The prefabricated construction industry in United Kingdom is expected to grow by 5.2% to reach GBP 17.31 billion in 2024.
The medium to long-term growth story in United Kingdom remains intact. The prefabricated construction industry in United Kingdom is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.7% during 2024-2028. The prefabricated construction output in the country is expected to reach GBP 20.78 billion by 2028.
The prefabricated construction industry is expected to record steady growth over the medium term in the United Kingdom. Firms are expanding their manufacturing capacity both in the domestic and global markets. MMY Global, for instance, announced that the firm is investing US$6.1 million to set up a manufacturing facility in West Louisville, in the United States in February 2024.
However, due to growing losses amid an uncertain economic environment, some of the firms like TopHat have put their expansion projects on hold indefinitely. NHS, on the other hand, has expanded the modular building framework to cover new sectors in the United Kingdom. This will aid market growth over the medium term. Overall, the publisher maintains a positive growth outlook for the prefabricated construction market over the next three to four years.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in United Kingdom. This is a databook offering, which primarily provides data-centric analysis with charts and tables.
The medium to long-term growth story in United Kingdom remains intact. The prefabricated construction industry in United Kingdom is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 4.7% during 2024-2028. The prefabricated construction output in the country is expected to reach GBP 20.78 billion by 2028.
The prefabricated construction industry is expected to record steady growth over the medium term in the United Kingdom. Firms are expanding their manufacturing capacity both in the domestic and global markets. MMY Global, for instance, announced that the firm is investing US$6.1 million to set up a manufacturing facility in West Louisville, in the United States in February 2024.
However, due to growing losses amid an uncertain economic environment, some of the firms like TopHat have put their expansion projects on hold indefinitely. NHS, on the other hand, has expanded the modular building framework to cover new sectors in the United Kingdom. This will aid market growth over the medium term. Overall, the publisher maintains a positive growth outlook for the prefabricated construction market over the next three to four years.
United Kingdom-based modular housing firms are expanding their manufacturing capacity in the domestic and global markets
With the market poised for accelerated growth over the next five years, United Kingdom-based prefabricated construction firms are planning to expand their manufacturing capabilities. As a result, firms are investing millions of dollars into the development of new facilities in markets like the United Kingdom and the United States.- MMY Global, based in the United Kingdom, announced that the firm is investing US$6.1 million to set up a manufacturing facility in West Louisville, in the United States in February 2024. This is the first manufacturing unit for the UK-based firm in the United States. The firm, notably, has received a grant of US$500,000 from the Louisville Metro Government to open the facility on Beech Street. With the new manufacturing facility, the firm will be able to produce up to 500 units per year, having an opportunity to grow this to 1,000 units annually. The production, at the Louisville facility is expected to commence later in 2024.
NHS has expanded the modular buildings framework to cover new sectors in the United Kingdom
As many as 21 specialized firms are competing for spots on the new NHS Shared Business Services (SBS) modular building framework. This revamped framework is expanding to include new sectors and is expected to double its workload to an impressive £3.6 billion over the next four years.- The updated framework offers a major growth opportunity for modular specialists and access to new, previously unexplored sectors. This expansion is likely to attract joint venture bids from leading modular companies, similar to how industry giants like Kier and McAvoy succeeded with the Crown Commercial Services partnership awarded in 2023.
TopHat has postponed the opening of its new facility on hold indefinitely in the United Kingdom
TopHat, in March 2024, announced that it was indefinitely postponing the opening of the new manufacturing facility in Corby. The firm has invested millions of dollars into the development of that factory and it was intended to help the firm in expanding its production capacity from 800 a year to 4,800 annually. The firm was also hoping to leverage the new facility to turn profitable, from the current losses, over the medium term.- The manufacturing plant, on the new Magna Park Development, was initially slated to commence production in 2023. However, it has been delayed to an unspecified date in 2024. The firm also placed an order for 59 manufacturing robots. But none has been delivered yet. The unstable market conditions are among the factors that have forced TopHat to put the project on hold.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry with over 100+ KPIs, covering end markets, prefabricated/precast materials, and products in United Kingdom. This is a databook offering, which 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 in United Kingdom.
- Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction in United Kingdom.
- 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.
Scope
This report provides a detailed data-centric analysis of the prefabricated construction industry, 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 in United Kingdom. With over 100 KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.United Kingdom by Building Construction Sector
- Residential
- Single-Family
- Multi Family
- Commercial
- Office
- Retail
- Hospitality
- Other
- Institutional
- Industrial
United Kingdom by Prefabrication Methods
- Panelised construction
- Modular (Volumetric) construction
- Hybrid (Semi-volumetric) construction
United Kingdom by Prefabricated Material
- Aluminium
- Wood
- Iron & Steel
- Concrete
- Glass
- Other
United Kingdom by Prefabricated Product
- Building Superstructure
- Roof Construction
- Floor Construction
- Interior Room Modules
- Exterior Walls
- Columns & Beams
- Other
United Kingdom by Prefabricated Product
- 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)
United Kingdom by Prefabrication Construction Sector
- 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.
- 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 United Kingdom.
- 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
1. About this Report
3. United Kingdom Prefabricated Building Construction Market Dynamics by Prefabrication Methods
4. United Kingdom Prefabricated Product Demand Analysis and Outlook
5. United Kingdom Prefabricated Material Demand Analysis and Outlook
6. United Kingdom Prefabricated Market Dynamics and Outlook by Construction Sector
7. United Kingdom Residential Prefabricated Construction Market Dynamics and Outlook
8. United Kingdom Commercial Prefabricated Construction Market Dynamics and Outlook
9. United Kingdom Residential Construction Demand Analysis and Outlook by Prefabricated Products
10. United Kingdom Commercial Construction Demand Analysis and Outlook by Prefabricated Products
11. United Kingdom Industrial Construction Demand Analysis and Outlook by Prefabricated Products
12. United Kingdom Institutional Construction Demand Analysis and Outlook by Prefabricated Products
13. United Kingdom Prefabricated Building Superstructure Demand Analysis by Material
14. United Kingdom Prefabricated Roof Demand Analysis by Material
15. United Kingdom Prefabricated Floor Demand Analysis by Material
16. United Kingdom Prefabricated Interior Room Modules Demand Analysis by Material
17. United Kingdom Prefabricated Exterior Walls Demand Analysis by Material
18. United Kingdom Prefabricated Columns and Beams Demand Analysis by Material
19. Further Reading
List of Figures
List of Tables