The 9th edition of the ‘Prefabricated Volumetric Building Systems Market Report – UK 2020-2024’ incorporates original input and primary research, and represents an up-to-date and informed review of this changing and complex market.
This report reviews the market for volumetric modular building systems, analysing ……
….. market structure, trends, key product sectors, end user sectors, specification issues and suppliers. Products analysed range from simple jack-leg cabins and welfare units through to complex structures assembled from large numbers of 3-D modules e.g. high-rise student accommodation and prison buildings.
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Over the next few years to 2024, there are several factors that could well underpin a steady growth in the sector. These include an increasing number of public sector procurement frameworks which include several key modular building contractors, and an increasing use of Building Information Modelling. More importantly there is now a strong likelihood of an increase in the use of volumetric and other types of off-site construction methods to help meet the chronic housing shortage and cope with the lack of traditional construction skills within the construction industry.
In the short term, demand will be impacted by the Covid-19 restrictions, resulting in potential delays to some projects, but conversely, some short-term demand from the health and possibly the grocery sector to expand capacity. Assuming some bounce back for the construction sector after the restrictions are lifted, the longer-term outlook for the volumetric sector is more positive.
The Prefabricated Volumetric Building Systems Market Report – UK 2020-2024 is available now and can be ordered here.
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