Prefabricated Buildings Industry Market – Size, Outlook, Trends and Forecast (2024

Prefabricated Buildings Industry Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Prefabricated Buildings or structures are frames, modular structures, or assembly of parts and components which are used in construction industry. Various Types of pre-fabricated systems include panel systems, skeleton systems, cellular systems, and combined systems. Skeleton systems include structural elements such as columns, beams, and roofing elements. Panel systems include wall or flexible partition elements, cellular systems include three-dimensional structures, whereas combined systems include a combination of the system mentioned above types. These systems are generally designed based on load-bearing requirements and applications such as residential, commercial, or industrial. Various types of materials used for manufacturing of these systems include wooden panels, metal panels, plastics, composites, glass, and other reinforced plastics.

Global Prefabricated Buildings Industry Market Segments Size & Growth:

Global prefabricated buildings industry market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include the establishment of special economic zones where new corporate offices are coming up, need for convenient alternatives to conventional construction techniques, fast-paced urbanisation in emerging regions, and growing investor interest in the real estate sector worldwide. However, durability issues and lack of proper financing options for the prefabricated living spaces are thereby hampering the market growth.

Global Prefabricated Buildings Industry Market Segments Share:

Global prefabricated buildings industry market is categorized into Structure Type

Prefabricated Buildings Industry Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

which comprises of Assembled and Un-Assembled. On the basis of Material type, the market is segmented into Concrete, Glass, Metal, Timber, Architectural structures, and Others. Among them, Timber segment holds the most significant share in the market. On basis of Unit size, the market is segmented into small, and large. On basis of Applications, the market is segmented into Residential, Commercial, and Industrial. Among them, Residential segment holds the largest share because of increasing population and, need for convenient alternatives to conventional construction techniques. On the basis of Geography, Asia-Pacific is projected to dominate the market with the largest share of 67% and the growth in the Asia-Pacific economies is mainly attributed because of economic growth and steady rate of urbanization in emerging economies such as China, India, and Indonesia.

Global Prefabricated Buildings Industry Market Trends:

The commercial use of additive manufacturing is expected to lend a large growth opportunity to the global prefabricated building systems

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Prefabricated Buildings Industry Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

market. Already, companies are using novel materials and manufacturing techniques to differentiate their offerings from their competitors’. The thrust on energy efficiency has led to the adoption of new designs and concepts, such as micro homes made using energy-absorbing materials.

However, there are perceptions among consumers that prefabricated buildings are not as strong as those constructed from the ground up at the actual site. Companies are working to change this perception by introducing new

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