Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Nonresidential Prefabricated Building Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Nonresidential Prefabricated Building Systems is estimated at US$90.0 Billion in 2023 and is projected to reach US$123.8 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the nonresidential prefabricated building systems market is driven by several factors, including the increasing demand for faster construction timelines and reduced labor costs in various sectors such as healthcare, education, and retail. The rising focus on sustainability and energy efficiency in construction is also a significant driver, as prefabricated buildings typically offer greater precision in material use and higher quality insulation and air sealing, which reduce energy consumption over the building's lifecycle.
Additionally, as urban areas continue to grow, the limitations in construction space and the need to minimize disruption in dense settings push the demand for prefabricated solutions that can be assembled quickly and more cleanly than traditional construction methods. Economic factors such as the fluctuating costs of raw materials also encourage the use of prefabricated systems, as they can be more budget-friendly and less susceptible to market variations once manufactured.
Moreover, the ongoing advancements in digital design and fabrication technology, which allow for greater customization and flexibility, are making prefabricated building systems an increasingly attractive option in the nonresidential sector. These dynamics collectively contribute to robust market growth, reflecting the evolving preferences and needs of the construction industry.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Nonresidential Prefabricated Building Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Nonresidential Prefabricated Building Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Metal Building Systems segment, which is expected to reach US$62.4 Billion by 2030 with a CAGR of a 4.5%. The Modular Building Systems segment is also set to grow at 5.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $23.9 Billion in 2023, and China, forecasted to grow at an impressive 4.4% CAGR to reach $19.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Alan Pre-Fab Building Corp., Algeco Scotsman, ALHO Systembau GmbH, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 358 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $90 Billion |
| Forecasted Market Value (USD) by 2030 | $123.8 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Nonresidential Prefabricated Building Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Surge in Modular Construction Projects Drives Market Growth
- Environmental Regulations Propel the Adoption of Eco-Friendly Prefab Systems
- Increased Urbanization Throws the Spotlight On Prefabricated Solutions
- Cost-Efficiency of Prefab Systems Strengthens Business Case for Developers
- Growth in Commercial Real Estate Sector Spurs Demand for Prefabricated Buildings
- Faster Construction Times Generate Accelerated Demand for Prefab Systems
- Labor Shortages in Construction Industry Drive Shift Towards Prefabrication
- Consumer Preference for Customization in Modular Construction Shapes Market Trends
- Expansion of Healthcare Infrastructure Sets the Stage for Growth in Prefabricated Modular Hospitals
- Increasing Government Investments in Public Infrastructure Sustain Market Expansion
- Advancements in 3D Printing Technology Impact Prefabricated Building Production
FOCUS ON SELECT PLAYERS (Total 211 Featured)
- Alan Pre-Fab Building Corp.
- Algeco Scotsman
- ALHO Systembau GmbH
- Allied Modular Building Systems Inc.
- American Buildings Company
- Brytex Building Systems Inc.
- Butler ManufacturingT Company, Inc.
- Cadolto Fertiggebaude GmbH & Co. KG
- Flexator AB
- Lester Building Systems, LLC
- Madison Industries Inc.
- NCI Building Systems, Inc.
- Normerica Timber Homes & Cottages
- Nucor Building Systems
- Rollalong Ltd.
- United Structures of America Inc.
- Varco Pruden Buildings, Inc.
- Whitley Manufacturing Company, Inc.
- Yves Cougnaud S.A.
For more information about this report visit https://www.researchandmarkets.com/r/gh7wsp
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