China Prefabricated Construction Market Segmentation by Type (Elemental Construction, Permanent Modular Buildings, and Relocatable Buildings); by Component Type (Structural, Architectural, Bridge Components, and Others); by Material (Metal, and Non-Metal); and by End-Use Industry (Commercial, Industrial, and Residential)-Demand Analysis & Opportunity Outlook 2020-2025
9 Jun 2022
Building & Constructions
Impact Analysis on the Growth of Market
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China Prefabricated Construction Market Highlights Over 2020 - 2025
The China prefabricated construction market is estimated to garner a revenue of USD 43953.68 Million by 2025 by growing at a CAGR of 6.05% over the forecast period, i.e., 2021 – 2025. Moreover, in the year 2020, the market in the country registered a revenue of USD 33660.0 Million. The growth of the market can primarily be attributed to the growing construction activities in the nation, owing to the need for commercial and residential buildings, backed by the increasing population in the nation. According to the statistics by the World Bank, the total population in China increased from 1.263 Billion in the year 2000 to 1.411 Billion in the year 2020. Prefabricated construction structures are used to build a building at a lesser time. The building blocks are connected together to form the building structure. One of the major benefits that lies with the use of these structures is the requirement of moderately skilled people for constructing the building. Additionally, low construction wastage by the use of these prefabricated structures is also anticipated to boost the market growth in the coming years. On the other hand, the growing governmental initiatives to support the construction industry in the nation, along with the rising investments in the sector are also expected to create numerous opportunities for market growth. According to the statistics by the National Bureau of Statistics of China, in the year 2020, the total investment recorded in the development of real estate was USD 2163.47 Billion. This was an increase of 7% over the previous year.
Besides this, the growing concept of sustainable living, rise in focus towards sustainable construction materials, and the increasing adoption of green buildings are some of the opportunities anticipated to expand the market growth in the coming years. Additionally, the development of new technology of prefabricated construction structures, along with the increasing trends of 3D printing, 3D scanning and drone surveys for building advanced construction structures, are also expected to expand the market growth during the forecast period.
Growth Drivers and Challenges Impacting the Growth of the China Prefabricated Construction Market:-
Increasing Adoption of Prefabricated Construction Structures in the Nation
Growing Governmental Initiatives for Promoting the Real Estate Industry
High Cost of Construction
Fluctuation in the Price of Raw Materials
China Prefabricated Construction Market Segmentation Synopsis
The China prefabricated construction market is segmented by type into elemental construction, permanent modular buildings, and relocatable buildings. Out of these, the permanent modular buildings segment is anticipated to garner the largest revenue of USD 25493.14 Million by the end of 2025, up from a revenue of USD 19775.58 Million in the year 2020. By component type, the market is segmented into structural components, architectural components, bridge components, and others. Out of these, the structural components segment is anticipated to register the largest revenue of USD 19779.16 Million by the end of 2025, up from a revenue of USD 13524.25 Million in the year 2020. By metal, the market is segmented into metal and non-metal, out of which, the non-metal segment is anticipated to grow with the highest CAGR of 7.0% during the forecast period. By end-use industry, the market is segmented into commercial, industrial, and residential. Out of these, the residential segment is anticipated to register the largest revenue of USD 26152.44 Million by the end of 2025, up from a revenue of USD 20132.82 Million in the year 2020.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the China prefabricated construction market that are included in our report are SANY Group, China Saite Group Company Limited, China Railway Prefabricated Construction Co., Ltd., Hangxiao Steel Structure Co., Ltd., Zhejiang Putian Integrated Housing Co., Ltd., Atlantic Modular System Ltd., Shaanxi Construction Engineering Group Corporation, Shenyang Yuanda Enterprise Group, BROAD Group, Zhejiang Taige Integrated Housing Co. Ltd, and others.
