The Global Market for Nonresidential Prefabricated Building Systems is Projected to Reach US$88.8 Billion by 2022

Growing Focus on Construction Efficiency & Productivity Spurs Popularity of Nonresidential Prefabricated Building Systems, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Nonresidential Prefabricated Building Systems market. The global market for Nonresidential Prefabricated Building Systems is projected to reach US$88.8 billion by 2022, driven by the growing focus on construction efficiency and productivity and the resulting interest in benefits offered by "Factory-Built Building".

Nonresidential prefabricated building systems is an emerging segment of the nonresidential construction market, wherein 50%-90% of construction of structures is completed at an off-site facility in a controlled environment and then transported to or assembled at the final site of building. Using prefabricated and pre-assembled building services systems helps builders in enhancing the overall performance of the project. Off-site manufacturing at factories brings about superior quality structures, ensures conformance to stringent building codes and regulations, reduces on-site works, reduced wastage of materials, lower capital costs, quicker installation, erection, commissioning and on time completion. Accelerated speed of construction allows for faster occupancy. The two major advantages of prefabricated building over conventional on-site construction are reduced construction costs and time. Although an aging concept, pre-fabrication construction methods have for long been mired in issues related to quality and reliability. The concept is nevertheless making a comeback rising on the emerging wave of ‘Green Constructions’ and emphasis on Building Information Modeling (BIM) technologies. BIM technologies are growing in popularity for their ability to facilitate better integration of construction components. As focus increasingly shifts towards the establishment of buildings to the highest environmental standards, the prefab revolution is getting underway in the construction industry. Changing economic conditions, regulatory framework and cultural factors are therefore driving growth in the market.

Modular steel framed structures are also highly recyclable. When dismantled, components of the steel-framed building can be reused, re-melted and recycled. In addition, steel can be easily separated from waste streams enabling higher recovery rates, reduced pollution and landfills. A growing number of commercial building structures, like healthcare, educational, retail, and industrial facilities are migrating to steel-framed modular projects. As stated by the new market research report on Nonresidential Prefabricated Building Systems, Asia-Pacific represents the largest market worldwide. Trailing a CAGR of 9.3% over the analysis period, the region also ranks as the fastest growing market, led by stable GDP gains in Asian economies, rising public and private investments in industrial, commercial, and institutional construction projects, growing investments in green building techniques, and rising interest in new construction technologies that promise enhanced productivity and competitiveness of construction projects.

Major players covered in the report include Alan Pre-Fab Building Corp., Algeco Scotsman, ALHO Systembau GmbH, Allied Modular Building Systems Inc., American Buildings Company, Brytex Building Systems Inc., Butler Manufacturing Company, Cadolto Fertiggebaude GmbH & Co. KG, Consolis Service Co SA NV, Flexator AB, Inland Buildings Corp., Lester Building Systems, LLC, Madison Industries Inc., NCI Building Systems Inc., Normerica Building Systems Inc., Nucor Building Systems, Oldcastle Precast Inc., Rollalong Ltd., United Structures of America Inc., Varco Pruden Buildings Inc., Whitley Manufacturing Company Inc., and Yves Cougnaud S.A. among others.

The research report titled “Nonresidential Prefabricated Building Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and strategic industry activities of global companies. The report provides market estimates and projections for Nonresidential Prefabricated Building Systems in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America and Rest of World. The report also analyzes Nonresidential Prefabricated Building Systems market by Type – Metal Building Systems, Modular Building Systems, Panelized Precast Concrete Systems, and Others (Autoclaved Aerated Concrete Building Systems, among others).

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.