February 29, 2008—Driven by the rise in industrial and commercial construction activity, and the waxing popularity of prefabricated building systems as a modern form of architecture as against on-site construction, the world nonresidential prefabricated building systems market is projected to go beyond $45 billion mark by the year 2010.
The need for faster completion of construction project schedules, faster occupancy of the building, and prompt returns on investment, are all expected to drive the market’s growth, and future sustenance, according to a report from Global Industry Analysts, Inc.
Major market drivers, include, according to the report, the demand for quality-engineered buildings, superior architectural finishes, reduced capital costs, reduced material wastages, quicker installation, commissioning and on time completion.
The report, titled “Nonresidential Prefabricated Building Systems: A Global Strategic Business Report” and published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges.
Richly annotated with authoritative and unbiased commentaries and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product segments, says Global Industry Analysts.
Product markets analyzed in the report include Metal Building Systems, Modular Buildings, and Panelized Precast Concrete Systems.
Global Industry Analysts is globally recognized as one of the world’s largest market research publishers.
