Market Size of Europe Prefabricated Buildings Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 57.87 Billion |
| Market Size (2029) | USD 75.29 Billion |
| CAGR (2024 - 2029) | 5.41 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Prefabricated Buildings Market Analysis
The Europe Prefabricated Buildings Market size is estimated at USD 57.87 billion in 2024, and is expected to reach USD 75.29 billion by 2029, growing at a CAGR of 5.41% during the forecast period (2024-2029).
The outbreak of the COVID-19 pandemic has led to severe uncertainty for vendors and contractors in the construction industry across Europe. Several construction companies shut down their projects due to lockdowns and restrictions. However, due to immediate requirements for hospitals and quarantine sectors, the demand for prefabricated materials witnessed an increase. Since a high workforce is required for traditional construction, opting for prefabricated buildings became an optimum solution during the pandemic.
The market is expanding as the demand for higher-quality, environment-friendly homes rise across the continent, with the United Kingdom and Germany accounting for the highest proportions. The adoption of additive manufacturing in Europe is expected to significantly boost the prefabricated construction sector. Companies embrace environment-friendly products and production practices to differentiate themselves from the competition. The introduction of energy-absorbing materials such as micro dwellings has resulted from focusing on energy efficiency.
Prefabricated housing demand is rising as the building technique's advantages are increasingly being leveraged by new home buyers in an improving economic and demographically charged marketplace. By the end of 2022, an estimated 70,100 units are anticipated to be sold across six Northern European countries, with the German demand representing a sizeable level, particularly for turnkey solutions.
