Market Research Report
Global Prefabricated Buildings Market Research Report-Forecast to 2023
|Published by||Market Research Future||Product code||603476|
|Published||Content info||102 Pages
Delivery time: 1-2 business days
|Global Prefabricated Buildings Market Research Report-Forecast to 2023|
|Published: December 14, 2017||Content info: 102 Pages||
Prefabricated buildings are constructed using prefabrication structures and components. These components are factory built and are later transported on-site to be assembled into a building. This saves the construction time and, thus gaining popularity across applications such as industrial construction, commercial construction, and residential construction. It includes frames, modular structures, or assembly of parts and components that are used in the construction industry. It is a method of construction in which the components of any building or structure are fabricated, in a specific manufacturing facility and are then installed at the construction site. Various types of materials used for manufacturing of prefabricated systems are wooden panels, metal panels, composites, plastics, glass, and other reinforced plastics. The market is driven by the growing demand in the construction sector for residential development in emerging economies.
Construction companies are finding that prefabricated construction not only helps reduce waste of construction materials during building projects, but also incorporates technologies that automatically lower the energy consumption in the buildings once they are in use. Moreover, governments across regions are seen promoting and developing their construction sector. The government of India announced several major initiatives to boost the construction industry in the country. Some of them are the passage of the Real Estate (Regulation and Development) Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable housing construction, change in arbitration norms for construction companies, and others.
Red Sea Housing Services, Algeco Scotsman, Butler Manufacturing Company, Champion Home Builders, Inc., Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Inc., Ritz-Craft Corporation, Modern Prefab Systems Pvt. Ltd., Par-Kut International Inc., United Partition Systems Inc., and others.
Objective of Global Prefabricated Buildings Market Analysis & Forecast, from 2017 to 2023
Asia Pacific is expected to be the fastest growing region for the prefabricated construction. Increase in industrialization and population in the countries such as China, Indonesia, and India, and high demand for construction, drive the market, here. Increased government investments in infrastructure, has further growth potential for precast construction market in these countries.
The report also covers country level analysis of: