As the global economy recovers in 2021 and the supply of the industrial chain improves, the prefabricated buildings market will undergo major changes. The prefabricated buildings industry is expected to register a CAGR of more than 5.5% during the forecast period (2022 - 2027). All construction-related operations worldwide have been halted due to the COVID-19 pandemic and consequent lockdowns. As a result, modular construction projects in various construction segments, such as educational, residential, airports, and others, have decreased, thus significantly impacting demand for prefabricated buildings. In several places, the supply chain has also been interrupted, thus causing a delay in the delivery of construction material required and affecting the construction activities.
The global prefabricated buildings industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global prefabricated buildings market during the next few years. The global prefabricated buildings market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The prefabricated buildings market can be split based on product types, major applications, and important regions as follows:
Larsen And Toubro Limited
Paramount Building Solutions Private Limited
Skyline Champion Corporation
Morton Buildings Inc.