Global Prefab Wood Building Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Prefab Wood Building Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Panel Systems (Cross-laminated timber (CLT) panels, Nail-laminated timber (NLT) panels, Dowel-laminated timber (DLT) panels, and Glue-laminated timber (GLT) columns and beams), Application (Single Family Residential, Multi-family Residential, Office, Hospitality, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Prefab Wood Building Market was valued at USD 37,717.7 million in 2023 and is expected to reach USD 59,664.0 million by 2031 while growing at a CAGR of 5.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global prefab wood building market growth. A prefab wood building, or prefabricated wood building, is constructed off-site in sections or components, transported to the construction site, and assembled. This method involves producing standardized components in a controlled factory environment, ensuring efficient and precise construction. Wood, chosen for its versatility, sustainability, and cost-effectiveness, is a common material in prefab construction. These buildings serve diverse purposes, including residential, commercial, and industrial applications.
The prefab wood building market is thriving due to the increasing awareness and concern for the environment, coupled with cost efficiency. Nevertheless, challenges such as logistical hurdles and regulatory obstacles could hinder the expansion of the market.
Furthermore, the global prefab wood building industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Panel Systems Analysis
The Global Prefab Wood Building Market is segmented among Cross-laminated timber (CLT) panels, Nail-laminated timber (NLT) panels, Dowel-laminated timber (DLT) panels, and Glue-laminated timber (GLT) columns and beams, based on Panel Systems. In 2023, Cross-laminated timber (CLT) panels accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Prefab Wood Building Market is segmented among Single Family Residential, Multi-family Residential, Office, Hospitality, and Others, based on Application. In 2023, Single Family Residential accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Prefab Wood Building Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Skyline Champion Corporation, American Homestar, Southland Log Homes, Fertighaus Weiss, American Modular Systems, Palm Harbor Homes Inc, Lester Building Systems, Bouygues Construction, Fleetwood Australia, and Clayton Homes, Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Prefab Wood Building Market Dynamics
Drivers
Restraints
Opportunity
4. Global Prefab Wood Building Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Prefab Wood Building Market Segmentation, By Panel Systems
Global Prefab Wood Building Market Share Analysis, By Panel Systems
Global Prefab Wood Building Market Growth Analysis, By Panel Systems
Global Prefab Wood Building Market Trends, By Panel Systems
o Cross-laminated timber (CLT) panels
o Nail-laminated timber (NLT) panels
o Dowel-laminated timber (DLT) panels
o Glue-laminated timber (GLT) columns and beams
6. Global Prefab Wood Building Market Segmentation, By Application
Global Prefab Wood Building Market Share Analysis, By Application
Global Prefab Wood Building Market Growth Analysis, By Application
Global Prefab Wood Building Market Trends, By Application
o Single Family Residential
o Multi-family Residential
o Office
o Hospitality
o Others
7. Global Prefab Wood Building Market Segmentation, By Region
Global Prefab Wood Building Market Share Analysis, By Region
Global Prefab Wood Building Market Growth Analysis, By Region
Global Prefab Wood Building Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Skyline Champion Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
American Homestar
Southland Log Home
Fertighaus Weiss
American Modular Systems
Palm Harbor Homes Inc
Lester Building Systems
Bouygues Construction
Fleetwood Australia
Clayton Homes, Inc
*Similar analysis will be provided for each company listed above.