 
  • How competitive is the United States prefabricated buildings market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 
  • What are the current trends shaping the United States prefabricated buildings market landscape, and how are they expected to evolve in the future? 
  • How are technological advancements impacting the United States prefabricated buildings market, and what role do innovation and R&D play in driving growth? 
  • What are the consumer preferences and buying behavior trends influencing the United States prefabricated buildings market? 
  • How sustainable are current growth rates in the United States prefabricated buildings market, and what factors could potentially disrupt these trends? 
  • What are the regional dynamics within the United States prefabricated buildings market, and how do they contribute to overall market growth? 
  • What are the economic factors influencing the United States prefabricated buildings market, such as GDP growth, inflation rates, and currency fluctuations? 
  • How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States prefabricated buildings market? 
  • What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States prefabricated buildings market? 
  • What are the regulatory and legal frameworks impacting the United States prefabricated buildings market globally or in key regions? 
  • How are changing consumer lifestyles and preferences influencing product or service demand within the United States prefabricated buildings market? 
  • What are the emerging market trends and niche opportunities within the United States prefabricated buildings market that stakeholders should be aware of? 
  • How resilient is the United States prefabricated buildings market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 
  • What are the potential barriers to market entry and growth for new players in the United States prefabricated buildings market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States prefabricated buildings market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States prefabricated buildings market. 

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States prefabricated buildings market. 

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares. 

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States prefabricated buildings market landscape.

*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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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
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
  • Application
  • Region
Breakup by Material
  • Steel
  • Concrete
  • Wood
  • Others
Breakup by Application
  • Residential
  • Commercial
  • Industrial
  • Institutional
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
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
  • Plant Prefab
  • Blu Homes
  • Morton Buildings
  • Skyline Champion Corporation
  • The High Construction Company
  • Others

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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