Vietnam Prefabricated Buildings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.89 Billion |
| Market Size (2029) | USD 5.95 Billion |
| CAGR (2024 - 2029) | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vietnam Prefabricated Buildings Market Analysis
The Vietnam Prefabricated Buildings Market size is estimated at USD 4.89 billion in 2024, and is expected to reach USD 5.95 billion by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).
The increased demand for prefabricated housing in the region, including manufactured housing, modular housing, precut housing, and panelized housing, is driven by a constant increase in the demand for housing units across the country.
Vietnam's urban population was 37.3% in 2020. Over the last 50 years, Vietnam's urban population increased significantly from 18.4% to 37.3%, rising at an annual rate of 2.34% and declining to 1.94% in 2020. Vietnam's six main cities are estimated to grow significantly by 2030. Over the next decade, the population of Ho Chi Minh City is expected to reach 11.1 million, growing by over 4 million. The population of Hanoi, the country's capital and second-largest city, is expected to reach 6.4 million, rising by 2.7 million.
Housing is a critical component of Vietnam's urbanization. In 2019, 27% of the urban population lived in substandard housing. By 2049, there will be 13.9 million more urban families, escalating the situation.
Vietnam Prefabricated Buildings Market Trends
Government Policies Boosting the Market
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA) are expected to propel Vietnam's exports of prefabricated buildings.
The prefabricated buildings feature highly on Vietnam's export list of lighting and furniture. Such buildings are gaining popularity in the commercial sector and residential living spaces. The government wants the building materials sector to achieve a higher level of automation by 2030.
The Ministry of Construction proposed a VND 30 trillion (USD 1.3 billion) credit package to build low-cost homes for workers. The package will help ensure social welfare for vulnerable people, enhance economic recovery and development, remove the difficulties plaguing enterprises, and support the development of housing and the real estate market.
Increasing Urbanization in Vietnam
The rapid urbanization, growing population, and booming economy of Vietnam are putting strain on the country's natural resources. Vietnam's immense coastline makes it susceptible to climate change and rising sea levels.
Vietnam's government has learned about the effects and knows how important it is to make its cities smarter and more environmentally friendly.
From planning to construction to the user stage, buildings utilize vast resources. In Vietnam, buildings consume half of their raw materials, 30-40% of their energy production, a quarter of their wood harvest, and 17% of their freshwater. The government's decision to build green cities is crucial to easing up human activities that cause harm to the environment.
The 'going green' trend benefits the environment and is a great investment for businesses. According to a Green Infrastructure Investment Opportunities report, green buildings exhibit huge investment potential, adding approximately USD 100 trillion globally between 2019 and 2030.
Vietnam Prefabricated Buildings Industry Overview
The report covers the major players operating in the Vietnamese prefabricated building market. The market is highly competitive and fragmented, with a few players occupying the major share. It is expected to grow during the forecast period. With the formulated objectives of central government policy and the need for affordable housing, the prefabricated building market in Vietnam is expected to remain strong. The major market players include TLC Modular, Zamil Steel Buildings Vietnam Co. Ltd., and BMB Steel.
Vietnam Prefabricated Buildings Market Leaders
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Best Metal Building and Accessory Joint - Stock Company
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Tran Duc Joint Stock Company
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QH Plus Industrial Joint Stock Company
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SEICO Steel Building Construction Joint Stock Company
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Zamil Steel Buildings Vietnam Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Vietnam Prefabricated Buildings Market News
- November 2022: QH plus handover sun signature show project & the two parts of the kissing bridge have been connected. With Sun Signature Show, where vortex technologies have been applied for a very attractive show, the installation of 3 orbits has been finished and handover to the investor for further progress.
- September 2022: Lotte Group has unveiled plans to create an eco-friendly smart city' complex in Vietnam, as well as a separate smart logistics center. On September 2, the firm hosted the groundbreaking ceremony for Lotte Eco Smart City Thu Thiem in Ho Chi Minh City's Thu Thiem new urban region. It plans to invest over USD 900 million in the project. The project will have a total floor area of 680,000 sqm, five basements, and multiple towers, the tallest of which will be 60 stories.
