The Australia prefabricated building market size reached USD 4.96 Billion in 2024. The market is expected to grow at a CAGR of 6.84% between 2025 and 2034, reaching almost USD 9.61 Billion by 2034.
Base Year
Historical Period
Forecast Period
As per the Australian Bureau of Statistics, there was a 19.4% increase in the value of new residential buildings, reaching $7.14 billion. Additionally, the value of non-residential buildings rose by 12.4% to $4.92 billion in January 2024 compared to December 2023.
As stated by the Australia Forest Products Association, during the 2023 COP28 in Dubai, the Australian Government, along with 16 other nations, pledged to boost the utilisation of timber in construction by 2030.
As per the International Trade Administration, Australia's Building and Construction sector conducts more than $162 billion worth of building and construction activities annually, representing approximately 10% of the GDP.
Compound Annual Growth Rate
6.84%
Value in USD Billion
2025-2034
*this image is indicative*
Concrete drives the Australia prefabricated building market growth due to its ability to provide enduring strength, withstand various weather conditions, and resist wear and tear over time
Concrete in prefabricated constructions provides lasting strength, weather resilience, fire protection, sound insulation, thermal control, and flexible customization with various textures, finishes, and colours for improved design adaptability.
Timber in prefabricated structures presents sustainability through renewable materials, inviting warmth, inherent insulation for economical energy use, lightweight ease of transport, and adaptable design options with simple shaping and modification capabilities.
Modscape, a manufacturer of prefabricated homes, had boosted production by building a new factory in Essendon Fields, Melbourne. The project included the construction of a purpose-built 20,000 square meter manufacturing facility.
"Australia Prefabricated Building Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Market Breakup by Material Type
Market Breakup by Application
Market Breakup by Region
The Australia prefabricated building market key players are:
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The market is estimated to be valued at USD 4.96 Billion in 2024.
The market is projected to grow at a CAGR of 6.84% between 2025 and 2034.
The revenue generated from the market is expected to reach USD 9.61 Billion in 2034.
The prefabricated buildings market is categorised according to the material type, which includes concrete, timber, metal, glass, and others.
The key players are Ausco Modular Pty Limited, Fleetwood Corporation Limited, Archiblox Pty Ltd, SPANBILT PTY LTD, Landmark Products Pty Ltd., Dynamic Modular Constructions, prefabAUS, Prebuilt Pty Ltd, and Fabprefab among others.
Based on the prefabricated buildings application, the market is divided into commercial, residential and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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