Summary

Report Description

According to ConsTrack360's, prefabricated construction industry in United States is expected to grow by 8.8% to reach USD 146,700 million in 2024.

The medium to long-term growth story in United States remains intact. The prefabricated construction industry in United States is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 8.4% during 2024-2028. The prefabricated construction output in the country is expected to reach USD 202,726.5 million by 2028.

The prefabricated construction industry is poised to record strong growth over the medium term in the United States. To tap into the high-growth sector, global firms are entering into strategic partnerships to build and distribute factory-built homes. ABJA Ohana LLC, for instance, entered into a strategic alliance with TLC Modular Construction LLC, the Vietnam-based factory-built housing provider, in December 2023.

Global firms, like MMY Global, are also investing millions of dollars to set up their manufacturing facilities in the North American market. This is part of their strategy to tap into the high-growth industry over the medium term. Domestic firms, on the other hand, are announcing grants to support modular housing development in the United States. Overall, ConsTrack360 maintains a positive growth outlook for the industry over the next three to four years.

Global firms are collaborating to build and distribute factory-built homes in the United States

The prefabricated construction market is poised for accelerated growth over the medium term. To tap into the high-growth industry, global firms are entering into strategic partnerships to develop and distribute their modular homes across the 50 states.
- ABJA Ohana LLC, in December 2023, entered into a strategic alliance with TLC Modular Construction LLC, the Vietnam-based factory-built housing provider. Under the alliance, ABJA Ohana LLC has secured an exclusive distribution agreement. The two firms have partnered to develop, market, and distribute premium quality homes and apartment buildings in the United States. The two firms, notably, will operate as TLC Modular USA Inc.

The firm has announced that it has received more than US$24 million in orders for 2024. These orders include a 58-unit apartment building in Honolulu, Hawaii, 169 single-family homes in Riverside, California, and 121 units in Desert Hot Springs, California. The entry of global firms into the domestic market is, therefore, expected to drive the competitive landscape in the fast-growing industry over the medium term.

Prefabricated construction firms are announcing grants to support modular housing development

Mighty Buildings, a modular construction firm based in the United States, has partnered with Lawrence Berkeley National Laboratory and Habitat for Humanity to announce a US$5 million grant aimed at developing sustainable and affordable housing in the San Francisco Bay Area.
- The grant, known as GFO-22-305, comes from the California Energy Commission. This grant will fund the development, testing, and demonstration of zero-carbon or near-zero-carbon, cost-effective, modular homes. This project will involve building three prefabricated low-carbon townhouses in Bay Point, California, to benefit low-income families through Habitat for Humanity.
- Mighty Buildings will use its 3D printing technology, which includes its proprietary stone-like LUMUS material, robotics, and automation, to construct the homes at their Oakland factory. The homes will then be assembled on-site. These prefabricated units are expected to be built much faster than traditional methods, potentially allowing for the construction of 20% - 30% more housing units.
- The project aims to explore several possibilities, including advanced off-site 3D printing techniques and new energy-efficient panels, which are expected to achieve the highest level of off-site completion in the industry so far. It will also introduce a new energy and manufacturing cost model developed by Lawrence Berkeley National Laboratory (LBNL). This model could be used for future projects involving prefabricated, modular, and panelized construction solutions.

Mighty Buildings targets to develop complete carbon-neutral houses by 2028. The firm, in September 2023, completed a US$52 million funding round led by Wa'ed Ventures, bringing its total funding to US$150 million since its inception in 2017.

Global firms are setting up manufacturing facilities to tap into the growing United States market

With the market poised for accelerated growth over the next five years, United Kingdom-based prefabricated construction firms are planning to expand their manufacturing capabilities in the United States. As a result, firms are investing millions of dollars into the development of new facilities.
- MMY Global, based in the United Kingdom, announced that the firm is investing US$6.1 million to set up a manufacturing facility in West Louisville, in the United States in February 2024. This is the first manufacturing unit for the UK-based firm in the United States.

The firm, notably, has received a grant of US$500,000 from the Louisville Metro Government to open the facility on Beech Street. With the new manufacturing facility, the firm will be able to produce up to 500 units per year, having an opportunity to grow this to 1,000 units annually. The production, at the Louisville facility is expected to commence later in 2024.

