Single-family Modular and Prefabricated Housing Construction Market Scope
The single-family modular and prefabricated housing construction market consists of sales of single-family modular and prefabricated houses and related services that are used in residential, commercial, and industrial sectors. Modular construction is a method in which, through managed plant circumstances, a building is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. Owing to its energy-efficient and its ability to be mass-produced in a factory setting, the single-family modular and prefabricated housing construction is expected to show lucrative growth during the forecast period.
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|Key Companies Profiled||Red Sea Housing Services (Saudi Arabia), Skanska AB (Sweden), Bouygues Construction (Paris), ACS Activities de Construction y Services SA (Spain), Lindal Cedar Homes Inc. (United States), Kiewit Corporation (United States), Balfour Beatty Plc. (United Kingdom), Taisei Corporation (Japan), System House R & C Co. Ltd. (Japan), Larsen & Toubro Limited (India) and AGACAD (Lithuania)|
Single-family Modular and Prefabricated Housing Construction is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Red Sea Housing Services (Saudi Arabia), Skanska AB (Sweden), Bouygues Construction (Paris), ACS Activities de Construction y Services SA (Spain), Lindal Cedar Homes Inc. (United States), Kiewit Corporation (United States), Balfour Beatty Plc. (United Kingdom), Taisei Corporation (Japan), System House R & C Co. Ltd. (Japan), Larsen & Toubro Limited (India) and AGACAD (Lithuania) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Danwood S A (Poland), Vardhman Pre-Engineered Building Systems (India), Laing O'Rourke (United Kingdom), Palomar Modular Buildings (United States), Guerdon Enterprises LLC (United States), JL Modular Inc. (California) and Katerra (California.).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Single-family Modular and Prefabricated Housing Construction market by Type , by Application (Residential, Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of Single-family Modular and Prefabricated Housing Construction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2021, AGACAD, a Lithuania-based software company launched Panel Packer based on 3D technology. In Autodesk Revit, Panel Packer is a sophisticated tool for organizing the sorting, packing, and loading of prefabricated construction components
Influencing Trend:Increasing demand for affordable housing options and Increasing use of technology and automation in the manufacturing process
Market Growth Drivers:Growing demand for new homes in developing regions and Shift in trend toward cost saving construction activities
Challenges:Volatility in raw material prices
Restraints:The financial crisis and increased off-site manufacturing investment could limit development.
Opportunities:Increasing Customer Inclination Towards environmentally sustainable housing options
Key Target AudienceGovernment Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, Customers, End User Industry and Others