The global Pre-Fabricated Buildings & Structures market reached a value of about USD 79.9 billion in 2021. The industry is projected to grow at a CAGR of around 5% in the forecast period of 2022-2027 to reach a value of about USD 110.2 billion by 2027.
The global Pre-Fabricated Buildings & Structures industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising construction sector is driving the market. In the industry report, the key demand indicator is the highest category spender by region—North America.
A pre-fabricated building, or prefabs, are structures made out of pre-fabricated components (such as walls, roofs, and floors) that are assembled using prefabrication techniques at a plant or manufacturing facility. These parts can be constructed wholly or partially at a factory before being transported to the building site. Temporary construction facilities, office spaces, hospital camps, evacuation centres, schools, apartment towers, and single-detached houses are common uses for pre-fabricated buildings. The Pre-Fabricated Buildings & Structures industry report comprises segments by application (Residential, Commercial) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The North American region holds the largest share in the industry as the need for pre-fabricated building structures is expanding, driving up the number of infrastructure projects. Pre-fabricated building construction is becoming more popular among developers as the residential sector in the United States grows.
The market is being driven by ongoing investments in construction development, chiefly residential. Rising warehousing demand owing to the rapid development of the e-commerce sector is also driving the market's growth. The renewed focus on upgrading healthcare facilities, paired with a chronic labour shortage, furthers the industry's expansion. The sector is likely to increase significantly because of growing awareness of current off-site construction procedures. Furthermore, as the need for green buildings grows worldwide, the focus is changing away from typical steel buildings and toward PEB, which uses less energy during and after construction. Various construction companies worldwide are taking steps to reduce their buildings' energy consumption and obtain green building certifications, thus resulting in increased growth.
Nevertheless, varying prices of steel along with lesser market infiltration in developing countries and the unattainability of competent labour and improved technologies in some of the regions are anticipated to curb the progress of the market.
The global Pre-Fabricated Buildings & Structures industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by significant international Pre-Fabricated Buildings & Structures regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
These building materials are pre-fabricated in a facility off-site and then delivered to the intended place for assembly. Pre-fabricated homes combine traditional homeownership with cutting-edge technology. These homes are pre-fabricated in off-site locations utilising various processes such as 3-D printing and then erected on-site. Even though the prefab homes are built on fixed foundations, their structures are pre-fabricated in pieces. This makes dismantling, transporting, and reassembling these dwellings a breeze. Prefab dwellings are less expensive, ecological, and more attractive than traditional residences. Concrete-based and metal-fabricated construction materials are employed in the construction of prefab dwellings.
The various trends in the market are propelling the industry. Increased use of BIM in multiple countries has prompted pre-fabricated construction, as BIM facilitates design flow and delivers data-centric information based on design, specification, and construction challenges. Using BIM to manage time, errors, and the cost is a significant benefit driving the market. Seismic zones, design regulations, loading factors, wind speed, and other factors are considered while utilising software like MBS, Staad Pro, and E-TAB. PEB Buildings have undergone a significant transformation from 2D to 3D detailing. In addition, Primary market participants are actively involved in product development, R&D, obtaining new skills in steel structures, upgrading products to comply with amended regulations, and project management. Companies are also customising their provided items to strengthen their position in the global marketplace.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
This study examines the major players in the pre-fabricated construction business. Although the market is fragmented, it is expected to rise throughout the forecast period as prefab construction building investments and upcoming large projects in various developing and developed countries increase.
1. Executive Summary
2. Pre-Fabricated Buildings & Structures Industry Snapshot
2.1. Pre-Fabricated Buildings & Structures Market Outlook
2.2. Pre-Fabricated Buildings & Structures Industry Analysis by Application
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Pre-Fabricated Buildings & Structures Value Chain Analysis
5. Pre-Fabricated Buildings & Structures Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Pre-Fabricated Buildings & Structures Cost Structure
9. Pre-Fabricated Buildings & Structures Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Pre-Fabricated Buildings & Structures Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. BlueScope SteeI Ltd.
15.2. Kirby Building Systems
15.3. Zamil Steel Pre-Engineered Buildings Company Limited
15.4. PEB Steel Building Co. Ltd.
15.5. Global Steel Company
The global Pre-Fabricated Buildings & Structures market size was valued at USD 79.9 billion in 2021.
As per the application provided, the Commercial segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the services owing to the increasing infrastructural activities is one of the essential drivers of the Pre-Fabricated Buildings & Structures market growth.
BlueScope Steel Ltd., Kirby Building Systems & Structures India Private Limited, Zamil Steel Holding Company Ltd., and PEB Steel Building Co. Ltd. are some of the key companies in the market.
The North American region of the Pre-Fabricated Buildings & Structures industry holds a significant share in the market.
The global Pre-Fabricated Buildings & Structures market attained a value of USD 79.9 billion in 2021, driven by the ongoing investments in construction development, chiefly residential. Furthermore, as the need for green buildings grows worldwide, the focus is changing away from typical steel buildings and toward PEB, which uses less energy during and after construction driving the market's expansion. Aided by the growing technological advancements, like increased use of BIM, 2D to 3D detailing, and other R&D efforts, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5%. The market is projected to reach USD 110.2 billion by 2027. Some of the leading players in the industry are BlueScope Steel Ltd., Kirby Building Systems & Structures India Private Limited, Zamil Steel Holding Company Ltd., PEB Steel Building Co. Ltd.
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