Asia-pacific Prefabricated Construction Market Forecast 2023-2032

Asia-pacific Prefabricated Construction Market Forecast 2023-2032

KEY FINDINGS
The Asia-Pacific prefabricated construction market is expected to record a CAGR of 8.96% during the forecast period, 2023-2032. The market growth is accredited to government initiatives in several Asian countries like Hong Kong, India, China, and Singapore. Also, in countries like China, affordable housing has become an urgent need. In addition, China is also a leading producer of prefabricated building materials.
MARKET INSIGHTS
India, Indonesia, Japan, Vietnam, South Korea, Australia & New Zealand, China, Thailand, and Rest of Asia-Pacific are analyzed for the Asia-Pacific prefabricated construction market growth assessment. The Japan prefabricated construction market is more mature and developed than other regions globally. Almost 15% of the new housing constriction in Japan is associated with prefabricated construction. The market development is also attributed to inspections by industry-specific trained professionals. In addition, Japan has some of the prominent prefabricated home manufacturers globally, such as Daiwa and Sekisui. Moreover, prefab manufacturers like Toyota Home and Panasonic Homes are entering the wooden housing business, with construction companies and local power builders gaining power.
Furthermore, in Vietnam, the surging middle-class population increases the demand for residential and housing sectors. As a result, builders are adopting new construction practices like prefabricated products. Accordingly, some of the major construction companies are collaborating with prefabricated equipment manufacturers to upgrade their construction material production lines. Also, the commercial segment is set to play an instrumental role in the Vietnam prefabricated construction market.
COMPETITIVE INSIGHTS
Some of the key companies in the market are Sekisui, Ritz-Craft Corporation, Segezha Group, Moelven, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments