Global Single-Family Modular and Prefabricated Housing Construction Market Report 2022
The main players in the market are Red Sea Housing Services; Skanska AB; Bouygues Construction; ACS Actividades de Construcción y Servicios SA; Lindal Cedar Homes Inc .; Kiewit Company; Balfour Beatty Plc.
New York, December 30, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Single-Family Modular and Prefabricated Housing Construction Market Report 2022” – https://www.reportlinker.com/p06193667/?utm_source=GNW
; Taisei Company; System House R & C Co. Ltd .; Larsen & Toubro Limited.
The global single-family modular and prefabricated housing construction market is expected to grow from $ 40.74 billion in 2021 to $ 42.64 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 51.23 billion in 2026 at a CAGR of 4.7%.
The modular and prefabricated single-family housing construction market includes the sale of modular and prefabricated single-family homes and related services used in the residential, commercial and industrial sectors. the building is developed offsite using the same resources and constructing the same codes and specifications as conventionally designed structures, but in about half the time.
All modular buildings are prefabricated, but all prefabricated buildings may or may not be modular.
The main types of single-family modular and prefabricated housing construction are permanent and movable houses. A partially or fully assembled building that is created in a building fabrication plant using modular construction technique and meeting applicable codes or state standards is called a movable house construction.
Movable buildings are intended to be reused or reused several times before being transferred to new construction sites. The different materials include steel, wood, concrete, others and are used in residential, commercial and industrial applications.
Asia-Pacific is the largest single-family modular and prefabricated housing construction market region in 2021. Eastern Europe is expected to be the fastest growing region during the forecast period.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa.
The focus on cost savings is a key factor in the growth of the single-family modular and prefabricated housing construction market. The modular design can minimize project times by up to 50% as well as costs by 20%.
They lead to increased productivity, lower employment expenses associated with the purchase of units along a production line. According to a report on modular construction, in Europe and the United States, the modular market value in new real estate construction is expected to reach $ 130 billion by 2030, achieving annual savings of $ 20 billion.
Hence, the significant cost savings are expected to drive the growth of the single-family modular and prefabricated housing construction market.
The implementation of Building Information Modeling (BIM) in modular construction is an emerging trend in the modular and prefabricated single-family housing construction market. Building Information Modeling (BIM) is a revolutionary technique for the design, construction and management of building models.
This technology based on a 3D model provides a digital representation of the physical and functional qualities of a building. Technology enables all parties involved in creating and managing the lifespan of the built asset to share data and collaborate.
During the pre-construction phase, BIM provides specialists with a 3D image of the structure. It allows specialists to detect potential incompatibilities in mechanical, electrical and plumbing (MEP) systems and resolve them at an early stage.
For example, 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 building components.
Transportation risks are a key factor impacting the growth of the modular and prefabricated single family housing construction market. As the modules are prefabricated in a factory remote from the site, they must either be transported specifically to the site, or assembled in a surrounding place, then put in place.
Carriers and operators must be extremely careful with each module, if any one fails during transport, the entire module may require major repairs or replacements. It is therefore necessary that the transport and rigging companies make a serious effort to lay out the routes and plan the mechanics. to transfer the modules along their path.
For example, a construction project in Philadelphia had modules arrived, positioned and installed relatively smoothly, but the interior drywall was cracked due to the lifting of the modules.
In January 2020, GS Engineering & Construction (E&C), a South Korea-based construction company, acquired Danwood SA from Enterprise Investors for $ 155 million. With this acquisition, GS E&S planned to enter the European modular housing market using Danwood reinforcement, networks and technology. Danwood SA is a Polish company specializing in the construction of timber frame houses.
Countries Covered In The Single Family Modular and Prefabricated Housing Construction Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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