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Prefabricated Buildings - Global Market Trajectory & Analytics

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    Report

  • 610 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338390

Global Prefabricated Buildings Market to Reach $164.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Prefabricated Buildings estimated at US$106.1 Billion in the year 2020, is projected to reach a revised size of US$164.1 Billion by 2027, growing at a CAGR of 6.4% over the period 2020-2027. Panel Systems, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$61.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Skeleton Systems segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $19.5 Billion, While China is Forecast to Grow at 7.9% CAGR

The Prefabricated Buildings market in the U.S. is estimated at US$19.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$41.4 Billion by the year 2027 trailing a CAGR of 7.9% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$20.3 Billion by the year 2027.

Cellular Systems Segment to Record 6.7% CAGR

In the global Cellular Systems segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$19.5 Billion in the year 2020 will reach a projected size of US$30.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.4% CAGR through the analysis period.

Select Competitors (Total 272 Featured)

  • Abtech, Inc.
  • Astron Buildings S.A.
  • BlueScope Buildings North America, Inc.
  • Kirby Building Systems, LLC
  • Lindal Cedar Homes
  • Modular Engineering Co.
  • Niko Prefab Building Systems Pvt. Ltd.
  • Par-Kut International
  • Red Sea International Company
  • Schulte Building Systems, Inc.
  • Skyline Champion Corporation
  • United Partition Systems Inc.
  • Vardhman Pre-Engineered Building System
  • WillScot Mobile Mini Holdings Corp.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Prefabricated Buildings

What is the estimated value of the Global Market for Prefabricated Buildings?

The Global Market for Prefabricated Buildings was estimated to be valued at $106.1 Billion in 2020.

What is the growth rate of the Global Market for Prefabricated Buildings?

The growth rate of the Global Market for Prefabricated Buildings is 6.4%, with an estimated value of $164.1 Billion by 2027.

What is the forecasted size of the Global Market for Prefabricated Buildings?

The Global Market for Prefabricated Buildings is estimated to be worth $164.1 Billion by 2027.

Who are the key companies in the Global Market for Prefabricated Buildings?

Key companies in the Global Market for Prefabricated Buildings include Abtech, Inc., Astron Buildings S.A., BlueScope Buildings North America, Inc., Kirby Building Systems, LLC, Lindal Cedar Homes, Modular Engineering Co., Niko Prefab Building Systems Pvt. Ltd., Par and Red Sea International Company.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Prefabricated Buildings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Offsite Production and Prefabrication Gain Appeal Amidst COVID-19
  • An Introduction to Prefabricated Buildings
  • Variables Impacting the Cost of Prefab Homes
  • Prefab/Modular/Panelized Homes
  • Advantages and Challenges
  • Global Market Prospects & Outlook
  • Select Trends Influencing the Market
  • World Prefabricated Buildings Market by Product Type (2021 & 2027): Percentage Breakdown of Sales for Panel Systems, Skeleton Systems, Cellular Systems, and Combined Systems
  • World Prefabricated Buildings Market by End-Use Sector (2021 & 2027): Percentage Breakdown of Sales for Commercial, Residential, and Industrial
  • Regional Analysis
  • World Prefabricated Buildings Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
  • World Prefabricated Buildings Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Global Population Propels Demand for Affordable Housing
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urbanization: Major Growth Driver
  • World Urban Population in Thousands: 1950-2050
  • Expansion in Middle Class Population Augurs Well for Future Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Prefab to Address Construction Industry's Major Problems
  • Prefabricated Houses: A Stop-Gap Solution for Emergency Housing
  • Global ‘Green Construction' Trend Augurs Well for the Prefabrication Market
  • Green Buildings Market (2021): Percentage Share Breakdown of Revenues by Construction Sector
  • Global Energy Consumption by Sector (2019)
  • Leading Factors Fostering Future Uptake of Green Building Practices among Contractors in North America: Ranked by Order of Importance
  • Growing Adoption of BIM Increases Uptake of Model Driven Prefabrication
  • 3D Printing Enhances Prefabrication Process
  • Corporate Sector Relies on Prefabricated Model for Office Space Needs
  • Educational Institutions Invest In Prefabricated Buildings
  • Prefabricated Buildings Gain Traction in Healthcare Sector
  • Industrial Enterprises Adopt Prefabricated Approach
  • Military Sector: One of the Foremost Adopters of Prefabricated Model
  • Revenue Contribution of Agricultural Sector Remains High
  • Prefabricated Model Fully Suffices the Worksite Building Needs
  • Metal Roofing Systems Sense Robust Opportunities
  • Optimally Designed Steel Framed Buildings Gain Traction
  • Public Misconceptions Hinder Widespread Adoption of Prefabricated Housing
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Prefabricated Buildings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Prefabricated Buildings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Prefabricated Buildings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Panel Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Panel Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Panel Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Skeleton Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Skeleton Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Skeleton Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Cellular Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Cellular Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Cellular Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Combined Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Combined Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Combined Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Projected Growth (%) of the US Construction Market over the Period 2016-2024 by Sector
  • Number of States Limiting the Construction Industry due to COVID-19 as of April 2020
  • US Construction Spending in US$ Billion: Jan 2012 - Jan 2021
  • Non-Residential Segment: A Key End-Use Market for Prefabricated Buildings
  • Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • US Non Residential Buildings % Change: 2019 & 2020
  • Residential Construction: An Important End-use Sector
  • Key Indicators for US Residential Construction Market
  • NAHB/Wells Fargo Housing Market Index: April 2011-April 2021
  • New Privately-Owned Housing Units (in ‘000) Authorized in Permit-Issuing Places, and Completed (April 2020 to April 2021)
CANADA
  • Market Overview
  • Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • Housing Starts in Canada in Units: Jan 2020-Oct 2020
JAPAN
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
CHINA
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Urbanization Builds Positive Impact on Prefabricated Buildings Market
  • Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities
EUROPE
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
FRANCE
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
AUSTRALIA
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Prefabricated Buildings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 272

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abtech, Inc.
  • Astron Buildings S.A.
  • BlueScope Buildings North America, Inc.
  • Kirby Building Systems, LLC
  • Lindal Cedar Homes
  • Modular Engineering Co.
  • Niko Prefab Building Systems Pvt. Ltd.
  • Par-Kut International
  • Red Sea International Company
  • Schulte Building Systems, Inc.
  • Skyline Champion Corporation
  • United Partition Systems Inc.
  • Vardhman Pre-Engineered Building System
  • WillScot Mobile Mini Holdings Corp.