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Prefabricated Buildings Market - Global Outlook & Forecast 2023-2028

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    Report

  • 272 Pages
  • August 2023
  • Region: Global
  • Arizton
  • ID: 5860482
1h Free Analyst Time
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The global prefabricated buildings market is expected to grow at a CAGR of 7.84% from 2022-2028.

MARKET TRENDS & DRIVERS

Expansion of Mass Township Projects

Prefabricated materials can be used efficiently for all kinds of construction projects, namely high rises, low rises, mass townships, etc. In many countries, governments are taking proposals to provide inexpensive housing as it reduces time and labor costs. In India, the government plans to provide housing for all by 2022, which requires constructing around 30 million low-cost houses and about 100 smart cities. It has led to the implementation of modern, advanced & green technologies and materials for faster and good quality construction of houses. In addition, they will also deploy stain-resistant and environment-friendly technologies. Such factors create an enormous opportunity for the vendors in the prefabricated material industry, eventually driving the prefabricated buildings market growth.

Space Constraints in Big Cities

Space constraints are increasing in large cities worldwide, such as New York, London, and Mumbai. Individuals and corporates seek reliable solutions that match their expanding space needs. Hence, such factors are a great opportunity for prefabricated construction manufacturers as people opt for prefabricated buildings as a feasible option. It allows the cost of the materials less than the traditional construction. It also saves materials that would have occupied landfill space. Also, there is no need for interior support, which maximizes the useable floor space.

SEGMENTATION INSIGHTS

INSIGHTS BY MATERIAL

The steel material type dominated the global prefabricated buildings market in 2022, accounting for over 33% share. Steel is the most widely used material in prefabricated building construction owing to its proven strength and durability. Steelwork is usually used to form the skeleton frame or skeleton system of a building or other built asset, typically consisting of columns and beams bolted or welded together. Steel framing is most associated with on-site design, where steel columns and I-beams are built into a linear framework that holds the structure together.

Segmentation by Material

  • Steel
  • Concrete & Cement
  • Wood
  • Other Materials

INSIGHTS BY SYSTEM

As the prefabricated buildings market continues to grow, the application of cellular systems is expected to increase significantly, fueling market growth. Cellular systems play a vital role in constructing multidimensional structures, providing isolation within buildings. Further, panel systems are also in demand due to their accelerated construction time, high thermal efficiency, and cost savings on labor.

Segmentation by System

  • Cellular System
  • Panel System
  • Skeleton System
  • Combined System
  • Other Systems

INSIGHTS BY END-USER

The non-residential end-user segment dominates the global prefabricated buildings market. The segment's growth is attributed to rising commercial spaces such as shopping malls, trade centers, and office spaces. Key players in the industry are making significant investments in their product portfolios to capitalize on the faster construction methodologies offered by prefab buildings. The cost and time-saving benefits associated with prefab constructions drive government agencies to adopt such buildings in compliance with applicable building codes. Prefabricated buildings have proven to be durable and capable of withstanding the heavy daily use of public facilities. However, the residential segment is estimated to grow at a high CAGR due to the growing population and requirement for housing facilities.

Segmentation by End-user

  • Non-Residential
  • Commercial Building
  • Hospitality
  • Government
  • Education
  • Other Non-Residential
  • Residential

GEOGRAPHICAL ANALYSIS

The APAC region dominated the global prefabricated buildings market and had a revenue share of over 37% in 2022. In APAC, a labor shortage has impacted the productivity of several modular construction projects, leading companies to adopt prefabricated construction to expedite project completion. The use of additive manufacturing and energy-absorbing materials, such as micro homes, is expected to further drive industry growth in the region. In Europe, the market is projected to grow moderately as consumers increasingly opt for ready-made solutions that match their preferences.

Segmentation by Geography

  • APAC
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Singapore
  • North America
  • The U.S.
  • Canada
  • Europe
  • Russia
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • Switzerland
  • Poland
  • Austria
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Latin America
  • Brazil
  • Mexico
  • Argentina

COMPETITIVE LANDSCAPE

The global prefabricated buildings market is highly fragmented, with local and international players vying for market share. Intense competition exists among these players, and the rapidly changing technological landscape poses challenges as customers demand continual innovation and construction upgrades. Vendors adapt and refine their unique value propositions to establish a strong industry presence. Developed countries like the U.S. and Western European nations have a high market concentration while developing economies like China and India are still nascent. The competition among vendors is based on offerings and pricing, which is expected to intensify further with product extensions, technological innovations, and mergers and acquisitions.

