The Global Prefabricated Building Market to Reach Revenues of Over $170 Billion During the Period 2020 −2025 - Market Research by Arizton

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Mar 18, 2020, 09:34 ET

CHICAGO, March 18, 2020 /PRNewswire/ -- According to Arizton's recent research report, Prefabricated Building Market - Global Outlook and Forecast 2020-2025 is expected to grow at a CAGR of around 8% during the period 2019−2025.

Key Highlights Offered in the Report:

Propelled by the growing demand in APAC countries, the global prefabricated building market is expected to register a CAGR of over 8% in terms of revenue during 2019−2025.
The growing emphasis on the development of hi-tech infrastructure in Europe is likely to generate immense opportunities for vendors operating in this region, accounting for a CAGR over 4% during the forecast period.
The residential sector offers vast incremental growth opportunities of over $33 million in terms of revenue during the forecast period.
The commercial end-users segment occupied the largest market share and is expected grow at a CAGR approximately 7% during the forecast period.
APAC emerged as the largest region occupying over 35% share of the global prefabricated building market in 2019.
The US accounted the largest share in 2019 and is expected to grow at a CAGR around 4% by 2025.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by application, material, system, and geography
Competitive Landscape – Profile of 4 key vendors and 22 other vendors

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Prefabricated Building Market – Segmentation

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.
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.
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.

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

Prefabricated Building Market – Dynamics

The APAC region dominated the global prefabricated building market in 2018. With the growing number of residential and industrial projects, the demand for prefabricated construction is increasing in the region. Prefabricated constructions are majorly used as they are often completed in 30−50% lesser time than conventional structures, thus significantly reducing the overall time and cost. The infrastructure development of rail and road projects by the Government of China has led to substantial growth in the construction industry in China. The Temburong Bridge connects Bandar Seri Begawan and the Temburong district. The bridge is 12 km long and includes a prefabricated 11.8 km long viaduct. The construction industry is dominated by government and private bodies, which increases spending on prefabricated parts in the country.

Key Drivers and Trends fueling Market Growth:

Shifting Focus: Profit, People, Planet
Increasing Demand for Branded Designers
Expansion of Prefabricated Market
Space Constraints in Big Cities

Prefabricated Building Market – 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. The establishment of special economic zones, where new corporate offices are coming up is driving market in North America. Hence, there is a dire need for alternatives to traditional construction techniques. Also, fast-paced urbanization in emerging regions and growing investor interest in the real estate sector worldwide are the other factors driving the construction industry. The Trump government is expected to raise $1.5 trillion by encouraging investments from state and local governments as well as private companies.

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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

Major Vendors

Algeco Scotsman
ATCO
Bouygues Construction
Red Sea Housing

Other vendors include - 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..

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence