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The prefabricated building systems market was estimated at around USD 11.9 billion in 2021, growing at a CAGR of nearly 5.5% during 2022-2030. The market is projected to reach approximately USD 19.3 billion by 2030.
Prefabricated construction methods often include modular components such frames, panels, doors, walls, and windows. Prefabricated systems are widely employed in industrialized nations for a variety of construction projects, including the construction of homes and offices as well as industrial structures. But due to their affordability, prefabricated building options are now being used in less developed countries. These systems may be built in a shorter amount of time and with less material because they are prefabricated. By accelerating the construction process, prefabricated building solutions reduce the cost of repeatedly delivering supplies and labor to the construction site. The development of good structural structures that can endure extreme weather conditions is a focus for businesses in this field, thus the use of prefabricated construction systems has only grown.
Prefabricated building systems can be found as skeleton systems, panel systems, integrated systems, or cellular systems. A prefabricated panel system often consists of ready-to-use parts such cellular systems, flexible partition elements, and other sorts of three-dimensional constructions. A skeleton system, in contrast, consists of supporting elements like beams and columns as well as parts for the roof. A mixture of one or more of these systems is present in combined prefabricated building systems. Prefabricated building systems can be made of steel, composites, fiber, wood, glass, and other materials.
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The COVID-19 pandemic has severely hampered construction projects all over the world. The scarcity of raw materials has caused industrial enterprises to encounter a variety of challenges. This is due to the supply chain disruption caused by the implementation of lockdown in numerous nations throughout the world. Additionally, construction contracts had been terminated, which slowed the expansion of the market for prefabricated structures. In addition to supply chain interruptions, market expansion has also been hampered by the termination of cost management agreements and a shortage of supplies and subcontractors. Additionally, building and construction activities have been temporarily halted. The demand for prefabricated building systems has decreased dramatically due to the decline in building and construction activity, which has had a considerable negative influence on market growth.
More government initiatives supporting the expansion of the construction industry to accelerate the market’s growth
In nations like Singapore and India, where governments are investing extensively in boosting the building and construction sector, the business is booming. The Australian Trade and Investment Commission estimates that Singapore spends at least USD 2 billion a month on public infrastructure. Additionally, the Dutch construction industry is growing thanks to the government's program for a circular economy, which aims to create a circular economy in the country by 2050. Furthermore, due to different government efforts like Foreign Direct Investments, the building and construction industries are also expanding (FDI). Prefabricated building systems are widely employed in the construction of both residential and non-residential structures because they have several advantages, including being environmentally friendly, flexible, causing less site disruption, and cost savings. Therefore, it is anticipated that demand for prefabricated building systems like ventilated thermal panels will expand significantly as construction activity increases globally. As a result, such government initiatives and investments in the building sector serve as a market driver.
Numerous benefits of prefabricated building systems
Time and cost are two factors related to building operations that have long been viewed as a barrier to the industry's expansion in many emerging economies. Overcoming this restriction has been one of the main challenges for many significant building enterprises across the world. The prefabricated building system is one of the primary remedies for these issues. Prefabricated building technologies can reduce construction time by 30 to 50 percent today's market and provide an alternative. Since fewer workers are needed for the on-site procedures, the system is economical. Another unintended consequence of the process' reduced on-site activity is the significantly smaller amount of garbage that is generated. Because of these benefits, prefabricated building system activities are growing in popularity in the construction sector. Moreover, prefabricated construction systems are praised for their energy efficiency and environmentally friendly design. Calcium oxide-based conventional construction techniques call for additional materials that increase waste. However, it is conceivable to recycle extra bulking agent materials on-site when prefabricated sub-assemblies are constructed in a factory. When it comes to dumping waste at a landfill directly from a typical building site, this is a significant difference. The market for prefabricated building systems is therefore driven by the numerous benefits of employing these systems.
Prefabricated Building Systems Market: Segmentation Analysis
The prefabricated building systems market is segmented into the product type, and end use industry. Based on product type, the market for panel systems segment is estimated to lead the market during the forecast period. Due to the superior qualities it offers, such as quick production times, simple services of transportation and installation, adaptable designs, easy re-location, can be used in any kind of environmental conditions, and more, the demand for panel systems like ventilated thermal panel is increasing in both the residential and non-residential sectors. The vented thermal panel (VTP) based wall and roof solution additionally provides homeowners and builders with a quicker and more energy-efficient structure. Prefabricated construction solutions also eliminate costly material overruns and delays brought on by inclement weather and material shortages. They also dramatically lower on-site waste management expenses. Therefore, it is expected that the wide features of panel systems would increase the use of prefabricated building systems over the projection period.
