Global Prefabricated Building Market Study, 2020-2025 Featuring Profiles of Key Players Algeco Scotsman, ATCO, Bouygues Construction and Red Sea Housing.
M2 PRESSWIRE-April 8, 2020-: Global Prefabricated Building Market Study, 2020-2025 Featuring Profiles of Key Players Algeco Scotsman, ATCO, Bouygues Construction and Red Sea Housing
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RDATE:08042020
The "Prefabricated Building Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
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The study considers the present scenario of the prefabricated building market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.
The prefabricated building market is expected to grow at a CAGR of over 8% during the period 2019-2025.
The prefabricated building market is likely to grow significantly due to the rise in infrastructure development and the growth in residential and commercial sectors. Prefab houses are affordable and can be built in less time, which is expected to positively influence the market in the APAC region due to the growing middle-class population and rapid urbanization.
Prefab buildings are energy-efficient and high on sustainability. The increasing awareness of construction wastage on the environment has driven people worldwide to adopt the green buildings concept, which is expected to bolster the market, especially in developed regions. Government-sponsored initiatives in developing countries to provide affordable houses in less time is another major factor affecting growth.
Prefabricated construction provides structural strength that allows buildings to withstand earthquakes. Hence, prefab buildings are likely to generate demand from seismic-sensitive countries such as Japan, China, Iran, Indonesia, Turkey, Mexico, and Nepal.
The following factors are likely to contribute to the growth of the prefabricated building market during the forecast period:
- Mass Township Projects
- Shifting Focus: Profit, People, Planet
- Increase in Demand for Branded Designers
- Expansion of Prefabricated Market
- Big Opportunity in Developing Countries
Prefabricated Building Market: Segmentation
This research report includes a detailed segmentation by application, material, system, and geography.
Increasing commercial spaces such as shopping...
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