China Prefabricated Construction Market Outlook 2020-2025

China Prefabricated Construction Market Analysis 2020-2025

The China prefabricated construction market is anticipated to grow with a CAGR of 6.05% over the forecast period, i.e., 2021 - 2025. Factors such as the growing population in the nation, and the need for shelter, along with the numerous benefits associated with the use of prefabricated construction structures, such as low construction wastage, less construction time, and the need for moderately skilled workers instead of highly skilled masons, are anticipated to contribute to the market growth. Additionally, factors such as the increasing favorable initiatives of the government of the nation in promoting the real estate industry, and the growing advancements in the field of construction, are also anticipated to contribute to the market growth in the coming years. The China prefabricated construction market is estimated to garner a revenue of close to USD 43950 Million by 2025, up from a revenue of around USD 33660 Million in the year 2020.

The China prefabricated construction market is segmented into numerous segments, which include segmentation by type, component type, material, and by end-use industry. By type, the market is segmented into elemental construction, permanent modular buildings, and relocatable buildings. The permanent modular buildings segment, out of all the other segments, anticipated to garner the largest revenue of about USD 25490 Million by the end of 2025. Moreover, in the year 2020, the segment generated a revenue of near to USD 19770 Million.

Some of the prominent industry leaders in the China prefabricated construction market that are included in our report are SANY Group, China Saite Group Company Limited, China Railway Prefabricated Construction Co., Ltd., Hangxiao Steel Structure Co., Ltd., Zhejiang Putian Integrated Housing Co., Ltd., Atlantic Modular System Ltd., Shaanxi Construction Engineering Group Corporation, Shenyang Yuanda Enterprise Group, BROAD Group, Zhejiang Taige Integrated Housing Co. Ltd, and others.