The Asia Pacific prefabricated construction market is poised for strong growth over the medium term. The real estate and construction sector is transforming in the Indian market. This comes as industry leaders like Larsen & Toubro and Tata Realty & Infrastructure embrace prefabrication and precast technology. In India, the adoption of prefab technology is also aided due to rising awareness and the shortage of skilled manpower.
The regional growth, however, is expected to be led by markets like China, where both the private and public sector is investing in the prefabricated construction. In Australia, too, the government is vouching for modular construction practices to solve the never-ending housing crisis problem. Overall, the publisher maintains a positive growth outlook for the Asia Pacific prefabricated construction industry over the next three to four years.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry at Asia Pacific and country level. With over 100+ KPIs, covering end markets, prefabricated/precast materials, and products at country level, this databook offering primarily provides data-centric analysis with charts and tables.
The regional growth, however, is expected to be led by markets like China, where both the private and public sector is investing in the prefabricated construction. In Australia, too, the government is vouching for modular construction practices to solve the never-ending housing crisis problem. Overall, the publisher maintains a positive growth outlook for the Asia Pacific prefabricated construction industry over the next three to four years.
The adoption of prefabrication technology is growing rapidly in the Indian market in 2024
The real estate and construction sector is transforming in the Indian market. This comes as industry leaders like Larsen & Toubro and Tata Realty & Infrastructure embrace prefabrication and precast technology.- Larsen & Turbo (L&T) revealed that their clients are widely accepting prefab construction technology due to faster construction time and project deliveries using off-site modular construction methods. The adoption of prefab technology is also aided due to rising awareness and the shortage of skilled manpower. L&T, in 2023, completed the construction of a 7-storey flight control system integration facility for DRDO in 45 days. The firm achieved the feet using integrated hybrid modular construction technology. The firm also delivered 96 apartments in 96 days, built with precast, for CIDCO.
China is expected to lead the prefabricated construction market across the region in 2024
The prefabricated construction market is poised for accelerated growth in China over the next three to four years. Several new projects have been undertaken by the public and private sector, aiding the growth of the regional industry as well.- Broad Group Holon, in January 2024, built a 26-storey apartment building in Xiangyin county, Hunan province. The apartment building is being constructed to house people hired through a special talent program in Xiangyin. Each floor of the building has eight 68-square-meter apartments and four elevators. The company is also providing furnishings for the apartments.
- The Broad Group, in 2021, built an 11-storey apartment building in Changsha, the provincial capital, in just 28 hours and 45 minutes. This impressive speed was achieved using the firm’s Holon building method, which simplifies the transportation and installation of materials. The apartments are prefabricated in a factory as modular units measuring 12 meters long, 3 meters high, and 2.4 meters wide.
NSW Planning and Public Spaces Minister vouched for modular construction to address housing crisis
Across Australia, modular housing solutions have been trialed with great success. Many regional governments are touting prefabricated construction methods as an efficient solution to alleviate supply-side issues. The Western Australian government, in 2023, revealed that over 200 prefabricated homes were being built as part of the A$2.4 billion plan to combat homelessness. The Victorian government, in 2022, also announced an A$30.38 million plan to build 114 energy-efficient modular homes.- NSW Planning and Public Spaces Minister Paul Scully, in January 2024, recognized modular construction as a key solution to the state's housing crisis. Currently, there are more than 50,000 people on the social housing waitlist in NSW. The minister emphasized the urgent need to build 377,000 new houses and highlighted that modular housing is faster and more efficient than traditional construction methods.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry at Asia Pacific and country level. With over 100+ KPIs, covering end markets, prefabricated/precast materials, and products at country level, this databook offering primarily provides data-centric analysis with charts and tables.
- End Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the prefabricated industry at country level.
- Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction.
- Prefabricated Materials: Provides demand analysis across 7 key materials such as aluminum, wood, iron & steel, concrete, glass, and other.
- Prefabricated Products: Provides demand analysis of market by 7 key products such as building superstructure, roof construction, floor construction, interior room modules, exterior walls, columns & beams, and other.