Key Company Profiles

  • Algeco
  • Scotsman
  • Alho Systembau
  • ATCO
  • Bouygues Bâtiment International
  • Red Sea House

Other Prominent Vendors

  • ABTECH
  • Alta-Fab Structures
  • Art’s Way Manufacturing
  • Astron Buildings
  • Berkeley Group
  • Ceramic Houses
  • Champion Home Builders
  • CIMC Group
  • Clayton Homes Inc.
  • Danish Modular System
  • DFH Group
  • Fertighaus Weiss
  • Fleetwood Australia
  • Guerdon Enterprises
  • Hickory Group
  • Horizon North Logistics
  • HUF HAUS
  • Ilke Homes
  • Katerra
  • Kleusberg
  • Laing O’Rourke
  • Lendlesase Corporation
  • Modulaire Group
  • Moelven
  • REM
  • Segexha Group
  • Skanska Group
  • Vitahus

KEY QUESTIONS ANSWERED:

  • How big is the prefabricated buildings market?
  • What is the growth rate of the global prefabricated buildings market?
  • What are the growing trends in the prefabricated buildings industry?
  • Which region holds the most significant global prefabricated buildings market share?
  • Who are the key players in the global prefabricated buildings market?
Frequently Asked Questions about the Prefabricated Buildings Market

What is the estimated value of the Prefabricated Buildings Market?

The Prefabricated Buildings Market was estimated to be valued at $134 Billion in 2022.

What is the growth rate of the Prefabricated Buildings Market?

The growth rate of the Prefabricated Buildings Market is 7.8%, with an estimated value of $210.8 Billion by 2028.

What is the forecasted size of the Prefabricated Buildings Market?

The Prefabricated Buildings Market is estimated to be worth $210.8 Billion by 2028.

Who are the key companies in the Prefabricated Buildings Market?

Key companies in the Prefabricated Buildings Market include Algeco, Scotsman, Alho Systembau, ATCO, Bouygues Bâtiment International, Red Sea House, ABTECH, Alta, Fab Structures and Art’s Way Manufacturing.

