US demand to reach $12 billion in 2005
US demand for nonresidential prefabri-cated building systems is projected to
advance roughly four percent per year through 2005, including price increases,
to approximately $12 billion. The US is a net exporter of prefabricated building
systems and exports will continue to display robust growth, helping shipments
slightly outpace domestic demand through 2005.
Metal building compo-nents, modular buildings show best opportunities
Historically, US nonresidential use of prefabricated buildings has been dominated
by metal building systems, which include standard nonresidential buildings (e.g.,
office, retail, industrial), as well as such specialty structures as agricultural
buildings and aircraft hangars. Metal building systems will continue to account
for just under three-fifths of the total market for nonresiden-tial prefabricated
building systems through 2005, displaying gains slightly faster than those of
the overall market.
Demand will be particularly strong for metal building components (i.e., roofing,
wall panels, secondary framing and other components) sold separately from metal
building systems. These above-average gains will be supported by product innovations
and the growing use of these components in combination with non-metal framing
systems.
Among nonresidential prefabricated buildings other than metal building systems,
the strongest growth will be displayed by modular buildings. These buildings
will benefit from growing use of modular construction in a wider range of end
markets, as well as by product innova-tions within the segment allowing the
construction of more complex, multistory facilities with various facades.
Industrial markets to outpace commercial
The two principal end-use markets for nonresidential prefabricated building
systems are industrial and non-office commercial structures, each of which accounted
for over one-fourth of the market in 2000. Industrial markets are projected
to display above-average gains through 2005, thereby increasing their share
of demand for prefabricated building systems. Strong growth is also expected
in the institutional market segment, which is projected to account for over
one-fifth of prefabricated building system demand by 2005, up from under 15
percent of the market in 1990.
Study coverage
Details on these and other key findings are contained in the new Freedonia
study, Nonresidential Prefabricated Building Systems, available for $3600. This
study presents historical data and forecasts to the years 2005 and 2010 by product
and end-use market. It also evaluates market share and profiles selected industry
participants.
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