Prefabricated Building Market- Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

 

Prefabricated construction can build residential building structures in about half the time as compared to conventional construction methods, which will boost the growth of prefabricated building market

Description

Prefabricated Building Market- by System (Skeleton, Panel, Cellular, Combined and Others), by Material (Steel, Concrete and Wood), by Application (Residential and Non-Residential) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The prefabricated building market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the prefabricated building market.

 

Prefabricated Building Market Introduction

The prefabricated building market is expected to register a CAGR of 8.2% over the forecast period (2020-2025). Steel and concrete material in the prefabricated building market is gaining momentum due to easily installation and removal benefits associated with it. Moreover, government-sponsored initiatives in developing countries to provide affordable houses in less time is another major factor for the growth of the prefabricated building market over the forecast period.

 

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Factors Affecting the Prefabricated Building Industry over the Forecast Period-

• Due to the rise in infrastructure development and the growth in residential and commercial sectors, the prefabricated building market is likely to grow with a significant growth rate over the forecast period
• Due to increasing awareness of construction waste on the environment, which can have an adverse effect on social culture in the future, has driven people to adopt the green buildings concept, which is expected to bolster the growth of the prefabricated building market
• Permanent modular construction saves time and labor which are required for construction, thereby reducing the construction cost significantly which is one of the advantages associated with prefabricated buildings
• One of the major opportunity for the prefabricated building market is rapid urbanization and technology development which provides effective results
• Prefabricated construction can build residential building structures in about half the time as compared to conventional construction methods, which will boost the growth of the prefabricated building market

Impact of COVID-19 on Prefabricated Building Market:

The prefabricated building market has a major impact due to the coronavirus COVID-19 outbreak. The global economy has disturbed so much, which affects the investment in advanced technologies such as precast concrete. Also, due to the shutdown of operations, construction companies had a huge loss that may affect the prefabricated building market. It is expected that post-COVID-19, the market will take a V-recovery pattern during the forecast period.

Prefabricated Building Market: Regional Outlook

Based on the region, the global prefabricated building market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, North America held the largest share in the global prefabricated building market, followed by Asia-Pacific and Europe. Moreover, Asia Pacific is expected to grow with high CAGR over the forecast period, due to increase in construction activities across the globe.

 

Prefabricated Building Market: Key Competitors Includes –

The global prefabricated building market is fairly fragmented, with the presence of a key players across the globe. The key players operating in the global prefabricated building market are 

 

• Abtech
• Alta-Fab Structures
• Art's Way Manufacturing
• Astron
• Champion Home Builders
• CIMC Modular Building Systems Holding
• Clayton Homes, Inc.
• DuBox
• Fleetwood Australia
• Guerdon Modular Buildings
• Hickory Group
• Horizon North Logistics
• Katerra
• Kirby Building Systems
• Kleusberg GmbH & Co. KG
• KOMA Modular
• Laing O'Rourke
• Lendlease Corporation
• Lindal Cedar Homes
• Modern Prefab
• Modular Engineering
• Niko Prefab Building Systems Pvt. Ltd.

 

The prefabricated building market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market player's presence in the respective segment and region/country. The information concluded in the report includes the inputs from primary interview with industry experts.

 

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