(MENAFN- PR Newswire) DUBLIN, May 4, 2021 /PRNewswire/ -- The "Prefabricated Building Market in Europe - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The Europe prefabricated building market size was valued at USD 24 billion in 2020 and is likely to reach USD 32 billion in 2026, growing at a CAGR of over 4% during the forecast period.
The market is growing as the demand for better quality sustainable homes across the region increases, with the UK and Germany accounting for the largest shares. The use of additive manufacturing in Europe expects to lend tremendous support to the prefabricated construction market.
Companies are using eco-friendly materials and manufacturing techniques to differentiate their offerings from their competitors. The focus on energy efficiency has led to the adoption of energy-absorbing materials such as micro homes. The advent of turnkey solutions is another major factor, which is driving the market growth in the region, especially in Switzerland, Nordic, and the UK. Germany, Nordic, and the UK dominate the Europe prefabricated building market share.
The outbreak of the COVID-19 pandemic has led to severe uncertainty for vendors and contractors in the construction industry across Europe. Several construction companies shut down their projects due to lockdown and restrictions.
However, due to immediate requirements for hospitals and quarantine sectors, the demand for prefabricated materials witnessed an increase. Since a high workforce is required for traditional construction, opting for prefabricated buildings came out as an optimum solution during the pandemic.
PREFABRICATED BUILDING MARKET IN EUROPE: SEGMENTATION The steel prefabricated buildings market expects to observe an incremental growth of approx. USD 3 billion by 2026. Steel reframes observe high adoption in prefabricated buildings due to lightweight, ductility, and recyclability. These reframes are witnessing high acceptance in the construction sector as they can absorb wind turbulence and offer high elasticity during earthquakes.
However, with the outbreak of the COVID-19 pandemic in Europe, manufacturing activities and steel-using industrial sectors were shutdown, which affected the steel demand. The EU28 steel consumption declined by -25.5% YOY in the second quarter of 2020 after witnessing a drop of -12% in the first quarter due to the onset of the COVID-19 pandemic.The residential prefabricated building market in Europe accounted for over 44% share in 2020. With the increasing shift toward turnkey housing solutions, the prefabricated housing market expects to pick across Europe. Moreover, the ease of preparation and consent procedures are likely to boost the demand for prefabricated houses. The demand for prefabrication material in the renovation of residential houses is also expected to provide significant opportunities in the future, thereby boosting the market growth during the forecast period.The prefabricated building market in Europe by cellular systems accounted for over 24% share in 2020. The increasing demand for complete and finished turnkey solutions in Europe is the primary factor responsible for cellular systems' growth. The growing number of prefabricated constructions expects to boost the demand during the forecast period. Cellular systems play a vital role in the development of multidimensional structures. In addition, they are also regularly used for building cells, which provide isolation.Panel systems constitute an important place in modern construction as they are used in buildings, apartments, houses, public and industrial buildings, roads, airfields, dams, and canals. They have widely been used in large-scale housing and civil construction, increasing their revenue share. The application of panel systems is growing as they reduce construction time compared to traditional materials, including bricks. They are highly cost-efficient as they decrease labor expenditures by 30-40%. Prominent Vendors
- Alho Systembau
- Astron Buildings
- Berkeley Group
- Bouygues Batiment International
- Ceramic Houses
- DFH Group
- Fertighaus Weiss
- ilke Homes
- Laing O'Rourke
- Modulaire Group
- Segezha Group
- Skanska Group
- Danish Modular System
- HUF HAUS
Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition4.2 Base Year4.3 Scope of The Study4.4 Market Segmentation 5 Report Assumptions & Caveats 5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview7.2 Residential Constructions7.3 Non-Residential Constructions7.4 Traditional Construction Vs Prefabricated Buildings7.5 Life Cycle Cost7.6 Capital Cost Analysis7.7 Supply Chain Analysis7.8 Profit Margin7.9 Impact Of COVID-19 8 Value Chain Analysis 8.1 Overview 9 Market Opportunities & Trends 9.1 Growing Demand for Turnkey Solutions9.2 Space Constraints in Big Cities 10 Market Growth Enablers 10.1 High Profitability10.2 Increasing Demand For High-End And Customized Buildings 11 Market Restraints 11.1 High Initial Cost11.2 Difficulties In Integration Along Supply Chain11.3 Political And Economic Uncertainty 12 Market Landscape 12.1 Market Overview12.2 PEST Analysis12.3 Market Size & Forecast 2019-2025 (Estimated Before COVID-19 Outbreak)12.4 Market Size & Forecast 2020-2026 (Estimated Post COVID-19 Outbreak)12.5 Ongoing Transition & Potential12.6 Vertical Integration12.7 Horizontal Integration12.8 Five Forces Analysis 13 Material 13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Steel13.4 Concrete13.5 Wood13.6 Other Materials 14 Application 14.1 Market Snapshot & Growth Engine14.2 Market Overview 15 Non-Residential Prefabricated Buildings 15.1 Market Snapshot & Growth Engine15.2 Commercial15.3 Education15.4 Government15.5 Hospitality15.6 Other Sectors 16 Residential Prefabricated Buildings 16.1 Market Overview 17 System 17.1 Market Snapshot & Growth Engine17.2 Market Overview17.3 Cellular System17.4 Panel System17.5 Skeleton System17.6 Combined System17.7 Other Systems 18 Distribution Channel 18.1 Market Overview 19 Key Countries 19.1 Market Snapshot & Growth Engine19.2 UK19.3 Germany19.4 France19.5 Italy19.6 Spain19.7 Nordic19.8 Russia19.9 Switzerland19.10 Austria19.11 Poland19.12 Belgium
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