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Australia Prefabricated Buildings Industry is segmented by Material Type (Concrete, Glass, Metal, Timber and Other Material Types) and Application (Residential, Commercial, and Other Applications (Infrastructure and Industrial ) )
2016 - 2026
The Prefabricated Building Market in Australia is expected to grow at a CAGR of approximately 7.5 % during the forecast period mainly driven by the demand for low- to – mid-rise residential buildings, project homes, and public housing.
The prefabricated building markets which represent 3% of the AUD 150 billion construction industry is expected to reach 15% by 2025, creating 20,000 jobs and adding AUD 30 billion to the country’s economy. Prefab, as a concept, got a boost when Australia’s tallest timber building, the 10-story 45-meter-tall (148-ft-tall), 25 King, an office and residential tower in Brisbane, was opened in 2019. As per PrefabAUS’s prediction- 10 percent of Australian homes will be prefabricated by 2030.
The adoption of prefabricated solutions in Australia has been significantly increasing, over the past few years. Industry associations and institutions in Australia are launching campaigns to create awareness about the benefits of the prefabricated industry. Owing to this, the prefab industry is increasing its numbers, especially in the education and public services sectors. Many public spaces in Australia such as new railway stations, police stations, healthcare facilities and community centres are now being built using volumetric modular construction and other prefabricated methods with the assistance of the Australian government.
With the Australian automotive manufacturing industry collapsing, almost 40,000 workers are estimated to lose their jobs and a new sector being considered in the manufacturing sector is the manufacturing of prefabricated building components. As the supply from traditional Australian construction sector is unable to meet the increasing demand, and costs are contributing to the housing affordability crisis, affecting many Australians, who are struggling to buy their first home, the prefabrication construction market in the country is estimated to witness growth. Prefab construction can reduce overall building costs by as much as 20% by adopting automotive industry style prefabrication and supply chain methodologies.
The Australia Prefabricated Buildings Market covers the growing trends and projects in prefab building markets, like commercial construction, residential construction, industrial construction. The report also covers the industry along the type of material used, like concrete, timber, glass, metal, and other types. Along with the scope of the report also it analyses the key players and the competitive landscape in the Australia Prefabricated Buildings Market. The impact of COVID’19 has also been incorporated and considered during the study.
|Other Material Types|
|Other Applications ( Industrial, Institutional, and Infrastructure)|
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In June 2019, the Australian government announced support for the manufacturing and building and construction sectors, with support for the prefabricated building industry. It has announced up to AUD 2 million spendings on developing a new collaborative lab to help manufacturers design innovative new prefabricated buildings that are more eco-friendly, affordable, and significantly reduce the time for construction. PrefabAus, the peak body for Australia’s off-site construction industry received AUD 28 million grant from the Australian government to deliver better buildings, that are more cheap, efficient and safer. The outcomes of this initiative are to reduce the project delay by 40%, to reduce the CO2 emissions by 50% and to reduce the building waste by 80%. The ARC Training Centre for Advanced Manufacturing of Prefabricated Housing, administered by the University of Melbourne, has attracted funding of USD 6 million over four years, including a significant investment from the Australian Research Council. A USD 200 million commercial projects to be constructed out of prefabricated timber, planned by Hines, a real estate giant is likely to kickstart from 2020 in the inner Melbourne suburb of Collingwood.
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Modular construction technology has been gaining more attention in the building industry throughout the most recent couple of years in Australia. As a result, many low-rise apartments have been manufactured. One such is the ‘Little Hero’ low-rise apartment building in Melbourne. However, this doesn't depict the entire scenario as only less % of all low-rise buildings were built using a volumetric prefabricated building system. This is because of the constrained knowledge of the applicability, design, and performance of prefabricated building systems in the building industry and the general public. But, due to recent work by academia, industry, and institutions such as prefabAUS in creating awareness of such benefits, the prefab industry is increasing its numbers, especially in the education and public services sectors. The Permanent Modular School Buildings Program (PMSB), an initiative of the Victorian School Building Authority (VSBA) of Australia, has started the supplanting of old school structures with newly-built modular classroom buildings focusing on hundreds of schools around Victoria, Australia where already 30 modular school buildings have been finished and given over. Also, numerous open and public spaces in Australia such as new railway stations, police stations, healthcare facilities, and community centres are now being built using volumetric modular construction and other prefabricated methods with the assistance of the Australian government.
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The report covers the major players operating in the Australia Prefabricated Buildings Industry. The market is highly competitive without dominant players. The market is fragmented, and the market is expected to grow during the forecast period due to the increase in the prefab construction building investments and up-coming major projects in the country and other few factors are driving the market. Prefabricated building systems and construction hold high potential to improve the efficiency and performance of the Australian construction industry in a more sustainable sense.
Fleetwood, Anchor homes, Boral, AUSCO Modular construction company are among the major players in the prefab market, With the market just opening-up among the building industry generating trust, with investments in the technology -R&D, the market is open to ample opportunities and can witness strong growth in the coming years.
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Insights on Supply Chain/Value Chain Analysis of the Prefabricated Buildings Industry
4.4 Brief on Different Structures Used in the Prefabricated Buildings Industry
4.5 Cost Structure Analysis of the Prefabricated Buildings Industry
4.6 Impact of COVID 19
5. MARKET DYNAMICS
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers / Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 Material Type
6.1.5 Other Material Types
6.2.3 Other Applications ( Industrial, Institutional, and Infrastructure)
7. COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration and Major Players)
7.2 Company Profiles
7.2.1 ALLEN TAYLOR & COMPANY LTD
7.2.2 AUSCO MODULAR CONSTRUCTION PTY LTD
7.2.3 FLEETWOOD CORPORATION LIMITED
7.2.4 METCON (VIC) PTY. LTD.
7.2.5 LANDMARK PRODUCTS PTY LTD
7.2.6 SPANBILD PTY LIMITED
7.2.7 AUSSIE MODULAR SOLUTIONS PTY LTD
7.2.8 ARCHIBLOX PTY. LTD.
7.2.9 SWAN HILL ENGINEERING PTY LTD
7.2.10 BLACK DIAMOND MODULAR BUILDINGS PTY LTD
7.2.11 ANCHOR HOMES
7.2.12 STRONGBUILD MANUFACTURING PTY LTD
7.2.14 PREBUILT COMMERCIAL
7.2.15 K.L. MODULAR SYSTEMS PTY. LTD. *
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9.1 Marcroeconomic Indicators (GDP breakdown by sector, Contribution of construction to economy, etc.)
9.2 Key Production , Consumption,Exports & import statistics of construction Materials