Overview and Scope
Modular and prefabricated non-residential building construction is the process of building, altering, repairing, improving, or demolishing any non-residential building or structure which is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time.
Sizing and Forecast
The modular and prefabricated nonresidential building construction market size has grown strongly in recent years. It will grow from $72.56 billion in 2023 to $76.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing government initiatives, increasing urbanization and rise in modular construction.
The modular and prefabricated nonresidential building construction market size is expected to see strong growth in the next few years. It will grow to $94.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing population growth, increasing disposable income, growing environmental concerns, increase in mergers and acquisitions, increasing infrastructure development and rise in industrialization. Major trends in the forecast period include investing in mineral wool insulation materials, investing in invest in 3d printing technology for fast and improved capabilities and services, invest in advanced construction technology, invest in advanced robotics in modular construction. competitor-based strategies in the modular and prefabricated non-residential building construction industry include focusing partnerships and collaborations, strategic acquisitions and focuses on securing new contracts..
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Segmentation & Regional Insights
The modular and prefabricated nonresidential building construction market covered in this report is segmented –
1) By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal
2) By Application: Institutional, Industrial, Commercial, Agricultural
3) By End-User: Private, Public
Asia-Pacific was the largest region in the modular and prefabricated nonresidential building construction market in 2023. Africa is expected to be the fastest-growing region in the global modular and prefabricated nonresidential building construction market share during the forecast period. The regions covered in the modular and prefabricated nonresidential building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The global modular and prefabricated nonresidential building construction market is expected to grow in the forecast period due to an increase in urbanisation and industrialization. According to the World Economic Forum, in 2021, 56.5 percent of the world’s population was urban. In Northern American countries, urban populations accounted for the greatest proportion—82.75 percent of residents lived in cities in 2021. As per World Urbanization Prospects by the United Nations, the largest urban growth will take place in India, China, and Nigeria. The rapid growth and development of urban housing demands more precise planning timelines and reduced prices. Due to this, construction firms are adopting cost-effective, proven technologies like precasting to ensure the highest standards and uniform quality that can be met by prefabricated technology.
Key Industry Players
Major companies operating in the modular and prefabricated nonresidential building construction market report are WillScot Mobile Mini Holdings Corp, ATCO Ltd, Algeco, Fleetwood Limited, Red Sea International Company, KLEUSBERG GmbH & Co. KG, Kirby Building Systems, Champion Home Builders, Inc, Guerdon, LLC, ALHO Systembau GmbH, Jeshy Building Concepts Pty Ltd, F J Ventures Limited, R.R.Enterprises, Ramky Infrastructure Limited, Katerra India Private Limited, Rain City Industries Pty Ltd, JM Industries Pty Ltd, Buildcep Construction Pty Ltd, Az Building For Future Pty Ltd, Fitzgerald Building Services Pty Ltd, Gjl Building Limited, Goodwill Construction Limited, CIMC Modular Building Systems, Hangxiao Steel Structure , Jac Built Construction Limited, Jinchen Group Co., Ltd, China Jingye Engineering Co., Ltd, Sichuan Sanhe Hengsheng Construction Engineering Co., Ltd, Beijing Zhuzong No.6 Development Construction Co., Ltd, Jiangsu Jinfanshui Construction Co., Ltd, Jiangsu Yangjian Group Co., Ltd, Guangdong Coal Base Construction Company, Wuhan Municipal Engineering General Company, Rollalong Ltd, BuildUp, Cadolto Fertiggebaude GmbH & Co. KG, Peab, Dana Holdings, Swietelsky, Habau, Castagner Immobiliare SRL, V & R Edilcons Srl, Blueair Instal Srl, Dalmata Business Srl, Quanta Ten Estate Developments Srl, Zentec Construct Srl, Skanska, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Lendlease, Gilbane Building Co, Battle Lake Design Group, Eco Caminhos, Construcciones Planificadas, WTorre Empreendimentos, Grandio, AF construction, La’ Ala Al-Kuwait Real Estate Co, Gav Yam Land Corporation Ltd, Nakheel, Line Investments & Property LLC (LIP), Emaar, Al Sraiya Holding Group, Al Futtaim Colas, Kharafi National, Baran Group, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI
The modular and prefabricated nonresidential building construction market report table of contents includes:
1. Executive Summary
2. Modular and Prefabricated Nonresidential Building Construction Market Characteristics
3. Modular and Prefabricated Nonresidential Building Construction Market Trends And Strategies
4. Modular and Prefabricated Nonresidential Building Construction Market – Macro Economic Scenario
5. Global Modular and Prefabricated Nonresidential Building Construction Market Size and Growth
…..
32. Global Modular and Prefabricated Nonresidential Building Construction Market Competitive Benchmarking
33. Global Modular and Prefabricated Nonresidential Building Construction Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Modular and Prefabricated Nonresidential Building Construction Market
35. Modular and Prefabricated Nonresidential Building Construction Market Future Outlook and Potential Analysis
36. Appendix
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