Lucintel’s latest market report analyzed that prefabricated housing provides attractive opportunities in the residential and commercial construction industries. The prefabricated housing market is expected to reach $22.9 billion by 2028 with a CAGR of 5.9%. In this market, manufactured home is the largest segment by home type, whereas residential housing is largest by end use. Usage of cigarette butt bricks to improve thermal properties of the prefabricated housing and usage of fly ash concrete to increase the strength of the building provides strategic growth path in this market.
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Based on home type, the prefabricated housing market is segmented into manufactured, modular, panelized, and precut homes. The manufactured homes segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increase in demand of easily relocatable houses without dismantling it.
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87 – Tables
97 – Figures
255 – Pages
The Prefabricated Housing Market is marked by the presence of several big and small players. Some of the prominent players offering prefabricated housing include Algeco Scotsman, Butler Manufacturing Company, Skyline Corporation, Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Red Sea Housing Services, and United Partition Systems Inc.
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