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NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America Prefabricated Construction Market by Material (Steel, Concrete, Wood, Other Materials) Market by System (Cellular System, Panel System, Skeleton System, Combined System, Other Systems) Market by Application (Residential Prefabricated Construction, Non-residential Prefabricated Construction) by Geography


MARKET OVERVIEW

The North America prefabricated construction market is predicted to register a CAGR of 8.54% during the forecast period, 2023-2032, and is expected to reach a revenue of $56.76 billion by 2032.

The United States and Canada are assessed for the North America prefabricated construction market growth evaluation. The United States prefabricated construction market entails pre-cut, panelized, and modular houses. Residential construction is estimated to project modest growth in the country due to low inventories. This, in turn, offers growth opportunities for the analyzed market in the United States.

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At the same time, the non-residential construction is estimated to showcase continuous improvement, majorly supplemented by the $305 billion FAST (Fixing America’s Surface Transportation) Act. This is further evaluated to render housing more affordable in high-demand areas like San Francisco Bay, encouraging developers to adopt prefabrication solutions. Such factors propel the market growth in the United States.

The North America prefabricated construction market segmentation includes material, system, and application. The material segment includes wood, concrete, steel, and other materials.

Steel is a frequently-used material in prefabricated structures due to its demonstrated longevity and strength. Steelwork typically comprises beams and columns welded or bolted together. It is used to create the skeleton system or skeleton frame of a building. Also, steel framing is often associated with on-site design when I-beams and steel columns are erected into a straight framework that binds the structure. 

In addition, steel frames are used in mid- to high-rise lightweight and prefabricated structures, given their recyclable capacity, ease of transportation, and low weight. At the same time, employing steel has its own restraints. These include higher energy intensity over the course of its life, acoustic properties, bridging, and thermal conductivity. 

Concrete is the second-most utilized material in off-site building construction. Gravel, sand, water, cement, and a few additional components are mixed together to create concrete. The concrete industry, thus, encompasses several industries. For instance, the additive, cement, and aggregates industries provide precast concrete materials. Particularly, cement’s availability plays an influential role in the market growth of prefabricated structures since it is the primary component in concrete manufacturing. Moreover, concrete structures are commonly used for on-site construction projects where reinforced and inclined concrete is employed. 

The two often-used and well-known prefabricated construction types are concrete blocks and precast concrete. Precast concrete is produced in a factory using concrete and other materials. It is further used to construct large prefabricated structures. Moreover, concrete can act as a thermal barrier that facilitates heat eviction, thereby raising the overall building framework’s energy efficiency. 

Whereas wood-based systems include floor constructions, walls, columns, and engineered joints developed and put together. The three types of engineered wood products include laminated veneer lumber (LVL), glued laminated lumber (GLULAM), and cross-laminated timber (CLT). 

LVL is a dried 3mm thick softwood glued together. GLULAM is a structural composite wood product manufactured with layers. Whereas CLT panels are considered composite and structural wood, comprised of boards of dried and pressed wood glued together with every other layer at a 90-degree angle to the last. 

Furthermore, timber and lumber are the most popular wood material types in prefabricated construction. Timber frames are considered an optimal choice for situations that demand lesser time for creating a structural shell. Whereas lumber is recommended if the terrain is extremely unfavorable. 

Some of the prominent companies in the North America prefabricated construction market are Skyline Champion Corporation, Ritz-Craft Corporation, Cornerstone Building Brands, etc.

Cornerstone Building Brands offers building solutions for the commercial and residential markets. It is a result of the merger of NCI Building Systems and Ply Gem Building Products. NCI is a major producer of prefabricated metal buildings, wall components, and metal roofs. Whereas Ply Gem is majorly active in the residential market. The company is headquartered in Cary, North Carolina, the United States. 

One of its key product segments, shutters & accents, provides easy, quick-to-install, and maintenance-free shutters. 

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Billion)
Segments Analyzed
Application, System, Material
Countries AnalyzedThe United States, Canada
Companies AnalyzedALHO Systembau GmbH, ASTRON, Berkeley Group (Berkeley Modular), Bouygues Bâtiment International, Ceramic Houses, Cornerstone Building Brands, Kirby Building Systems, Modern Prefab Systems, Moelven, Ritz-Craft Corporation, Segezha Group, Sekisui, Skanska Group, Skyline Champion Corporation, VitaHus

