Global Offsite Construction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Offsite Construction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Offsite Construction market finds that the global Offsite Construction market reached a value of USD 164903.73 million in 2022. It’s expected that the market will achieve USD 269035.09 million by 2028, exhibiting a CAGR of 8.5% during the forecast period.

Market Drivers and Impact

The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is gross domestic product. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate. There isn't too much inflation or deflation. That's a Goldilocks economy.
On December 7, Eurostat announced the final GDP value of the Eurozone in the third quarter and other data. Eurozone GDP in the third quarter reached 2.2% quarter-on-quarter for two consecutive quarters. By country, Austria (3.8%) has the highest GDP growth rate, followed by France (3%) and Portugal (2.9%); Romania and Slovakia have the lowest growth rate (0.4%). It is worth noting that the steady growth of Eurozone GDP in the third quarter means that the recovery phase of most parts of the Eurozone is almost complete.For off-site construction, Europe is a larger market.
In 2021, China's imports and exports will grow more than expected due to the stimulus of European and American fiscal and monetary policies, the misalignment of overseas supply and demand, the complete industrial chain system, and the supply substitution effect caused by the fluctuation of the epidemic.
Exports in 2022 and 2021 will remain resilient, but the growth rate may slow marginally. China’s exports in 2022 are expected to grow at a rate of 10% year-on-year.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Sekisui House is one of the major players operating in the Offsite Construction market, holding a share of 5.20% in 2021.

Sekisui Housing Co., Ltd. is one of Japan's largest housing builders, headquartered in Umeda, Osaka. In 1960, the housing division of Sekisui Chemical Industry was established as the main body, with a capital of 100 million yen. At that time, it was called Sekisui Housing Industry Co., Ltd. , and was changed to its current name in 1963.

Laing O'Rourke is an international engineering and construction company that provides state-of-the-art infrastructure and construction projects to customers in the United Kingdom, the Middle East and Australia.

Segmentation Overview:

Among different product types, Prefab Construction segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Offsite Construction market covered in Chapter 3:

Kleusberg GmbH & Co. (KG)
Broad Group
Anderco Pte. Ltd
Skanska AB
Sekisui House
SG Blocks Inc
ATCO
Zhongtong Steel Structure Co.,Ltd
Red Sea Housing
Speed House Group of Companies
Giant Containers Inc
Vaughan Buckley
Dvele
Laing O-Rourke
Honomobo Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Offsite Construction market from 2018 to 2029 is primarily split into:

Prefab Construction
Modular Construction

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Offsite Construction market from 2018 to 2029 covers:

Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)