Global Off-site Construction Market Set for Remarkable Growth, Expected to Reach USD 369.72 Billion by 2029

12.09.2023 : Off-site Construction Market Report Scope and Research Methodology

The Global Off-site Construction Market is experiencing remarkable growth, with an anticipated CAGR of 5.8% from 2023 to 2029. This comprehensive report provides a detailed analysis of market dynamics, including drivers, restraints, and offers valuable insights into regional trends.

The study employs a rigorous research methodology, encompassing an assessment of the impact of COVID-19 lockdowns on market dynamics. Given varying lockdown implementations across regions, their effects were analyzed accordingly. The report addresses both short-term and long-term impacts, aiding decision-makers in crafting strategies tailored to specific regions.

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What are Off-site Construction Market Dynamics?

Drivers of Adoption:

Customer preference for new houses and government support for offsite development are key catalysts for adopting this innovative construction technology.

Studies have shown significant environmental benefits, such as a 52% reduction in waste output in Hong Kong and a 34% reduction in embodied carbon compared to traditional construction methods.

Competitive Landscape:

The off-site construction market boasts fierce competition among established players and newcomers. Companies like PRESCIENT CO, FULLSTACK MODULAR, PLANT PREFAB, and BLOKABLE, employing precision manufacturing technology and innovative production methods, are entering the market, emphasizing customization and end-to-end solutions.

Technological Advancements Shaping the Industry:

Building Information Modeling (BIM): Streamlining collaboration, BIM offers a centralized platform for stakeholders, enhancing efficiency and reducing conflicts.

Construction Robotics: Automating repetitive tasks improves accuracy and efficiency while ensuring worker safety.

Changing Construction Landscape: The industry is evolving towards modularization, standardization, and greater flexibility in construction structures, paving the way for increased adoption of off-site techniques

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What is Off-site Construction Market Segmentation?

Material: Steel dominates the off-site construction market, driven by its durability, stability, and resistance to environmental factors. Demand for structural steel remains strong.

Construction Type: Residential construction leads the segment, with prefabrication poised to revolutionize the sector, offering cost savings and shorter project timelines.

by Product

1. Steel
2. Wood
3. Concrete
4. Other

by Type

1. Fixed
2. Movable

by Methods Outlook

1. Volumetric Construction
2. Hybrid Construction
3. Panelized Construction
4. Sub-Assemblies and Accessories Systems

by Application

1. Residential
2. Commercial
3. Industrial

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Who are Off-site Construction Market Key Players?

1. ATCO ( Canadian Utilities,)
2. Anderco Pte. Ltd (Singapore )
3. Giant Containers Inc (Canada)
4. Honomobo Corporation (Alberta, Canada.)
5. Lendlease Corporation (Sydney, Australia)
6. SG Blocks Inc (United States)
7. Skanska AB (Stockholm, Sweden)
8. Blokable Inc.( United States)
9. Blu Homes (Vallejo, California, United States .)
10. Emagispace (United States)
11. Falcon Structures (United States)
12. FullStack Modular (United States)
13. Modus Structures Inc (Canada)
14. Nomodic(India)
15. Plant Prefab, Inc.( United States .)
16. Project Frog ( United States .)
17. SG Blocks Inc..( United States)
18. Bechtel Corporation (California,)
19. Speed House Group of Companies (UAE)
20. Supertech Industries LLC (UAE)
21. Fluor Corporation(US)

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Table of content for the Off-site Construction Market includes:

Part 01: Executive Summary

Part 02: Scope of the Off-site Construction Market Report

Part 03: Global Off-site Construction Market Landscape

Part 04: Global Off-site Construction Market Sizing

Part 05: Global Off-site Construction Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

North America: Expected to lead the market, with the United States at the forefront due to rising population, increased income, and demand for comfort features.

Asia-Pacific: Boasts significant growth potential, driven by research activities, increased demand, and initiatives by major industry players.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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