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. PREFABRICATED MATERIALS ENABLE ENERGY EFFICIENCY AND SUSTAINABLE CONSTRUCTION
      2. ISSUES RELATED TO ZONING AND LAND AGREEMENTS COULD RESTRAIN MARKET GROWTH
      3. DEVELOPING COUNTRIES SET TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING DEMAND FOR HIGH-END & CUSTOMIZED SOLUTIONS
      2. HIGH PROFITABILITY
      3. MASS TOWNSHIP PROJECTS ARE INVESTING IN PREFABRICATED TECHNOLOGY
      4. EMERGENCE OF MODERN TECHNOLOGY AND ADVANCED SOLUTIONS
      5. GROWING DEMAND FOR BRANDED DESIGNERS
    2. KEY RESTRAINTS
      1. LACK OF AWARENESS
      2. HIGH INITIAL INVESTMENTS
      3. DIFFICULTIES IN SUPPLY CHAIN INTEGRATION
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
    7. COST STRUCTURE ANALYSIS
  5. MARKET BY MATERIAL
    1. STEEL
    2. CONCRETE
    3. WOOD
    4. OTHER MATERIALS
  6. MARKET BY SYSTEM
    1. CELLULAR SYSTEM
    2. PANEL SYSTEM
    3. SKELETON SYSTEM
    4. COMBINED SYSTEM
    5. OTHER SYSTEMS
  7. MARKET BY APPLICATION
    1. RESIDENTIAL PREFABRICATED CONSTRUCTION
    2. NON-RESIDENTIAL PREFABRICATED CONSTRUCTION
      1. COMMERCIAL
      2. EDUCATION
      3. GOVERNMENT
      4. HOSPITALITY
      5. OTHER NON-RESIDENTIAL PREFABRICATED CONSTRUCTION
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET DRIVERS
      3. NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES PREFABRICATED CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA PREFABRICATED CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES
      3. PARTNERSHIPS
      4. BUSINESS DIVESTITURES
    2. COMPANY PROFILES
      1. ALHO SYSTEMBAU GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      2. ASTRON
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      3. BERKELEY GROUP (BERKELEY MODULAR)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      4. BOUYGUES BÂTIMENT INTERNATIONAL
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      5. CERAMIC HOUSES
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      6. CORNERSTONE BUILDING BRANDS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      7. KIRBY BUILDING SYSTEMS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      8. MODERN PREFAB SYSTEMS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      9. MOELVEN
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      10. RITZ-CRAFT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      11. SEGEZHA GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      12. SEKISUI
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      13. SKANSKA GROUP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      14. SKYLINE CHAMPION CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
      15. VITAHUS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – PREFABRICATED CONSTRUCTION

TABLE 2: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY MATERIAL, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 4: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY SYSTEM, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY SYSTEM, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 6: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 8: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY NON-RESIDENTIAL PREFABRICATED CONSTRUCTION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 9: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY NON-RESIDENTIAL PREFABRICATED CONSTRUCTION, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 10: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 11: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 12: KEY PLAYERS OPERATING IN NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET

TABLE 13: LIST OF MERGERS & ACQUISITIONS

TABLE 14: LIST OF PRODUCT LAUNCHES

TABLE 15: LIST OF PARTNERSHIPS

TABLE 16: LIST OF BUSINESS DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2022

FIGURE 8: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY STEEL, 2023-2032 (IN $ BILLION)

FIGURE 9: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY CONCRETE, 2023-2032 (IN $ BILLION)

FIGURE 10: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY WOOD, 2023-2032 (IN $ BILLION)

FIGURE 11: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY OTHER MATERIALS, 2023-2032 (IN $ BILLION)

FIGURE 12: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, GROWTH POTENTIAL, BY SYSTEM, IN 2022

FIGURE 13: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY CELLULAR SYSTEM, 2023-2032 (IN $ BILLION)

FIGURE 14: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY PANEL SYSTEM, 2023-2032 (IN $ BILLION)

FIGURE 15: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY SKELETON SYSTEM, 2023-2032 (IN $ BILLION)

FIGURE 16: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY COMBINED SYSTEM, 2023-2032 (IN $ BILLION)

FIGURE 17: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY OTHER SYSTEMS, 2023-2032 (IN $ BILLION)

FIGURE 18: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 19: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY RESIDENTIAL PREFABRICATED CONSTRUCTION, 2023-2032 (IN $ BILLION)

FIGURE 20: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY NON-RESIDENTIAL PREFABRICATED CONSTRUCTION, 2023-2032 (IN $ BILLION)

FIGURE 21: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, GROWTH POTENTIAL, BY NON-RESIDENTIAL PREFABRICATED CONSTRUCTION, IN 2022

FIGURE 22: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY COMMERCIAL, 2023-2032 (IN $ BILLION)

FIGURE 23: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY EDUCATION, 2023-2032 (IN $ BILLION)

FIGURE 24: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY GOVERNMENT, 2023-2032 (IN $ BILLION)

FIGURE 25: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY HOSPITALITY, 2023-2032 (IN $ BILLION)

FIGURE 26: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, BY OTHER NON-RESIDENTIAL PREFABRICATED CONSTRUCTION, 2023-2032 (IN $ BILLION)

FIGURE 27: NORTH AMERICA PREFABRICATED CONSTRUCTION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 28: UNITED STATES PREFABRICATED CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 29: CANADA PREFABRICATED CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

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