Prefabricated Building Systems Market: By Dimensions (Cellular System, Combined System, Panel System and Skeleton System), By Module Type (Kitchenettes, Bathroom Pods and Others), By Application (Non-Residential and Residential)  and Geography  

Prefabricated Building Systems Market Dynamics

The construction industry has been identified as one of the sectors key to sustainable development. In addition to its basic role of providing shelter, the sector contributes significantly to the Gross Domestic Product (GDP) of both developing and developed countries, and plays an equally important role in the creation of employment. The industry has vast potential, however, for improving productivity and efficiency, thanks to digitalization, innovative technologies and new construction techniques. Prefabrication and modularization are construction processes that the industry has used for centuries. Prefabricated construction is becoming more common, improving in quality and has become available in a variety of budgets. Despite the perception of prefabrication, there are numerous benefits to this type of construction. Prefabricated construction is the practice of assembling a variety of components of a structure at a manufacturing site and transporting those sub-assemblies to the location of the construction jobsite.