United States Prefabricated Buildings Market Size (2024 - 2029)

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 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.