Press release
Prefabricated Buildings Market Size, Share, Key Players Insights, Global Industry Overview, Opportunities Assessment and Forecast
Prefabricated building architecture is a manufacturing process or an assembly site, in which various materials and building systems are combined to form a component or a part of larger onsite assembly or a building, where the structure is to be installed onsite, or installing the building system onsite.
There is growing awareness about environmental impacts from construction waste. As a result, replacing wet-trade activities with prefabrication is advocated as one of the waste minimization techniques on site. The adoption of prefabrication leads to minimized waste generation in various on-site production activities, including plastering, timber formwork, concreting and reinforcement, with 100% waste reduction seen in plastering. This has spiked the demand for prefabricated construction across the globe.
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Market Research Analysis:
The prefabricated buildings market has witnessed a moderate growth over the last few years and as per the analysis, the market will retain similar growth rate during the forecast period. In the report, the market has been divided into the following material Skeleton System, Panel System, cellular system, and combined system. These are the skeleton construction of facilities with steel, or other metal. This is a construction system that uses the advanced technology of cold-rolled profiles. These systems comprise of structural, load bearing elements such as columns, beams, and others. The segment accounts for 31.45% of market share in 2016 and is expected to grow at 5.05% CAGR during the forecast period.
In the report, the market has been divided into the following modules: Bathroom Pods, Kitchenette, and Others. Bathroom pod solutions are used across healthcare to student accommodation, military to care homes. These offer quick and easy to install solutions that ensure minimum downtime. These units work on a modular design, and are modern to fit in a wide range of spaces. These have become extremely popular in the residential spaces, hotels, military establishments, and others. The segment accounts for 25.45% market share and is expected to grow at 5.54% CAGR during the forecast period.
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Scope of the Report:
This study provides an overview of the global prefabricated buildings market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Latin America Europe, Asia-Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Prefabricated Buildings market by its voltage type, end-use and region.
Global Prefabricated Buildings Market, By Product
• Skeleton system
• Panel system
• Cellular system
• Combined system
Global Prefabricated Buildings Market, By Application
• Industrial
• Commercial
• Residential
Global Prefabricated Buildings Market, By Module Type
• Bathroom pods
• Kitchenettes
• Others
Global Prefabricated Buildingss Market, By Region
• North America
• Europe
• Asia-Pacific
• Rest Of the World (ROW)
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Key Players:
The key players of global Prefabricated Buildings market are Red Sea Housing Services, Algeco Scotsman, Butler Manufacturing Company, Champion Home Builders, Inc., Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Inc., Ritz-Craft Corporation, Modern Prefab Systems Pvt. Ltd., Par-Kut International Inc., United Partition Systems Inc. and others.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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