This title is a bundled offering, combining the following 13 reports (1053 tables and 1274 charts):
- Country Report 1 - Australia Prefabricated Construction Industry Databook Series
- Country Report 2 - Bangladesh Prefabricated Construction Industry Databook Series
- Country Report 3 - China Prefabricated Construction Industry Databook Series
- Country Report 4 - India Prefabricated Construction Industry Databook Series
- Country Report 5 - Indonesia Prefabricated Construction Industry Databook Series
- Country Report 6 - Malaysia Prefabricated Construction Industry Databook Series
- Country Report 7 - Philippines Prefabricated Construction Industry Databook Series
- Country Report 8 - Singapore Prefabricated Construction Industry Databook Series
- Country Report 9 - South Korea Prefabricated Construction Industry Databook Series
- Country Report 10 - Japan Prefabricated Construction Industry Databook Series
- Country Report 11 - Taiwan Prefabricated Construction Industry Databook Series
- Country Report 12 - Thailand Prefabricated Construction Industry Databook Series
- Country Report 13 - Vietnam Prefabricated Construction Industry Databook Series
Scope
This report provides a detailed data-centric analysis of the prefabricated construction industry at Asia Pacific and country level, covering market opportunity, and industry dynamics by prefabricated materials, methods, and products across various construction sectors. In addition, it provides market size and forecast of the prefabricated industry covering end markets along with demand analysis. With over 100 KPIs at the country level, this bundled offering provides comprehensive understanding of market dynamics at a more granular level.Precast Market Size and Forecast by Building Construction Sector, 2019-2028
- Residential
- Single-Family
- Multi Family
- Commercial
- Office
- Retail
- Hospitality
- Other
- Institutional
- Industrial
Market Size and Forecast by Prefabrication Methods, 2019-2028
- Panelised construction
- Modular (Volumetric) construction
- Hybrid (Semi-volumetric) construction
by Prefabricated Material
- Aluminium
- Wood
- Iron & Steel
- Concrete
- Glass
- Other
Market Size and Forecast by Prefabricated Product, 2019-2028
- Building Superstructure
- Roof Construction
- Floor Construction
- Interior Room Modules
- Exterior Walls
- Columns & Beams
- Other
Market Size and Forecast by Prefabricated Product, 2019-2028
- Aluminium (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Wood (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Iron & Steel (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Concrete (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Glass (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Other (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
Market Size and Forecast by Prefabrication Construction Sector, 2019-2028
- Residential (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Commercial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Industrial (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
- Institutional (Building Superstructure, Roof Construction, Floor Construction, Interior Room Modules, Exterior Walls, Columns & Beams, Other)
Reasons to buy
- In-depth Understanding of Prefabricated/Precast Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 50+ market segments at regional and country level.
- Deeper Segmentation of Prefabricated Product Analysis: Market size and forecast by prefabricated products, materials, and construction sectors.
- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in prefabricated/precast construction industry in the region and country.
- Comparable Data: Get detailed and comparable data for the prefabricated/precast market size. The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
Table of Contents
This title is a bundled offering, combining the following 13 reports:
1. About this Report
3. Prefabricated Building Construction Market Dynamics by Prefabrication Methods
4. Prefabricated Product Demand Analysis and Outlook
5. Prefabricated Material Demand Analysis and Outlook
6. Prefabricated Market Dynamics and Outlook by Construction Sector
7. Residential Prefabricated Construction Market Dynamics and Outlook
8. Commercial Prefabricated Construction Market Dynamics and Outlook
9. Residential Construction Demand Analysis and Outlook by Prefabricated Products
10. Commercial Construction Demand Analysis and Outlook by Prefabricated Products
11. Industrial Construction Demand Analysis and Outlook by Prefabricated Products
12. Institutional Construction Demand Analysis and Outlook by Prefabricated Products
13. Prefabricated Building Superstructure Demand Analysis by Material
14. Prefabricated Roof Demand Analysis by Material
15. Prefabricated Floor Demand Analysis by Material
16. Prefabricated Interior Room Modules Demand Analysis by Material
17. Prefabricated Exterior Walls Demand Analysis by Material
18. Prefabricated Columns and Beams Demand Analysis by Material
19. Further Reading
All country reports mentioned above will have the following figures:
All country reports mentioned above will have the following tables: