The global prefabricated construction market is poised for strong growth over the medium term. Many global firms are expanding their presence in the international market to tap into the high-growth sector in 2024. Module-T, for instance, launched its first warehouse in southern France in October 2023 and is planning to expand in the North American region in 2024.
Firms are also entering into strategic partnerships to share technology and manufacturing processes. This is part of the strategy to develop new projects in the global markets through collaboration with traditional construction firms. These strategic partnerships are expected to drive the competitive landscape in 2024. Overall, the publisher maintains a positive growth outlook for the global 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 Global 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.
Firms are also entering into strategic partnerships to share technology and manufacturing processes. This is part of the strategy to develop new projects in the global markets through collaboration with traditional construction firms. These strategic partnerships are expected to drive the competitive landscape in 2024. Overall, the publisher maintains a positive growth outlook for the global prefabricated construction industry over the next three to four years.
Prefabricated construction firms are planning to expand their international presence in 2024
With the global market poised to record strong growth over the medium term, due to rising demand for prefabricated solutions, firms are planning to expand their geographical presence in 2024.- Module-T, one of the leading manufacturers of prefabricated containers known for its portable cabins, launched its first warehouse in southern France in October 2023. The Turkish firm seeks to strengthen its presence in the French market and speed up monobloc road shipments across Europe with this new facility.
- The firm produces 12,000 portable cabins and prefabricated modular containers each year. Module-T also specializes in creating and furnishing standalone prefabricated homes, bungalows, and vacation residences. The firm aims to achieve a turnover of US$45 million by 2025.
Firms are forging strategic alliances to share technology and manufacturing processes in 2024
Elements Europe, the United Kingdom-based volumetric modular construction firm, entered into a strategic partnership with South Korean housing developer in December 2023. The collaboration is part of the strategy to help Gyeonggi Housing and Urban Development Corporation (GHUDC) develop its high-rise modular technology. Elements Europe, notably, is a subsidiary of GS Engineering and Construction. The Korean contractor has a 75% stake in the UK-based firm.- In the United Kingdom, Elements Europe is currently building a 23-storey hotel on East Road in Shoreditch, London, which is expected to be finished by the second half of 2024. Furthermore, the offsite modular specialist is also delivering a 550-home build-to-rent project called Smith’s Garden in Birmingham. The 1,143 modules required for this project will be manufactured in Telford from November 2023 to January 2025.
- In addition to sharing technology and manufacturing processes, global firms are also collaborating to develop and distribute modular homes in the United States. ABJA Ohana LLC, in December 2023, entered into a strategic alliance with TLC Modular Construction LLC, the Vietnam-based factory-built housing provider. Under the alliance, ABJA Ohana LLC has secured an exclusive distribution agreement.
Housing crisis is expected to drive investment in the Australian prefabricated construction industry in 2024
To tackle the housing crisis, Australia has agreed to build 1.2 million new homes over the next five years. However, the ambitious target is threatened due to the shortage of construction workers. The shortage of skilled labor has also resulted in project delays.- To tackle these problems, including labor shortages and project delays, developers are now trailing prefabricated construction methods. This is part of their strategy to fast-track housing supply in Australia in 2024 and beyond. Housing giant Mirvac, following the lead of Scandinavian countries, is trailing the technology in Australia. The firm has been able to reduce the construction times of new units to 12 weeks.
This market intelligence report provides a detailed view of market opportunities in the prefabricated building construction industry at Global 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 20 reports (1620 tables and 1960 charts):
- Country Report 1 - Australia Prefabricated Construction Industry Databook Series
- Country Report 2 - Brazil Prefabricated Construction Industry Databook Series
- Country Report 3 - China Prefabricated Construction Industry Databook Series
- Country Report 4 - France Prefabricated Construction Industry Databook Series
- Country Report 5 - Germany Prefabricated Construction Industry Databook Series
- Country Report 6 - India Prefabricated Construction Industry Databook Series
- Country Report 7 - Indonesia Prefabricated Construction Industry Databook Series
- Country Report 8 - Mexico Prefabricated Construction Industry Databook Series
- Country Report 9 - Nigeria Prefabricated Construction Industry Databook Series
- Country Report 10 - Philippines Prefabricated Construction Industry Databook Series
- Country Report 11 - Qatar Prefabricated Construction Industry Databook Series
- Country Report 12 - Russia Prefabricated Construction Industry Databook Series
- Country Report 13 - Saudi Arabia Prefabricated Construction Industry Databook Series
- Country Report 14 - Singapore Prefabricated Construction Industry Databook Series
- Country Report 15 - South Africa Prefabricated Construction Industry Databook Series
- Country Report 16 - Turkey Prefabricated Construction Industry Databook Series
- Country Report 17 - United Arab Emirates Prefabricated Construction Industry Databook Series
- Country Report 18 - United Kingdom Prefabricated Construction Industry Databook Series
- Country Report 19 - United States Prefabricated Construction Industry Databook Series
- Country Report 20 - Vietnam Prefabricated Construction Industry Databook Series
Scope
This report provides a detailed data-centric analysis of the prefabricated construction industry at Global 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 20 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: