Press Releases

The Global Market for Fabricated Wooden Home Manufacturing to Reach $78.7 Billion by 2022

June 27, 2018

WELLESLEY, Mass., June 27, 2018 – Several factors, such as emerging market growth, increasing awareness among consumers, rapid urbanization and rising populations, are contributing to growth of the global market for fabricated wooden home manufacturing, according to a new report from BCC Research.

In 2017, the industry was worth $57.5 billion and is estimated to reach a value of $78.7 billion by 2022, indicating a compound annual growth rate (CAGR) of 6.5%, according to the recent report Fabricated Wooden Home Manufacturing: Global Markets to 2022.

Restraints facing the market include stringent deforestation regulations, increasing interest rates and the shortage of a skilled workforce.

Research Highlights

  • Major companies within the market include Hathaway Inc., Cavco Industries, Inc., Skyline Corp. and American Homestar Corp.
  • Modular homes accounted for the largest share of the prefabricated wooden home manufacturing market in 2017 at $35.8 billion.
  • The Asia-Pacific region is the largest region in prefabricated wooden home manufacturing market, accounting for a 28.3% share.

“The U.S. is the largest market in terms of value and in the prefabricated wooden home manufacturing market,” the report notes. “Brazil and the U.S. are forecasted to have the fastest growth, growing at a CAGR of 10.2% and 9.2%, respectively.” 

Use of Automation and Robotics to Improve Productivity

Prefabricated wooden home manufacturing companies are increasingly using automation and robotics applications in construction vehicles and equipment to improve productivity. Automation vehicles are equipped with sensors, cameras and GPS to obtain real-time data and assist companies in remote monitoring of a worksite. Companies have also integrated robotics and automation in their factory processes for manufacturing parts for prefabricated homes. Katerra is one example of a company that has implemented this technology.

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Prefabricated Wooden Home Manufacturing: Global Markets to 2022( MFG055A )
Publish Date:     

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.