With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Large Could The Multifamily Modular and Prefabricated Housing Construction Market Become By 2030 At A 7.3% CAGR?
The multifamily modular and prefabricated housing construction market size has shown robust growth over recent years. It is anticipated to expand from $55.5 billion in 2025 to $59.43 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.1%. This historical expansion can be linked to several factors, including an increase in the need for quicker housing delivery, the growing application of modular approaches in multifamily developments, a reliance on conventional modular components, the expansion of urban residential projects, and a rising requirement for economical living solutions.
The multifamily modular and prefabricated housing construction market is projected for substantial expansion over the coming years. This market is anticipated to reach $78.75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.3%. This projected growth is driven by several factors, including the increasing use of advanced prefabrication technologies, greater investments in permanent modular housing, the broadening scope of relocatable modular housing applications, a heightened focus on sustainable modular materials, and the creation of high-density modular urban developments. Key trends during this period are expected to involve the growing prevalence of multi-story modular apartment complexes, a surging need for quicker and more economical housing solutions, an uptick in the application of steel, wood, and precast materials for modular components, the extension of permanent modular housing into urban infill initiatives, and increased deployment of relocatable units for temporary and workforce accommodation.
Get A Free Multifamily Modular and Prefabricated Housing Construction Market Sample With 2030 Forecast Insights:
Multifamily Modular and Prefabricated Housing Construction Market Outlook: Key Driver Supporting Long-Term Growth
The advantages associated with modular construction are anticipated to drive the expansion of the multifamily modular and prefabricated housing construction market. Modular and factory-built housing presents several benefits, including savings in cost and time, reduced material wastage, precise assembly-line quality control, less strain on the immediate neighborhood, and improved construction safety. For instance, in 2023, the Modular Building Institute, a US-based non-profit trade association dedicated to non-residential modular construction, reported that the modular industry accounted for an estimated 6.64% of new construction starts, with an approximate total project value of $14.6 billion. Revenue figures collected from 49 North American manufacturers demonstrated an average revenue of $23,474,970 per manufacturer. This revenue represented 43% of the total value of projects employing modular construction. As a result, the benefits linked to modular and prefabricated construction are expected to heighten the focus of multinational construction companies on modular housing construction, leading to increased revenue and growth for the multifamily modular and prefabricated housing construction market during the forecast period.
Segmentation Of The Multifamily Modular and Prefabricated Housing Construction Market: Key Categories Explained
The multifamily modular and prefabricated housing construction market covered in this report is segmented –
1) By Type: Permanent, Relocatable
2) By Material: Steel, Precast Concrete, Wood, Plastic, Other Materials
3) By Construction Method: Modular Construction, Panelized Construction, Volumetric Prefabrication
Subsegments:
1) By Permanent: Multi-Story Modular Apartments, Permanent Prefabricated Units, Infill Housing Units
2) By Relocatable: Temporary Housing Units, Relocatable Modular Homes, Site Offices and Temporary Accommodation Units
Multifamily Modular and Prefabricated Housing Construction Market Evolving Trends: What Businesses Should Know
Leading firms within the multifamily modular and prefabricated housing construction market are developing novel product brands, such as the Modular Attainable Housing Brand, to enhance their market profitability. For instance, in June 2023, Greystar Real Estate Partners, a US-based real estate company, introduced attainable. This brand is exclusively dedicated to Greystar’s impact housing offering, which aims to provide more economical housing possibilities for important groups severely affected by the scarcity of renting options in the US. Through the brand’s launch, Greystar has showcased its commitment to addressing the challenge of affordable housing. Greystar utilizes modular construction to deliver sustainable, high-quality goods to tenants at cheap alternatives.
Who Competes In The Multifamily Modular and Prefabricated Housing Construction Market? Major Companies Listed
Major companies operating in the multifamily modular and prefabricated housing construction market are Laing O’Rourke, ATCO Ltd., Algeco UK Limited, Ritz-Craft Corporation, Red Sea International Company, Pleasant Valley Homes Inc., Connect Homes LLC, Kiss House, Marlette Homes Inc., Guerdon LLC, Northstar Systembuilt Inc., Cube Haus, Blu Homes Inc., Plant Prefab Inc., Simplex Homes Inc., Revolution Precrafted Properties Limited, Pine Grove Homes Inc., KLEUSBERG GmbH & Co. KG, Blokable Inc., New Era Building Systems Inc., nHouse Limited, PopUp House, Mod-U-Kraf Homes Inc., Stratford Homes LLC
Read The Complete Multifamily Modular and Prefabricated Housing Construction Market Forecast Report Through 2030:
Multifamily Modular and Prefabricated Housing Construction Market Regional Ranking: Which Geography Comes First?
Asia-Pacific was the largest region in the multifamily modular and prefabricated housing construction market in 2025. Africa is expected to be the fastest-growing region in the global multifamily modular and prefabricated housing construction market share during the forecast period. The regions covered in the multifamily modular and prefabricated housing construction market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
