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Modular and Prefabricated Nonresidential Building Construction Market with 2020- Industry Forecast with Recent Trends, Size, Share, Statistics, Competition Strategies, Application, Region and Analysis 2030
Modular and Prefabricated Nonresidential Building Construction Market
The global modular and prefabricated nonresidential building construction market is expected to decline from $54.68 billion in 2019 to $49.96 billion in 2020 at a compound annual growth rate (CAGR) of -8.63%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $73.1 billion in 2023 at a CAGR of 13.53%.
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The modular and prefabricated non-residential building construction market consists of sales of modular and prefabricated buildings and related services for non-residential use.
The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers and the R&D budget is also limited in comparison to other sectors. In developing or underdeveloped countries of the Asia Pacific region as well as in Africa and South America, people are less aware of this construction method, the advantages it offers and the recyclability of modular buildings.
Modular and Prefabricated Nonresidential Building Construction Market Segmentation:
By Type
1.Standard Metal
2.Agricultural Metal
3.Modular Nonmetal
4.Panelized Precast Nonmetal
By Application
1.Institutional
2.Industrial
3.Commercial
4.Agricultural
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Few Points From Table Of Content
1. Executive Summary
2. Modular and Prefabricated Nonresidential Building Construction Market Characteristics
3. Modular and Prefabricated Nonresidential Building Construction Market Size And Growth
4. Modular and Prefabricated Nonresidential Building Construction Market Segmentation
5. Modular and Prefabricated Nonresidential Building Construction Market Regional And Country Analysis
...
25. Modular and Prefabricated Nonresidential Building Construction Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Modular and Prefabricated Nonresidential Building Construction Market
27. Modular and Prefabricated Nonresidential Building Construction Market Trends And Strategies
28. Modular and Prefabricated Nonresidential Building Construction Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the modular and prefabricated nonresidential building construction market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the modular and prefabricated nonresidential building construction market are Algeco Scotsman, Butler Manufacturing Company, Champion Home Builders, Red Sea Housing, Lindal Cedar Homes, Kirby Building Systems, Alan Pre-Fab Building Corp, ALHO Systembau GmbH
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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