The main market players are Algeco Scotsman; Butler Manufacturing Company Inc.; Champion Home Builders Inc.; Red Sea Housing; Lindal Cedar Homes; Kirby Building Systems; Alan Pre-Fab Building Corp.
New York, 30 Dec. 2021 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Modular and Prefabricated Nonresidential Building Construction Global Market Report 2022” – https://www.reportlinker.com/p06193671/?utm_source=GNW
; ALHO Systembau GmbH; Allied Modular Building Systems Inc.; American Building Company.
The global modular and pre-engineered non-residential building construction market is expected to grow from $62.57 billion in 2021 to $67.04 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $88.20 billion in 2026 with a CAGR of 7.1%.
The non-residential modular and pre-engineered building construction market consists of the sale of modular and pre-engineered buildings and associated services for non-residential use.
The main construction types of modular and pre-engineered non-residential buildings are standard metal, agricultural metal, modular non-metal, and panel pre-engineered non-metal. A standard metal is a solid material that is usually hard, opaque, and shiny, with high electrical and thermal conductivity. .
Applications of modular and pre-engineered non-residential building construction include the institutional, industrial, commercial and agricultural sectors and the end users are private and public companies.
Asia-Pacific is the largest region in the modular and pre-engineered non-residential building construction market in 2021. Africa is expected to be the fastest growing region during the forecast period.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global modular and pre-engineered non-residential building construction market is expected to grow over the forecast period owing to an increase in urbanization and industrialization. According to the World Economic Forum, in 2020, 56.2% of the world’s population was urban. Urban populations accounted for the highest share in North American countries – 83.6% of residents lived in cities in 2020. According to the United Nations World Urbanization Prospects, the greatest urban growth will take place in India, China and Nigeria. The rapid growth and development of urban housing requires more precise planning times and reduced prices. For this reason, construction companies are adopting cost effective and proven precast technologies to ensure the highest standards and uniform quality, which can be met by precast technology.
Cross-laminated timber (CLT) is one of the promising technologies in the timber construction segment of the timber industry. The demand for CLT is increasing in the construction of non-residential buildings such as schools, restaurants, stores and warehouses which are used as an alternative to steel and concrete as wood evolves as a low cost alternative.
In the construction industry, 3D printing can be used to create building components or to print entire buildings. 3D printing construction is mainly used for the construction of complex components for private, commercial and industrial construction. It offers advantages such as lower labor costs, faster construction and greater precision. The DFAB house is the first inhabited house in the world that was both planned and built digitally. Launched in February 2019, this project was carried out by professors from ETH Zurich in cooperation with industrial partners, carried out using robots and 3D printers.
The construction industry is considered slow and conservative in adopting innovative and new technologies. The construction sector has many small suppliers and the R&D budget is also limited compared to other sectors.
In developing or underdeveloped countries in the Asia-Pacific region as well as in Africa and South America, people are less aware of this method of construction, the advantages it offers and the recyclability of modular buildings. . Therefore, it is important to educate consumers about the positive effects of modular construction on the environment and how 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 landscaping products, acquired Allied Concrete Products. This acquisition enhanced landscaping and masonry offerings and services for DC customers in 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.
Countries covered in the Modular and Prefabricated Non-residential Building Construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia , South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06193671/?utm_source=GNW
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