According to IMARC Group latest report titled” Prefabricated Building and Structural Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on prefabricated building and structural steel market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global prefabricated building and structural steel market size reached US$ 221.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 318.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

Prefabricated buildings are structures with components that are manufactured in a manufacturing plant and can be partially or fully assembled in a factory, then transferred to the site. Structural steel, on the other hand, is a skeletal layout of the building and is uniquely suited to the wear and tear and rigors that outdoor structures may endure. They last for decades and are highly resistant to earthquakes, dust, moisture, and high winds. They consist of umpteen materials, such as composites, wooden panels, glass, metal panels, and plastics, which are environment-friendly and ideal for locations with unsuitable environmental conditions. Additionally, prefabricated buildings require minimal maintenance, provide ease of expansion, and help save energy.  

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Market Trends:

The primary factor accelerating the global prefabricated building and structural steel market is the increasing environmental awareness and surging remodeling activities of commercial and residential structures. This is further supported by the rising demand for quick and cheaper construction solutions. The shifting preference toward sustainable materials and growing awareness regarding the advantages of prefabricated buildings are factors accelerating the market growth. Additionally, governments of various nations are implementing stringent regulations to improve waste management and save energy and promote the use of green materials, which is creating a positive outlook for the market. Furthermore, the increasing unavailability of affordable housing due to the burgeoning population has further surged the demand for prefabricated buildings in the region. Besides this, rapid urbanization, rising investments in mega infrastructure projects, such as shopping complexes, hotels, institutes, and high-rise buildings, and inflating consumer per capita income are factors providing a considerable thrust to the market growth.  

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Prefabricated Building and Structural Steel Market Segmentation:

Our report has categorized the market based on region, component and end-use sector.

Breakup by Component:

• Prefabricated Building
  • Floors and Roofs
  • Walls
  • Staircase
  • Panels and Lintels
  • Others
• Structural Steel
  • H-Type Beam
  • Columns
  • I-Type Beam
  • Angles
  • Others

Breakup by End-Use Sector:

• Residential
• Institutional
• Commercial
• Industrial

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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