Market Size of Vietnam Prefabricated Buildings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.89 Billion |
| Market Size (2029) | USD 5.95 Billion |
| CAGR (2024 - 2029) | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vietnam Prefabricated Buildings Market Analysis
The Vietnam Prefabricated Buildings Market size is estimated at USD 4.89 billion in 2024, and is expected to reach USD 5.95 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).
The increased demand for prefabricated housing in the region, including manufactured housing, modular housing, precut housing, and panelized housing, is driven by a constant increase in the demand for housing units across the country.
Vietnam's urban population was 37.3% in 2020. Over the last 50 years, Vietnam's urban population increased significantly from 18.4% to 37.3%, rising at an annual rate of 2.34% and declining to 1.94% in 2020. Vietnam's six main cities are estimated to grow significantly by 2030. Over the next decade, the population of Ho Chi Minh City is expected to reach 11.1 million, growing by over 4 million. The population of Hanoi, the country's capital and second-largest city, is expected to reach 6.4 million, rising by 2.7 million.
Housing is a critical component of Vietnam's urbanization. In 2019, 27% of the urban population lived in substandard housing. By 2049, there will be 13.9 million more urban families, escalating the situation.
