Prefabricated Buildings Market is on the verge the of reaching USD 36,083.2 million mark by 2023 | Forecast MRFR
Market research future published a cooked research report on global Prefabricated Buildings market. The Prefabricated Buildings market is expected to grow over the CAGR of around 5.54% during the period 2017 to 2023.
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.
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.
The market of prefabricated buildings is governed by Increasing FDI in construction in Asia-Pacific region, supportive government regulations and policies, establishment of SEZs, and minimized construction wastage. However the market growth is hampered by fluctuating raw material prices, additional cost, and availability of skilled labor.
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There is seen an increase in the global foreign direct investment (FDI) inflows. According to United States Economic and Social Commission for Asia and Pacific (UNESCAP), it was valued at USD 1.76 trillion in 2015. This amounted for 38% increase compared with 2014. The rise in FDI inflows was more prominent in developed economies, which received USD 962 billion in 2015, i.e. 84% more than in 2014. This along with FDI in retail has pushed the number of construction projects in the region. This induces the demand for prefabricated buildings market in the region.
The global prefabricated buildings market has been segmented based on product, module type, application, and region. Based on product, panel system accounted for the largest market share of 33.21% in 2016, and is projected to grow at the highest CAGR during the forecast period. On the basis of module type bathroom pods account for the largest market share in 2016. Based on application, commercial accounted for the largest market share with a market value of USD 36,083.2 million and is projected to grow at the highest CAGR during the forecast period.
List of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR 15
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 17
FIGURE 3 GLOBAL PREFABRICATED BUILDINGS MARKET: DRIVERS, RESTRAINTS AND TRENDS 19
FIGURE 4 FDI INFLOWS, ASIA-PACIFIC, 2010-2015 (USD BILLION) 21
FIGURE 5 GLOBAL PREFABRICATED BUILDINGS MARKET: DRIVERS IMPACT ANALYSIS 23
FIGURE 6 GLOBAL HISTORIC AND FORECASTED STEEL PRICES, 2010-2019 (USD/TONNE) 24
FIGURE 7 GLOBAL PREFABRICATED BUILDINGS MARKET: BARRIERS IMPACT ANALYSIS 25
FIGURE 8 PORTER'S 5 FORCES ANALYSIS OF GLOBAL PREFABRICATED BUILDINGS MARKET 27
FIGURE 9 VALUE CHAIN ANALYSIS OF GLOBAL PREFABRICATED BUILDINGS MARKET 29
FIGURE 10 GLOBAL PREFABRICATED BUILDINGS MARKET, BY PRODUCT, 2016 (IN %) 33
FIGURE 11 GLOBAL PREFABRICATED BUILDINGS MARKET, BY MODULE TYPE, 2016 (IN %) 35
FIGURE 12 GLOBAL PREFABRICATED BUILDINGS MARKET, BY APPLICATION, 2016 (IN %) 39
FIGURE 13 PREFABRICATED BUILDINGS MARKET SHARE, BY REGION, 2016 (IN %) 41
FIGURE 14 VALUE OF CONSTRUCTION IN GREAT BRITAIN, 2010-2015 (USD MILLION) 52
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