Prefabricated Building and Structural Steel Market Size, Industry Statistics and Business Overview 2022-2027

According to IMARC Group latest report titled" Prefabricated Building and Structural Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on prefabricated building and structural steel market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global prefabricated building and structural steel market size reached US$ 206.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 299.4 Billion by 2027, exhibiting a growth rate (CAGR) of 6.45% during 2022-2027.

Prefabricated buildings represent the factory-made structures manufactured off-site and then transported to the construction area for installation. On the other hand, structural steel refers to the fundamental framework that comprises columns, angles, and beams designed to support prefabricated buildings. Compared to traditionally constructed establishments, they offer various benefits, such as lower building costs, minimal maintenance requirements, lesser construction time, superior weather resistance, and ease of expansion. In addition, prefabricated buildings and structural steel are ideal for construction in locations with unsuitable environmental conditions as they eliminate the requirement for skilled workers to be present on site. As a result, these structures and frameworks are increasingly gaining traction, owing to their environment-friendliness, versatility, energy efficiency, durability, and efficient material utilization.

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Market Trends:

The expanding construction industry, the increasing infrastructural activities, and several technological advancements in the design development process are among the primary factors driving the prefabricated building and structural steel market. Besides this, the rising awareness in individuals toward the benefits of using this material and framework, such as flexibility, durability, energy efficiency, and faster completion, is further augmenting the market growth. Moreover, the growing popularity of prefabricated buildings and structural steel in temporary construction facilities, office spaces, medical camps, evacuation centers, schools, apartment blocks, and single-detached houses is also catalyzing the global market. Apart from this, the expansion of hotels, institutes, shopping complexes, and high-rise buildings is bolstering the demand for these materials to enhance the durability of infrastructure, which is acting as another significant growth-inducing factor. Furthermore, the shifting focus toward waste management and minimizing harmful emissions and the development of smart cities across the globe are anticipated to propel the prefabricated building and structural steel market over the forecasted period.

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Prefabricated Building and Structural Steel Market Segmentation:

Our report has categorized the market based on region, component and end-use sector.

Breakup by Component:
• Prefabricated Building
o Floors and Roofs
o Walls
o Staircase
o Panels and Lintels
o Others
• Structural Steel
o H-Type Beam
o Columns
o I-Type Beam
o Angles
o Others

Breakup by End-Use Sector:
• Residential
• Institutional
• Commercial
• Industrial

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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