PUBLISHER: Inkwood Research | PRODUCT CODE: 1284976
PUBLISHER: Inkwood Research | PRODUCT CODE: 1284976
The Europe prefabricated construction market is predicted to record a CAGR of 8.68% during the forecast period, 2023-2032. The market growth is propelled by the demand for high-quality homes in terms of sustainability. Also, technologies like additive manufacturing raise growth prospects. Whereas the market growth is restrained by volatile raw material prices.
Poland, Germany, the United Kingdom, Italy, France, Spain, Belgium, and Rest of Europe are evaluated for the Europe prefabricated construction market growth analysis. France projects enormous growth potential with regard to prefabricated construction implementation. Also, timber construction is gaining popularity in all building areas, from offices and housing to public facilities. In addition, the French vendors are investing in innovative building methods. For instance, CUBIK-HOME has developed a globally unique concept to prefabricate concrete housing modules in a specialized facility. Moreover, the country passed new housing, digitalization, and urbanism legislation in November 2018. It encompasses measures related to social housing, like facilitating high-quality and cost-effective homes.
The other important countries for prefabrication construction in Europe include Nordic Countries, Sweden, Austria, Switzerland, and a few Scandinavian countries. Sweden is among the most developed markets for prefabricated construction globally. It has implemented panelized building systems, where almost 80% of its housing sector uses prefabricated elements and structures. Such factors drive market growth in these countries.
Some of the prominent firms in the market include: ALHO Systembau GmbH, ASTRON, Berkeley Group (Berkeley Modular), etc.