This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in United States. This is a databook offering, which primarily provides data-centric analysis with charts and tables.

- End Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the prefabricated industry in United States.

- Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction in United States.

- Prefabricated Materials: Provides demand analysis across 7 key materials such as aluminum, wood, iron & steel, concrete, glass, and other.

- Prefabricated Products: Provides demand analysis of market by 7 key products such as building superstructure, roof construction, floor construction, interior room modules, exterior walls, columns & beams, and other.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

Scope

This report provides a detailed data-centric analysis of the prefabricated construction industry, covering market opportunity, and industry dynamics by prefabricated materials, methods, and products across various construction sectors. In addition, it provides market size and forecast of the prefabricated industry covering end markets along with demand analysis in United States. With over 100 KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

United States by Building Construction Sector

- Residential
- Single-Family
- Multi Family

- Commercial
- Office
- Retail
- Hospitality
- Other

- Institutional

- Industrial

United States by Prefabrication Methods

- Panelised construction
- Modular (Volumetric) construction
- Hybrid (Semi-volumetric) construction
United States by Prefabricated Material
- Aluminium
- Wood
- Iron & Steel
- Concrete
- Glass
- Other

United States by Prefabricated Product

- Building Superstructure
- Roof Construction
- Floor Construction
- Interior Room Modules
- Exterior Walls
- Columns & Beams
- Other

United States by Prefabricated Material X Product

- Aluminium (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Wood (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Iron & Steel (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Concrete (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Glass (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Other (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)

United States by Prefabrication Product X Construction Sector

- Residential (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Commercial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Industrial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Institutional (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)

Reasons to buy

- In-depth Understanding of Prefabricated / Precast Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 50+ market segments.

- Deeper Segmentation of Prefabricated Product Analysis: Market size and forecast by prefabricated products, materials, product X materials, and product X construction sectors.

- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in prefabricated / precast construction industry in United States.

- Comparable Data: Get detailed and comparable data for the prefabricated / precast market size. ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

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Table of Contents

1. About this Report
1.1. Research Methodology
1.2. Definitions
1.3. Disclaimer

2. United States Prefabricated Construction Industry Market Size and Forecast, 2019 - 2028

3. United States Prefabricated Building Construction Market Dynamics by Prefabrication Methods
3.1. United States Market Share Trend Analysis by Type of Prefabricated Construction, 2019 - 2028
3.2. Panelised Prefabricated Construction Market Size and Forecast, 2019 - 2028
3.3. Modular (Volumetric) Prefabricated Construction Market Size and Forecast, 2019 - 2028
3.4. Hybrid Prefabricated Construction Market Size and Forecast, 2019 - 2028

4. United States Prefabricated Product Demand Analysis and Outlook
4.1. United States Market Share Trend Analysis by Prefabricated Product, 2019 - 2028
4.2. Prefabricated Building Superstructure Market Size and Forecast, 2019 - 2028
4.3. Prefabricated Roof Market Size and Forecast, 2019 - 2028
4.4. Prefabricated Floor Market Size and Forecast, 2019 - 2028
4.5. Prefabricated Interior Room Modules Market Size and Forecast, 2019 - 2028
4.6. Prefabricated Exterior Walls Market Size and Forecast, 2019 - 2028
4.7. Prefabricated Columns & Beams Market Size and Forecast, 2019 - 2028
4.8. Other Prefabricated Products Market Size and Forecast, 2019 - 2028

5. United States Prefabricated Material Demand Analysis and Outlook
5.1. United States Market Share Trend Analysis by Prefabricated Material, 2019 - 2028
5.2. Iron & Steel in Prefabricated Building Construction Market Size and Forecast, 2019 - 2028
5.3. Concrete in Prefabricated Building Construction Market Size and Forecast, 2019 - 2028
5.4. Wood in Prefabricated Building Construction Market Size and Forecast, 2019 - 2028
5.5. Aluminium in Prefabricated Building Construction Market Size and Forecast, 2019 - 2028
5.6. Glass in Prefabricated Building Construction Market Size and Forecast, 2019 - 2028
5.7. Other Material in Prefabricated Building Construction Market Size and Forecast, 2019 - 2028

