Metal process

Global Prefabricated Buildings Market Report 2022: 3D Printing Improves the Prefabrication Process

DUBLIN–(BUSINESS WIRE)–The “Prefabricated Buildings – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global pre-engineered building market to reach $153.7 billion by 2026

Amid the COVID-19 crisis, the global pre-engineered building market estimated at US$117.4 billion in 2022 is expected to reach a revised size of US$153.7 billion by 2026, growing at a CAGR of 6.4% over the analysis period.

Manufactured homes, also known as prefabricated houses, are those that have been constructed using prefabricated building materials. These building materials are prefabricated in an off-site facility and then transported to the desired location where they are assembled. Prefab houses are a combination of traditional ownership and technology. These homes are pre-built at off-site locations using different methods such as 3D printing and then assembled at the construction site. Homes that are at least 70% prefabricated are called modular homes. Although manufactured homes are placed on permanent foundations, their structures are prefabricated in sections. This makes it easier to disassemble, transport and build these houses. Compared to traditional houses, prefabricated houses are cheaper and also more durable and beautiful. Building materials used in the development of prefabricated houses are classified as concrete-based and made of metal.

The US market is estimated at $21.2 billion in 2022, while China is expected to reach $38.2 billion by 2026

The pre-engineered building market in the United States is estimated to be worth US$21.2 billion in 2022. The country currently accounts for an 18.3% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$38.2 billion in 2026 growing at a CAGR of 7.9% over the analysis period.

The market is favored by factors such as reduction in required construction time, cost savings, office needs in emerging SEZs, rising real estate investments, rapid urbanization, growing demand for alternative approaches to construction and temporary and immediate needs in the industrial sector. .

The market is also benefiting from the growing customer focus on reducing CO2 emissions, green building and reducing waste. Additionally, booming construction and infrastructure markets in Asia and growing investments in real estate across the globe are also driving the growth of the market. Market development is expected to be in line with growth in the housing and real estate markets globally, with immense growth opportunities likely to emerge from the GCC and Asia-Pacific regions.

Rising awareness of the benefits of prefabricated buildings among people and their increasing acceptance also bodes well for the growth of the market. Furthermore, the increase in renovation activities to improve the aesthetic value of buildings as well as their construction value is supporting the demand for pre-engineered buildings.

Rising disposable income levels are driving new home building activity, which is also fueling interest in pre-engineered buildings. There is a growing demand for prefabricated products available in different sizes and shapes. Prefabricated metal products are used for various decorative architectural requirements in buildings. The demand for industrial modular buildings is increasing due to the significant advantages of off-site construction, such as greater flexibility, faster project completion, cost efficiency, greener and safer construction, and feasibility in locations distant.

Select contestants (272 total featured):

  • Abtech, Inc.

  • Astron Buildings SA

  • BlueScope Buildings North America, Inc.

  • Kirby Building Systems, LLC

  • Lindal Cedar Homes

  • Modular Engineering Co.

  • Niko Prefab Building Systems Pvt. ltd.

  • By Kut International

  • International Red Sea Company

  • Schulte Building Systems, Inc.

  • Skyline Champion Corporation

  • United Partition Systems Inc.

  • Vardhman Prefab Building System

  • WillScot Mobile Mini Holdings Corp.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • Rising world population drives demand for affordable housing

  • Urbanization: a major driver of growth

  • Expanding middle-class population bodes well for future growth

  • Prefabricated to solve major problems in the construction industry

  • Prefabricated houses: a palliative solution for emergency housing

  • The Global “Green Building” Trend Bodes Well for the Precast Market

  • Top Drivers for Future Adoption of Green Building Practices by Contractors in North America: Ranked in Order of Importance

  • Growing adoption of BIM increases adoption of model-driven prefabrication

  • 3D printing improves the prefabrication process

  • The corporate sector relies on the prefab model for office space needs

  • Educational institutions invest in prefabricated buildings

  • Prefabricated buildings are gaining ground in the healthcare sector

  • Industrial companies take a prefabricated approach

  • Military sector: one of the main proponents of the prefabricated model

  • The contribution of the agricultural sector to income remains high

  • The prefabricated model is completely sufficient for the construction needs of the construction site

  • Metal Roofing Systems Spot Strong Opportunities

  • Optimally Designed Steel Frame Buildings Gain Traction

  • Public misconceptions hinder widespread adoption of prefab housing

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/mkdiar

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