Lower Capital Costs & Faster Installation Drives the Global Nonresidential Prefabricated Building Systems Market, According to New Report by Global Industry Analysts, Inc

GIA announces the release of a comprehensive global report on Nonresidential Prefabricated Building Systems markets. The global Nonresidential Prefabricated Building Systems market is forecast to reach US$58 billion by 2018, driven primarily by factors such as lower capital costs, faster installation, and enhanced management of construction waste. In addition, growing influence of Building Information Modeling (BIM) Technologies, coupled with the rising popularity of green construction methods, is expected to bode well for the future growth prospects of the Non-Residential Prefabricated Building Systems market.

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Nonresidential Prefabricated Building Systems: A Global Strategic Business Report

San Jose, California (PRWEB) October 03, 2012

Follow us on LinkedIn – Nonresidential prefabricated building systems is an emerging segment of the non-residential construction market, wherein 50%-90% of construction of structures is completed at an off-site facility in a controlled environment and then transported to or assembled at the final site of building. Being a part of the global non-residential construction industry, the global non-residential prefabricated building construction market often follows the trend patterns of the former, which is quite often impacted by several macro economic factors. This scenario has been witnessed in the recent past when the global construction industry came under the shadow of the global economic slowdown. During this period, while widespread pessimism and flagging business confidence negatively impacted spending in the non-residential construction market, the non-residential prefabricated buildings market also experienced a slowdown with spending on such methods taking a hit in various end markets. However, off-site construction market staged a quick recovery and held its ground, as contractors worldwide sort ways to construct cost effectively, and therefore increasingly opted for such methods, due to a host of advantages offered by them over conventional construction, in addition to the low-cost factor.

As the construction industry continues to be in the grip of various uncertainties, the market for nonresidential prefabricated buildings too is feeling the heat of the situation, after a brief period of revival in 2011, as growth, particularly in Europe, is increasingly being restrained, with other countries that associate themselves with this region, also being influenced by the negative trends. However, despite this, the global nonresidential prefabricated buildings market is poised to grow in the forthcoming years, driven primarily by the growing awareness of the array of benefits offered by this method over conventional on-site construction procedures. The ability to include cost-efficient construction techniques, sustainable construction methods, and newer technologies (such as BIM), that improve overall efficiency and productivity of construction, constitutes some of the reasons for the rather optimistic outlook for the market. With businesses or contractors in general looking for ways to build for less, such factors are likely to hold great significance in the market in the coming years. Other factors, such as the speed of construction, ability to relocate/reuse components, less material wastage and reduced labor, supervision and financing costs, and minimal site disturbance, among others, are also likely to support growth in the market.

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. The US non-residential prefabricated buildings systems market is now witnessing gradual revival, particularly in the commercial and office segments, with modest recovery in the overall economy and moderate revival in the non-residential construction activity. In terms of the end-use markets, the commercial segment is expected to drive growth in the overall market through the near term, owing to significant growth in investment on construction, and an expected revival in the hospitality and retail sectors from the sluggishness experienced through the economic recession.

In the recent years, the non-residential green construction segment has become a significant component of the overall construction industry. From occupying a meager 3-5% share in 2005, this form of construction has grown into a robust market, now constituting for over 30% of the overall construction industry. This growing trend of green construction is auguring well for the modularization/prefabrication market, as prefabrication is recognized as a greener and a relatively resource efficient method of construction. As prefabrication reduces the amount of material used and also significantly minimizes the waste at site, it is being regarded as an optimal method of construction both from the environment perspective as well as from the cost perspective of end-use customers. The ability to relocate and reuse a prefabricated unit is another factor that is making it an attractive green construction solution, as it saves on the need to build multiple facilities.

With reference to the prominent segments of the non-residential prefabricated building systems market, the metal building systems segment is considered to be important, as it constitutes the largest segment of the market, driven mainly by the increasing demand from various end markets. The segment enjoys a high market share due mainly to the high quality engineered products offered by the industry, and continues to grow, as consumers increasingly adopt these systems, owing to their high reliability, diverse applicability, and sustainability characteristics. Modular buildings and precast panelized concrete systems segments constitute the other segments fuelling market growth, and are considered to be noteworthy due to their growing application in diverse areas. Among them, modular buildings represent the fastest growing segment, and are expected to register a CAGR of 6.5% over the analysis period.

Major players profiled in the report include Allied Alan Pre-Fab Building Corp., Algeco Scotsman, ATCO Structures & Logistics, Britco, ALHO Systembau GmbH, Allied Modular Building Systems Inc., Brytex Building Systems Inc., BlueScope Buildings North America Inc., Cadolto Fertiggebaude GmbH & Co., KG., Consolis Service Co., SA NV., Flexator AB, Inland Buildings Corp., Lester Building Systems, LLC, Madison Industries Inc., Modtech Holdings Inc., NCI Building Systems Inc., Normerica Building Systems Inc., Northgate Industries Ltd., Nucor Corporation, Oldcastle Precast Inc., Rollalong Ltd., United Structures of America Inc., Whitley Manufacturing Company Inc., and Yves Cougnaud.

The research 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 Others. Also, a six-year (2004-2009) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Nonresidential_Prefabricated_Building_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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