Market Size of Swiss Prefabricated Buildings Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Swiss Prefabricated Buildings Market Analysis
The Swiss Prefabricated Buildings Market is projected to witness a CAGR of over 2% during the forecast period (2022-2027), mainly driven by the demand for low- to- mid-rise residential buildings, project homes, and public housing.
The Swiss Prefabricated Buildings market was heavily impacted due to COVID-19, owing to lockdowns and a shortage of raw materials and labor. Besides, construction contracts had been stopped, which led to a decline in the prefabricated buildings market growth. Apart from disruptions of supply chains, termination of cost management contracts, and shortages of subcontractors and materials have also impacted market growth.
The prefabricated housing market is picking up across Switzerland as people increasingly focus on turnkey solutions that tick all the modern boxes. Acceptance of the manufacturing firms, as well as ease of planning and consent processes, are expected to further boost demand. Modular construction is gaining popularity across the country, owing to the population growth and shortages in housing.
In Switzerland, rising property prices are driving people to look for cheaper options. According to the Swiss residential property price index (IMPI), the cost of buying a house in Switzerland continued to rise in the third quarter of 2021, increasing by around 2.4% between July and September 2021.
According to data collected by the Federal Statistical Office (FSO), the price of both single-family houses and owner-occupied apartments rose significantly compared to the previous quarter; the price of single-family houses rose by 2.4% since Q2, while the price of owner-occupied apartments rose slightly less at 2.3%.
