Australia Prefabricated Buildings Market Size | 2031

Australia Prefabricated Buildings Market Size | 2031

Segments - Australia Prefabricated Buildings Market by Material Types (Concrete, Glass, Metal, Timber, and Others), Applications (Residential, Commercial, and Others), and Country - Australia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vineet
Fact-checked by : Vineet Pandey
https://growthmarketreports.com/Rucha
Editor : Rucha Phatak

Upcoming | Report ID :CM-1414 | 4.8 Rating | 74 Reviews | 213 Pages | Format : Docx PDF

Report Description


The Australia Prefabricated Buildings Market size was valued at USD 9.33 Billion in 2022 and is expected to surpass USD 14.35 Billion by 2031, expanding at a CAGR of 4.9% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising number of residential buildings growing investment in public housing. Moreover, increasing awareness about its benefits such as reduced material waste and less disruption to the surrounding environment is driving the market growth.

Prefabrication is the practice of assembling components of a structure in a factory or other manufacturing site, and transporting complete assemblies or sub-assemblies to the construction site. Higher quality buildings are built owing to stringent quality checks in the manufacturing facility.  

Australia Prefabricated Buildings Market Outlook

Prefabrication in construction is the process of making buildings, or components of buildings, in a manufacturing facility. As the raw materials are built off-site and shipped partially assembled, prefabrication reduces the cost of labor and the cost of materials. Prefabricated units may include doors, stairs, window walls, wall panels, floor panels, roof trusses, room-sized components, and even entire buildings

In prefabricated construction process, only foundations are constructed on the site, while sections of walls, floors and roof are prefabricated or assembled in a factory and is transported to the site. The prefabricated part is lifted into place by a crane and bolted together.

  • Rapid industrialization and urbanization is expected to propel the market growth during the forecast period.  

  • Growing requirement of reducing the construction time owing to increasing population and minimizing the construction errors is driving the growth of the market in the projected timeline.

  • Lack of awareness about the advantages of prefabrication can restrain the market growth.

  • The outbreak of COVID-19 has negatively impacted the Australia prefabricated buildings market as it had halted the construction activities across the country. However, declining number of cases is expected to boost the growth of the market.

  • Limitations imposed on the size of a prefabricated building owing to stringent road widths can hinder the market growth.

  • Rising investment in the development of the technology to fuel the prefabrication process is expected to create remunerative opportunities in the projected timeline.

Scope of Australia Prefabricated Buildings Market  Report

The report on the Australia prefabricated buildings industry includes an assessment of the market, trends, segments. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Australia Prefabricated Buildings Market -  Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Material Types (Concrete, Glass, Metal, Timber and Others) and Application (Residential, Commercial, and Others)

Geographic Zone

Australia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ALLEN TAYLOR & COMPANY LTD, AUSCO MODULAR CONSTRUCTION PTY LTD, FLEETWOOD CORPORATION LIMITED, METCON (VIC) PTY. LTD., and ARCHIBLOX PTY. LTD.

Australia Prefabricated Buildings Market Segment Insights

Concrete segment to grow at a rapid pace

Based on material types, the market is divided into concrete, glass, metal, timber and others. The concrete segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Concrete possesses high compressive strength to withstand a huge amount of load.

It has less corrosive and weathering effect and it is durable and fire-resistant and comparatively requires minimal maintenance. On the other hand, the metal and timber segments are expected to grow at a healthy rate in the projected timeline.

Australia Prefabricated Buildings Market Material Types

Residential segment to account a major market share

Based on applications, the market is divided into residential, commercial, and others. The residential segment is anticipated to account for a major market share due to rising use of modular construction technology in Australia. As a result, many low-rise apartments have been manufactured in the country. Rising population and increasing investment on the technology to develop prefabricated components are driving the segment growth.

Conversely, the commercial segment is expected to grow at a sustainable rate during the forecast period. Rising supplanting of old school structures with newly-built modular classroom buildings is fueling the segment growth.

Australia Prefabricated Buildings Market Applications

Segments

The australia prefabricated buildings have been segmented on the basis of

Market Types

  • Concrete
  • Glass
  • Metal
  • Timber
  • Others

Applications

  • Residential
  • Commercial
  • Others

Country

  • Australia

Key Players

Competitive Landscape

The major players of the market are ALLEN TAYLOR & COMPANY LTD, AUSCO MODULAR CONSTRUCTION PTY LTD, FLEETWOOD CORPORATION LIMITED, METCON (VIC) PTY. LTD., and ARCHIBLOX PTY. LTD.

Companies are investing in R&D activities and also engaging in joint ventures and acquisitions to expand their market share.

Australia Prefabricated Buildings Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Prefabricated Buildings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Prefabricated Buildings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Prefabricated Buildings Market - Supply Chain
  4.5. Global Prefabricated Buildings Market Forecast
     4.5.1. Prefabricated Buildings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Prefabricated Buildings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Prefabricated Buildings Market Absolute $ Opportunity
5. Global Prefabricated Buildings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Prefabricated Buildings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Prefabricated Buildings Demand Share Forecast, 2019-2026
6. North America Prefabricated Buildings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Prefabricated Buildings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Prefabricated Buildings Demand Share Forecast, 2019-2026
7. Latin America Prefabricated Buildings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Prefabricated Buildings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Prefabricated Buildings Demand Share Forecast, 2019-2026
8. Europe Prefabricated Buildings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Prefabricated Buildings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Prefabricated Buildings Demand Share Forecast, 2019-2026
9. Asia Pacific Prefabricated Buildings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Prefabricated Buildings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Prefabricated Buildings Demand Share Forecast, 2019-2026
10. Middle East & Africa Prefabricated Buildings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Prefabricated Buildings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Prefabricated Buildings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Prefabricated Buildings Market: Market Share Analysis
  11.2. Prefabricated Buildings Distributors and Customers
  11.3. Prefabricated Buildings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ALLEN TAYLOR & COMPANY LTD AUSCO MODULAR CONSTRUCTION PTY LTD FLEETWOOD CORPORATION LIMITED METCON (VIC) PTY. LTD. ARCHIBLOX PTY. LTD.

Methodology

Our Clients

Deloitte
The John Holland Group
Dassault Aviation
General Mills
General Electric
Pfizer
Nestle SA
Honda Motor Co. Ltd.