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Global Nonresidential Prefabricated Building Systems to Reach US$45 Billion by 2015
By: iModular Staff Report - Wednesday, October 6, 2010
Source: iModular.com

Global demand for nonresidential prefabricated building systems, witnessing rapid growth since the beginning of the millennium, was adversely impacted by the global economic crisis in 2008 and 2009. Nevertheless, long-term market prospects appear positive, with improvements in the global economy and growing popularity of modular construction that is expected to drive the overall market demand, catalyzed by positive attributes such as low construction cost, less waste, and reduced time compared to the conventional stick-built methods. The United States represents the largest market for Nonresidential Prefabricated Building Systems, as stated by the new market research report on Nonresidential Prefabricated Building Systems. Weak activity in the construction industry, and the subsequent slowdown in non-residential construction and public construction works during the economic crisis negatively impacted the nonresidential prefabricated buildings market in the US. However, the market is expected to regain momentum with the expected recovery in economic growth. Europe trails behind the US, followed by the Japanese market. In terms of different types of prefabricated buildings, metal building systems represent the largest segment, accounting for more than 50% share of the global market. The metal building systems industry grew and matured rapidly, driven by the increasing demand for these systems from the non-residential construction. These metal building systems are cost effective and find applications in various architectural finishes in churches, schools, shopping centers, and office buildings. Low site productivity is a major constraint affecting the metal building systems market. Consequently, many companies are improving site management and detailing to reduce labor costs and improve productivity. Growth in the nonresidential prefabricated building systems is, however, expected to emanate mainly frommodular buildings segment. Array of factors such as low construction cost, less waste, and reduced time compared to the conventional stick-built methods play an influential role in driving the demand for modular buildings in specialty structures, commercial, and residential applications. Major players profiled in the report include Alan Pre-Fab Building Corp., Algeco SA, Allied Modular Building Systems Inc., American Buildings Company, Ausco Building Systems, Brytex Building Systems, Butler Manufacturing Company, Cadolto Fertiggebaude, Caledonian Building Systems, Ltd., Ceco Building Systems, Elliott Group Ltd., Flexator AB, Inland Buildings Corp., Kullman Buildings Corp., Madison Industries Inc., NCI Building Systems Inc., Normerica Building Systems Inc., Nucor Building Systems, United Structures of America Inc., Whitley Manufacturing Company Inc., and Williams Scotsman Inc. The report titled “Nonresidential Prefabricated Building Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the non-residential Prefabricated Building Systems market, impact of recession on the market, current market trends, key growth drivers, product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report analyzes market data and analytics in terms of dollars for regions, including the US, Canada, Japan, Europe, and Rest of World. Major product segments analyzed include metal building systems, modular buildings, panelized pre-cast concrete systems, and miscellaneous prefabricated building systems.




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