Market Size of Germany Prefabricated Buildings Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Prefabricated Buildings Market Analysis
The German Prefabricated Building Market is expected to record a CAGR of approximately 4% during the forecast period 2022-2027.
The COVID-19 pandemic has caused immense disruptions in construction works across Germany. With the fall in building and construction operations, the need for prefabricated building systems has fallen significantly, which has had a major impact on the market growth. Several construction companies shut down their projects due to lockdown and restrictions. Since a high workforce is required for traditional construction, opting for prefabricated buildings came out as an optimum solution during the pandemic. Due to the lockdown in the country, prefabricated manufacturing companies have faced a range of challenges owing to the shortage of raw materials and labor. The revenue of the prefabricated building market decreased drastically in 2020 due to covid 19. A slow recovery was seen in 2021 after the relaxation of lockdown norms.
Prefabricated housing is gaining popularity across the European region due to the population growth and shortages in housing. It is gaining momentum as an effective means to build affordable housing. Prefabricated housing demand is on the rise, as the building technique's advantages are increasingly being leveraged by new home buyers in an improving economic and demographically charged marketplace. The adoption of additive manufacturing in Europe is expected to significantly boost the prefabricated construction sector in Germany. Companies are embracing environment-friendly products and production practices to set themselves apart from the competition. The introduction of energy-absorbing materials such as micro dwellings has resulted from the focus on energy efficiency.
The rising awareness of construction wastage and its impact on the environment is encouraging the adoption of prefabricated buildings. Various interior and exterior architectural styles that cannot be realized in a house built on-site can be easily deployed in a prefabricated house. Technological progress and manufacturers' focus on providing customers with high-quality services can further promote the growth of the German prefabricated building market during the forecast period.
