There is always a lot going on in the property and construction industries. Fresh trends and innovations are emerging all of the time and many of them go on to have an impact on projects of all sizes.
For example, the importance of making housing more eco-friendly has really been in the spotlight in recent years, with many people wanting to embrace a greener way to live.
Some trends have related to specific construction methods as well, with prefabricated buildings attracting plenty of attention. Now, a new study has hinted that the concept is set for a big few years.
Expected growth
At the start of May, a report on Europe’s prefabricated building market was added to ResearchandMarkets.com. It not only put a spotlight on the current situation around the area but also flagged that growth is expected in the near future.
The report stated that the market was valued at $24 billion last year, while it is expected to reach $32 billion by 2026. Germany, the Nordic region and the UK are thought to be the leading forces in the prefabricated market share, while the research also suggested that market growth was being driven by increasing demand for more sustainable housing.
Looking at specific areas, the report added that the steel prefabricated building market is set to experience growth of $3 billion by 2026. It also found that the residential prefabricated building market had a share of around 44 per cent in 2020.
Finally, the prefabricated building market by cellular systems was responsible for a share of around 24 per cent last year.
Different elements
The study provides some fascinating insights into this part of the property world and highlights how it is made up of many different elements. Prefabricated units can be utilised in projects in a range of ways, with a notable example being bathrooms.
Hydrodiseño specialises in creating prefabricated bathroom modules and it highlights some of the benefits of its range of products. For example, the company outlines how the CubikConcrete features installations integrated in the structure, while the finish can be adapted to fit a project. It adds that deliveries can be arranged to comply with work plans, while the use of a single supplier may reduce risks.
Elsewhere, prefabricated units can also be used for house extensions. Durabase says that its modular designs are made to order for each property, while it also argues that they tend to be faster and cheaper than alternatives. In terms of the latter, the company’s site highlights that there is less need for labour.
Transformative impact
As all of the above shows, prefabricated solutions have really brought a new feel to the property and construction world in recent years. The concepts are transforming the way that projects can be handled and creating new possibilities for all kinds of properties.
The study related to the area has hinted that a bright future is in store and it will be fascinating to see how the concept develops in the years ahead.