Latest Developments in the China Prefabricated Construction Market:
October 29th, 2021: Shaanxi Construction Engineering Group Corporation announced that the company has started the engineering, procurement, and construction EPC of the Third School Project in Lianhu District, Xi’an city. This school project, which will later be an important place of education for the people of Lianhu district, has a construction area of 38116.54 square meters.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
FREQUENTLY ASKED QUESTIONS
The increasing adoption of prefabricated construction structures in the nation, along with the growing governmental initiatives for promoting the real estate industry are some of the major factors anticipated to drive the market growth.
The market is anticipated to attain a CAGR of 6.05% over the forecast period, i.e., 2021 – 2025.
The high cost of construction, along with the fluctuation in the price of raw materials are estimated to hamper the market growth.
The major players in the market are SANY Group, China Saite Group Company Limited, China Railway Prefabricated Construction Co., Ltd., Hangxiao Steel Structure Co., Ltd., Zhejiang Putian Integrated Housing Co., Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, component type, material, and by end-use industry.
Which segment captures the largest market size in type segment in the China prefabricated construction market?
The permanent modular buildings segment is anticipated to garner the largest revenue of USD 25493.14 Million by the end of 2025 and display significant growth opportunities.
1. Market Definition and Research Methodology
1.1. Market Definition and Segmentation
1.2.Assumptions and Acronyms
2. Executive Summary
3. Market Dynamics
4. Regulatory & Standards Landscape
5. Industry Risk Analysis
6. Industry Value Chain Analysis
7. Industry Growth Outlook
8. Competitive Benchmarking
9. Competitive Positioning
10. China Prefabricated Construction Market
10.1. Market Size in USD Million (2020–2025)
10.2. Market segmentation by:
10.2.1.1. Elemental Construction, 2020-2025 (in USD Million)
10.2.1.2. Permanent Modular Buildings, 2020-2025 (in USD Million)
10.2.1.3. Relocatable Buildings, 2020-2025 (in USD Million)
10.2.2. Component Type
10.2.2.1. Structural components, 2020-2025 (in USD Million)
10.2.2.2. Architectural components, 2020-2025 (in USD Million)
10.2.2.3. Bridge components, 2020-2025 (in USD Million)
10.2.2.4. Others, 2020-2025 (in USD Million)
10.2.3.1. Metal, 2020-2025 (in USD Million)
10.2.3.1.1. Steel, 2020-2025 (in USD Million)
10.2.3.1.2. Aluminum, 2020-2025 (in USD Million)
10.2.3.1.3. Others, 2020-2025 (in USD Million)
10.2.3.2. Non-Metal, 2020-2025 (in USD Million)
10.2.3.2.1. Concrete, 2020-2025 (in USD Million)
10.2.3.2.2. Timber, 2020-2025 (in USD Million)
10.2.3.2.3. Others, 2020-2025 (in USD Million)
10.2.4. End-Use Industry
10.2.4.1. Commercial, 2020-2025 (in USD Million)
10.2.4.2. Industrial, 2020-2025 (in USD Million)
10.2.4.3. Residential, 2020-2025 (in USD Million)
11. Competitive Landscape
11.1. SANY Group
11.2. China Saite Group Company Limited
11.3. China Railway Prefabricated Construction Co., Ltd.
11.4. Hangxiao Steel Structure Co., Ltd.
11.5. Zhejiang Putian Integrated Housing Co., Ltd.
11.7. Shaanxi Construction Engineering Group Corporation
11.8. Shenyang Yuanda Enterprise Group
11.9. BROAD Group
11.10. Zhejiang Taige Integrated Housing Co. Ltd.
12.Primary Interview Analysis
12.1. Indicative List of Respondents
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- SANY Group
- China Saite Group Company Limited
- China Railway Prefabricated Construction Co., Ltd.
- Hangxiao Steel Structure Co., Ltd.
- Zhejiang Putian Integrated Housing Co., Ltd.
- Atlantic Modular System Ltd.
- Shaanxi Construction Engineering Group Corporation
- Shenyang Yuanda Enterprise Group
- BROAD Group
- Zhejiang Taige Integrated Housing Co. Ltd.