Global Prefab Market Overview to 2030 – Rising Infrastructure Investment Presents Opportunities – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Prefab Construction Market by Product Type, Construction Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

Global prefab construction was valued at $139,100.0 million in 2020 and is expected to reach $227,567.1 million by 2030, growing at a CAGR of 4.9% from 2020 to 2030.

Pre-engineered construction includes buildings and infrastructure where most structural components such as columns and beams are standardized and used in manufacturing facilities in a controlled location away from the actual construction sites. The precast technique is used to manufacture custom components such as columns, slabs, walls, stairs, beams and others.

Rising construction spending, increasing urbanization and industrialization in developing countries, increasing need for low-cost housing, increasing efficiency and productivity through prefab methods and increase in construction speed through prefab technology is driving the growth of the market.

For example, US government spending on public and private infrastructure activities increased by 20% between 2012 and 2020. In addition, there is rapid industrialization and urbanization in emerging markets such as China, India, South Korea, and Brazil, which is also fueling the growth of the prefab construction market.

Additionally, the increase in activities such as remodeling, renovation and renovation of old buildings is increasing the investments in the building and construction industry and further fueling the growth of the prefabricated construction market.

However, low customer confidence in prefab construction in earthquake-prone regions is expected to hamper the growth of the global prefab construction market. Additionally, the increase in the construction of new buildings is expected to provide lucrative opportunities for the growth of the global prefab construction market.

Key Benefits

  • The report provides an in-depth analysis of current and emerging global precast construction market trends and dynamics

  • In-depth market analysis is carried out by estimates of the global prefab construction market for key market segments between 2020 and 2030

  • An in-depth analysis of the global prefabricated construction market is carried out by following the positioning of key products and monitoring the main competitors within the scope of the market

  • Comprehensive analysis of all regions is provided to determine prevailing opportunities

  • Global Prefab Construction Market forecast analysis from 2021 to 2030 is included in the report

  • Leading market players within the market are profiled in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the global Prefab Construction market.

Market dynamics

Drivers

  • Growing urbanization and industrialization in developing countries

  • Increased construction speed with prefabrication technology

  • Need for development of low cost residential units

  • High efficiency of prefab construction

Constraints

  • Lack of confidence in prefabricated construction in an earthquake-prone region

  • Lack of skilled labor and infrastructure in developing countries

Opportunities

  • Increase investment in infrastructure

Key market segments

By product type

  • Posts & beams

  • Walls

  • Floors & Roofs

  • Stairs

  • Beams

  • paving slabs

  • Others

By construction type

  • Modular

  • Prefabricated houses

Per end user

  • Residential

  • Non-residential

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • Italy

  • UK

  • France

  • Spain

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Rest of Asia-Pacific

  • LAMEA

  • Latin America

  • Middle East

  • Africa

Key players

  • ACS Group

  • Balfour Beatty plc

  • Bouygues-Construction

  • Julius Berger Nigeria Plc

  • Kiewit Company

  • Komatsu Ltd

  • Laing O’Rourke

  • Feedback & Turbo Limited

  • Red Sea Accommodation Services

  • Taisei Corporation

For more information on this report visit https://www.researchandmarkets.com/r/ajigmk

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