The global prefabricated building systems market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include increasing demand for building construction in emerging regions, rising number of corporate offices, developing infrastructure prospects, increasing real estate investments across the globe, rising FDI in construction and infrastructure sector globally, growing awareness about environmental impacts from construction waste and supportive government policies & regulations. However, factors such as change in prices of raw materials and lack of skilled labors are inhibiting the market growth.
Global prefabricated building systems market segmented on the basis of dimensions, module type, application and region.
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Skeleton System Dominate the Global Prefabricated Building Systems Market
Based on dimensions, global prefabricated building systems market segmented into cellular system, combined system, panel system and skeleton system. Skeleton System held considerable market growth during estimated period. Skeleton systems are prefabricated systems that comprise structural, load-bearing elements such as columns, beams, and slab elements. One of the dimensions of these elements is greater than the other dimensions.
Asia Pacific Leads the Global Prefabricated Building Systems market
PBI’s global prefabricated building systems market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global prefabricated building systems market with considerable CAGR due to growing residential and industrial activities. Also, China and Japan are the major contributors for the growth of the market in this region owing to substantial expansion of rail and road infrastructure by the Chinese government. In recent years, the entry of major construction players in China has additionally enhanced the growth of this industry. In addition, North America held considerable market share during predicted period owing to demand for single and multi-family homes, led by low mortgage rates.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global prefabricated building systems market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Algeco Scotsman, Astron Buildings, Butler Manufacturing Company, Champion Home Builders Inc., Kirby Building Systems LLC, Lindal Cedar Homes, Inc, Modern Prefab Systems Pvt. Ltd, Par-Kut International Inc., Red Sea Housing Services, Ritz-Craft Corporation and United Partition Systems Inc.
Precision Business Insights (PBI) in its report titled “Global Prefabricated Building Systems Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Cellular System
o Combined System
o Panel System
o Skeleton System
By Module Type
o Bathroom pods
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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