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segmentation
4.4.1 Market Segmentation by Material
4.4.2 Market Segmentation by System
4.4.3 Market Segmentation by End-user
4.4.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1 Overview
6.2 Segmentation Analysis
6.2.1 End-user
6.2.2 Material
6.2.3 System
6.3 Geographical Analysis
6.4 Competitive Analysis
7 Market at a Glance
8 Introduction
8.1 Overview
8.2 Prefabricated Structure Types
8.2.1 Temporary Prefabricated Structures
8.2.2 Fiberglass Prefabricated Structures
8.2.3 Quonset Huts
8.2.4 Hybrid Prefab Systems
8.2.5 Structural Insulated Panels
8.2.6 Ferrocement Sandwich Panel
8.2.7 Waffle Crete Building System
8.2.8 Open Sided Modules
8.2.9 Modules Supported
8.2.10 Insulated Precast Concrete Panels
8.2.11 Insulated Concrete Forms
8.3 Benefits of Prefabricated Buildings
8.3.1 Faster On-Site Construction
8.3.2 Resistance to Uncontrollable Factors
8.3.3 Higher Quality and Consistency
8.3.4 Time and Efficiency
8.3.5 Reusability and Dismantlement
8.3.6 Environmentally Friendly Materials
8.4 Value Chain Analysis
8.4.1 Overview
8.4.2 Raw Materials
8.4.3 Manufacturers
8.4.4 Dealers
8.4.5 End-users
9 Market Opportunities & Trends
9.1 Rising Demand for Turnkey Solutions
9.2 Space Constraints in Big Cities
9.3 High Profitability Associated With Prefabricated Building Systems
10 Market Growth Enablers
10.1 Expansion of Mass Township Projects
10.2 Surge in Demand for High-End & Customized Buildings
10.3 Rising Construction Opportunities in Developing Countries
11 Market Restraints
11.1 High Initial Costs Associated With Installation of Prefabricated Structures
11.2 Complications Associated With Supply Chain Management
11.3 Political and Economic Uncertainties
12 Market Landscape
12.1 Market Size & Forecast
12.2 Five Forces Analysis
12.2.1 Threat of New Entrants
12.2.2 Bargaining Power of Suppliers
12.2.3 Bargaining Power of Buyers
12.2.4 Threat of Substitutes
12.2.5 Competitive Rivalry
13 Material
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Steel
13.3.1 Market Size & Forecast
13.3.2 Market by Geography
13.4 Concrete & Cement
13.4.1 Market Size & Forecast
13.4.2 Market by Geography
13.5 Wood
13.5.1 Market Size & Forecast
13.5.2 Market by Geography
13.6 Others
13.6.1 Market Overview
13.6.2 Market by Geography
14 System
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Cellular System
14.3.1 Market Size & Forecast
14.3.2 Market by Geography
14.4 Panel System
14.4.1 Market Size & Forecast
14.4.2 Market by Geography
14.5 Skeleton System
14.5.1 Market Size & Forecast
14.5.2 Market by Geography
14.6 Combined System
14.6.1 Market Size & Forecast
14.6.2 Market by Geography
14.7 Others
14.7.1 Market Size & Forecast
14.7.2 Market by Geography
15 End-user
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Non-Residential
15.3.1 Market Size & Forecast
15.3.2 Market by Geography
15.4 Marker by Non-Residential End-user
15.4.1 Commercial Building: Market Size & Forecast
15.4.2 Market by Geography
15.4.3 Hospitality: Market Size & Forecast
15.4.4 Market by Geography
15.4.5 Government: Market Size & Forecast
15.4.6 Market by Geography
15.4.7 Education: Market Size & Forecast
15.4.8 Market by Geography
15.4.9 Other Non-Residential: Market Size & Forecast
15.4.10 Market by Geography
15.5 Residential
15.5.1 Market Size & Forecast
15.5.2 Market by Geography
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 Apac
17.1 Market Size & Forecast
17.2 Material
17.2.1 Market Size & Forecast
17.3 System
17.3.1 Market Size & Forecast
17.4 End-user
17.4.1 Market Size & Forecast
17.5 Non-Residential End-User
17.5.1 Market Size & Forecast
17.6 Key Countries
17.6.1 China: Market Size & Forecast
17.6.2 India: Market Size & Forecast
17.6.3 Japan: Market Size & Forecast
17.6.4 Australia: Market Size & Forecast
17.6.5 South Korea: Market Size & Forecast
17.6.6 Singapore: Market Size & Forecast
18 North America
18.1 Market Size & Forecast
18.2 Material
18.2.1 Market Size & Forecast
18.3 System
18.3.1 Market Size & Forecast
18.4 End-user
18.4.1 Market Size & Forecast
18.5 Non-Residential End-user
18.5.1 Market Size & Forecast
18.6 Key Countries
18.6.1 Us: Market Size & Forecast
18.6.2 Canada: Market Size & Forecast
19 Europe
19.1 Market Size & Forecast
19.2 Material
19.2.1 Market Size & Forecast
19.3 System
19.3.1 Market Size & Forecast
19.4 End-user
19.4.1 Market Size & Forecast
19.5 Non-Residential End-user
19.5.1 Market Size & Forecast
19.6 Key Countries
19.6.1 Russia: Market Size & Forecast
19.6.2 Germany: Market Size & Forecast
19.6.3 Uk: Market Size & Forecast
19.6.4 France: Market Size & Forecast
19.6.5 Italy: Market Size & Forecast
19.6.6 Spain: Market Size & Forecast
