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 |
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%.
Swiss Prefabricated Buildings Industry Segmentation
Prefabricated buildings, or prefabs, are buildings with components (walls, roof, and floor) that are manufactured in a factory or manufacturing plant. These components can be fully or partially assembled in a factory, which is then transferred to the construction site. This method of building construction is preferred due to its cost efficiency, fast turnaround, and reusability. Common applications of prefabricated buildings are temporary construction facilities, office spaces, medical camps, evacuation centers, schools, apartment blocks, and single-detached houses. The Swiss Prefabricated Building is segmented into Material Type (Concrete, Glass, Metal, Timber, and Other Material Types) and Application (Residential, Commercial, and Other Applications (Industrial, Institutional, and Infrastructure)). The report offers market size and forecasts for the prefabricated buildings in Switzerland in values (USD Million) for all the above segments.
Material Type | |
Concrete | |
Glass | |
Metal | |
Timber | |
Other Material Types |
Application | |
Residential | |
Commercial | |
Other Applications (Industrial, Institutional, and Infrastructure) |
Swiss Prefabricated Buildings Market Size Summary
The Swiss Prefabricated Buildings Market is experiencing a gradual recovery and is anticipated to grow steadily over the forecast period. The market's expansion is primarily driven by the increasing demand for affordable housing solutions, particularly low- to mid-rise residential buildings, project homes, and public housing. The rise in property prices in Switzerland has prompted a shift towards more cost-effective housing options, with prefabricated buildings offering a viable solution. The market is benefiting from the growing popularity of modular construction, which is seen as an efficient response to the housing shortages exacerbated by population growth. Despite the challenges posed by the COVID-19 pandemic, such as supply chain disruptions and labor shortages, the market is poised for growth, supported by the adoption of eco-friendly materials and energy-efficient building practices.
The Swiss Prefabricated Buildings Market is characterized by a fragmented landscape, with both international and local players contributing to its development. Companies are increasingly focusing on turnkey solutions to meet the rising demand for ready-to-occupy homes, which are appealing due to their convenience and efficiency. The market is also witnessing significant investments and funding, which are expected to drive further growth. Key industry players, including Swiss Krono, Baufritz, and Holzbau AG, are actively involved in advancing sustainable construction methods and technologies. Innovations such as the HiLo unit in Duebendorf, which combines traditional building principles with modern construction techniques, highlight the industry's commitment to reducing environmental impact. As the market continues to evolve, opportunities for prefabricated materials in residential renovations are anticipated to further enhance its growth prospects.
Swiss Prefabricated Buildings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Insights on Supply Chain/Value Chain Analysis of the Prefabricated Buildings Industry
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1.6 Technological Trends
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1.7 Porter's Five Forces Analysis
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1.7.1 Threat of New Entrants
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1.7.2 Bargaining Power of Buyers/Consumers
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1.7.3 Bargaining Power of Suppliers
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1.7.4 Threat of Substitute Products
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1.7.5 Intensity of Competitive Rivalry
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1.8 Brief on Different Structures Used in the Prefabricated Buildings Industry
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1.9 Cost Structure Analysis of the Prefabricated Buildings Industry
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1.10 Impact of COVID 19 on the Market
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2. MARKET SEGMENTATION
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2.1 Material Type
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2.1.1 Concrete
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2.1.2 Glass
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2.1.3 Metal
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2.1.4 Timber
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2.1.5 Other Material Types
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2.2 Application
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2.2.1 Residential
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2.2.2 Commercial
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2.2.3 Other Applications (Industrial, Institutional, and Infrastructure)
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Swiss Prefabricated Buildings Market Size FAQs
What is the current Swiss Prefabricated Buildings Market size?
The Swiss Prefabricated Buildings Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Swiss Prefabricated Buildings Market?
Swiss Krono, Baufritz, Holzbau AG, Karmod, Prelco SA and ALHO are the major companies operating in the Swiss Prefabricated Buildings Market.