Market Size of Spain Prefabricated Buildings Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.20 Billion |
| Market Size (2029) | USD 6.70 Billion |
| CAGR (2024 - 2029) | 5.28 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Spain Prefabricated Buildings Market Analysis
The Spain Prefabricated Buildings Industry is expected to grow from USD 5.20 billion in 2024 to USD 6.70 billion by 2029, at a CAGR of 5.28% during the forecast period (2024-2029).
Due to the ongoing housing crisis, the government intends to invest in addressing the affordable housing crisis during the forecast period. In its 20,000 Housing Plan, the Ministry of Transport, Mobility, and Urban Agenda aim to increase the supply of public housing for rent.
- Currently, public housing stock accounts for only 2.5% of total housing in Spain, with approximately 642,500 floors. Under this plan, the government intends to increase this to 8% by 2030. To accomplish this, the Ministry has contributed about USD 62 million, which, combined with the contributions of the Autonomous Communities and City Councils, totals USD 370 million.
- With the housing crisis kicking in, the government plans to invest huge funds to overcome the affordable housing crisis during the forecast period. The Ministry of Transport, Mobility, and Urban Agenda, in its 20,000 housing plan, aim to increase the public housing stock for affordable rent.
- Improvements in consumer and investor confidence will boost industrial output. The administration's efforts to improve local connectivity through advancing transportation framework and affordable residential construction market will support sector growth during the forecast period. The prefabricated sector in Spain is expected to expand during the forecast period, owing to the government's emphasis on infrastructure. The modular and prefabricated construction industries are expected to grow further in the coming years, aided by increased road and rail infrastructure.
- Regardless of the building, the price of a prefabricated house in Spain depends on the quality and finish. One of the advantages of industrialized construction is a shorter construction period. Traditional building methods are entirely different. With prefabricated buildings, by standardizing the processes and manufacturing the parts in a controlled environment construction period becomes shorter, with the consequent savings in indirect costs.
