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Global Modular and Prefabricated Buildings Market, Forecast to 2025
Global Modular and Prefabricated Buildings Market, Forecast to 2025
Increasing Labor Costs and Construction Timelines are Boosting the Adoption of Prefabricated and Modular Buildings Across the Globe
22-Oct-2019
Global
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Description
Modular or prefabricated buildings are made in a factory and installed later at a site, unlike traditionally-constructed buildings, which are built at the site itself. Major materials involved in the market are wood, concrete, steel, and plastics and composites. The modular and prefabricated building market is currently at a nascent stage when compared to traditional building construction; however, the market is developing rapidly and leading to increasing penetration of modular buildings within the construction sector. The market in this study is analyzed for end-industries including residential and non-residential construction. The major end-users are construction contractors, developers, and project owners.
Rising construction spending is expected to drive the growth of the modular and prefabricated buildings market. Apart from this, developers are looking reduce construction deadlines and decrease the cost of construction. This preference has led to the development of prefabricated and modular buildings, as buildings made in a factory environment utilize less labor and time for overall construction leading to both time and cost savings. Thus, this factor is expected to be a key growth driver for the market. The market currently gains a large portion of its revenue from the non-residential construction segment driven by robust growth due to economic prosperity in various regions. Additionally, significant growth in the development of the commercial construction segment propels the growth of this market in regions such as the Middle-East, Europe, Latin-America, and Asia-Pacific.
Wood is a preferred material for modular and prefabricated construction, because it is a recyclable material with comparable strength to concrete and has a lightweight nature that allows for easier installation. However, in Asia-Pacific and the Middle East, the material preference mimics traditional construction; a high volume of steel and concrete is used and is expected to be used during the forecast period.
The market is regulated by International Building Codes related to the construction of prefabricated and modular buildings. Relevant building materials are required to acquire a CE marking in Europe. There is an increasing trend for the construction industry to develop buildings using materials that promote sustainability and recyclability. As a result, building manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency as end users are increasingly looking for products that are durable, sustainable, and regulatory-compliant.
The market is highly competitive among large, global manufacturers in the developed markets of North America and Europe; apart from internal competition, prefabricated manufacturers also face competition from traditional construction participants especially in regions where construction labor is cheap, thereby bringing down the whole cost of construction. The larger market participants increasingly engage in mergers and acquisitions and joint ventures among themselves and with small companies to acquire new products, technologies, and market shares due to which the market points towards further consolidation. Autodesk, a major design software firm, acquired a prefabricated building manufacturer, leading to the further propagation of Design for Manufacturing and Assembly (DfMA) trends in construction industry.
The market is also impacted by Mega Trends pertaining to the organizing of various events such as the World Expo 2020, Summer Olympics 2020, and the FIFA World Cup 2022, which drive infrastructure growth leading to the growth of modular and prefabricated construction.
Key Issues Addressed
- What is the status of the modular and prefabricated buildings market lifecycle? How is it expected to grow through the forecast period?
- What are the growth opportunities for the different market segments?
- What are the key factors driving and restraining growth in this market?
- What are the key technological developments observed across major segments?
- What are the competitive factors affecting the market and how will the structure of the market change with time?
Table of Contents
Key Findings
Strategic Factsheet
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions
Geographic Scope
Key Questions this Study will Answer
Market Segmentation
Material Segmentation
Market Segmentation
Market Segmentation (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Market Overview
Market Engineering Measurements
Forecast Assumptions
Unit Shipment and Revenue Forecast
Unit Shipment and Revenue Forecast Discussion
Pricing Trends and Forecast
Pricing Trends and Forecast Discussion
Percent Unit Shipment Forecast by Region
Unit Shipment Forecast by Region
Percent Revenue Forecast by Region
Revenue Forecast by Region
Unit shipment and Revenue Forecast Discussion by Region
Percent Unit Shipment Forecast by Construction Type
Percent Unit Shipment Forecast Discussion by Construction Type
Percent Unit Shipment Forecast by Frame Type
Percent Unit Shipment Forecast Discussion by Frame Type
Key Materials Comparison
Percent Unit Shipment Forecast by Material Type
