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United Kingdom Prefabricated Construction Market Forecast 2023-2030

KEY FINDINGS

The United Kingdom prefabricated construction market growth is set to project a CAGR of 8.70% during the forecast period, 2023-2030. Given its potential and sustainability, prefabricated construction is gaining traction in the United Kingdom.

MARKET INSIGHTS

The United Kingdom prefabricated construction market growth is primarily attributed to the increasing land values and inflationary building costs. Banks are rendering it difficult for small- and medium-sized homebuilders to procure financing. Accordingly, the prefabricated construction solutions' low cost and shorter construction times facilitate small house builders to enter the market.

For instance, Legal & General and ilke Homes have constructed factories for manufacturing prefabricated homes. These companies are transitioning the country's prefabricated housing sector. The United Kingdom prefabricated construction market segmentation includes application, system, and material. The material segment includes wood, concrete, steel, and other materials.

The other materials include aluminum and glass. Processed regular glass help produce insulating, reflecting, laminated, and tempered glass varieties. Also, glass is used in varied ways in prefabricated construction. These include railings, atriums, solariums, shop fronts, display cases, solar applications, shelves, windows, etc. Whereas the major advantages of using aluminum include durability, consistency, high ductility, etc.

COMPETITIVE INSIGHTS

Some of the leading firms in the market include Bouygues B√Ętiment International, Ceramic Houses, Skanska Group, etc.

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United Kingdom Prefabricated Construction Market Forecast 2023-2030
Published By :Inkwood Research
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