Feels like home: Industry players will increasingly focus on niche markets boosting industry growth

The Prefabricated Home Manufacturing industry caters to more marginal homebuyers, and therefore experienced a long-delayed recovery over the past five years to 2018 from the recession the traditional housing market had left behind. Rising home prices during the period priced more buyers out of the traditional housing market and raised demand for prefabricated homes. Along with strong growth in revenue, profit margins in the industry have increased over the past five years. Sustained growth in the residential housing market will continue to boost industry sales over the five years to 2023, albeit at a slower rate...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
8.6%
Forecast Growth 18-23
Profit
Employment
40,877
Businesses
905

Industry Threats & Opportunities

  • Sustained growth in the residential housing market will continue to boost industry sales
  • Industry demand is sensitive to changes in interest rates
  • Industry demand primarily depends on competition from substitutes for manufactured or modular homes
  • Industry Report - Industry Key Buyers Chapter

    The Prefabricated Home Manufacturing industry exhibits a high level of market share concentration. Over the past five years, the industry has experienced substantial consolidation with several companies being forced to exit merge or be acquired by competing operators following tepid demand conditions early in the period. In 2018, the top four companies in the industry are expected to control 73.0% of revenue...purchase to read more.

    Additional Insights for the Prefabricated Home Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Prefabricated Home Manufacturing Industry are

  • Having a diverse range of clients
  • Proximity to key markets
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Number of households and House price index in the Prefabricated Home Manufacturing industry impact industry performance..

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    What's in this report

    What is the Prefabricated Home Manufacturing Industry?

    Companies in the industry produce manufactured (mobile) and modular (prefabricated) homes and buildings, as well as wood sections and panels for prefabricated buildings. Manufactured homes are constructed in a factory-controlled environment and often come equipped with wheels. Modular homes are manufactured in sections and then moved to the home site for final assembly.

    Industry Products
  • Manufactured mobile homes
  • Prefabricated wood buildings
  • Nonresidential mobile buildings
  • Industry Activities
  • Manufacturing (mobile) buildings for commercial use (e.g. banks, offices)
  • Manufacturing (mobile) classrooms
  • Mobile home
  • Farm building
  • Log cabin
  • Prefabricating wood panels and section
  • Prefabricated wood buildings
  • Sauna room
  • Manufacturing garages and sheds (e.g. garden, storage, utility)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of households
  • House price index
  • National unemployment rate
  • year conventional mortgage rate
  • Value of residential construction

  • Current Performance
  • Revenue and regulation
  • Consolidation and consumer trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand
  • Consistent roadblocks
  • Financing future growth
  • Table: Prefabricated Home Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Prefabricated Home Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufactured Home Wholesaling
  • Manufactured Home Dealers

  • Key Selling Industries
  • Millwork
  • Sawmills & Wood Production
  • Wood Paneling Manufacturing

  • Products & Services
  • Manufactured mobile homes
  • Prefabricated wood buildings
  • Nonresidential mobile buildings
  • Chart: Prefabricated Home Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • 18-29
  • 50-59
  • 30-39
  • 40-49
  • 60-69
  • 70-79
  • 80-85
  • Chart: Major Market Segmentation for the Prefabricated Home Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Prefabricated Home Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Prefabricated Home Manufacturing Industry

  • Industry Globalization
    Berkshire Hathaway Inc., Champion Enterprises Inc., Cavco Industries Inc.,
  • Table: Berkshire Hathaway Inc. - financial performance
  • Table: Champion Enterprises Inc. - financial performance
  • Table: Cavco Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Prefabricated Home Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Prefabricated Home Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • House Price Index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Computer-Aided Design
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Mobile Home
  • A home constructed entirely in a factory-controlled environment and typically equipped with wheels; also known as a manufactured home.
  • Prefabricated Home
  • A home manufactured in sections and then transported to the home site for final assembly; also known as a modular home.
  • Veneer
  • Thinly sliced pieces of wood glued to other wood pieces, medium-density fiberboard or particleboard panels.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Prefabricated Home Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Prefabricated Home Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Prefabricated Home Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Prefabricated Home Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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