Off-site Construction Market Overview:

The Off-site Construction Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Off-site Construction Market, as well as the causes for variances in the industry’s growth in different regions.

The Off-site Construction Market size was valued at USD 249.15 Bn. in 2022 and the total Off-site Construction revenue is expected to grow by 5.8 % from 2023 to 2029, reaching nearly USD 369.72Bn.

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Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Segmentation:

The off-site construction market is divided into the following categories: Steel, Wood, Concrete, and Other. Throughout the projection period, steel is anticipated to dominate the off-site construction market. It is widely employed in many different industries, including construction, infrastructure, mechanical equipment, transportation, and automotive. Prefabs are increasingly being made of steel, as are the columns and beams that sustain their structural integrity.Rising urbanisation and the expansion of infrastructure are two additional factors driving the need for building steel in the off-site construction sector. In 2021, it's anticipated that the global demand for steel from the building industry would be 930 million metric tonnes.

Off-site construction is divided into three categories: residential, commercial, and industrial, depending on the type of building. During the anticipated period, residential construction held the highest share. By increasing productivity, attracting new employees, and reducing embodied and operational carbon emissions, prefabricated construction has the potential to regenerate the construction industry. In the $1.05 trillion residential building sector, where prefabrication can reduce project costs by 20% and speed up project timelines by 50%, projects can be completed more quickly and for less money.

1 Global Off-site Construction Market, by Product (2022-2029)
• Steel
• Wood
• Concrete
• Other

2 Global Off-site Construction Market, by Type (2022-2029)
• Fixed
• Movable

3 Global Off-site Construction Market, by Methods Outlook (2022-2029)
• Volumetric Construction
• Hybrid Construction
• Panelized Construction
• Sub-Assemblies and Accessories Systems

4 Global Off-site Construction Market, by Application (2022-2029)
• Residential
• Commercial
• Industrial

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

• The biggest players in Off-site Construction Market are as follows:

1. ATCO ( Canadian Utilities,)
2. Anderco Pte. Ltd (Singapore )
3. Giant Containers Inc (Canada)
4. Honomobo Corporation (Alberta, Canada.)
5. Lendlease Corporation (Sydney, Australia)
6. SG Blocks Inc (United States)
7. Skanska AB (Stockholm, Sweden)
8. Blokable Inc.( United States)
9. Blu Homes (Vallejo, California, United States .)
10. Emagispace (United States)
11. Falcon Structures (United States)
12. FullStack Modular (United States)
13. Modus Structures Inc (Canada)
14. Nomodic(India)
15. Plant Prefab, Inc.( United States .)
16. Project Frog ( United States .)
17. SG Blocks Inc..( United States)
18. Bechtel Corporation (California,)
19. Speed House Group of Companies (UAE)
20. Supertech Industries LLC (UAE)
21. Fluor Corporation(US)

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Off-site Construction Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on the Off-site Construction Market:

End-user industries where Off-site Construction Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Off-site Construction Market manufacturers, influencing the development of the Off-site Construction Market in 2020. End-user business demand for Off-site Construction Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the Off-site Construction Market Report are:

In 2021, which segment held the highest proportion of the Off-site Construction Market?

What is the Off-site Construction Market’s competitive landscape?

What are the primary drivers assisting the Off-site Construction Market growth?

Which region has the most market share in the Off-site Construction Market?

What will be the Off-site Construction Market’s CAGR throughout the projected period?

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