Global Nonresidential Prefabricated Building Systems Market Report 2021: Evolution of Prefabricated Buildings as the Revolutionary Change in the…

DUBLIN--(BUSINESS WIRE)--The "Nonresidential Prefabricated Building Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Nonresidential Prefabricated Building Systems Market to Reach $94 Billion by 2027

Amid the COVID-19 crisis, the global market for Nonresidential Prefabricated Building Systems estimated at US$67.9 Billion in the year 2020, is projected to reach a revised size of US$94 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.

Metal Building Systems, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$47.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Modular Building Systems segment is readjusted to a revised 5.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $20 Billion, While China is Forecast to Grow at 4.5% CAGR

The Nonresidential Prefabricated Building Systems market in the U.S. is estimated at US$20 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Panelized Precast Concrete Systems Segment to Record 4.7% CAGR

In the global Panelized Precast Concrete Systems segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.9 Billion in the year 2020 will reach a projected size of US$13.6 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.8 Billion by the year 2027.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS (Total 211 Featured):

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ji7re4

Go here to see the original:

Global Nonresidential Prefabricated Building Systems Market Report 2021: Evolution of Prefabricated Buildings as the Revolutionary Change in the...