According to a new market report published by Lucintel, the future of the prefabricated housing market looks attractive with opportunities in residential and commercial end use. The prefabricated housing market is expected to reach $19.3 billion by 2024 with a CAGR of 4.6% from 2019 to 2024. The major drivers for this market are increasing construction activities, and eco-friendly practice.

Browse 93 market data tables and 131 figures spread through 215 pages and in-depth TOC on “Prefabricated Housing Market"

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In this market, different types of prefabricated housing such as manufactured homes, modular homes, panelized homes, precut homes are used as home. Lucintel forecasts that manufactured home is the largest prefabricated housing and it is also expected to witness the highest growth over the forecast period as manufactured homes can be easily relocated without dismantling it and it is placed on a steel chassis with wheels attached to it.

Within the prefabricated housing market, residential end use will remain the largest end use segment over the forecast period. As people generally build their own houses to live in it for indefinite time’s residential end use will remain the largest segment.

North America will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period because prefabrication promotes sustainability and reduces waste, which are a must according to Green Building Standards and Certification Systems in North American countries.

Emerging trends, which have a direct impact on the dynamics of the prefabricated housing industry, include increase usage of cigratte butt bricks in the prefabricated housing industry, and increase usage of fly-ash in concrete in prefabricated housing. Algeco Scotsman, Kirby Building Systems LLC, Skyline Corporation, Lindal Cedar Homes, Butler Manufacturing Company, and others are among the major prefabricated housing manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the prefabricated housing market by home type, construction type, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Prefabricated Housing Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the prefabricated housing market by home type, construction type, end use industry, and region as follows:

By Home Type [$M shipment analysis from 2013 to 2024]:

ManufacturedModularPanelizedPrecut
By Construction Industry [$M shipment analysis from 2013 to 2024]:

Single Section HomesMulti- Section Homes
By End Use [$M shipment analysis from 2013 to 2024]:

Residential End UseCommercial End Use
By Region [$M shipment analysis for 2013 to 2024]:

North AmericaUnited StatesCanadaMexicoEuropeUnited KingdomGermanyAsia PacificJapanChinaThe Rest of the World
This 215-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/prefabricated-housing-market.aspx or [email protected].

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