Shipments to rise more than 7% per year through 2007
Shipments of prefabricated nonresidential building systems in the US will
increase more than seven percent per annum through 2007 to total $14 billion.
Gains
for prefabricated nonresidential building systems will be aided by a rebound in
new nonresidential construction activity following a sharp contraction in the
early 2000s. The development of new products and technologies, particularly
those that increase the design and cost advantages over conventional
construction, will also support gains.
Metal to remain dominant building system utilized
Historically, the US prefabricated nonresidential building system industry
has been dominated by metal building systems. Through 2007, metal building
systems will continue to account for over one-half of total US prefabricated
nonresidential building system shipments, rising to $7.5 billion. The best
growth opportunities will be experienced by standard building systems (e.g.,
industrial, office and commercial applications), shipments of which will rise to
over $4 billion in 2007. This above-average pace will be supported by strong
acceleration in industrial construction activity, as well as healthy gains in
office and commercial construction expenditures.
Modular, precast concrete systems to exhibit best growth
Shipments of nonmetal prefabricated building systems will rise over eight
percent per annum through 2007. Gains will be sup- ported by healthy
nonresidential construction activity, particularly in the industrial, office and
commercial markets. Modular and panelized precast concrete systems will
experience the best growth opportunities, rising on pace with total nonmetal
prefabricated nonresidential building system shipments.
Modular systems
account for over one-half of nonmetal systems shipments. The rapid construction
time and inherent cost benefits provided by modular construction will aid gains,
as will increasing industry acceptance of this method of construction.
Increasing construction activity in the office and commercial markets will also
help aid growth.
Study coverage
Details on these and otherfindings are contained in a new Freedonia study,
Prefabricated Nonresidential Buildings. It provides historical data for 1992,
1997 and 2002 as well as forecasts to 2007 and 2012 in dollars by type of
building system (metal and nonmetal) and by market. The study also assesses
regional demand in the US, evaluates market share data and profiles major
industry competitors.
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