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

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.

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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:-

Growth Drivers

• Increasing Adoption of Prefabricated Construction Structures in the Nation

• Growing Governmental Initiatives for Promoting the Real Estate Industry

Challenges

• 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 29^th, 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.

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