Lewes, DE -- (SBWIRE) -- 01/22/2016 -- Report forecast the global prefabricated construction market to grow at a CAGR of 6.56% during the period 2016-2020.

Prefabricated construction is one of the most widely used modern methods of constructions (MMC) in the world as of 2015. It is a method of construction in which the components of any building or structure are fabricated in a specific manufacturing facility and then installed on the construction site.

The report covers the present scenario and the growth prospects of the global prefabricated construction market for 2016-2020. To calculate the market size, the report considers the market value of prefabricated construction components in the world during the forecast period.

According to the report, the global prefabricated construction market is likely to be driven by the growth of the global construction market. The global construction market is experiencing steady growth, especially in the emerging economies, such as the BRIC nations. A large number of new public infrastructure projects are currently underway across the globe, which is expected to drive the growth of the global prefabricated construction market.

Further, the report states that factors such as high transportation costs hamper the growth of the global prefabricated construction market.

Global Prefabricated Construction Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Prefabricated Construction Market: ACS Group, Balfour Beatty, Bouygues Construction, Julius Berger Nigeria and Komatsu House

Other Prominent Vendors in the market are: L&T Construction, Red Sea Housing, and Taisei Corp.

Market driver
- Public infrastructure development
- For a full, detailed list, view our report

Market challenge
- High cost of transportation
- For a full, detailed list, view our report

Market trend
- Application of BIM in prefabricated building construction
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 31 Exhibit "Global Prefabricated Construction Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Find more information Visit at: http://www.marketresearchreports.com/technavio/global-prefabricated-construction-market-2016-2020

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