Vietnam Prefabricated Buildings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Supply Chain/Value Chain Analysis of the Prefabricated Buildings Market
4.4 Brief on Different Structures Used in the Prefabricated Buildings Market
4.5 Cost Structure Analysis of the Prefabricated Buildings Market
4.6 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Drivers
5.2 Restraints
5.3 Opportunitites
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers/Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 Material Type
6.1.1 Concrete
6.1.2 Glass
6.1.3 Metal
6.1.4 Timber
6.1.5 Other Material Types
6.2 Application
6.2.1 Residential
6.2.2 Commercial
6.2.3 Other Applications ( Industrial, Institutional, and Infrastructure)
7. COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration and Major Players)
7.2 Company Profiles
7.2.1 Best Metal Building and Accessory Joint Stock Company
7.2.2 Tran Duc Joint Stock Company
7.2.3 Qh Plus Phu My Co. Ltd.
7.2.4 Seico Steel Building Construction Joint Stock Company
7.2.5 Lien Son Thang Long Joint Stock Company
7.2.6 TLC Modular
7.2.7 Dai Dung Corporation Group
7.2.8 DTH Prefab
7.2.9 Quick Smart House
7.2.10 Zamil Steel Buildings Vietnam Co. Ltd.
7.2.11 TDH Green Building Solution Co. Ltd.
7.2.12 VMSteel Joint Stock Company
7.2.13 Diamond Development Group*
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. APPENDIX
9.1 Macroeconomic Indicators (GDP Breakdown by Sector, Contribution of Construction to Economy, Etc.)
9.2 Key Production, Consumption, and Export and Import Statistics of Construction Materials
Vietnam Prefabricated Buildings Industry Segmentation
Modular building solutions are becoming more popular among big housing companies because they reduce waste, speed up construction, save money, are good for the environment, and are flexible. The report covers the growing trends and projects in prefab building markets like commercial construction, residential construction, and industrial construction. The report also covers the industry by the type of material used, like concrete, timber, glass, metal, and other types. It also analyzes the key players and the competitive landscape in the Vietnamese prefabricated building market. The impact of COVID-19 has also been included in the study. The report offers market size and forecasts for the Vietnam prefabricated buildings industry market in value (USD billion) for all the above segments.
| Material Type | |
| Concrete | |
| Glass | |
| Metal | |
| Timber | |
| Other Material Types |
| Application | |
| Residential | |
| Commercial | |
| Other Applications ( Industrial, Institutional, and Infrastructure) |
Vietnam Prefabricated Buildings Market Research FAQs
How big is the Vietnam Prefabricated Buildings Market?
The Vietnam Prefabricated Buildings Market size is expected to reach USD 4.89 billion in 2024 and grow at a CAGR of 4% to reach USD 5.95 billion by 2029.
What is the current Vietnam Prefabricated Buildings Market size?
In 2024, the Vietnam Prefabricated Buildings Market size is expected to reach USD 4.89 billion.
Who are the key players in Vietnam Prefabricated Buildings Market?
Best Metal Building and Accessory Joint - Stock Company, Tran Duc Joint Stock Company, QH Plus Industrial Joint Stock Company , SEICO Steel Building Construction Joint Stock Company and Zamil Steel Buildings Vietnam Co. Ltd are the major companies operating in the Vietnam Prefabricated Buildings Market.
What years does this Vietnam Prefabricated Buildings Market cover, and what was the market size in 2023?
In 2023, the Vietnam Prefabricated Buildings Market size was estimated at USD 4.70 billion. The report covers the Vietnam Prefabricated Buildings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Prefabricated Buildings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Vietnam Prefabricated Buildings Industry Report
The Vietnam Prefabricated Building Market is segmented by material type, including concrete, glass, metal, timber, and other material types. It also encompasses various applications such as residential, commercial, and other applications like infrastructure and industrial. This market report provides a comprehensive market analysis and market research, offering a market forecast outlook and a historical overview. The industry report includes detailed industry analysis, industry information, and industry research, highlighting the industry trends and industry outlook.
The report covers the market segmentation and market value, providing insights into market data and market predictions. It also includes a market review, focusing on the market leaders and market outlook. The market size and market share are thoroughly analyzed, with a focus on market growth and market trends. The industry size and industry statistics are presented, along with industry sales and industry reports.
This market report is an essential tool for understanding the market forecast and market growth in the Vietnam prefabricated buildings industry. It includes a report example and a report PDF for further reference. Research companies can utilize this report to gain valuable insights into the market overview and market segmentation. The market analysis and industry analysis provided in this report are crucial for understanding the market trends and market outlook in this sector.