6. United States Prefabricated Market Dynamics and Outlook by Construction Sector
6.1. United States Market Share Trend Analysis by Construction Sector, 2019 - 2028
6.2. Residential Prefabricated Construction Market Size and Forecast, 2019 - 2028
6.3. Commercial Prefabricated Construction Market Size and Forecast, 2019 - 2028
6.4. Industrial Prefabricated Construction Market Size and Forecast, 2019 - 2028
6.5. Institutional Prefabricated Construction Market Size and Forecast, 2019 - 2028

7. United States Residential Prefabricated Construction Market Dynamics and Outlook
7.1. United States Market Share Trend Analysis by Residential Construction Sector, 2019 - 2028
7.2. Single-Family Prefabricated Construction Market Size and Forecast, 2019 - 2028
7.3. Multi-Family Prefabricated Construction Market Size and Forecast, 2019 - 2028

8. United States Commercial Prefabricated Construction Market Dynamics and Outlook
8.1. United States Market Share Trend Analysis by Commercial Construction Sector, 2019 - 2028
8.2. Office Prefabricated Construction Market Size and Forecast, 2019 - 2028
8.3. Retail Prefabricated Construction Market Size and Forecast, 2019 - 2028
8.4. Hospitality Prefabricated Construction Market Size and Forecast, 2019 - 2028
8.5. Other Commercial Prefabricated Construction Market Size and Forecast, 2019 - 2028

9. United States Residential Construction Demand Analysis and Outlook by Prefabricated Products
9.1. Residential Construction Market Share Analysis by Prefabricated Products, 2019 - 2028
9.2. Building Superstructure Demand in Residential Construction Market Size and Forecast, 2019 - 2028
9.3. Roof Demand in Residential Construction Market Size and Forecast, 2019 - 2028
9.4. Floor Demand in Residential Construction Market Size and Forecast, 2019 - 2028
9.5. Interior Room Modules Demand in Residential Construction Market Size and Forecast, 2019 - 2028
9.6. Exterior Walls Demand in Residential Construction Market Size and Forecast, 2019 - 2028
9.7. Columns & Beams Demand in Residential Construction Market Size and Forecast, 2019 - 2028

10. United States Commercial Construction Demand Analysis and Outlook by Prefabricated Products
10.1. Commercial Construction Market Share Analysis by Prefabricated Products, 2019 - 2028
10.2. Building Superstructure Demand in Commercial Construction Market Size and Forecast, 2019 - 2028
10.3. Roof Demand in Commercial Construction Market Size and Forecast, 2019 - 2028
10.4. Floor Demand in Commercial Construction Market Size and Forecast, 2019 - 2028
10.5. Interior Room Modules Demand in Commercial Construction Market Size and Forecast, 2019 - 2028
10.6. Exterior Walls Demand in Commercial Construction Market Size and Forecast, 2019 - 2028
10.7. Columns & Beams Demand in Commercial Construction Market Size and Forecast, 2019 - 2028

11. United States Industrial Construction Demand Analysis and Outlook by Prefabricated Products
11.1. Industrial Construction Market Share Analysis by Prefabricated Products, 2019 - 2028
11.2. Building Superstructure Demand in Industrial Construction Market Size and Forecast, 2019 - 2028
11.3. Roof Demand in Industrial Construction Market Size and Forecast, 2019 - 2028
11.4. Floor Demand in Industrial Construction Market Size and Forecast, 2019 - 2028
11.5. Interior Room Modules Demand in Industrial Construction Market Size and Forecast, 2019 - 2028
11.6. Exterior Walls Demand in Industrial Construction Market Size and Forecast, 2019 - 2028
11.7. Columns & Beams Demand in Industrial Construction Market Size and Forecast, 2019 - 2028

12. United States Institutional Construction Demand Analysis and Outlook by Prefabricated Products
12.1. Institutional Construction Market Share Analysis by Prefabricated Products, 2019 - 2028
12.2. Building Superstructure Demand in Institutional Construction Market Size and Forecast, 2019 - 2028
12.3. Roof Demand in Institutional Construction Market Size and Forecast, 2019 - 2028
12.4. Floor Demand in Institutional Construction Market Size and Forecast, 2019 - 2028
12.5. Interior Room Modules Demand in Institutional Construction Market Size and Forecast, 2019 - 2028
12.6. Exterior Walls Demand in Institutional Construction Market Size and Forecast, 2019 - 2028
12.7. Columns & Beams Demand in Institutional Construction Market Size and Forecast, 2019 - 2028

