Market Size of Germany Prefabricated Buildings Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 13.26 Billion |
| Market Size (2029) | USD 16.78 Billion |
| CAGR (2024 - 2029) | 4.82 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Prefabricated Buildings Market Analysis
The Germany Prefabricated Buildings Industry is expected to grow from USD 13.26 billion in 2024 to USD 16.78 billion by 2029, at a CAGR of 4.82% during the forecast period (2024-2029).
The rise in the overall construction industry and as well as increasing prices are contributing to the increase in turnover of the prefab industry in Germany.
The revenue generated by the prefabricated buildings industry has seen a constant spur during the review period. In 2016, the revenue generated has amounted to USD 11.3 billion whereas, in 2019, the revenue generated was USD 12.5 billion.
In the Hesse region of the country, a total of 6796 buildings were completed in 2018, out of which 1640 included prefabricated homes. Nationwide, 5,564 prefabricated houses were approved in the first quarter of 2020, 12.8% more than in the same period last year. The overall market grew by just 2.1 percent to 24,108 newly approved one and two-family houses. As a result, the prefabricated house industry expanded its market share to 23.1 percent in the first three months of the year.
The prefabricated building industry in Germany is booming, with high growth in the residential sector. Along with the general boom in residential construction in the country, the share of prefabricated housing solutions in residential construction is increasing, which stands at more than 20%. Additionally, the high demand for turnkey or prefabricated houses as well as energy-efficient buildings is contributing to rise in prices as well as to the growth of the market.
In the German prefab housing market, single-family homes account for high share while the two-family homes and multi-storey residential units are also witnessing significant growth. In Germany, there is a higher acceptance of homes assembled in a factory, and therefore, the share of prefab homes in Germany is higher when compared to other countries such as US.
In the next few years, the growth of the prefab housing market in the country is expected to outpace the growth of the overall housing market.
