Prefabricated Buildings Market: Analyzing Product Diversity and Trends (2018-2028)
Rise in modular construction and expansion of residential and commercial sectors are likely to drive the market in the forecast period. According to TechSci Research report, “ Prefabricated Buildings Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Prefabricated Buildings Market stood at USD 192.08 billion in 2022 and is anticipated to grow with a CAGR of 7.19% in the forecast period. One of the primary drivers of the Prefabricated Buildings market is the increasing emphasis on sustainability and environmental consciousness in construction practices. As the world grapples with climate change and resource depletion, there is a growing demand for construction methods that minimize environmental impact. Prefabricated buildings excel in this regard. Prefabrication inherently reduces waste generation during the construction process due to the precision manufacturing of building components in controlled factory environments. This...