EUROPE PREFABRICATED CONSTRUCTION MARKET FORECAST 2023-2032

The Europe prefabricated construction market growth analysis includes the assessment of Spain, Belgium, Poland, Germany, the United Kingdom, Italy, France, and Rest of Europe. Germany offers lucrative opportunities for vendors in the prefabricated construction market. The Germany prefabricated construction market growth drivers include lower interest rates, growing incomes, and high amounts of net migration. For instance, as per stats, there is a yearly demand for around 350,000 new dwellings. On the other hand, rising incomes and low interest rates contribute to growing property prices in major cities, rendering it difficult for middle-class families to purchase homes. Accordingly, the German government has launched the Housing Construction Campaign, which encompasses measures to address housing prices and shortages. 

Whereas single-family homes dominate the Germany prefabrication construction market. Also, the high demand for energy-efficient buildings offers growth opportunities. Further, timber is a more commonly accepted construction material in South Germany. 

In Italy, the construction market recovered in 2018 after a decade-long crisis. However, COVID-19 further worsened the Italian construction market prospects. As a result, the Italy prefabricated construction market is evaluated to project moderate growth. 

Nevertheless, a considerable boost in investments in infrastructure, optimizing existing tax incentives, special emphasis on seismic safety measures, and increased energy efficiency are set to aid the recovery of Italy’s prefabricated construction market. Besides, steel as a material in prefabricated construction is gaining traction in Italy, given its efficacy and validity in housing safety, especially in areas subject to recurrent seismic events. Such aspects define market growth in these countries.

The Europe prefabricated construction market segmentation includes application, system, and material. The application segment includes non-residential prefabricated construction and residential prefabricated construction. 

Consumers are increasingly placing importance on turnkey solutions that meet modern demands. As a result, there is a growing acceptance of advanced production forms and the simplicity of the consenting and planning processes. In addition, prefabricated housing’s ease of construction is perceived as a one-stop-shop solution for housing. Moreover, planning security, which encompasses the availability of required information to plan budget and completion dates, has enabled the wide recognition of prefabricated construction in the residential segment. 

Some of the leading companies in the Europe prefabricated construction market include Berkeley Group (Berkeley Modular), ASTRON, ALHO Systembau GmbH, etc.

ALHO Systembau GmbH provides innovative and modern ready-to-use room modules and modular buildings. The company offers solutions for modular housing, health, work, and education construction buildings. It caters to administrative units & associations, office buildings, industry trade & service providers, healthcare properties, and public contracting authorities. The company is headquartered in Friesenhagen, Germany, with operations across Luxembourg, Belgium, and Switzerland in Europe.  

Its office building services portfolio includes prefabricated structures ideally offered as an addition or an extension to an existing company building.