Prefabricated Construction Market Trends and Forecast
The future of the global prefabricated construction market looks promising with opportunities in the residential and non-residential markets. The global prefabricated construction market is expected to grow with a CAGR of 13.4% from 2024 to 2030. The major drivers for this market are growing demand for cost-effective construction solutions, increasing focus on reducing construction time, and rising demand for modular and portable buildings.
• Lucintel forecasts that skeleton system is expected to witness the highest growth over the forecast period.
• Within this market, residential is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Prefabricated Construction Market
• United States: Katerra announced plans to expand its modular construction capabilities, supported by government initiatives promoting affordable housing solutions.
• China: Broad Sustainable Building (BSB) completed a 57-story skyscraper in just 19 days using prefabricated components, showcasing the countryÄX%$%Xs rapid adoption of prefabricated construction methods.
• Germany: ZÜBLIN announced partnerships with local governments to build modular housing units, addressing housing shortages and promoting sustainable building practices.
• India: L&T Construction launched a prefabricated construction initiative to accelerate project timelines and meet the governmentÄX%$%Xs infrastructure development targets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Prefabricated Construction Market by Segment
The study includes a forecast for the global prefabricated construction market by type, application, and region.
Prefabricated Construction Market by Type [Value from 2018 to 2030]:
• Skeleton System
• Panel System
• Cellular System
• Combined System
Prefabricated Construction Market by Application [Value from 2018 to 2030]:
• Residential
• Non-Residential
Prefabricated Construction Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Prefabricated Construction Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies prefabricated construction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the prefabricated construction companies profiled in this report include-
• Laing O-Rourke
• Bouygues Construction
• VINCI
• Skanska
• Kleusberg
• Deutsche Fertighaus Holding
• Berkley Homes
• Ilke Homes
• Segezha Group
• Moelven Byggmodul
Recent Development in the Prefabricated Construction Market
• Skanska: Implemented prefabricated construction methods in Europe, focusing on sustainability and efficiency in building projects.
• Laing OÄX%$%XRourke: Innovated with off-site construction techniques in Australia, reducing construction time and costs for major infrastructure projects.
• Bouygues Construction: Introduced modular construction solutions in France, enhancing building quality and reducing environmental impact.
• Modular Group: Expanded operations in the UK with modular building solutions for residential and commercial sectors, responding to increasing market demand.
Features of the Global Prefabricated Construction Market
Market Size Estimates: Prefabricated construction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Prefabricated construction market size by type, application, and region in terms of value ($B).
Regional Analysis: Prefabricated construction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the prefabricated construction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the prefabricated construction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for prefabricated construction market?
Answer: The global prefabricated construction market is expected to grow with a CAGR of 13.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the prefabricated construction market?
Answer: The major drivers for this market are growing demand for cost-effective construction solutions, increasing focus on reducing construction time, and rising demand for modular and portable buildings.
Q3. What are the major segments for prefabricated construction market?
Answer: The future of the prefabricated construction market looks promising with opportunities in the residential and non-residential markets.
Q4. Who are the key prefabricated construction market companies?
Answer: Some of the key prefabricated construction companies are as follows:
• Laing O-Rourke
• Bouygues Construction
• VINCI
• Skanska
• Kleusberg
• Deutsche Fertighaus Holding
• Berkley Homes
• Ilke Homes
• Segezha Group
• Moelven Byggmodul
Q5. Which prefabricated construction market segment will be the largest in future?
Answer: Lucintel forecasts that skeleton system is expected to witness the highest growth over the forecast period.
Q6. In prefabricated construction market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the prefabricated construction market by type (skeleton system, panel system, cellular system, and combined system), application (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Prefabricated Construction Market Market, Prefabricated Construction Market Market Size, Prefabricated Construction Market Market Growth, Prefabricated Construction Market Market Analysis, Prefabricated Construction Market Market Report, Prefabricated Construction Market Market Share, Prefabricated Construction Market Market Trends, Prefabricated Construction Market Market Forecast, Prefabricated Construction Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.