Market Size of United States Prefabricated Buildings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 40.91 Billion |
| Market Size (2029) | USD 54.59 Billion |
| CAGR (2024 - 2029) | 5.94 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
