[FURL=https://www.industryarc.com/Report/18460/prefabricated-building-systems-market-research-report-analysis.html?utm_source=BriefingWire.com&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Prefabricated building systems market[/FURL] size is forecast to reach $18 billion by 2026, after growing at a CAGR of 6% during 2021-2026. Prefabricated building systems are gaining more popularity than calcium oxide owing to their extensive characteristics such as good quality, high strength, low weight, volume, affordability, and more. In addition, prefabricated building systems are often commended for energy efficiency and sustainable construction. Globally, the flourishing commercial and residential sector is increasing the demand for the ventilated thermal panel, which is the prime growth driver of the prefabricated building systems market. Also, the government initiatives such as “Housing for All” and “One Belt, One Road” is flourishing in the residential and commercial building sectors, which is anticipated to play a key role in driving the prefabricated building systems market during the forecast period.Key Takeaways
Asia-Pacific dominates the prefabricated building systems market, owing to the increasing manufacturing & construction activities in APAC due to various government initiatives such as “100 smart cities” and “Housing for all by 2022”.
With the rising migration of people towards urban areas, there is a strong need to develop residential homes, which will have a positive impact on the construction industry and thereby accelerating the demand for prefabricated building systems market during the forecast period.
Prefabricated building systems can be easily disassembled and relocated to different sites compared to silica aerogels. This significantly reduces the demand for raw materials, minimizes expended energy, and decreases overall time, which is driving the market growth.
Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which various building and construction operations are disruptively stopped, which is hampering the prefabricated building systems market growth.
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Prefabricated Building Systems Market Drivers
Increasing Government Initiative Bolstering the Growth of Construction Industry
Extensive Advantages of Using Prefabricated Building Systems
Prefabricated building systems market are Red Sea Housing Services, Algeco Scotsman, Butler Manufacturing Company, Champion Home Builders, Inc., Astron Buildings, Kirby Building Systems LLC, Lindal Cedar Homes, Inc., Ritz-Craft Corporation, Modern Prefab Systems Pvt. Ltd., Par-Kut International Inc., and United Partition Systems Inc.
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