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Prefabricated Building Market - Global Outlook and Forecast 2020-2025

  • ID: 5011317
  • Report
  • April 2020
  • Region: Global
  • 281 pages
  • Arizton
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until Dec 31st 2020
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The prefabricated building market is expected to grow at a CAGR of over 8% during the period 2019–2025.

The prefabricated building market is likely to grow significantly due to the rise in infrastructure development and the growth in residential and commercial sectors. Prefab houses are affordable and can be built in less time, which is expected to positively influence the market in the APAC region due to the growing middle-class population and rapid urbanization. Prefab buildings are energy-efficient and high on sustainability. The increasing awareness of construction wastage on the environment has driven people worldwide to adopt the green buildings concept, which is expected to bolster the market, especially in developed regions. Government-sponsored initiatives in developing countries to provide affordable houses in less time is another major factor affecting growth.

Prefabricated construction provides structural strength that allows buildings to withstand earthquakes. Hence, prefab buildings are likely to generate demand from seismic-sensitive countries such as Japan, China, Iran, Indonesia, Turkey, Mexico, and Nepal.

The following factors are likely to contribute to the growth of the prefabricated building market during the forecast period:
  • Mass Township Projects
  • Shifting Focus: Profit, People, planet
  • Increase in Demand for Branded Designers
  • Expansion of Prefabricated Market
  • Big Opportunity in Developing Countries
The study considers the present scenario of the prefabricated building market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

Prefabricated Building Market: Segmentation

This research report includes a detailed segmentation by application, material, system, and geography. Increasing commercial spaces such as shopping malls, trade centers, and office spaces are expected to drive the prefabricated building market. The high investment by key players in their product portfolio due to the building’s faster construction methodologies are likely to drive the commercial segment. The application of prefabricated buildings can substantially reduce costs and construction time. These factors are expected to drive government agencies to implement such constructions in cities, states, and municipalities that meet applicable building codes. These types of buildings are proven to be as durable as traditional ones and designed to withstand the heavy daily use of public facilities.

The application of precast concrete and concrete block is predominantly used in prefabricated buildings owing to its strength and durability. Concrete provides a thermal barrier allowing heat to escape a structure and help to increase the energy efficiency of the entire framework. The benefits offered by concrete material used in such buildings are likely to boost the demand for prefabricated buildings. Wood-based products such as engineered joists, columns, and wall and floor structures offer increased strength and are lightweight. These wood-based products weigh less, which helps in increasing the simplicity of shipping and recyclability, which is likely to stimulate the demand for prefab wooden houses.

Cellular systems play a vital role in the development of multidimensional structures. These systems are predominantly used for constructing cells that provide isolation in buildings. As the market of prefabrication is rapidly growing, the application of cellular systems is likely to be widely taken in use, which is expected to fuel the market growth during the forecast period. The demand for panel systems is expected to increase on account of its unique offerings such as accelerated construction time, high thermal efficiency, and low labor costs. However, these systems are expensive and have high capital costs, but long-term savings can balance these costs from reduced energy costs. Skeletal frameworks are primarily used for structures that are relatively low-risk and do not have several partitions. The application of such frameworks is majorly used in large-scale car parking and commercial buildings built with frames. With the rapid growth of urbanization and increasing construction of commercial spaces worldwide are likely to boost the demand for skeletal systems.

Market Segmentation by Application
  • Residential
  • Non-Residential
  • Commercial Buildings
  • Hospitality
  • Government
  • Education
  • Others
Market Segmentation by Material
  • Steel
  • Concrete
  • Wood
  • Others
Market Segmentation by System
  • Skeleton
  • Panel
  • Cellular
  • Combined
  • Others
Insights by Geography

In North America, the productivity of several construction projects has slowed down due to a labor shortage. Hence, companies are expected to utilize prefabricated construction to complete the project faster. The use of additive manufacturing made using energy-absorbing materials such as micro homes is likely to bolster the industry growth in the region. Further, fast-paced urbanization in emerging areas of the region and growing investment in the real estate sector are other factors driving growth. In Europe, the market is expected to grow at a moderate rate as people increasingly focus on readymade solutions for prefab houses that match their criteria. Acceptance of the manufacturing form, consent processes, durability, and low cost are primary factors expected to boost the demand for such buildings.

Moreover, the use of eco-friendly materials in developing high-quality structures is likely to influence the market positively. The prefabricated construction industry in APAC is expected to grow significantly in the next five years. The concept of affordable housing with high sustainability is likely to be increasingly adopted by the growing middle-class population in APAC. Moreover, government initiatives in several countries such as Singapore, China, India, Hongkong, and Pakistan are expected to drive market growth in the region.

