Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Prefabricated Buildings Market size was over USD 161.78 billion in 2024 and is poised to exceed USD 385.15 billion by 2037, growing at over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of prefabricated buildings is evaluated at USD 171.27 billion.
Prefabricated construction is based on the strategy to make components off-site in a factory and then are transported and put together on-site to create a structure. Its extensive characteristics such as good quality, high strength, low weight, volume, affordability, and more are gaining higher popularity. In January 2019, India's construction sector had a contribution of over 2.7 trillion Indian rupees to the country's GDP. This was an all-time high contribution recorded through the sector. In 2019, railway sector in the nation received the highest ever budgetary allocation.
Though due to COVID-19 market has seen a dip due to temporary suspension in construction activities in various regions and shortage in the supply chain. But the prefabricated buildings market will recover soon.
