Prefab Wood Building Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Prefab Wood Building Market Analysis
The size of Prefab Wood Building Market is USD 33.6 billion in the current year and is anticipated to register a CAGR of over 5.5% during the forecast period.
- Prefabricated wooden buildings are among the quickest and easiest to construct, and architects in India are increasingly exploring post and beam, glued-laminated timbers. As a carbon-neutral building material, wood offers several advantages to its users as well as the environment.
- With increasing technology and cutting-edge engineering, it is feasible to express every unique aesthetic experiment, allowing big structures to be built in wood, such as 16-story buildings, curved forms, Olympic-size roof spans, and earthquake-sensitive structures. Canadian Wood is sourced from sustainably managed forests in British Columbia (B.C.) and is one of the most dependable providers of wooden items in the Indian market. Spruce-Pine-Fir (SPF), Douglas-fir, Western Hemlock, Western Red Cedar, and Yellow Cedar are all excellent choices for making any idea a reality.
- Aside from increased demand for prefabricated conventional homes, log homes were a big and rising component of the business. In the late 1990s, log homes accounted for about 7% of all bespoke homes built in the United States; exports of prefabricated log homes also surged. Log dwellings, like modular homes, grew increasingly affluent. Because they consume more wood than typical constructed housing 10 to 20% more the wood preferred for their construction is becoming increasingly scarce.
- Engineered joists, columns, and wall and floor components made of wood provide improved strength while remaining lightweight. These wood-based goods are lighter, which simplifies transportation and increases recyclability, which is projected to increase demand for prefab wooden houses. To accommodate demand, some manufacturers have turned to alternative woods, notably abundant pine. Furthermore, government programs such as "Housing for All" and "One Belt, One Road" are thriving in the residential and commercial building sectors, which is expected to play a significant role in boosting the prefabricated building systems market throughout the projected period.
Prefab Wood Building Market Trends
This section covers the major market trends shaping the Prefab Wood Building Market according to our research experts:
The Adoption of Environmentally Friendly Materials have a Favorable Impact on the Market
To lower the carbon footprint of buildings, architects are increasingly adopting wood as an alternative to concrete, steel, and glass. New wood technologies enable developers to construct structures taller than the usual single-family home using shorter, less costly pieces of lumber. Aside from the physical advantages of structural strength and flexibility, cost savings, and speed of building, wood offers emotional advantages that steel and glass do not: wood evokes warm sentiments of home, whereas steel and glass evoke a contemporary, colder mood. The potential for new wood technologies is practically limitless, and many companies are exploring novel wood uses on a regular basis.
Wood is often less expensive than steel or concrete, and it may be acquired locally, boosting local economic activity and job creation. The wood building is speedier, especially when prefabricated components are employed, and it saves money on construction costs. Construction speed and cost reductions are especially advantageous following natural catastrophes. Furthermore, the cost of wood has risen dramatically as more people around the country repair or build new houses in the aftermath of a pandemic-year building crisis, resulting in a timber scarcity that adds more than USD 35,000 to the cost of a new single-family home.
The APAC Prefabricated Wood Building Sector is predicted to expand rapidly
Rapid urbanization in developing countries such as China and India, various policy changes announced by the Indian government, strong industrialization, rising urbanization, a higher standard of living, increased FDI in construction, decreased construction waste, the establishment of SEZs, supportive government initiatives, rapidly rising demand from the residential sector in Japan, China, and India, and rising international investment in infrastructure development.
The Asia Pacific region's economic progress is being fueled by factors such as easy access to raw resources and labor, as well as innovative technology and inventions. As of 2021, China and Japan, the two economic powerhouses of the Asia Pacific region, are the world's second and third biggest economies.
Mitsubishi Estate Group has established a goal in the Mitsubishi Estate Group 2030 Goals for SDGs to promote sustainable timber usage under the core issue of the Environment and is encouraging the use of Japan-grown timber and certified timber. For many years, the Mitsubishi Estate Group has actively pushed the use of Japanese-grown lumber in construction projects, including the active use of small-diameter trees and forest thinning timber in 24 wooden-frame houses. In recent years, the Group has also focused on increasing the usage of cross laminated timber (CLT).
Prefab Wood Building Industry Overview
The market for prefabricated wood buildings is fragmented, with several local and foreign firms. The competition among these players is intense. Customers want constant improvements and updates in construction, therefore the fast-changing technical environment is predicted to harm providers. To maintain a strong industry presence, companies are changing and refining their distinctive value offering.
Market concentration is prevalent in developed countries such as the United States and Western Europe. At the same time, the sector is still in its infancy in developing countries such as China and India. Large corporations benefit from economies of scale in purchasing and marketing. Small businesses might compete by focusing on local markets or specializing in specialty items.
Some of the major players are Skyline Champion, American Homestar, Southland Log Homes, Fertighaus Weiss, American Modular Systems, Honkarakenne, and Matsushima Rinko.
Prefab Wood Building Market Leaders
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Skyline Champion
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American Homestar
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Southland Log Homes
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Fertighaus Weiss
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American Modular Systems
*Disclaimer: Major Players sorted in no particular order
Prefab Wood Building Market News
- January 2023 - Cavco Industries, Inc. confirms the completion of the acquisition of Solitaire, Inc. and other affiliated enterprises (collectively "Solitaire Homes") on January 3, 2023. Solitaire Homes, headquartered in Duncan, Oklahoma, maintains four production sites, twenty-two retail locations, and specialized transportation operations. Before some revisions, the acquisition price was USD 93 million.