Market Segmentation by Geography

APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
North America
  • US
  • Canada
Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic
MEA
  • Saudi Arabia
  • UAE
  • South Africa
Latin America
  • Mexico
  • Brazil
  • Argentina
Insights by Vendors

The prefabricated building market is highly fragmented, with several local and international players in the market. The competition among these players is intense. The rapidly changing technological environment is expected to adversely affect vendors as customers expect continual innovations and upgrades in construction. The present scenario is driving vendors to alter and refine their unique value proposition to achieve a strong industry presence. The market concentration in developed countries such as the US and Western European countries is high. At the same time, the industry is in its nascent stage in developing economies such as China and India. The competition between vendors exists on the basis of offerings and pricing. The competition is expected to intensify further with an increase in product extensions, technological innovations, and M&A. Leading international players are likely to expand their presence, especially in the fast-developing countries in APAC and Latin America, to gain more share. Besides, improving global economic conditions is likely to fuel the growth of the market.

Key Vendors
  • Algeco Scotsman
  • ATCO
  • Bouygues Construction
  • Red Sea Housing
Other Vendors
  • 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.
Key Market Insights
The analysis of the prefabricated building market provides market sizing and growth opportunities for the period 2020–2025.
  • Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
  • Includes a detailed analysis of drivers, challenges, and investment opportunities in the industry.
  • Delivers a complete overview of segments and the regional outlook of the prefabricated building market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain a competitive advantage in the market.
Note: Product cover images may vary from those shown
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1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segmentation
4.4.1 Market Segmentation by Application
4.4.2 Market Segmentation by Material
4.4.3 Market Segmentation by System
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Market Overview
7.2 Pricing Analysis: Conventional Vs Prefabricated Buildings
7.2.1 Cost of Construction of Conventional Structures in Indian Railways
7.2.2 Cost of Construction using Prefabricated Structures

8 Market Growth Enablers
8.1 Use in Mass Township Projects
8.2 Shifting Focus: Profit, People, Planet
8.3 Increasing Demand for Branded Designers

9 Market Growth Restraints
9.1 High Initial Investment
9.2 Political Turbulences in Key Markets
9.3 Lack of Awareness

10 Market Opportunities & Trends
10.1 Expansion of Prefabricated Market
10.2 Space Constraints in Big Cities
10.3 Large Opportunity in Developing Countries

11 Value Chain Analysis
11.1 Value Chain Overview
11.1.1 Overview
11.1.2 Raw Material Suppliers
11.1.3 Manufacturers
11.1.4 Distributors/Dealers
11.1.5 End-users

12 Market Landscape
12.1 Market Overview
12.1.1 Historical Data 2017−2018
12.1.2 Market Size & Forecast 2019−2025
12.1.3 Market by Geography
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 Application
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14 Residential Prefabricated Buildings
14.1 Market Size & Forecast
14.2 Market by Geography

15 Non-Residential Prefabricated Buildings
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Commercial
15.3.1 Market Size & Forecast
15.3.2 Market by Geography
15.4 Hospitality
15.4.1 Market Size & Forecast
15.4.2 Market by Geography
15.5 Government
15.5.1 Market Size & Forecast
15.5.2 Market by Geography
15.6 Education
15.6.1 Market Size & Forecast
15.6.2 Market by Geography
15.7 Other Sectors
15.7.1 Market Size & Forecast
15.7.2 Market by Geography

16 Material
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Steel
16.3.1 Market Size & Forecast
16.3.2 Market by Geography
16.4 Concrete
16.4.1 Market Size & Forecast
16.4.2 Market by Geography
16.5 Wood
16.5.1 Market Size & Forecast
16.5.2 Market by Geography
16.6 Other Materials
16.6.1 Market Size & Forecast
16.6.2 Market by Geography

17 System
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Skeleton System
17.3.1 Market Size & Forecast
17.3.2 Market by Geography
17.4 Panel System
17.4.1 Market Size & Forecast
17.4.2 Market by Geography
17.5 Cellular System
17.5.1 Market Size & Forecast
17.5.2 Market by Geography
17.6 Combined System
17.6.1 Market Size & Forecast
17.6.2 Market by Geography
17.7 Other Systems
17.7.1 Market Size & Forecast
17.7.2 Market by Geography