13. United States Prefabricated Building Superstructure Demand Analysis by Material
13.1. Building Superstructure Demand Market Share Analysis by Prefabricated Material, 2019 - 2028
13.2. Building Superstructure Demand by Iron & Steel Market Size and Forecast, 2019 - 2028
13.3. Building Superstructure Demand by Concrete Market Size and Forecast, 2019 - 2028
13.4. Building Superstructure Demand by Wood Market Size and Forecast, 2019 - 2028
13.5. Building Superstructure Demand by Aluminium Market Size and Forecast, 2019 - 2028
13.6. Building Superstructure Demand by Other Materials Market Size and Forecast, 2019 - 2028

14. United States Prefabricated Roof Demand Analysis by Material
14.1. Roof Demand Market Share Analysis by Prefabricated Material, 2019 - 2028
14.2. Roof Demand by Iron & Steel Market Size and Forecast, 2019 - 2028
14.3. Roof Demand by Concrete Market Size and Forecast, 2019 - 2028
14.4. Roof Demand by Wood Market Size and Forecast, 2019 - 2028
14.5. Roof Demand by Aluminium Market Size and Forecast, 2019 - 2028
14.6. Roof Demand by Glass Market Size and Forecast, 2019 - 2028
14.7. Roof Demand by Other Materials Market Size and Forecast, 2019 - 2028

15. United States Prefabricated Floor Demand Analysis by Material
15.1. Floor Demand Market Share Analysis by Prefabricated Material, 2019 - 2028
15.2. Floor Demand by Iron & Steel Market Size and Forecast, 2019 - 2028
15.3. Floor Demand by Concrete Market Size and Forecast, 2019 - 2028
15.4. Floor Demand by Glass Market Size and Forecast, 2019 - 2028

16. United States Prefabricated Interior Room Modules Demand Analysis by Material
16.1. Interior Room Modules Demand Market Share Analysis by Prefabricated Material, 2019 - 2028
16.2. Interior Room Modules Demand by Iron & Steel Market Size and Forecast, 2019 - 2028
16.3. Interior Room Modules Demand by Concrete Market Size and Forecast, 2019 - 2028
16.4. Interior Room Modules Demand by Wood Market Size and Forecast, 2019 - 2028
16.5. Interior Room Modules Demand by Aluminium Market Size and Forecast, 2019 - 2028
16.6. Interior Room Modules Demand by Glass Market Size and Forecast, 2019 - 2028
16.7. Interior Room Modules Demand by Other Materials Market Size and Forecast, 2019 - 2028

17. United States Prefabricated Exterior Walls Demand Analysis by Material
17.1. Exterior Walls Demand Market Share Analysis by Prefabricated Material, 2019 - 2028
17.2. Exterior Walls Demand by Iron & Steel Market Size and Forecast, 2019 - 2028
17.3. Exterior Walls Demand by Concrete Market Size and Forecast, 2019 - 2028
17.4. Exterior Walls Demand by Wood Market Size and Forecast, 2019 - 2028
17.5. Exterior Walls Demand by Aluminium Market Size and Forecast, 2019 - 2028
17.6. Exterior Walls Demand by Glass Market Size and Forecast, 2019 - 2028
17.7. Exterior Walls Demand by Other Materials Market Size and Forecast, 2019 - 2028

18. United States Prefabricated Columns and Beams Demand Analysis by Material
18.1. Columns and Beams Demand Market Share Analysis by Prefabricated Material, 2019 - 2028
18.2. Columns and Beams Demand by Iron & Steel Market Size and Forecast, 2019 - 2028
18.3. Columns and Beams Demand by Concrete Market Size and Forecast, 2019 - 2028
18.4. Columns and Beams Demand by Wood Market Size and Forecast, 2019 - 2028
18.5. Columns and Beams Demand by Aluminium Market Size and Forecast, 2019 - 2028

19. Further Reading
19.1. About ConsTrack360
19.2. Related Research
19.3. ConsTrack360 Knowledge Center

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List of Tables/Graphs