Prefabricated Buildings Market: Growth Drivers and Challenges
Growth Drivers
- It reduces the time of construction by 20-30%.
- The method is cost effective as on-site construction requires less labour.
- It produces lower amount of waste products.
Challenges
- The process of prefabrication possess variety of risks which includes damaged delivery of goods, untimely delivery and expensive transportation.
- Occurrence of disconnection between manufacturer and architect by making parts off-site instead of in-site.
Prefabricated Buildings Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.9% |
|
Base Year Market Size (2024) |
USD 161.78 billion |
|
Forecast Year Market Size (2037) |
USD 385.15 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of prefabricated buildings is evaluated at USD 171.27 billion.
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.
North America industry is poised to hold largest revenue share by 2037, as companies in the region are shifting to fabricated construction to complete the project faster.
The major players in the market are Forcepoint, Akamai Technologies, Centrify, Symantec, Palo Alto Networks, Cisco Systems, Sophos Group, Microsoft, Fortinet, IBM, Check Point Software Technologies, Cyxtera Technologies, Okta, Trend Micro Incorporated, and Cloudflare.