18 Distribution Channel
18.1 Market Overview
18.1.1 Manufacture, Production, & Distribution
18.1.2 Distribution through Retail
18.1.3 Distribution through Online Websites

19 Geography
19.1 Market Snapshot & Growth Engine
19.2 Market Overview

20 North America
20.1 Market Overview
20.1.1 Historic Data 2017−2018
20.2 PEST Analysis
20.2.1 Political
20.2.2 Economic
20.2.3 Social
20.2.4 Technology
20.3 Market Size & Forecast
20.4 Market by Application
20.4.1 Market Size & Forecast
20.5 Market by Material
20.5.1 Market Size & Forecast
20.6 Market by System
20.6.1 Market Size & Forecast
20.7 Key Countries
20.7.1 Market Snapshot & Growth Engine
20.8 US
20.8.1 Market Size & Forecast
20.9 Canada
20.9.1 Market Size & Forecast

21 Europe
21.1 Market Overview
21.1.1 Historic Data 2017−2018
21.2 PEST Analysis
21.2.1 Political
21.2.2 Economic
21.2.3 Social
21.2.4 Technology
21.3 Market Size & Forecast
21.4 Market by Application
21.4.1 Market Size & Forecast
21.5 Market by Material
21.5.1 Market Size & Forecast
21.6 Market by System
21.6.1 Market Size & Forecast
21.7 Key Countries
21.7.1 Market Snapshot & Growth Engine
21.8 UK
21.8.1 Market Size & Forecast
21.9 Germany
21.9.1 Market Size & Forecast
21.10 France
21.10.1 Market Size & Forecast
21.11 Italy
21.11.1 Market Size & Forecast
21.12 Spain
21.12.1 Market Size & Forecast
21.13 Nordic
21.13.1 Market Size & Forecast

22 APAC
22.1 Market Overview
22.1.1 Historic Data: 2017−2018
22.2 PEST Analysis
22.2.1 Political
22.2.2 Economic
22.2.3 Social
22.2.4 Technology
22.3 Market Size & Forecast
22.4 Market by Application
22.4.1 Market Size & Forecast
22.5 Market by Material
22.5.1 Market Size & Forecast
22.6 Market by System
22.6.1 Market Size & Forecast
22.7 Key Countries
22.7.1 Market Snapshot & Growth Engine
22.8 China
22.8.1 Market Size & Forecast
22.9 India
22.9.1 Market Size & Forecast
22.10 Japan
22.10.1 Market Size & Forecast
22.11 Australia
22.11.1 Market Size & Forecast
22.12 South Korea
22.12.1 Market Size & Forecast

23 Middle East & Africa
23.1 Market Overview
23.1.1 Historical Data 2017−2018
23.2 PEST Analysis
23.2.1 Political
23.2.2 Economic
23.2.3 Social
23.2.4 Technology
23.3 Market Size & Forecast
23.4 Market by Application
23.4.1 Market Size & Forecast
23.5 Market by Material
23.5.1 Market Size & Forecast
23.6 Market by System
23.6.1 Market Size & Forecast
23.7 Key Countries
23.7.1 Market Snapshot & Growth Engine
23.8 Saudi Arabia
23.8.1 Market Size & Forecast
23.9 UAE
23.9.1 Market Size & Forecast
23.10 South Africa
23.10.1 Market Size & Forecast

24 Latin America
24.1 Market Overview
24.1.1 Historical Data: 2017−2018
24.2 PEST Analysis
24.2.1 Political
24.2.2 Economic
24.2.3 Social
24.2.4 Technology
24.3 Market Size & Forecast
24.4 Market by Application
24.4.1 Market Size & Forecast
24.5 Market by Material
24.5.1 Market Size & Forecast
24.6 Market by System
24.6.1 Market Size & Forecast
24.7 Key Countries
24.7.1 Market Snapshot & Growth Engine
24.8 Mexico
24.8.1 Market Size & Forecast
24.9 Brazil
24.9.1 Market Size & Forecast
24.10 Argentina
24.10.1 Market Size & Forecast

