According to ConsTrack360’s, prefabricated construction industry in United Kingdom is expected to grow by 5.2% to reach GBP 17,313 million in 2024.

The medium to long-term growth story in United Kingdom remains intact. The prefabricated construction industry in United Kingdom is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.7% during 2024-2028. The prefabricated construction output in the country is expected to reach GBP 20,787.9 million by 2028.

The prefabricated construction industry is expected to record steady growth over the medium term in the United Kingdom. Firms are expanding their manufacturing capacity both in the domestic and global markets. MMY Global, for instance, announced that the firm is investing US$6.1 million to set up a manufacturing facility in West Louisville, in the United States in February 2024.

However, due to growing losses amid an uncertain economic environment, some of the firms like TopHat have put their expansion projects on hold indefinitely. NHS, on the other hand, has expanded the modular building framework to cover new sectors in the United Kingdom. This will aid market growth over the medium term. Overall, ConsTrack360 maintains a positive growth outlook for the prefabricated construction market over the next three to four years.

United Kingdom-based modular housing firms are expanding their manufacturing capacity in the domestic and global markets

With the market poised for accelerated growth over the next five years, United Kingdom-based prefabricated construction firms are planning to expand their manufacturing capabilities. As a result, firms are investing millions of dollars into the development of new facilities in markets like the United Kingdom and the United States.

  • MMY Global, based in the United Kingdom, announced that the firm is investing US$6.1 million to set up a manufacturing facility in West Louisville, in the United States in February 2024. This is the first manufacturing unit for the UK-based firm in the United States. The firm, notably, has received a grant of US$500,000 from the Louisville Metro Government to open the facility on Beech Street. With the new manufacturing facility, the firm will be able to produce up to 500 units per year, having an opportunity to grow this to 1,000 units annually. The production, at the Louisville facility is expected to commence later in 2024.

    Drywall Steel Sections, which manufactures light gauge steel framing for the construction industry (including modular housing), also moved into a new factory in Ettingshall, Wolverhampton. The expansion of the factory follows a ?7.59 million investment from the West Midlands Combined Authority (WMCA),

    NHS has expanded the modular buildings framework to cover new sectors in the United Kingdom

    As many as 21 specialized firms are competing for spots on the new NHS Shared Business Services (SBS) modular building framework. This revamped framework is expanding to include new sectors and is expected to double its workload to an impressive ?3.6 billion over the next four years.
  • The updated framework offers a major growth opportunity for modular specialists and access to new, previously unexplored sectors. This expansion is likely to attract joint venture bids from leading modular companies, similar to how industry giants like Kier and McAvoy succeeded with the Crown Commercial Services partnership awarded in 2023.

    The NHS SBS Modular Building 3 framework is structured to cover a wide range of sectors, giving developers the chance to demonstrate their expertise and grow their businesses. It includes everything from new construction projects to residential hire and lease options, providing diverse opportunities for firms aiming to establish themselves in the public sector.

    TopHat has postponed the opening of its new facility on hold indefinitely in the United Kingdom

    TopHat, in March 2024, announced that it was indefinitely postponing the opening of the new manufacturing facility in Corby. The firm has invested millions of dollars into the development of that factory and it was intended to help the firm in expanding its production capacity from 800 a year to 4,800 annually. The firm was also hoping to leverage the new facility to turn profitable, from the current losses, over the medium term.
  • The manufacturing plant, on the new Magna Park Development, was initially slated to commence production in 2023. However, it has been delayed to an unspecified date in 2024. The firm also placed an order for 59 manufacturing robots. But none has been delivered yet. The unstable market conditions are among the factors that have forced TopHat to put the project on hold.
    The announcement comes a few weeks after the firm laid off 70 people, which is about a third of its total workforce, at its Dove Valley factory. Based on the most recent accounts, TopHat shows a ?20m pre-tax loss on ?10m of sales. The firm, in November 2023, also received a ?15m government loan from Homes England.

    This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in United Kingdom. This is a databook offering, which primarily provides data-centric analysis with charts and tables.
  • End Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the prefabricated industry in United Kingdom.
  • Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction in United Kingdom.
  • Prefabricated Materials: Provides demand analysis across 7 key materials such as aluminum, wood, iron & steel, concrete, glass, and other.
  • Prefabricated Products: Provides demand analysis of market by 7 key products such as building superstructure, roof construction, floor construction, interior room modules, exterior walls, columns & beams, and other.

    ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.