DUBLIN–(BUSINESS WIRE)–The “Modular and Prefabricated Nonresidential Building Construction Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global modular and prefabricated nonresidential building construction market.
The global modular and prefabricated nonresidential building construction market is expected to grow from $43.61 billion in 2020 to $58.19 billion in 2021 at a compound annual growth rate (CAGR) of 33.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $85.23 billion in 2025 at a CAGR of 10%.
- Algeco Scotsman
- Butler Manufacturing Company Inc.
- Champion Home Builders Inc.
- Red Sea Housing
- Lindal Cedar Homes
- Kirby Building Systems
- Alan Pre-Fab Building Corp.
- ALHO Systembau GmbH
- Allied Modular Building Systems Inc.
- American Buildings Company
- Brytex Building Systems Inc.
- Cadolto Fertiggebaude GmbH & Co. KG
- Consolis Service Co SA NV
- Flexator AB
- Lester Building Systems LLC
- Madison Industries Inc.
- NCI Building Systems Inc.
- Normerica Building Systems Inc.
- Nucor Building Systems
- Rollalong Ltd.
- United Structures of America Inc.
- Varco Pruden Buildings Inc.
- Whitley Manufacturing Company Inc.
- Yves Cougnaud S.A.
The modular and prefabricated non-residential building construction market consists of sales of modular and prefabricated buildings and related services for non-residential use.
Cross-laminated timber (CLT) is one of the promising technologies in the timber construction segment of the wood industry. The demand for CLT is increasing in non-residential building construction such as schools, restaurants, stores, and warehouses which is used as an alternative to steel and concrete because wood is evolving as a low-cost alternative. In the construction industry, 3D printing can be used to create construction components or to print entire buildings. 3D printing construction is majorly used for building complex components for private, commercial and industrial construction. It provides advantages such as low labor costs, faster construction, and higher accuracy. The DFAB House is the world’s first inhabited house which was both digitally planned and built. Launched in February 2019, this project was done by professors at ETH Zurich in cooperation with industrial partners, carried out with the help of robots and 3D printers.
The modular and prefabricated non-residential building construction market covered in this report is segmented by type into standard metal, agricultural metal, modular nonmetal, panelized precast nonmetal and by application into institutional, industrial, commercial, agricultural.
The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers and the R&D budget is also limited in comparison to other sectors. In developing or underdeveloped countries of the Asia Pacific region as well as in Africa and South America, people are less aware of this construction method, the advantages it offers and the recyclability of modular buildings. Therefore, it is important to educate consumers regarding the positive effects of modular construction on the environment and the way it can contribute to a healthy lifestyle.
In April 2019, Oldcastle Architectural Products (APG), North America’s leading manufacturer and supplier of concrete masonry, dry mix and hardscape products acquired Allied Concrete Products. This acquisition enhanced hardscape and masonry offerings and service for customers from DC to the Carolinas. Allied Concrete Products is a family-owned manufacturer of high-quality masonry units and a supplier of masonry supplies throughout Central Virginia and Tidewater.
Key Topics Covered:
1. Executive Summary
2. Modular and Prefabricated Nonresidential Building Construction Market Characteristics
3. Modular and Prefabricated Nonresidential Building Construction Market Trends and Strategies
4. Impact of COVID-19 on Modular and Prefabricated Nonresidential Building Construction
5. Modular and Prefabricated Nonresidential Building Construction Market Size and Growth
5.1. Global Modular and Prefabricated Nonresidential Building Construction Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Modular and Prefabricated Nonresidential Building Construction Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Modular and Prefabricated Nonresidential Building Construction Market Segmentation
7. Modular and Prefabricated Nonresidential Building Construction Market Regional and Country Analysis
7.1. Global Modular and Prefabricated Nonresidential Building Construction Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Modular and Prefabricated Nonresidential Building Construction Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/tg7e27