Turkey Prefabricated Buildings Industry Market Size (2024 - 2029)

Turkey Prefabricated Buildings Market Analysis

During the period of the forecast, the Polish prefabricated building industry is expected to register a CAGR of more than 4.5%.

• The COVID-19 pandemic caused a lot of uncertainty for vendors and contractors in the construction industry when it started.Several construction companies shut down their projects due to lockdowns and restrictions. However, due to immediate requirements for hospitals and quarantine sectors, the demand for prefabricated buildings increased.
• For instance, in September 2021, Turkey opened a modular hospital for treating COVID-19 patients. The Turkish prefabricated construction sector has achieved great success with two emergency hospitals (field hospitals) with a capacity of 2,000 beds, which were completed in a record time of 45 days in Istanbul. The fact that two giant pandemic hospitals of enormous size were built in a very short time with the prefabricated construction system
• Turkey is becoming more industrialized and urbanized, and its population is growing quickly, so the prefabricated building market is likely to grow over the next few years.Prefabricated construction will also have many chances to grow because more and more people want green buildings and construction methods that are good for the environment.Modular production coupled with modern digital processes offers the opportunity to build a faster and more efficient structure while saving resources at the same time.
• In Turkey, the number of prefabricated buildings is slowly growing because they are said to be less damaged by natural disasters and to last longer. The turnover of the prefabricated building industry in Turkey is also going up because the construction industry as a whole is growing and prices are going up.

Turkey Prefabricated Buildings Industry Segmentation

Prefabricated buildings, also called "prefabs," are structures that are built off-site and then brought to the building site to be put together.It is made up of parts or units that are made in a factory and then shipped to the building site to be put together.

Turkey's prefabricated buildings industry is segmented by material type (concrete, glass, metal, timber, and other material types) and application (residential, commercial, and other industrial, institutional, and infrastructure applications). The report offers market size and forecasts in dollars (USD billion) for all the above segments. Furthermore, this report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, its impact, Porter's Five Forces Analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market. The report offers market size and forecast values (in USD billions) for all the above segments.