Learn about the global single-family modular and prefabricated housing construction market through The Business Research Company, which provides information on single-family modular and prefabricated housing construction market size, single-family modular and prefabricated housing construction market drivers and restraints, single-family modular and prefabricated housing construction market players, the COVID-19 impact on the single-family modular and prefabricated housing construction market, and more.

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The global single-family modular and prefabricated housing construction market is expected to grow from $40.74 billion in 2021 to $42.64 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth in the single-family modular and prefabricated housing construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The single-family modular and prefabricated housing construction market is expected to reach $51.23 billion in 2026 at a CAGR of 4.7%.

The significant focus on cost savings is expected to drive innovation in single-family modular and prefabricated housing construction manufacturing, thus driving the market during the forecast period.

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The single-family modular and prefabricated housing construction market consists of sales of single-family modular and prefabricated houses and related services that are used in residential, commercial, and industrial sectors. Modular construction is a method in which, through managed plant circumstances, a building is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. All modular buildings are prefabricated, but all prefabricated buildings might or might not be modular.

Global Single-Family Modular And Prefabricated Housing Construction Market Segments Include:

By Type: Permanent, Re-Locatable

By Material: Steel, Wood, Concrete, Others

By Application: Residential, Commercial, Industrial

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the single-family modular and prefabricated housing construction market in 2021.

Implementation of building information modelling (BIM) in modular construction is an emerging trend in the single-family modular and prefabricated housing construction market. Building information modelling is a revolutionary technique for designing, building, and managing construction models. This 3D model-based technology provides a digital representation of a building’s physical and functional qualities. The technology enables all parties engaged in the built asset’s creation and lifespan management to share data and collaborate. During the pre-construction phase, BIM provides specialists with a 3D picture of the structure. It allows specialists to detect potential incompatibilities in mechanical, electrical, and plumbing (MEP) systems and address them at an early stage.

TBRC’s single-family modular and prefabricated housing construction market report covers:

Major Market Players: Red Sea Housing Services, Skanska AB, Bouygues Construction, ACS Actividades de Construcción y Servicios SA, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty Plc., Taisei Corporation, System House R & C Co. Ltd., Larsen & Toubro Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Single-Family Modular And Prefabricated Housing Construction Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides single-family modular and prefabricated housing construction market overviews, analyses and forecasts market size, share, single-family modular and prefabricated housing construction market players, single-family modular and prefabricated housing construction market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s single-family modular and prefabricated housing construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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