Prefabricated Buildings Global Market is Projected to Reach $202.7 Billion by 2030: Rising Global Population Propels Demand for Affordable Housing


Dublin, June 21, 2023 (GLOBE NEWSWIRE) -- The "Prefabricated Buildings: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Prefabricated Buildings estimated at US$117.4 Billion in the year 2022, is projected to reach a revised size of US$202.7 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Panel Systems, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$78.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Skeleton Systems segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $21.2 Billion, While China is Forecast to Grow at 8.6% CAGR

The Prefabricated Buildings market in the U.S. is estimated at US$21.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$53.4 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.7% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$25.9 Billion by the year 2030.

Select Competitors (Total 272 Featured) -

  • Abtech, Inc.
  • Astron Buildings S.A.
  • BlueScope Buildings North America, Inc.
  • Kirby Building Systems, LLC
  • Lindal Cedar Homes
  • Modular Engineering Co.
  • Niko Prefab Building Systems Pvt. Ltd.
  • Par-Kut International
  • Red Sea International Company
  • Schulte Building Systems, Inc.
  • Skyline Champion Corporation
  • United Partition Systems Inc.
  • Vardhman Pre-Engineered Building System
  • WillScot Mobile Mini Holdings Corp.

Key Attributes:

Report AttributeDetails
No. of Pages610
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$117.4 Billion
Forecasted Market Value (USD) by 2030$202.7 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Prefabricated Buildings - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Offsite Production and Prefabrication Gain Appeal Amidst COVID-19
  • An Introduction to Prefabricated Buildings
  • Variables Impacting the Cost of Prefab Homes
  • Prefab/Modular/Panelized Homes
  • Advantages and Challenges
  • Global Market Prospects & Outlook
  • Select Trends Influencing the Market
  • World Prefabricated Buildings Market by Product Type (2021 & 2027): Percentage Breakdown of Sales for Panel Systems, Skeleton Systems, Cellular Systems, and Combined Systems
  • World Prefabricated Buildings Market by End-Use Sector (2021 & 2027): Percentage Breakdown of Sales for Commercial, Residential, and Industrial
  • Regional Analysis
  • World Prefabricated Buildings Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
  • World Prefabricated Buildings Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Global Population Propels Demand for Affordable Housing
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urbanization: Major Growth Driver
  • World Urban Population in Thousands: 1950-2050
  • Expansion in Middle Class Population Augurs Well for Future Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Prefab to Address Construction Industry's Major Problems
  • Prefabricated Houses: A Stop-Gap Solution for Emergency Housing
  • Global 'Green Construction' Trend Augurs Well for the Prefabrication Market
  • Green Buildings Market (2021): Percentage Share Breakdown of Revenues by Construction Sector
  • Global Energy Consumption by Sector (2019)
  • Leading Factors Fostering Future Uptake of Green Building Practices among Contractors in North America: Ranked by Order of Importance
  • Growing Adoption of BIM Increases Uptake of Model Driven Prefabrication
  • 3D Printing Enhances Prefabrication Process
  • Corporate Sector Relies on Prefabricated Model for Office Space Needs
  • Educational Institutions Invest In Prefabricated Buildings
  • Prefabricated Buildings Gain Traction in Healthcare Sector
  • Industrial Enterprises Adopt Prefabricated Approach
  • Military Sector: One of the Foremost Adopters of Prefabricated Model
  • Revenue Contribution of Agricultural Sector Remains High
  • Prefabricated Model Fully Suffices the Worksite Building Needs
  • Metal Roofing Systems Sense Robust Opportunities
  • Optimally Designed Steel Framed Buildings Gain Traction
  • Public Misconceptions Hinder Widespread Adoption of Prefabricated Housing

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/j8ffcw

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Global Market for Prefabricated Buildings

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