Modular Construction Market Size, Growth Trends

The Single-Family Modular and Prefabricated Housing Construction Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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Single-Family Modular and Prefabricated Housing Construction Market Report 2024 (thebusinessresearchcompany.com)

According to The Business Research Company’s Single-Family Modular and Prefabricated Housing Construction Global Market Report 2024, The single-family modular and prefabricated housing construction market size has grown steadily in recent years. It will grow from $47.17 billion in 2023 to $49.35 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%.  The  growth in the historic period can be attributed to cost efficiency, quality control, housing shortages, technological advances.

The single-family modular and prefabricated housing construction market size is expected to see steady growth in the next few years. It will grow to $59.51 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.  The growth in the forecast period can be attributed to sustainability and energy efficiency, customization and design flexibility, smart home integration, urbanization and compact living. Major trends in the forecast period include sustainability and green building, design and customization, technology integration, shortened construction timelines.

The significant focus on cost savings is a key factor driving the growth of the single-family modular and prefabricated housing construction market. Modular design can minimise project deadlines by as much as 50% and costs by 20%. They lead to increased productivity and lower employment expenses associated with purchasing units along a production line. According to a report on modular construction in Europe and the US, the modular market value in new real-estate construction is expected to reach $130 billion by 2030, delivering an annual cost saving of $20 billion. Therefore, the significant cost savings are expected to drive the single-family modular and prefabricated housing construction market growth.

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The single-family modular and prefabricated housing construction market covered in this report is segmented –

1) By Type: Permanent; Re-locatable

2) By Material: Steel; Wood; Concrete; Other Materials

3) By Application: Residential; Commercial; Industrial

The single-family modular and prefabricated housing construction market report table of contents includes:

 

1. Executive Summary
2. Single-Family Modular and Prefabricated Housing Construction Market Characteristics
3. Single-Family Modular and Prefabricated Housing Construction Market Trends And Strategies
4. Single-Family Modular and Prefabricated Housing Construction Market – Macro Economic Scenario
5. Global Single-Family Modular and Prefabricated Housing Construction Market Size and Growth

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31. Global Single-Family Modular and Prefabricated Housing Construction Market Competitive Benchmarking
32. Global Single-Family Modular and Prefabricated Housing Construction Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Single-Family Modular and Prefabricated Housing Construction Market
34. Single-Family Modular and Prefabricated Housing Construction Market Future Outlook and Potential Analysis
35. Appendix

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