Percent Unit Shipment Forecast Discussion by Material Type
Percent Unit Shipment Forecast by Sub-type—Wood
Wood Applications in Buildings by Sub-type
Percent Unit Shipment Forecast by Sub-type—Steel
Steel Applications in Buildings by Sub-type
Percent Unit Shipment Forecast by Sub-type—Concrete
Concrete Applications in Buildings by Sub-type
Percent Unit Shipment Forecast by Sub-Type—Composites and Plastics
Percent Unit Shipment Forecast Discussion by Sub-Type—Composites and Plastics
Other Prefabrication materials
Value Chain
Value Chain Description
Key Technology Trends
Key Technology Trends (continued)
Regulations
Dynamic SWOT Analysis
Market Share
Competitive Environment
Notable Mergers & Acquisitions
Growth Opportunity 1—Robust Growth in Construction Activity in Asia-Pacific
Growth Opportunity 2—Skilled Labor Migration in Australia Driving Growth in Prefabrication Manufacturing
Growth Opportunity 3—Better Construction Timelines Leading to Higher Adoption Of Offsite Construction
Strategic Imperatives for Success and Growth
North America—Key Findings
North America—Market Engineering Measurements
North America—Unit Shipment and Revenue Forecast
North America—Unit Shipment and Revenue Forecast Discussion
North America—Percent Revenue Forecast by Country
North America—Percent Revenue Forecast Discussion by Country
North America—Percent Revenue Forecast Discussion by Country (continued)
North America—Percent Unit shipment Forecast by Frame Type
North America—Percent Unit shipment Forecast Discussion by Frame Type
North America—Percent Unit shipment Forecast by Material Type
North America—Percent Unit shipment Forecast Discussion by Material Type
North America—Percent Unit shipment Forecast by End Use Application
North America—Percent Unit shipment Forecast Discussion by End-use Application
North America—Competitive Environment
Europe—Key Findings
Europe—Market Engineering Measurements
Europe—Unit Shipment and Revenue Forecast
Europe—Unit Shipment and Revenue Forecast Discussion
Europe—Percent Revenue Forecast by Sub-region
Europe—Percent Revenue Forecast Discussion by Sub-region
Europe—Percent Revenue Forecast Discussion by Sub-region (continued)
Europe—Percent Unit Shipment Forecast by Frame Type
Europe—Percent Unit Shipment Forecast Discussion by Frame Type
Europe—Percent Unit Shipment Forecast by Material Type
Europe—Percent Unit Shipment Forecast Discussion by Material Type
Europe—Percent Unit Shipment Forecast by End Use Application
Europe—Percent Unit Shipment Forecast Discussion by End Use Application
Europe—Competitive Environment
Asia-Pacific—Key Findings
Asia-Pacific—Market Engineering Measurements
Asia-Pacific—Unit Shipment and Revenue Forecast
Asia-Pacific—Unit Shipment and Revenue Forecast Discussion
Asia-Pacific—Percent Revenue Forecast by Country
Asia-Pacific—Percent Revenue Forecast Discussion by Country
Asia-Pacific—Percent Revenue Forecast Discussion by Country (continued)
Asia-Pacific—Percent Revenue Forecast Discussion by Country (continued)
Asia-Pacific—Percent Revenue Forecast Discussion by Country (continued)
Asia-Pacific—Percent Revenue Forecast Discussion by Country (continued)
Asia-Pacific—Percent Unit shipment Forecast by Frame Type
Asia-Pacific—Percent Unit Shipment Forecast Discussion by Frame Type
Asia-Pacific—Percent Unit Shipment Forecast by Material Type
Asia-Pacific—Percent Unit Shipment Forecast Discussion by Material Type
Asia-Pacific—Percent Unit Shipment Forecast by End Use Application
Asia-Pacific—Percent Unit Shipment Forecast Discussion by End Use Application
Asia-Pacific—Competitive Environment
Rest of the World—Key Findings
Rest of the World—Market Engineering Measurements
Rest of the World—Unit Shipment and Revenue Forecast
Rest of the World—Unit Shipment and Revenue Forecast Discussion
Rest of the World—Percent Revenue Forecast by Sub-region
Rest of the World—Percent Revenue Forecast Discussion by Sub-region
Rest of the World—Percent Revenue Forecast Discussion by Sub-region (continued)
Rest of the World—Percent Revenue Forecast Discussion by Sub-region (continued)
Rest of the World—Percent Revenue Forecast Discussion by Sub-region (continued)
Rest of the World—Percent Unit Shipment Forecast by Frame Type
Rest of the World—Percent Unit Shipment Forecast Discussion by Frame Type
Rest of the World—Percent Unit Shipment Forecast by Material Type
Rest of the World—Percent Unit Shipment Forecast Discussion by Material Type
Rest of the World—Percent Unit Shipment Forecast by End Use Application
Rest of the World—Percent Unit Shipment Forecast Discussion by End Use Application
Rest of the World—Competitive Environment
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Abbreviations and Acronyms Used
Abbreviations and Acronyms Used (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
Key Issues Addressed
- What is the status of the modular and prefabricated buildings market lifecycle? How is it expected to grow through the forecast period?
- What are the growth opportunities for the different market segments?
- What are the key factors driving and restraining growth in this market?
- What are the key technological developments observed across major segments?
- What are the competitive factors affecting the market and how will the structure of the market change with time?
| No Index | No |
|---|---|
| Podcast | No |
| Author | Prathmesh Limaye |
| Industries | Chemicals and Materials |
| WIP Number | MED2-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9100-A2,9595,9870 |