Global Modular and Prefabricated Nonresidential Building Construction Market Report (2021 to 2030) - COVID-19 Growth and Change

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Dublin, June 24, 2021 (GLOBE NEWSWIRE) -- 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.

This report focuses on the modular and prefabricated nonresidential building construction market which is experiencing strong growth. The report gives a guide to the modular and prefabricated nonresidential building construction market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

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Where is the largest and fastest growing market for the modular and prefabricated nonresidential building construction? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Modular and Prefabricated Nonresidential Building Construction market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider modular and prefabricated nonresidential building construction market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.

  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.

  • Market segmentations break down market into sub markets.

  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.

  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

  • The modular and prefabricated nonresidential building construction market section of the report gives context. It compares the modular and prefabricated nonresidential building construction market with other segments of the modular and prefabricated nonresidential building construction market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, modular and prefabricated nonresidential building construction indicators comparison.

Major players in the modular and prefabricated non-residential building construction market are Algeco Scotsman, Butler ManufacturingT 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. and American Buildings Company.

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%.

The modular and prefabricated non-residential building construction market consists of sales of modular and prefabricated buildings and related services for non-residential use.

The global modular and prefabricated nonresidential building construction market is expected to grow in the forecast period due to an increase in urbanization and industrialization. According to the world economic forum, in 2020, 56.2 percent of the world population was urban. Urban populations made up the highest share in Northern American countries-83.6 percent of residents lived in cities in 2020. 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 demand more precise planning timelines and reduced prices. Due to this, construction firms are adopting cost-effective, proven technologies of precast to ensure the highest standards and uniform quality, which can be met by prefabricated technology.

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
6.1. Global Modular and Prefabricated Nonresidential Building Construction Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Standard Metal

  • Agricultural Metal

  • Modular Nonmetal

  • Panelized Precast Nonmetal

6.2. Global Modular and Prefabricated Nonresidential Building Construction Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Institutional

  • Industrial

  • Commercial

  • Agricultural

6.3. Global Modular and Prefabricated Nonresidential Building Construction Market, Segmentation By End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Private

  • Public

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

8. Asia-Pacific Modular and Prefabricated Nonresidential Building Construction Market

9. China Modular and Prefabricated Nonresidential Building Construction Market

10. India Modular and Prefabricated Nonresidential Building Construction Market

11. Japan Modular and Prefabricated Nonresidential Building Construction Market

12. Australia Modular and Prefabricated Nonresidential Building Construction Market

13. Indonesia Modular and Prefabricated Nonresidential Building Construction Market

14. South Korea Modular and Prefabricated Nonresidential Building Construction Market

15. Western Europe Modular and Prefabricated Nonresidential Building Construction Market

16. UK Modular and Prefabricated Nonresidential Building Construction Market

17. Germany Modular and Prefabricated Nonresidential Building Construction Market

18. France Modular and Prefabricated Nonresidential Building Construction Market

19. Eastern Europe Modular and Prefabricated Nonresidential Building Construction Market

20. Russia Modular and Prefabricated Nonresidential Building Construction Market

21. North America Modular and Prefabricated Nonresidential Building Construction Market

22. USA Modular and Prefabricated Nonresidential Building Construction Market

23. South America Modular and Prefabricated Nonresidential Building Construction Market

24. Brazil Modular and Prefabricated Nonresidential Building Construction Market

25. Middle East Modular and Prefabricated Nonresidential Building Construction Market

26. Africa Modular and Prefabricated Nonresidential Building Construction Market

27. Modular and Prefabricated Nonresidential Building Construction Market Competitive Landscape and Company Profiles
27.1. Modular and Prefabricated Nonresidential Building Construction Market Competitive Landscape
27.2. Modular and Prefabricated Nonresidential Building Construction Market Company Profiles
27.2.1. Algeco Scotsman
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Butler ManufacturingT Company, Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Champion Home Builders, Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Red Sea Housing
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Lindal Cedar Homes
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Modular and Prefabricated Nonresidential Building Construction Market

29. Modular and Prefabricated Nonresidential Building Construction Market Future Outlook and Potential Analysis

30. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/e2xyeq

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