Prefabricated Building Market Size is Expected to total US$ 181.9 Billion by 2027

Nov 23, 2022 - 11:17

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Prefabricated Building Market Size is Expected to total US$ 181.9 Billion by 2027

Prefabricated Building Market- Segmented 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 (2021–2027)

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.

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Prefabricated Building Industry Outlook

The prefabricated building market size was valued at USD 150.4 billion in 2020 and is expected to reach USD 181.9 billion by 2027 with a CAGR of 8.2% over the forecast period (2021-2027). Steel and concrete material in the prefabricated building market is gaining momentum due to the easy installation and removal benefits. 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.

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 significantly over the forecast period.

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 required for construction, thereby reducing the construction cost significantly, which is one of the advantages associated with prefabricated buildings.

One of the major opportunities 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 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.

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Scope of the Report

The report outlines the global prefabricated building market study based on type, material, and applications.

Based on the type, the prefabricated building market has been segmented into –

Skeleton
Panel
Cellular
Combined
Others

Based on the material, the prefabricated building market has been segmented into–

Steel
Concrete
Wood

Based on the application, the prefabricated building market has been segmented into–

Residential
Non-Residential

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 2020, 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 a high CAGR over the forecast period due to increased construction activities across the globe.

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Key Global Prefabricated Building Market Competitors Includes –

The global prefabricated building market is fairly fragmented, with the presence of 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 the 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 a primary interview with industry experts.

Prefabricated Building Market Report Covers Comprehensive Analysis On:

Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles

Prefabricated Building Market Regional Analysis Includes:

North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA

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