19.6.7 Sweden: Market Size & Forecast
19.6.8 Switzerland: Market Size & Forecast
19.6.9 Poland: Market Size & Forecast
19.6.10 Austria: Market Size & Forecast
20 Middle East & Africa
20.1 Market Size & Forecast
20.2 Material
20.2.1 Market Size & Forecast
20.3 System
20.3.1 Market Size & Forecast
20.4 End-user
20.4.1 Market Size & Forecast
20.5 Non-Residential End-user
20.5.1 Market Size & Forecast
20.6 Key Countries
20.6.1 Saudi Arabia Market Size & Forecast
20.6.2 Uae: Market Size & Forecast
20.6.3 South Africa: Market Size & Forecast
21 Latin America
21.1 Market Size & Forecast
21.2 Material
21.2.1 Market Size & Forecast
21.3 System
21.3.1 Market Size & Forecast
21.4 End-user
21.4.1 Market Size & Forecast
21.5 Non-Residential End-user
21.5.1 Market Size & Forecast
21.6 Key Countries
21.6.1 Brazil: Market Size & Forecast
21.6.2 Mexico: Market Size & Forecast
21.6.3 Argentina: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 Algeco Scotman
23.1.1 Business Overview
23.1.2 Product Offerings
23.1.3 Key Strengths
23.1.4 Key Strategies
23.1.5 Key Opportunities
23.2 Alho Systembau
23.2.1 Business Overview
23.2.2 Product Offerings
23.2.3 Key Strengths
23.2.4 Key Strategies
23.2.5 Key Opportunities
23.3 Atco
23.3.1 Business Overview
23.3.2 Product Offerings
23.3.3 Key Strengths
23.3.4 Key Strategies
23.3.5 Key Opportunities
23.4 Bouygues Batiment International
23.4.1 Business Overview
23.4.2 Product Offerings
23.4.3 Key Strengths
23.4.4 Key Strategies
23.4.5 Key Opportunities
23.5 Red Sea Housing
23.5.1 Business Overview
23.5.2 Product Offerings
23.5.3 Key Strengths
23.5.4 Key Strategies
23.5.5 Key Opportunities
24 Other Prominent Vendors
24.1 Abtech
24.1.1 Business Overview
24.1.2 Product Offerings
24.2 Alta-Fab Structures
24.2.1 Business Overview
24.2.2 Product Offerings
24.3 Art's Way Manufacturing
24.3.1 Business Overview
24.3.2 Product Offerings
24.4 Astron Buildings
24.4.1 Business Overview
24.4.2 Product Offerings
24.5 Berkeley Group
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 Ceramic Houses
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 Champion Home Builders
24.7.1 Business Overview
24.7.2 Product Offerings
24.8 Cimc Group
24.8.1 Business Overview
24.8.2 Product Offerings
24.9 Clayton Homes Inc.
24.9.1 Business Overview
24.9.2 Product Offerings
24.10 Danish Modular System
24.10.1 Business Overview
24.10.2 Product Offerings
24.11 Dfh Group
24.11.1 Business Overview
24.11.2 Product Offerings
24.12 Fertighaus Weiss
24.12.1 Business Overview
24.12.2 Product Offerings
24.13 Fleetwood Australia
24.13.1 Business Overview
24.13.2 Product Offerings
24.14 Guerdon Enterprises
24.14.1 Business Overview
24.14.2 Product Offerings
24.15 Hickory Group
24.15.1 Business Overview
24.15.2 Product Offerings
24.16 Horizon North Logistics
24.16.1 Business Overview
24.16.2 Product Offerings
24.17 Huf Haus
24.17.1 Business Overview
24.17.2 Product Offerings
24.18 Ilke Home
24.18.1 Business Overview
24.18.2 Product Offerings
24.19 Katerra
24.19.1 Business Overview
24.19.2 Product Offerings
24.20 Kleusberg
24.20.1 Business Overview
24.20.2 Product Offerings
24.21 Laing O’Rourke
24.21.1 Business Overview
24.21.2 Product Offerings
24.22 Lendlease Corporation
24.22.1 Business Overview
24.22.2 Product Offerings
24.23 Modulaire Group
24.23.1 Business Overview
24.23.2 Product Offerings
24.24 Moelven
24.24.1 Business Overview
24.24.2 Product Offerings
24.25 Rem
24.25.1 Business Overview
24.25.2 Product Offerings
24.26 Segezha Group
24.26.1 Business Overview
24.26.2 Product Offerings
24.27 Skanska Group
24.27.1 Business Overview
24.27.2 Product Offerings
24.28 Vitahus
24.28.1 Business Overview
24.28.2 Product Offerings
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market by Geography
26.2 Market by Material
26.3 Market by System
26.4 Market by End-user
26.5 Market by Non-Residential End-user
27 Appendix
27.1 Abbreviations

Companies Mentioned

  • Algeco
  • Scotsman
  • Alho Systembau
  • ATCO
  • Bouygues Bâtiment International
  • Red Sea House
  • ABTECH
  • Alta-Fab Structures
  • Art’s Way Manufacturing
  • Astron Buildings
  • Berkeley Group
  • Ceramic Houses
  • Champion Home Builders
  • CIMC Group
  • Clayton Homes Inc.
  • Danish Modular System
  • DFH Group
  • Fertighaus Weiss
  • Fleetwood Australia
  • Guerdon Enterprises
  • Hickory Group
  • Horizon North Logistics
  • HUF HAUS
  • Ilke Homes
  • Katerra
  • Kleusberg
  • Laing O’Rourke
  • Lendlesase Corporation
  • Modulaire Group
  • Moelven
  • REM
  • Segexha Group
  • Skanska Group
  • Vitahus

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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