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North America Prefabricated Buildings Market Size, Growth: By Component: Beam and Column System, Floor and Roof System, Bearing Wall System, Façade System; By Material: Concrete, Glass, Metal, Timber, Others; By Application: Residential, Commercial; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
North America Prefabricated Buildings Market Outlook
The North America prefabricated buildings market size reached USD 20.93 billion in 2023. The market is expected to grow at a CAGR of 5.9% between 2024 and 2032, reaching almost USD 34.84 billion by 2032.
Key Takeaways
- According to the Associated General Contractor of America, construction significantly bolsters the U.S. economy, with 8.0 million employed, generating nearly $2.1 trillion annually.
- According to the U.S. Census Bureau, construction spending in the USA rose to $1,978.7 billion in 2023, surpassing the previous year's $1,848.7 billion.
- According to Statistics Canada, the non-residential sector saw a 0.6% increase to $49.8 billion in 2023, marking the second consecutive annual rise.
The North America prefabricated buildings market growth can be attributed to precision manufacturing, which ensures flawless component fitting. This enhances structural integrity and stability by reducing weaknesses, resulting in a sturdy building structure.
Beam and column systems in prefabricated buildings provide structural stability, rapid assembly, uniform quality, cost-effectiveness, design adaptability, convenient transport, and eco-friendliness, rendering them effective and dependable options.
Prefabricated floor and roof systems ensure swift setup, heightened safety, energy conservation, longevity, tailored design, sound insulation, and fire resilience, offering a versatile and dependable answer to contemporary construction demands.
The construction sector significantly boosts the U.S. economy. It employs 8.0 million workers and generates close to $2.1 trillion in construction projects annually.
Based on country, the North America prefabricated buildings market share is led by the United States, driven by its robust construction sector, which stands as one of the largest consumers of manufacturing, mining, and various services
In 2023, construction expenditure in the USA surged to $1,978.7 billion, exceeding the previous year's $1,848.7 billion, as per the U.S. Census Bureau.
Statistics Canada reports a 0.6% rise in the non-residential sector, reaching $49.8 billion in 2023, marking the second consecutive yearly increase. This escalation in construction activity is propelling the expansion of the North America prefabricated buildings market growth.
Market Segmentation
North America Prefabricated Buildings Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Beam and Column System
- Floor and Roof System
- Bearing Wall System
- Façade System
Market Breakup by Material
- Concrete
- Glass
- Metal
- Timber
- Others
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Country
- United States of America
- Canada
The North America prefabricated building market key players are focusing on entering into strategic collaborations while simultaneously improving their product portfolio.
The key market players are Satellite Shelters, Inc., Black Diamond Group Limited, Nucor Buildings Group, JL Construction, Inc., Morgan Buildings, Plant Prefab, Inc., Connect Homes, and Abtech, Inc. among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 Component |
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| Breakup by Material |
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| Breakup by Application |
|
| 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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Prefabricated Buildings Market Overview
8.1 Key Industry Highlights
8.2 Global Prefabricated Buildings Historical Market (2018-2023)
8.3 Global Prefabricated Buildings Market Forecast (2024-2032)
8.4 Global Prefabricated Buildings Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Prefabricated Buildings Market Overview
9.1 Key Industry Highlights
9.2 North America Prefabricated Buildings Historical Market (2018-2023)
9.3 North America Prefabricated Buildings Market Forecast (2024-2032)
10 North America Prefabricated Buildings Market by Component
10.1 Beam and Column System
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Floor and Roof System
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Bearing Wall System
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Façade System
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 North America Prefabricated Buildings Market by Material
11.1 Concrete
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Glass
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Metal
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Timber
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Prefabricated Buildings Market by Application
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Prefabricated Buildings Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Satellite Shelters, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Black Diamond Group Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nucor Buildings Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 JL Construction, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Morgan Buildings
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Plant Prefab, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Connect Homes
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Abtech, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Prefabricated Buildings Market: Key Industry Highlights, 2018 and 2032
2. North America Prefabricated Buildings Market: Key Industry Highlights, 2018 and 2032
3. North America Prefabricated Buildings Historical Market: Breakup by Component (USD Million), 2018-2023
4. North America Prefabricated Buildings Market Forecast: Breakup by Component (USD Million), 2024-2032
5. North America Prefabricated Buildings Historical Market: Breakup by Material (USD Million), 2018-2023
6. North America Prefabricated Buildings Market Forecast: Breakup by Material (USD Million), 2024-2032
7. North America Prefabricated Buildings Historical Market: Breakup by Application (USD Million), 2018-2023
8. North America Prefabricated Buildings Market Forecast: Breakup by Application (USD Million), 2024-2032
9. North America Prefabricated Buildings Historical Market: Breakup by Country (USD Million), 2018-2023
10. North America Prefabricated Buildings Market Forecast: Breakup by Country (USD Million), 2024-2032
11. North America Prefabricated Buildings Market Structure
Key Questions Answered in the Report
The market was estimated to be valued at USD 20.93 billion in 2023.
The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 34.84 billion in 2032.
The prefabricated buildings market is categorised according to its components, which include beam and column systems, floor, and roof systems, bearing wall systems and façade systems.
The key players are Satellite Shelters, Inc., Black Diamond Group Limited, Nucor Buildings Group, JL Construction, Inc., Morgan Buildings, Plant Prefab, Inc., Connect Homes, and Abtech, Inc. among others.
Based on the material, the prefabricated buildings market is divided into concrete, glass, metal, timber, and others.
Based on the application, the prefabricated buildings market is divided into residential and commercial.
The market is broken down into the United States of America and Canada.
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