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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Prefabricated Building Systems Market: By Dimensions, By Module Type, By Application and Geography
Prefabricated Building Systems Market: By Dimensions, By Module Type, By Application and Geography
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
Asia PacificFastest Growing Market
North America
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.
Asia Pacific accounted for larger revenue share in global prefabricated building systems market with considerable CAGR due to growing residential and industrial activities. Also, China and Japan are the major contributors for the growth of the market in this region owing to substantial expansion of rail and road infrastructure by the Chinese government. In recent years, the entry of major construction players in China has additionally enhanced the growth of this industry. In addition, North America held considerable market share during predicted period owing to demand for single and multi-family homes, led by low mortgage rates.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 188.6 billion |
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Market CAGR |
6.2% |
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By Dimensions |
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By Module Type |
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By Application |
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The global prefabricated building systems market size was valued at US$ 188.6 billion in 2023 and is projected to grow at a CAGR of 6.2% from 2024-2030.
The Prefabricated Building Systems Market Key Players are Algeco Scotsman Astron Buildings Butler Manufacturing Company Champion Home Builders Inc. Kirby Building Systems LLC Lindal Cedar Homes, Inc Modern Prefab Systems Pvt. Ltd
Asia Pacific is the fastest region in the Prefabricated Building Systems Market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.