Prefabricated Home Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 32199aRevenue
$13.3bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
42,186
Businesses
761
Wages
$X.Xbn
Prefabricated Home Manufacturing in the US industry analysis
The Prefabricated Home Manufacturing industry produces modular and manufactured homes that are low-cost substitutes for conventional, site-built units. The industry caters to first-time homeowners, retirees and low-income consumers. Rising home prices during the period priced more buyers out of the traditional housing market and raised demand for prefabricated homes. Plummeting interest rates amid the COVID-19 pandemic and the health risks associated with the virus boosted demand for prefabricated homes as consumers fled congested urban areas and took advantage of the low interest rates. Low interest rates have also increased competition from the conventional housing market, mitigating revenue growth. As interest rates climb back up overall housing starts fell, forcing more prospective homeowners to purchase economically viable prefabricated homes. Industry-wide revenue ballooned at a CAGR of 4.4% through the end of 2024 to reach $13.3 billion, including an expected 0.7% drop in 2024 alone.
Trends and Insights
- Demand for prefabricated and modular homes has been sustained by increases in per capita disposable income and access to credit. Amid the COVID-19 pandemic, interest rates plummeted to stimulate the economy, making homes of all types, mainly prefabricated homes, more affordable.
- Prefabricated and modular housing units are a cheap substitute for more traditional on-site built homes. This industry relies primarily on demand from young, first-time homeowners, those approaching retirement and those receiving Social Security or Medicaid payments.
- Most prefabricated and module home manufacturers are located in the Southeast, the Mid-Atlantic and the Great Lakes. Establishments in the industry are typically situated near upstream industries, like sawmills, wood paneling manufacturers and millwork companies.
- The industry's main external competitor is on-site constructed homes. These houses have a more favorable public perception, which manufacturers have attempted to overcome through greater consumer customization options.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.4 % over the past five years, to reach an estimated $13.3bn in 2024.
Trends and Insights
Fluctuating interest rates can help and hurt manufacturers
- Modular and manufactured homes are purchased as a low-cost alternative to conventional, on-site constructed housing.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Shifting demand as interest rates rise.
- The primary substitutes include on-site constructed homes, apartment rentals, condominiums and townhouses. Industry manufacturers compete with these substitutes mainly based on price.
Biggest companies in the Prefabricated Home Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Berkshire Hathaway Inc. | 4,257.5 | 837.7 | 19.7 | |
Skyline Champion Corporation | 1,840.8 | 77.1 | 4.2 | |
Cavco Industries Inc. | 1,322.0 | 109.8 | 8.3 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Manufactured mobile homes, Prefabricated wood buildings and Nonresidential mobile buildings. Manufactured mobile homes is the largest segment of the Prefabricated Home Manufacturing in the US.
Trends and Insights
Manufactured mobile homes are shrinking
- This product segment primarily consists of residential mobile homes, most of which are multi-section, which are more popular than single-section homes and represent the majority of sales in this category.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Sawmills & Wood Production in the US
- Wood Paneling Manufacturing in the US
- Millwork in the US
- Manufactured Home Dealers in the US
International industries
- Prefabricated Wooden Building Manufacturing in Australia
- Carpentry & Joinery Product Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Companies in the industry produce manufactured (mobile) and modular (prefabricated) homes and buildings, in addition to 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.
What's included in this industry?
Manufacturing (mobile) buildings for commercial use (e.g. banks, offices) manufacturingManufacturing (mobile) classrooms manufacturingMobile home manufacturingFarm building manufacturingLog cabin manufacturingPrefabricating wood panels and section Prefabricated wood buildings manufacturingSauna room manufacturingManufacturing garages and sheds (e.g. garden, storage, utility)Companies
Berkshire Hathaway Inc.Skyline Champion CorporationCavco Industries Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
PREFABRICATED HOMEMOBILE HOMEVENEERCOMPUTER-AIDED DESIGNIndustry Code
NAICS 321991 - Prefabricated Home Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Demand for prefabricated and modular homes has been sustained by increases in per capita disposable income and access to credit. Amid the COVID-19 pandemic, interest rates pl...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Prefabricated and modular housing units are a cheap substitute for more traditional on-site built homes. This industry relies primarily on demand from young, first-time homeo...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Most prefabricated and module home manufacturers are located in the Southeast, the Mid-Atlantic and the Great Lakes. Establishments in the industry are typically situated nea...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry's main external competitor is on-site constructed homes. These houses have a more favorable public perception, which manufacturers have attempted to overcome thr...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Prominent manufacturers will continue gaining market share and consolidating through merger and acquisition activity, forcing many smaller manufacturers to exit the industry. ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Berkshire Hathaway Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Skyline Champion Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Cavco Industries Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Berkshire Hathaway Inc., and factors influencing its performance in the industry
- Description and key data for Skyline Champion Corporation, and factors influencing its performance in the industry
- Description and key data for Cavco Industries Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufactured homes are subject to local zoning and housing regulations. In certain cities and counties, local government ordinances and regulations have been enacted to restr...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
High market share concentration in the industry means that average profit is heavily skewed toward major players. Major players like Berkshire Hathaway operate with far highe...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Prefabricated Home Manufacturing in the US industry in United States in 2024?
The market size of the Prefabricated Home Manufacturing in the US industry in United States is $13.3bn in 2024.
How many businesses are there in the Prefabricated Home Manufacturing in the US industry in 2024?
There are 761 businesses in the Prefabricated Home Manufacturing in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
Has the Prefabricated Home Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Prefabricated Home Manufacturing in the US industry in United States has been growing at a CAGR of 4.4 % between 2019 and 2024.
What is the forecast growth of the Prefabricated Home Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Prefabricated Home Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Prefabricated Home Manufacturing in the US market in United States?
The biggest companies operating in the Prefabricated Home Manufacturing market in United States are Berkshire Hathaway Inc., Skyline Champion Corporation and Cavco Industries Inc.
What does the Prefabricated Home Manufacturing in the US in United States include?
Manufacturing (mobile) buildings for commercial use (e.g. banks, offices) manufacturing and Manufacturing (mobile) classrooms manufacturing are part of the Prefabricated Home Manufacturing in the US industry.
Which companies have the highest market share in the Prefabricated Home Manufacturing in the US in United States?
The company holding the most market share in United States is Berkshire Hathaway Inc..
How competitive is the Prefabricated Home Manufacturing in the US industry in United States?
The level of competition is high and steady in the Prefabricated Home Manufacturing in the US industry in United States.