- July 2022 - Champion Retail Housing, a subsidiary of Skyline Champion Corporation, has agreed to purchase the assets and operate the Factory Expo Home Centers situated at 12 Skyline Champion manufacturing plants across the United States from Alta Cima Corporation. In addition to collaborating to create a smooth experience for customers and workers, Alta Cima will continue to support Skyline Champion's home centers.
Prefab Wood Building Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain / Supply Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Force Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Government Regulations and Initiatives
- 4.7 Technological Trends
- 4.8 Brief on Different Structures Used in the Prefabricated Buildings Industry
- 4.9 Cost Structure Analysis of the Prefabricated Buildings Industry
- 4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Panel Systems
- 5.1.1 Cross-laminated timber (CLT) panels
- 5.1.2 Nail-laminated timber (NLT) panels
- 5.1.3 Dowel-laminated timber (DLT) panels
- 5.1.4 Glue-laminated timber (GLT) columns and beams
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5.2 By Application
- 5.2.1 Single Family Residential
- 5.2.2 Multi-family Residential
- 5.2.3 Office
- 5.2.4 Hospitality
- 5.2.5 Others
6. By Geography
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6.1 North America
- 6.1.1 United States
- 6.1.2 Canada
- 6.1.3 Mexico
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6.2 Europe
- 6.2.1 Germany
- 6.2.2 France
- 6.2.3 United Kingdom
- 6.2.4 Italy
- 6.2.5 Spain
- 6.2.6 Russia
- 6.2.7 Rest of Europe
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6.3 Asia-Pacific
- 6.3.1 China
- 6.3.2 Japan
- 6.3.3 India
- 6.3.4 Bangladesh
- 6.3.5 Turkey
- 6.3.6 South Korea
- 6.3.7 Australia
- 6.3.8 Indonesia
- 6.3.9 Rest of Asia-Pacific
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6.4 Middle East & Africa
- 6.4.1 Egypt
- 6.4.2 South Africa
- 6.4.3 Saudi Arabia
- 6.4.4 Rest of Middle East & Africa
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6.5 Latin America
- 6.5.1 Brazil
- 6.5.2 Argentina
- 6.5.3 Columbia
- 6.5.4 Rest of Latin America
7. COMPETITIVE LANDSCAPE
- 7.1 Market Concentration Overview
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7.2 Company Profiles
- 7.2.1 Skyline Champion Corporation
- 7.2.2 American Homestar
- 7.2.3 Southland Log Homes
- 7.2.4 Fertighaus Weiss
- 7.2.5 American Modular Systems
- 7.2.6 Palm Harbor Homes Inc
- 7.2.7 Lester Building Systems
- 7.2.8 Bouygues Construction
- 7.2.9 Fleetwood Australia
- 7.2.10 Clayton Homes, Inc.*
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. APPENDIX
- 9.1 Macroeconomic Indicators (GDP Distribution, by Activity)
- 9.2 External Trade Statistics - Exports and Imports, by Product
- 9.3 Insights into Key Export Destinations and Import Origin Countries
Prefab Wood Building Industry Segmentation
Prefabricated wood construction kits, similar to life-sized Legos, are constructed out of prefabricated components that are supplied and installed on-site. This is most commonly accomplished by the use of prefabricated panels that may create complete portions of a building, such as roofing components or structure (ceiling, decking, and beams), building structure (wall panels, beams, columns, and shear paneling), and even glazing packages.
The Global Prefab Wood Building Market is segmented By Panel Systems (Cross-laminated timber (CLT) panels, Nail-laminated timber (NLT) panels, Dowel-laminated timber (DLT) panels, and Glue-laminated timber (GLT) columns and beams), By Application (Single Family Residential, Multi-family Residential, Office, Hospitality, and Others). By Geography(North America, Latin America, Asia-Pacific, Middle East, and Africa, Europe and Rest of the World). The report offers market size and forecasts for the Prefab Wood Building Market in value (USD billion) for all the above segments..
Furthermore, this report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, its impact, porter's five forces analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market.
| By Panel Systems | Cross-laminated timber (CLT) panels |
| Nail-laminated timber (NLT) panels | |
| Dowel-laminated timber (DLT) panels | |
| Glue-laminated timber (GLT) columns and beams | |
| By Application | Single Family Residential |
| Multi-family Residential | |
| Office | |
| Hospitality | |
| Others |
Prefab Wood Building Market Research FAQs
What is the current Global Prefab Wood Building Market size?
The Global Prefab Wood Building Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Global Prefab Wood Building Market?
Skyline Champion, American Homestar, Southland Log Homes, Fertighaus Weiss and American Modular Systems are the major companies operating in the Global Prefab Wood Building Market.
Which is the fastest growing region in Global Prefab Wood Building Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Prefab Wood Building Market?
In 2024, the North America accounts for the largest market share in Global Prefab Wood Building Market.
What years does this Global Prefab Wood Building Market cover?
The report covers the Global Prefab Wood Building Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Prefab Wood Building Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Prefab Wood Building Industry Report
Statistics for the 2024 Global Prefab Wood Building market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Prefab Wood Building analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