25 Competitive Landscape
25.1 Market Overview

26 Key Company Profiles
26.1 Algeco Scotsman
26.1.1 Business Overview
26.1.2 Different Subsidiary of Algeco Scotsman
26.1.3 Algeco Scotsman in Prefabricated Building Market
26.1.4 Major Product Offerings
26.1.5 Key Strengths
26.1.6 Key Strategies
26.1.7 Key Opportunities
26.2 ATCO
26.2.1 Business Overview
26.2.2 ATCO in Prefabricated Building Market
26.2.3 Major Product Offerings
26.2.4 Key Strengths
26.2.5 Key Strategies
26.2.6 Key Opportunities
26.3 Bouygues Construction
26.3.1 Business Overview
26.3.2 Bouygues Construction in Prefabricated Building Market
26.3.3 Major Product Offerings
26.3.4 Key Strengths
26.3.5 Key Strategies
26.3.6 Key Opportunities
26.4 Red Sea Housing
26.4.1 Business Overview
26.4.2 Red Sea Housing in Prefabricated Building Market
26.4.3 Major Product Offerings
26.4.4 Key Strengths
26.4.5 Key Strategies
26.4.6 Key Opportunities

27 Other Prominent Vendors
27.1 ABTECH
27.1.1 Business Overview
27.1.2 Key Strengths
27.2 Alta-Fab Structures
27.2.1 Business Overview
27.2.2 Key Strengths
27.3 Art’s Way Manufacturing
27.3.1 Business Overview
27.3.2 Key Strengths
27.4 Astron (Lindab Group)
27.4.1 Business Overview
27.4.2 Key Strengths
27.5 CHAMPION HOME BUILDERS
27.5.1 Business Overview
27.5.2 Key Strengths
27.6 CIMC Modular Building Systems Holding
27.6.1 Business Overview
27.6.2 Key Strengths
27.7 Clayton Homes
27.7.1 Business Overview
27.7.2 Key Strengths
27.8 Dubox (Amana Group Company)
27.8.1 Business Overview
27.8.2 Key Strengths
27.9 Fleetwood Australia
27.9.1 Business Overview
27.9.2 Key Strengths
27.10 Guerdon Enterprises
27.10.1 Business Overview
27.10.2 Key Strengths
27.11 Hickory Group
27.11.1 Business Overview
27.11.2 Key Strengths
27.12 Horizon North Logistics
27.12.1 Business Overview
27.12.2 Key Strengths
27.13 KATERRA
27.13.1 Business Overview
27.13.2 Key Strengths
27.14 Kirby Building Systems (Alghanim Industries)
27.14.1 Business Overview
27.14.2 Key Strengths
27.15 Kleusberg Gmbh & Co. Kg
27.15.1 Business Overview
27.15.2 Key Strengths
27.16 Koma Modular
27.16.1 Business Overview
27.16.2 Key Strengths
27.17 Laing O’rourke
27.17.1 Business Overview
27.17.2 Key Strengths
27.17.3 Key Strategies
27.18 Lendlease Corporation
27.18.1 Business Overview
27.18.2 Key Strengths
27.18.3 Key Strategies
27.19 Lindal Cedar Homes
27.19.1 Business Overview
27.19.2 Key Strengths
27.20 Modern Prefab Systems
27.20.1 Business Overview
27.20.2 Key Strength
27.21 Modular Engineering
27.21.1 Business Overview
27.21.2 Key Strength
27.22 NIKO Prefab Building Systems
27.22.1 Business Overview
27.22.2 Key Strengths

28 Report Summary
28.1 Key Takeaways
28.2 Strategic Recommendations

29 Quantitative Summary
29.1 Market By Geography
29.1.1 Global
29.2 North America
29.2.1 Application
29.2.2 Material
29.2.3 System
29.3 Europe
29.3.1 Application
29.3.2 Material
29.3.3 System
29.4 APAC
29.4.1 Application
29.4.2 Material
29.4.3 System
29.5 Middle East & Africa
29.5.1 Application
29.5.2 Material
29.5.3 System
29.6 Latin America
29.6.1 Application
29.6.2 Material
29.6.3 System
29.7 Application
29.7.1 Global
29.7.2 Residential
29.7.3 Non-residential: Commerical Buildings
29.7.4 Non-residential: Hospitality
29.7.5 Non-residential: Government
29.7.6 Non-residential: Education
29.7.7 Non-residential: Other
29.8 Material
29.8.1 Global
29.8.2 Steel
29.8.3 Concrete
29.8.4 Wood
29.8.5 Other
29.9 System
29.9.1 Global
29.9.2 Skeleton
29.9.3 Panel
29.9.4 Cellular
29.9.5 Combined
29.9.6 Other

30 Appendix
30.1 Abbreviations
Note: Product cover images may vary from those shown
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  • Algeco Scotsman
  • ATCO
  • Bouygues Construction
  • Red Sea Housing
  • 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.
Note: Product cover images may vary from those shown
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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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