Prefabricated Construction Market Analysis

The prefabricated buildings market is segmented on the basis of Product Type into Skeleton System (H formed frames, T formed frames and others), Panel Systems (Large Panel and Small Panel), Cellular Systems (Complete Cellular Systems, and Incomplete Cellular Systems), Combined Systems and others. Among them panel system holds the largest share in the market followed by the cellular systems. Ventilated thermal panel system is highly adopted by the residential and non-residential sector. As it offers some of the major advantages as it can be easily transported, short production time, easy installation, adaptable designs, easy relocation and can be used in any environmental condition. In addition it also offers homeowners and builders to produce faster and more energy efficient buildings. These reasons are boosting the market of prefabricated panel systems. Cellular systems is used for the production of multi-dimensional structures, it provides isolations in building.

On the basis of Component Type prefabricated buildings market can be segmented into Metal (steel, aluminum and others) and Non- Metal (concrete, glass, timber and others). Application of concrete is highly appreciated in prefabricated construction as it provides thermal barrier allowing the heat to escape and increase the energy efficiency of the entire frame work. Application of wood is also boosting the market of prefabricated construction like engineered joists, columns, and wall and floor structures. As it is provides easy shipping, recyclable, lightweight and also increase the strength of the framework.

The prefabricated buildings market is segmented by the End-user Industry Type into Residential (Private Dwellings, Apartments, Consortium, and Others), Commercial (Hospitals, Schools, Hotels, Shopping Malls, Retails, Banks, Airport, and Others), Industrial (Oil Refineries, Manufacturing Plants, Chemical Processing Plants, and Others). Out of all, commercial application is owning the highest share of market. Prefabricated construction is highly used in the construction of malls, hotels, airports, gyms, hospitals and others. As it takes less than half the time when compared to traditional construction. This is due to better upfront planning, elimination of on-site weather factors, subcontractor scheduling delays, and quicker fabrication as multiple pieces can be constructed simultaneously. Followed by industrial application and then residential application. As developing countries are investing highly on industries, we can see development of manufacturing plants, chemical process plants and other, highly adopting the process of prefabricated construction. With the increase in industries more people are moving to urban areas resulting in the growth of residential prefabricated construction.

Our in-depth analysis of the global prefabricated buildings market includes the following segments: