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Scandinavia Prefabricated Housing Market - Growth, Trends, COVID-19 Impact and Forecasts (2021 - 2026)

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    Report

  • 150 Pages
  • July 2021
  • Region: Denmark, Norway, Sweden
  • Mordor Intelligence
  • ID: 5394138

Scandinavia's prefabricated housing market is estimated to grow at a CAGR of approximately 4.5% during the forecast period. The market is driven by the government’s plans to upgrade infrastructure. Emerging trends, which directly impact the dynamics of the prefabricated housing industry, include increased usage of cigarette butt bricks in the prefabricated housing industry and increased usage of fly-ash in concrete in prefabricated housing.



The COVID-19 pandemic in 2020 plunged the global economy into recession and led to declines in prefabricated housing construction in Scandinavia, as lockdown measures and the need to adjust construction practices to accommodate greater social distancing stopped or slowed projects in Scandinavia. Prefabricated housing is the growing sector in the prefabricated buildings market as prefabricated houses can be easily moved without dismantling and are placed on steel chassis with wheels. Within the prefabricated housing market, residential end-use will remain the largest end-use segment over the forecast period. As people generally build their own houses to live in it for an indefinite time so residential end-use will remain the largest segment.



Key Market Trends


Demand of Prefabricated Houses is Increasing in Sweden



Sweden is widely regarded as a leading country of offsite manufacturing, leading the world in terms of the sheer number of panelized single dwelling residences, which represent over 80 percent of the country’s overall housing market. Sweden has the world’s highest percentage of factory-built wooden houses in the world, mainly using closed wall panels and the trend is set to continue, with contemporary market stressors providing grist to the prefab mill.



Sweden is currently undergoing a major building boom; with skills shortages in traditional construction trades placing further pressure on the sector, prefab houses are in high demand. Among the myriad influences that have led to Sweden’s dominance of the offsite space in terms of skills, expertise, and industry structure, the most frequently cited factors are the country’s abundance of slow-growing, premium quality timber and its uniquely challenging climatic conditions.



Increase in Norway Prefabricated Housing Demand



Norway is located in Northern Europe, where it borders Sweden, Finland, and Russia. The urban population in Norway is increasing. Today, over 80% of Norway's population lives in the cities, and the number is increasing. Oslo is one of Europe's fastest-growing cities, and the population is expected to rise by 30% in 2030. Due to the rising urban population, there is an increase in demand for prefabricated houses in the country. Many people are demanding prefabricated houses because of low cost and the less built time as compared to on-site built houses.



In 2020, Norway's population increased by approximately 0.59 percent compared to the previous year. The highest number of urban residents can be found in the country’s capital, Oslo, with approximately 660,000 Norwegians living there. The statistic shows the degree of urbanization in Norway from 2017 to 2020. Urbanization means the share of the urban population in the total population of a country. In 2020, 82.97 percent of Norway's total population lived in urban areas and cities.



Competitive Landscape


Scandinavia's prefabricated housing market is highly competitive with none of the players occupying the major share due to the trends of progressed urbanization and updated economic outlook. The market is fragmented, and it is expected to grow during the forecast period. In the Scandinavia region, in many advanced countries like Norway, Sweden, and Denmark several prefabricated building types have flourished. Some companies are making direct investments in housing construction through joint ventures or partnerships. Major players are Peab AB, Derome AB, Martinson Group AB, Lindbacks, and Trivselhus AB.



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Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Insights on Supply Chain/Value Chain Analysis of the Prefabricated Housing Industry
4.4 Cost Structure Analysis of the Prefabricated Housing Industry
4.5 Impact of COVID-19 on the Market
4.6 Insights on Different Types of Materials used in Prefabricated Housing Construction
5 MARKET DYNAMICS
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers / Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6 MARKET SEGMENTATION
6.1 By Type
6.1.1 Single Family
6.1.2 Multi Family
6.2 By Country
6.2.1 Sweden
6.2.2 Norway
6.2.3 Denmark
6.2.4 Rest of Scandinavia
7 COMPETITIVE LANDSCAPE
7.1 Overview
7.2 Company Profiles
7.2.1 Peab AB
7.2.2 Derome AB
7.2.3 Martinson Group AB
7.2.4 Lindbacks
7.2.5 Trivselhus AB
7.2.6 Gotenehus AB
7.2.7 Alvsbyhus AB
7.2.8 Anebyhusgruppen AB
7.2.9 Eksjohus AB
7.2.10 A-House*
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
9 APPENDIX
9.1 Marcroeconomic Indicators (GDP breakdown by sector, Contribution of construction to economy, etc.)
9.2 Key Production, Consumption,Exports & import statistics of construction Materials

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Peab AB
  • Derome AB
  • Martinson Group AB
  • Lindbacks
  • Trivselhus AB
  • Gotenehus AB
  • Alvsbyhus AB
  • Anebyhusgruppen AB
  • Eksjohus AB
  • A-House*

Methodology

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