By end use industry, the commercial segment is anticipated to dominant the prefabricated building systems market during the forecast period. This is because prefabricated building technologies are being used more frequently in the commercial sector. Construction projects involving highways, railroads, mining, hydropower, petroleum, tourism, and military facilities like offices, lodging, canteens, recreation areas, and gyms frequently employ prefabricated building technologies. As prefabrication requires less time than traditional building, it is frequently employed in these applications. This is due to more thorough planning up front, the removal of site-specific weather concerns, reduced scheduling conflicts with subcontractors, and quicker fabrication because numerous sections may be built at once.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 5.5% |
| Segments Covered |
By Product Type |
Throughout the projection period, Asia-Pacific is expected to stay one of the most alluring markets, and this region accounts for the majority revenue share in the market. This is due to the region's thriving commercial construction industry. China is likewise aiming to move away from massive infrastructure projects and toward smaller-scale initiatives. According to the 13th Five-Year Plan (FYP), initiatives like water supply and treatment facilities, road improvements, urban metro systems, and public parks are intended to lessen traffic and pollution, renovate dilapidated housing, and promote the growth of small and medium-sized cities. To increase capacity at the nation's No. 2 gateway for international flights, Japan's Kansai International Airport plans to invest nearly 100 billion yen ($11 million) through 2025 to rebuild the larger terminal. The Indian government has also made it a priority to expand regional airports, enhance regional connectivity, and lower the cost of air travel. Under the Center's Udan concept, the Union Budget, which was announced in February 2020, suggested building 100 new airports by 2024 to assist with rising air traffic. As a result, it is projected that the need for prefabricated building systems would increase along with the booming commercial construction industry, which will ultimately fuel the prefabricated building systems market expansion in the Asia Pacific during the forecast period.
The global Prefabricated building systems market is segmented as follows:
By Product Type
By End Use Industry
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By End Use Industry
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. More government initiatives supporting the expansion of the construction industry to accelerate the market’s growth
5.2.2. Numerous benefits of prefabricated building systems will drive the market
5.3. Restrains
5.3.1. Transportation Issues would hamper the market
5.4. Opportunities
5.4.1. Commercial need give opportunity to new players
6. Global Prefabricated Building Systems Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Skeleton Systems
6.3. Panel Systems
6.4. Cellular Systems
6.5. Combined Systems
6.6. Others
7. Global Prefabricated Building Systems Market Analysis and Forecast, By End Use Industry
7.1. Segment Overview
7.2. Residential
7.3. Commercial
7.4. Industrial
8. Global Prefabricated Building Systems Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
8.6.3. Egypt
8.6.4. Kuwait
8.6.5. Saudi Arabia
8.6.6. Rest of Middle East & Africa
9. Global Prefabricated Building Systems Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Prefabricated Building Systems market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Type Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Algeco Scotsman
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company End Use Industry Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Skyline Champion Corporation
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company End Use Industry Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Astron Buildings
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company End Use Industry Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Modern Prefab Systems Pvt. Ltd.
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company End Use Industry Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Ritz-Craft Corporation, Inc.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company End Use Industry Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Champion Home Builders, Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company End Use Industry Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Butler Manufacturing Company
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company End Use Industry Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Lindal Cedar Homes Inc.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company End Use Industry Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Kirby Building Systems
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company End Use Industry Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. United Partition Systems Inc.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company End Use Industry Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
2. Global Skeleton Systems Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
3. Global Panel Systems Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
4. Global Cellular Systems Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
5. Global Combined Systems Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
6. Global Others Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
7. Global Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
8. Global Residential Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
9. Global Commercial Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
10. Global Industrial Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
11. Global Prefabricated Building Systems Market, By Region, 2022-2030(USD Billion)
12. Global Prefabricated Building Systems Market, By North America, 2022-2030(USD Billion)
13. North America Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
14. North America Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
15. U.S. Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
16. U.S. Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
17. Canada Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
18. Canada Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
19. Mexico Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
20. Mexico Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
21. Europe Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
22. Europe Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
23. Germany Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
24. Germany Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
25. France Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
26. France Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
27. U.K. Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
28. U.K. Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
29. Italy Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
30. Italy Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
31. Spain Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
32. Spain Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
33. Rest of Europe Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
34. Rest of Europe Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
35. Asia Pacific Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
36. Asia Pacific Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
37. Japan Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
38. Japan Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
39. China Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
40. China Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
41. India Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
42. India Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
43. Australia Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
44. Australia Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
45. South Korea Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
46. South Korea Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
47. Rest of Asia-Pacific Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
48. Rest of Asia-Pacific Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
49. South America Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
50. South America Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
51. Brazil Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
52. Brazil Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
53. Argentina Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
54. Argentina Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
55. Rest of Latin America Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
56. Rest of Latin America Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
57. Middle East and Africa Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
58. Middle East and Africa Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
59. UAE Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
60. UAE Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
61. South Africa Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
62. South Africa Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
63. Egypt Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
64. Egypt Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
65. Kuwait Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
66. Kuwait Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
67. Saudi Arabia Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
68. Saudi Arabia Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
69. Rest of Middle East Prefabricated Building Systems Market, By Product Type, 2022-2030(USD Billion)
70. Rest of Middle East Prefabricated Building Systems Market, By End Use Industry, 2022-2030(USD Billion)
List of Figures
1. Global Prefabricated Building Systems Market Segmentation
2. Prefabricated Building Systems Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Prefabricated Building Systems Market Attractiveness Analysis By Product Type
9. Global Prefabricated Building Systems Market Attractiveness Analysis By End Use Industry
10. Global Prefabricated Building Systems Market Attractiveness Analysis By Region
11. Global Prefabricated Building Systems Market: Dynamics
12. Global Prefabricated Building Systems Market Share By Product Type(2022 & 2030)
13. Global Prefabricated Building Systems Market Share By End Use Industry(2022 & 2030)
14. Global Prefabricated Building Systems Market Share by Regions (2022 & 2030)
15. Global Prefabricated Building Systems Market Share by Company (2021)
By Product Type
By End Use Industry
By Region/Geography
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