Dublin, Aug. 17, 2021 (GLOBE NEWSWIRE) -- The "Nonresidential Prefabricated Building Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Nonresidential Prefabricated Building Systems Market to Reach $94 Billion by 2027
Amid the COVID-19 crisis, the global market for Nonresidential Prefabricated Building Systems estimated at US$67.9 Billion in the year 2020, is projected to reach a revised size of US$94 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.
Metal Building Systems, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$47.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Modular Building Systems segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $20 Billion, While China is Forecast to Grow at 4.5% CAGR
The Nonresidential Prefabricated Building Systems market in the U.S. is estimated at US$20 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Panelized Precast Concrete Systems Segment to Record 4.7% CAGR
In the global Panelized Precast Concrete Systems segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.9 Billion in the year 2020 will reach a projected size of US$13.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.8 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Prefabricated Buildings: Providing More Controlled Conditions and Enabling Improved Quality, Flexibility, Practicality, and Cost
- Recent Market Activity
- Evolution of Prefabricated Buildings as the Revolutionary Change in the Global Construction Industry: The Fundamental Growth Driver
- Strong Emergence of Prefab Buildings in the Non-Residential Sector
- Myriad Benefits and Superior Attributes of Prefabricated Construction over Traditional Construction Drive Widespread Adoption
- Prefabrication Turns Budget Saver
- Recyclability Factor Drive Uptake of Precast Concrete Structures
- Modular Construction Offer Cost and Speed Efficiencies
- Prefabricated Vis-a-vis Traditional Buildings
- Market Fortunes Intrinsically Linked to Performance of the Global Construction Industry
- Recovery in Construction Activity Worldwide Benefit Prospects for Prefabricated Buildings
- Introduction of Wide Range of Innovative Technologies Fuel Construction Industry Growth
- Prefabricated and Modular Structures Witness Increasing Popularity
- Rising Investments in Infrastructure Projects
- Upward Movement in Construction Activity in the Asian Countries
- Global Market Outlook
- Improvement in Global Economy Supports Near-term Growth Momentum
- Impact of Covid-19 and a Looming Global Recession
2. 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.
3. MARKET TRENDS & DRIVERS
- Schedule Challenges and Chronic Cost Overruns in Engineering and Construction Drive Strong Demand for Modular Building Systems
- Cross Laminated Timber (CLT) Catapults Modular Construction to Greater Heights
- CLT: A Strong Contender for Concrete and Steel Building Systems
- Relocatable Buildings (RBs): Transportable, Repurposed and Reused Attributes Drive Demand
- Growing Interest in Permanent Modular Construction as a Sustainable Method of Construction Delivery
- Growing Adoption of BIM Increases Uptake of Model Driven Prefabrication
- Need to Expedite Procurement and Build Process Spurs Demand for 3D Printing in Prefabrication and Modularization
- Perennial Demand for Optimally Designed Steel Framed Buildings Make Metal Building Systems the Dominant Prefab Segment
- Metal Roofing Systems Offer High Aesthetic, Acoustic, Environmental, Seismic and Thermal Performances
- Prefabrication as a Greener and Resource Efficient Mode of Construction Immensely Benefits from the 'Green Construction' Trend
- Leading Factors Fostering Future Uptake of Green Building Practices among Contractors: Ranked by Order of Importance
- Prefabrication: A Faster Route towards Gaining Energy Efficiency Credits
- Corporate Sector Relies on Prefabricated Model for Office Space Needs
- Investments on Prefabricated Buildings Remain High in the Educational Sector
- Prefabricated Buildings Gain Visibility in Healthcare Environments
- Industrial Establishments Aim to Leverage Prefabricated Approach for Quicker & Reliable Construction
- Warehouse: A Noteworthy Application for Prefabricated Buildings in Industrial Facilities
- Agricultural Sector Remains Key Revenue Contributor for Non-residential Prefabricated Building Systems
- Military Sector: One of the Foremost Adopters of Prefabricated Model
- Prefabricated Model Fully Suffices the Worksite Building Needs
- Prefabricated Structures Extend Convenience in Dining Hall Applications
- Prefabricated Model for Dormitory Structure Requirements
- Prefabricated Concept Makes Possible High-Quality Shower Structures
- Greater Use of Off-site Construction Methods Bodes Well for Prefabrication Industry
- Aging Urban Areas: A Potential Opportunity Generator
- Job Site Conditions: An Important Variable Influencing Uptake of Prefabrication Elements
- Factors Limiting the Adoption of Pre-assembly and Prefabrication
- Educating Owners: Need of the Hour
- Prefabrication Usage Patterns of Various Construction Professionals in North America - Ranking Based on Quantum of Usage
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 211
For more information about this report visit https://www.researchandmarkets.com/r/44ybqn
