Prefabricated Building System Market Trends, Industry | 2031

Segments - Prefabricated Building System Market by Dimensions (Skeleton Systems, Panel Systems, Cellular Systems, and Combined Systems), Applications (Residential and Non-residential [Infrastructures, Commercials, and Industrial/Institutional]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Rucha Phatak

Report Description

Prefabricated Building System Market Outlook 2031:

The prefabricated building system market size was valued at USD 10.23 Billion in 2022 and is projected to reach USD 17.43 Billion by 2031, expanding at a CAGR of 6.1% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing number of customers’ demand for factory-made building.

A prefabricated building system refers to building that is manufactured and constructed by using prefabrication method. It has factory-made units or blocks, transported to the construction site and assembled to form a complete building.

Prefabricated Building System Market Outlook

For instance, Boxpark, a Dubai-based building., was built by shipping containers that were assembled to form stores, offices, gym, and restaurants, and many concrete precast structures for Expo 2020 activities.

The advantages of prefabricated building system include flexibility for transportation and easy formation, whereas the disadvantage is limited to size of the site. Increasing number of architects are following the way of prefabrication building system to set up the residential and non-residential within time-span.

Prefabricated Building System Market Trends, Drivers, Restraints, and Opportunities

Rapid industrialization and commercialization is expected to propel the growth of market.
Flexible transportation of prefabricated building system is anticipated to drive the market growth.
Rising trend of constructing eco-friendly building can fuel the market growth in the projected timeline.
Region with high earthquake zone can hinder the market growth.
Rapid trend of the customized building can create challenges for the market growth during the forecast period.
Technological advancements in construction industry can create lucrative opportunities for the market growth.

Scope of the Prefabricated Building System Market Report

The report on the prefabricated building system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Prefabricated Building System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Dimensions (Skeleton Systems, Panel Systems, Cellular Systems, and Combined Systems), by Applications (Residential and Non-Residential [Infrastructures, Commercials, and Industrial/Institutional])
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Algeco Scotsman; Skyline Champion Corporation; Lindal Cedar Homes; Kirby Building Systems LLC; and Astron Buildings

Prefabricated Building System Market Segment Insights

Combine system segment is expected to grow at a rapid pace

Based on dimensions, the prefabricated building system market is divided into skeleton system, panel system, cellular system, and combined system. The combined segment is expected to grow at a rapid pace during the forecast period due to increasing purchasing power of customers.

However, the skeleton system is anticipated to hold a key share of the market in the coming years. This is due to the rapid construction of bridges and architectural structures for tourists. For instance, Howrah Bridge in India and Eiffel Tower in Paris are based on skeleton structure, fostering the growth of market segment.

Prefabricated Building System Market Dimensions

Non-residential segment is projected to expand at a considerable CAGR

On the basis of applications, the market is segregated into residential and non-residential. The non-residential segment is further divided into infrastructure, commercial, and industrial/institutional. The non-residential segment is projected to expand at a considerable CAGR during the forecast period as the commercialization leads to low-cost and confers flexibility during the construction activity.

On the other hand, the residential segment is projected to account for a major market share during the forecast period owing to growing customers preference for customization building, encouraging companies to enter the market.

Prefabricated Building System Market Application

North America is anticipated to constitute a key market share

In terms of regions, the prefabricated building system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to constitute a major key share of the market during the projected period owing to rising number of architectural companies constructing building in residential and non-residential sectors.

However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the increasing construction of smartest metropolis in countries such as India and China.

Prefabricated Building System Market Region

Segments

The prefabricated building system market has been segmented on the basis of

Dimensions

Skeleton Systems
Panel Systems
Cellular Systems
Combined Systems

Applicationss

Residential
Non-residential
- Infrastructures
- Commercials
- Industrial/Institutional

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Algeco Scotsman
Skyline Champion Corporation
Lindal Cedar Homes
Kirby Building Systems LLC
Astron Buildings

Competitive Landscape

Key players competing in the prefabricated building system market are Algeco Scotsman; Skyline Champion Corporation; Lindal Cedar Homes; Kirby Building Systems LLC; and Astron Buildings.

In March 2021, Skyline Champion Corporation, an independent housing company in the US, completed the acquisition of ScotBilt Homes.

Prefabricated Building System Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Prefabricated Building System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Prefabricated Building System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Prefabricated Building System Market - Supply Chain
  4.5. Global Prefabricated Building System Market Forecast
     4.5.1. Prefabricated Building System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Prefabricated Building System Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Prefabricated Building System Market Absolute $ Opportunity
5. Global Prefabricated Building System Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Prefabricated Building System Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Prefabricated Building System Demand Share Forecast, 2019-2026
6. North America Prefabricated Building System Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Prefabricated Building System Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Prefabricated Building System Demand Share Forecast, 2019-2026
7. Latin America Prefabricated Building System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Prefabricated Building System Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Prefabricated Building System Demand Share Forecast, 2019-2026
8. Europe Prefabricated Building System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Prefabricated Building System Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Prefabricated Building System Demand Share Forecast, 2019-2026
9. Asia Pacific Prefabricated Building System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Prefabricated Building System Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Prefabricated Building System Demand Share Forecast, 2019-2026
10. Middle East & Africa Prefabricated Building System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Prefabricated Building System Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Prefabricated Building System Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Prefabricated Building System Market: Market Share Analysis
  11.2. Prefabricated Building System Distributors and Customers
  11.3. Prefabricated Building System Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Algeco Scotsman
     11.4.2. Skyline Champion Corporation
     11.4.3. Lindal Cedar Homes
     11.4.4. Kirby Building Systems LLC
     11.4.5. Astron Buildings