Prefabricated building architecture is defined as a manufacturing process or an assembly site, in which several materials & building systems are combined to form a component or a part of larger onsite assembly or a building, where the structure is to be installed onsite. Prefabricated construction materials classified into various types such as concrete-based and metal prefabricated products.
The increase in the global foreign direct investment (FDI) inflows is expected to boost the target market growth. For instance, as per the U.S Economic & Social Commission for APAC, it was valued at US$ 1.76 trillion in the year 2015. This amounted for 38% increase as compared to 2014. The growing FDI inflow was more prominent in developed countries, which received US$ 962 billion in the year 2015, which is 84% more than in 2014. This along with foreign direct investment in retail has pushed the number of construction projects in the Asia Pacific region.
The governments across the all regions are seen promoting & developing their construction sector. The emerging countries are the ones that are particularly bringing various reforms & regulations to propel their infrastructure growth & real-estate market. Such factors are expected to accelerate the global prefabricated building market growth. The government of India announced some major policy initiatives like passage of the Real Estate Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable construction which is expected to drive the market growth.
Fluctuations in raw material prices, additional cost are the major challenging factors which expected to hamper the global prefabricated building market growth. Also, lack of skilled labor may hinder the market growth during this forecast period.
The Global Prefabricated Building Market is segmented into product such as Skeleton System, Panel System, Combined System, and Cellular System, by module type such as Bathroom Pods, Kitchenette, and Others. Further, market is segmented into application such as Industrial, Commercial, and Residential.
Also, the is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific dominated the global prefabricated construction market in the year 2016. It is also anticipated to be the fastest growing region for the prefabricated construction. The rise in industrialization, increasing urbanized population, and growth in spending capacity are the driving the growth of the market in Asia-Pacific region.
Some companies are listed in this report such as Algeco Scotsman, Butler Manufacturing Company, Champion Home Builders, Inc., Red Sea Housing Services, Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Inc., Modern Prefab Systems Pvt. Ltd., Par-Kut International Inc., United Partition Systems Inc., Ritz-Craft Corporation, etc.
Market Drivers
The increase in the global foreign direct investment (FDI) inflows is expected to boost the target market growth. For instance, as per the U.S Economic & Social Commission for APAC, it was valued at US$ 1.76 trillion in the year 2015. This amounted for 38% increase as compared to 2014. The growing FDI inflow was more prominent in developed countries, which received US$ 962 billion in the year 2015, which is 84% more than in 2014. This along with foreign direct investment in retail has pushed the number of construction projects in the Asia Pacific region.
The governments across the all regions are seen promoting & developing their construction sector. The emerging countries are the ones that are particularly bringing various reforms & regulations to propel their infrastructure growth & real-estate market. Such factors are expected to accelerate the global prefabricated building market growth. The government of India announced some major policy initiatives like passage of the Real Estate Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable construction which is expected to drive the market growth.
Market Restraints
Fluctuations in raw material prices, additional cost are the major challenging factors which expected to hamper the global prefabricated building market growth. Also, lack of skilled labor may hinder the market growth during this forecast period.
Market Segmentation
The Global Prefabricated Building Market is segmented into product such as Skeleton System, Panel System, Combined System, and Cellular System, by module type such as Bathroom Pods, Kitchenette, and Others. Further, market is segmented into application such as Industrial, Commercial, and Residential.
Also, the is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
The Asia-Pacific dominated the global prefabricated construction market in the year 2016. It is also anticipated to be the fastest growing region for the prefabricated construction. The rise in industrialization, increasing urbanized population, and growth in spending capacity are the driving the growth of the market in Asia-Pacific region.
Market Key Players
Some companies are listed in this report such as Algeco Scotsman, Butler Manufacturing Company, Champion Home Builders, Inc., Red Sea Housing Services, Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Inc., Modern Prefab Systems Pvt. Ltd., Par-Kut International Inc., United Partition Systems Inc., Ritz-Craft Corporation, etc.
Market Taxonomy
By Product
- Skeleton System
- Panel System
- Combined System
- Cellular System
By Module Type
- Bathroom Pods
- Kitchenette
- Others
By Application
- Industrial
- Commercial
- Residential
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Prefabricated Building Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Prefabricated Building Market
What is the estimated value of the Global Prefabricated Building Market?
What is the growth rate of the Global Prefabricated Building Market?
What is the forecasted size of the Global Prefabricated Building Market?
Who are the key companies in the Global Prefabricated Building Market?
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | October 2021 |
Forecast Period | 2017 - 2027 |
Estimated Market Value ( USD
| USD 130.7 billion |
Forecasted Market Value ( USD
| USD 165.23 billion |
Compound Annual Growth Rate | 2.4% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Prefabricated Building Market Outlook
5 Global Prefabricated Building Market, By Product
6 Global Prefabricated Building Market, By Module Type
7 Global Prefabricated Building Market, By Application
8 Global Prefabricated Building Market, By Region
9 North America Prefabricated Building Market Analysis and Forecast (2020-2027)
10 Europe Prefabricated Building Market Analysis and Forecast (2020-2027)
11 Asia Pacific Prefabricated Building Market Analysis and Forecast (2020-2027)
12 Latin America Prefabricated Building Market Analysis and Forecast (2020-2027)
13 Middle East Prefabricated Building Market Analysis and Forecast (2020-2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- Algeco Scotsman
- Butler Manufacturing Company
- Champion Home Builders Inc.
- Red Sea Housing Services
- Astron Buildings
- Kirby Building Systems LLC
- Lindal Cedar Homes Inc.
- Modern Prefab Systems Pvt. Ltd.
- Par-Kut International Inc.
- United Partition Systems Inc.
- Ritz-Craft Corporation