Global Prefabricated Construction Market 2024-2028
The prefabricated construction market is forecasted to grow by USD 66.92 bn during 2023-2028, accelerating at a CAGR of 8.72% during the forecast period. The report on the prefabricated construction market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for prefabricated construction in healthcare, high spending on renovation of homes, and growing demand for light-weight construction materials.
Technavio's prefabricated construction market is segmented as below:
By Application
- Non-residential
- Residential
By Material
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the sustainability gaining traction in construction industry as one of the prime reasons driving the prefabricated construction market growth during the next few years. Also, the increasing number of mergers and acquisitions among vendors and increasing investment by industries in prefabricated construction will lead to sizable demand in the market.
The report on the prefabricated construction market covers the following areas:
- Prefabricated construction market sizing
- Prefabricated construction market forecast
- Prefabricated construction market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading prefabricated construction market vendors that include Abtech Inc., Asian Prefab Construction Co., Black Diamond Group Ltd., Easi Set Worldwide, Everest Industries Ltd., Henan K Home Steel Structure Co. Ltd, M. A. Mortenson Co., Modular Genius, Morgan USA., Nadler Modular, NELSON CORPORATE, Panel Built Inc., Par-Kut International, Plant Prefab Inc., Satellite Shelters Inc., Specialty Modular, The Boldt Co., United Partition Systems Inc., United Rentals Inc., and VESTA Modular LLC. Also, the prefabricated construction market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.