Prefabricated Building Systems Market Size, Share, Growth Analysis 2024
The global prefabricated building systems market is projected to reach USD 188.6 billion in 2023, registering a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period 2024-2030. The growth of the market is majorly driven by the increasing demand for building construction in Asia-Pacific. Factory buildings, warehouses, and storage facilities are frequently constructed using prefabricated structures. They offer reasonably priced options for expansive, open areas. Retail areas, offices, schools, and medical facilities are built using prefabricated constructions. They provide quicker construction, saving enterprises time.
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