US Prefabricated Buildings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 40.91 Billion |
| Market Size (2029) | USD 54.59 Billion |
| CAGR (2024 - 2029) | 5.94 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Prefabricated Buildings Market Analysis
The United States Prefabricated Buildings Market size is estimated at USD 40.91 billion in 2024, and is expected to reach USD 54.59 billion by 2029, growing at a CAGR of 5.94% during the forecast period (2024-2029).
The building sector in the United States is heavily reliant on supplies of steel, copper, aluminum, stone, and fixtures from other countries, many of which come from China.
Manufactured housing is a large segment with high demand in the US prefabrication construction market. The prefabrication market in the country is also witnessing demand for prefabricated housing types, including panelized and pre-cut. The drive to make housing more affordable, especially in high-demand areas like the San Francisco Bay area, encourages developers to move toward prefabrication solutions.
The prefabrication of multifamily buildings is still in its infancy in the United States. Most of the prefabricated multifamily buildings consist of wood-framed units that evolved from the products made by the manufacturers of single-family, mobile, and modular homes. Until recently, few steel modular experiments were undertaken. A Seattle company, Blokable, built its first steel units at its factory in Vancouver, Washington, for a 24-unit project in Edmunds, Washington.
The preference toward manufactured home solutions in the United States has been witnessing continuous growth, as this serves as the cost-effective alternative to conventional construction methods. This increasing preference is increasing the demand for manufactured homes, resulting in an increase in price in the country and modular housing.
US Prefabricated Buildings Market Trends
The Trend of BIM in the Prefab Sector
Precision planning and effective material management are crucial for prefabrication and modular construction. BIM speeds these procedures by providing precise quantity takeoffs, material schedules, and procurement data. Project teams can use BIM models to optimize material utilization, cut waste, and enhance inventory management. BIM also improves supply chain management by facilitating real-time cooperation and communication between suppliers, manufacturers, and contractors.
According to an industry report on the advantages of BIM in prefab and modular construction, in the prefab industry, around 22% of the companies not using BIM claim that they experience schedule performance improvement, whereas the companies that use BIM in more than half of their projects, a significant 61% claim improvement in the performance. Along similar lines, with modular construction, only 21% of non-BIM users cite cost-performance improvement, whereas 46% of the BIM users report cost-performance improvement. The three main benefits of using BIM are an increase in project quality, a decrease in construction costs, and progress in the project schedule performance. BIM use is increasingly common in commercial and institutional projects in the United States.
The construction business is always changing and looking for new ways to increase productivity, cut costs, and finish projects on schedule. Building information modeling (BIM) integration in prefabrication and modular construction is one such development. Enhancing coordination, streamlining workflows, and maximizing the advantages of off-site construction techniques are all possible with BIM.
Growth in Residential & Non-Residential Sector to Boost the Prefab Share in the Market
Modular construction technology has been gaining more attention in the US building industry over the last few years. With rising housing costs, cities are beginning to invest in modular and prefab construction to deliver multifamily residential developments. This number has seen a rise in the past few years continuously owing to the demand for housing.
Based on planned construction development over the next few years, non-residential construction in place is expected to reach 590.4 billion US dollars in 2023 in the United States. which includes segments like lodging, office, commercial, health care, and education. Non-residential construction will continue to improve if government spending continues to improve, allowing communities to contribute more resources to infrastructure.
The commercial building has experienced a comfortable growth in the non-residential building industry over recent years. However, the construction industry faces challenges such as a shortage of skilled labor and rising material costs due to global trade wars. The modernization of a generally conservative industry will be important in the near future to support customer demands as well as to improve operation models.
Integrating sustainable building processes and features in projects, as well as establishing technological advancements like building information modeling (BIM), will be essential for the future of the construction industry. The value of the new residential construction that is put in place in the US is projected to be around USD 600 billion by the year 2025.
With the increase in concern over carbon emissions, the green building concept is on the rise, and prefab modular construction is expected to see a lot of growth during the forecast period.
US Prefabricated Buildings Industry Overview
The report covers the major players operating in the USA's prefabricated buildings industry. The market is highly competitive, with no major players. The market is fragmented, and it is expected to grow during the forecast period due to the increase in prefab construction building investments and upcoming major projects in the country. Major players in the market include Skyline Champion Corporation, Plant Prefab, Z Module, etc.
Prefabricated building systems and construction hold high potential to improve the efficiency and performance of the USA construction industry in a more sustainable sense. Venture Capital funding and experts from aerospace, semiconductor, and automotive manufacturing industries are entering the construction sector. With the market just opening up among the building industry generating trust, with investments in the technology -R&D, the market is open to ample opportunities and can witness strong growth in the coming years.
US Prefabricated Buildings Market Leaders
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Morton Buildings, Inc.
