Prefabricated Buildings Market Growth has Attributed To Construction Sector Expansion| Global Industry Overview With Competitive Landscape Through 2023

Global Prefabricated Buildings Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

pune, India - August 1, 2019 /MarketersMedia/ —

The global prefabricated buildings market is likely to surpass a valuation of USD 135,945.6 million, attaining a CAGR of 5.54% during the forecast period (2018-2023), Market Research Future (MRFR) unveils in a detailed analysis. Prefabricated buildings can be defined as a manufacturing process, where several building systems and materials are combined to form a larger building or onsite assembly.

The top players operating in the global prefabricated buildings market include Algeco Scotsman, Red Sea Housing Services, Champion Home Builders, Inc., Butler Manufacturing Company, Kirby Building Systems LLC, Astron Buildings, Ritz-Craft Corporation, Lindal Cedar Homes, Inc., Par-Kut International Inc., Modern Prefab Systems Pvt. Ltd., United Partition Systems Inc., and others.

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Market Potential and Pitfalls

The global prefabricated buildings market has witnessed a tectonic surge over the past few years. There is an increased awareness regarding environmental impacts from construction waste. Replacement of wet-trade activities with prefabrication is considered to be one of the waste management techniques on site. The extensive adoption of prefabrication has resulted in minimized waste generation across on-site production activities, which include timber formwork, plastering, reinforcement, and concreting. Plastering has witnessed 100% waste reduction. These factors have spiked the demand for prefabricated construction worldwide.

Governments across the world are highly focusing on developing and promoting their construction sector. Emerging nations across the globe are introducing several regulations and reforms to boost the real-estate market and infrastructure growth. This growth is further expected to accelerate the growth of the prefabricated buildings market in the long run. The government of India has declared policies like the passage of the Real Estate Act 2016, 100% deduction in profits, and the amendment to the Benami Transactions Act for affordable housing construction. These policies are predicted to augment the market growth in the coming years. The dry construction technique is considered one of the major market trends in prefabricated construction. The technique is gaining traction as it helps in the construction of houses and buildings in a shorter time, compared to houses made of brick and mortar.

On the contrary, additional cost, fluctuating prices of raw materials, the dearth of skilled labor are likely to restrict the growth in the foreseeable future.

Industry Updates

June 2019: A top provider of prefabricated systems, Clark Pacific recently announced that PARC now features PARC Configurator. It is a rapid design tool which meets the requirements and objectives of the owner-driven conceptual parking structure. The tool has been designed based on Clark Pacific's prefabrication strategies.

Global Prefabricated Buildings Market: Segmental Analysis

The prefabricated buildings market is segmented on the basis of product, application, and module type.

By product, the prefabricated buildings market is segmented into panel system, skeleton system, combined system, and cellular system. Among these, the panel system acquired the largest share in the market, with 33.21% in 2016.

By application, the prefabricated buildings market is segmented into commercial, industrial, and residential. Among these, the commercial segment acquired the largest share, surpassing a valuation of USD 36,083.2 million.

By module type, the prefabricated buildings market is segmented into kitchenette, bathroom pod, and others. Among these, bathroom pod accounted for the largest share in 2016.

Regional Frontiers

Geographically, the global prefabricated buildings market spans across Europe, North America, Asia Pacific, and Rest of the World (RoW).

Considering the global scenario, the Asia Pacific acquired the lion’s share in 2016. The region will retain its dominance due to rapid industrialization. Also, with increasing urbanized population base, coupled with the growth in spending capacity, the region is likely to gain impetus in the foreseeable future. Rapid inclination towards remote workforce accommodation administration structures, coupled with safe portable storage solutions are predicted to open new valves for the market growth. Moreover, market players are highly focusing on the usage of innovative materials, which has further generated new growth opportunities for the market.

North America will witness significant growth during the review period. The regional growth can be credited to the surging demand for multi and single-family homes, which are led by low mortgage rates.

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Scope of Report

The report for Global Prefabricated Buildings Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

List of Tables

Table 1 Market Synopsis
Table 2 Share of Top Five Countries Attracting Fdi Equity Inflows for Construction Development, 2000-2015 (Usd Million)
Table 3 India: Government Investment in Sez
Table 4 Global Prefabricated Buildings Market, by Product, 2015-2023 (Usd Million)
Table 5 Global Prefabricated Buildings Market, by Module Type, 2015-2023 (Usd Million)
Table 6 Global Prefabricated Buildings Market, by Application, 2015-2023 (Usd Million)
Table 7 Global Prefabricated Buildings Market, by Region, 2015-2023 (Usd Million)
Table 8 North America: Prefabricated Buildings Market, by Country, 2015-2023 (Usd Million)
Table 9 North America: Prefabricated Buildings Market, by Product, 2015-2023 (Usd Million)
Table 10 North America: Prefabricated Buildings Market, by Module Type, 2015-2023 (Usd Million)

Continued...........

Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Global Prefabricated Buildings Market: Drivers, Restraints and Trends
Figure 4 Fdi Inflows, Asia-pacific, 2010-2015 (Usd Billion)
Figure 5 Global Prefabricated Buildings Market: Drivers Impact Analysis
Figure 6 Global Historic and Forecasted Steel Prices, 2010-2019 (Usd/tonne)
Figure 7 Global Prefabricated Buildings Market: Barriers Impact Analysis
Figure 8 Porter's 5 Forces Analysis of Global Prefabricated Buildings Market
Figure 9 Value Chain Analysis of Global Prefabricated Buildings Market
Figure 10 Global Prefabricated Buildings Market, by Product, 2016 (in %)

Continued.......

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