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The High Construction Company
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Skyline Champion Corporation
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Affinity Building Systems
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Plant Prefab
*Disclaimer: Major Players sorted in no particular order
US Prefabricated Buildings Market News
- May 2023: Morton Buildings has expanded its business in a new 67,429-square-foot manufacturing plant in Pocatello Regional Airport Business Park. The facility in Pocatello is Morton’s eighth manufacturing plant. It will stock the business’s construction projects in Idaho, Montana, Washington, Wyoming, Colorado, Utah, and other surrounding areas so that current and future building needs are met.
- May 2023: WillScot Mobile Mini announced the acquisitions of US-based Hallwood Modular Buildings and Canada-based BRT Structures. The purchases will enable it to expand its specialty modular fleet and ensure it is a clear leader in blast-resistant module fleet across North America.
United States Prefabricated Buildings Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definitions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Technological Trends
- 4.3 Insights on Supply Chain/Value Chain Analysis of the Prefabricated Buildings Industry
- 4.4 Brief on Different Structures Used in the Prefabricated Buildings Industry
- 4.5 Cost Structure Analysis of the Prefabricated Buildings Industry
- 4.6 Impact of COVID 19
5. MARKET DYNAMICS
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5.1 Drivers
- 5.1.1 Increasing demand for prefab buildings
- 5.1.2 Surge in demand from residential segment
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5.2 Restraints
- 5.2.1 Lack of knowledge about modular building
- 5.2.2 Unreliability of modular building in earthquake-prone areas
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5.3 Opportunitites
- 5.3.1 New commitment to modernising healthcare infrastructure
- 5.3.2 Increased compliance with laws and regulations
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5.4 Industry Attractiveness - Porter's Five Forces Analysis
- 5.4.1 Bargaining Power of Suppliers
- 5.4.2 Bargaining Power of Consumers / Buyers
- 5.4.3 Threat of New Entrants
- 5.4.4 Threat of Substitute Products
- 5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
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6.1 Material Type
- 6.1.1 Concrete
- 6.1.2 Glass
- 6.1.3 Metal
- 6.1.4 Timber
- 6.1.5 Other Material Types
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6.2 Application
- 6.2.1 Residential
- 6.2.2 Commercial
- 6.2.3 Other Applications ( Industrial, Institutional, and Infrastructure)
7. COMPETITIVE LANDSCAPE
- 7.1 Overview (Market Concentration and Major Players)
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7.2 Company Profiles
- 7.2.1 Skyline Champion Corporation
- 7.2.2 Morton Buildings Inc.
- 7.2.3 The High Construction Company
- 7.2.4 American Buildings Company
- 7.2.5 Z Modular
- 7.2.6 Affinity Building Systems
- 7.2.7 Varco Pruden
- 7.2.8 Westchester Modular Homes Inc.
- 7.2.9 SG Modular
- 7.2.10 Plant Prefab
- 7.2.11 Homette Corporation *
- *List Not Exhaustive
8. FUTURE OF THE MARKET
9. APPENDIX
- 9.1 Marcroeconomic Indicators (GDP breakdown by sector, Contribution of construction to economy, etc.)
- 9.2 Key Production , Consumption,Exports & import statistics of construction Materials
US Prefabricated Buildings Industry Segmentation
The US prefabricated buildings market covers the growing trends and projects in prefab building markets, like commercial construction, residential construction, and industrial construction. The report also covers the industry along with the type of material used, like concrete, timber, glass, metal, and others. Along with the report's scope, it also analyses the key players and the competitive landscape in the US prefabricated buildings market. The impact of COVID-19 has also been incorporated and considered during the study.
The United States prefabricated buildings industry is segmented by material type (concrete, glass, metal, timber, and other material types) and application (residential, commercial, and other applications (infrastructure and industrial)). The report offers the market size of prefabricated buildings in the United States and forecasts in value (USD) for all the above segments.
| Material Type | Concrete |
| Glass | |
| Metal | |
| Timber | |
| Other Material Types | |
| Application | Residential |
| Commercial | |
| Other Applications ( Industrial, Institutional, and Infrastructure) |
United States Prefabricated Buildings Market Research Faqs
How big is the United States Prefabricated Buildings Market?
The United States Prefabricated Buildings Market size is expected to reach USD 40.91 billion in 2024 and grow at a CAGR of 5.94% to reach USD 54.59 billion by 2029.
What is the current United States Prefabricated Buildings Market size?
In 2024, the United States Prefabricated Buildings Market size is expected to reach USD 40.91 billion.
Who are the key players in United States Prefabricated Buildings Market?
Morton Buildings, Inc., The High Construction Company, Skyline Champion Corporation, Affinity Building Systems and Plant Prefab are the major companies operating in the United States Prefabricated Buildings Market.
What years does this United States Prefabricated Buildings Market cover, and what was the market size in 2023?
In 2023, the United States Prefabricated Buildings Market size was estimated at USD 38.62 billion. The report covers the United States Prefabricated Buildings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Prefabricated Buildings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Prefabricated Buildings Industry Report
Statistics for the 2024 United States Prefabricated Buildings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Prefabricated Buildings analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
