The European prefabricated construction market is expected to record strong growth over the medium term. Firms entering into strategic collaborations is driving innovation in the prefabricated construction market. Portakabin, one of the leading modular construction firms, entered into a collaboration with Saint-Gobain Ecophon in April 2024. With this collaboration Portakabin seeks to offer optimal acoustics in its buildings.
Many firms are also seeking to expand their European presence in 2024. Karmod, the Turkish firm offering prefabricated construction components, revealed that it is planning to expand its market share in Europe in February 2024. This is aiding the competitive landscape in the sector. Overall, ConsTrack360 maintains a positive growth outlook for the prefabricated construction market in Europe in 2024.
Firms entering into strategic collaborations is driving innovation in the prefabricated construction market
Portakabin, one of the leading modular construction firms, entered into a collaboration with Saint-Gobain Ecophon in April 2024. With this collaboration Portakabin seeks to offer optimal acoustics in its buildings.
- Ecophon, a global leader in acoustic systems and part of the Saint-Gobain Group, has been working with Portakabin for five years. Their collaboration spans the United Kingdom, Ireland, and continental Europe. Both companies share a commitment to sustainability and offer innovative products. Saint-Gobain Ecophon focuses on enhancing indoor teaching environments to make speech and sound clear and understandable.
- As part of this strategic collaboration with Portakabin, Ecophon have been developing various acoustic prototypes, specifically for the education market. The acoustic products work exceptionally well with plastic-coated steel ceilings. The firms have created a magnetic system for attaching lightweight acoustic panels to ceilings and walls, making installation quick and easy.
Going forward, in 2024, ConsTrack360 expects more such strategic collaborations in the European prefabricated construction industry. This will keep driving innovation and market growth over the medium term across Europe.
Turkish firms are eyeing expansion in the fast-growing European prefabricated construction market in 2024
Karmod, the Turkish firm offering prefabricated construction components, revealed that it is planning to expand its market share in Europe in February 2024. The firm, in 2023, experienced a negative export growth rate, due to the three-month ban on overseas sale. The ban was imposed due to the earthquakes.
- Currently, the firm’s European market makes up 35% of its foreign sales. However, over the next five-year period, the firm seeks to increase the number to 60%. The firm is continuing to develop and expand its network to meet the international sales targets. Karmod, notably, is focused on increasing the sales of its premium steel villa housing in the European market. In addition to Europe, the firm is also targeting higher sales in the United States.
Karmod is not the only Turkish firm seeking to expand its market share in the European region. Module-T, one of the leading manufacturers of prefabricated containers known for its portable cabins, launched its first warehouse in southern France in October 2023. The Turkish firm seeks to strengthen its presence in the French market and speed up monobloc road shipments across Europe with this new facility. The firm aims to achieve a turnover of US$45 million by 2025. The expansion strategy of these Turkish-based prefabricated firms will drive the competitive landscape in the fast-growing market in 2024.
NHS has expanded the modular buildings framework to cover new sectors in the United Kingdom
As many as 21 specialized firms are competing for spots on the new NHS Shared Business Services (SBS) modular building framework. This revamped framework is expanding to include new sectors and is expected to double its workload to an impressive ?3.6 billion over the next four years.
- The updated framework offers a major growth opportunity for modular specialists and access to new, previously unexplored sectors. This expansion is likely to attract joint venture bids from leading modular companies, similar to how industry giants like Kier and McAvoy succeeded with the Crown Commercial Services partnership awarded in 2023.
The NHS SBS Modular Building 3 framework is structured to cover a wide range of sectors, giving developers the chance to demonstrate their expertise and grow their businesses. It includes everything from new construction projects to residential hire and lease options, providing diverse opportunities for firms aiming to establish themselves in the public sector.
This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the prefabricated building construction industry at Europe and country level. With over 100+ KPIs, covering end markets, prefabricated/precast materials, and products at country level, this databook offering primarily provides data-centric analysis with charts and tables.
- End Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and end market opportunities in the prefabricated industry at country level.
- Prefabricated Methods: Provides an in-depth analysis of industry across 3 methods- panelised construction, modular (Volumetric) construction, and hybrid (Semi-volumetric) construction.
- Prefabricated Materials: Provides demand analysis across 7 key materials such as aluminum, wood, iron & steel, concrete, glass, and other.
- Prefabricated Products: Provides demand analysis of market by 7 key products such as building superstructure, roof construction, floor construction, interior room modules, exterior walls, columns & beams, and other.
ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
This title from ConsTrack360 is a bundled offering, combining the following 13 reports (1053 tables and 1274 charts):
Country Report 1 - Austria Prefabricated Construction Industry Databook Series
Country Report 2 - Belgium Prefabricated Construction Industry Databook Series
Country Report 3 - Finland Prefabricated Construction Industry Databook Series
Country Report 4 - France Prefabricated Construction Industry Databook Series
Country Report 5 - Germany Prefabricated Construction Industry Databook Series
Country Report 6 - Greece Prefabricated Construction Industry Databook Series
Country Report 7 - Italy Prefabricated Construction Industry Databook Series
Country Report 8 - Netherlands Prefabricated Construction Industry Databook Series
Country Report 9 - Poland Prefabricated Construction Industry Databook Series
Country Report 10 - Russia Prefabricated Construction Industry Databook Series
Country Report 11 - Spain Prefabricated Construction Industry Databook Series
Country Report 12 - Switzerland Prefabricated Construction Industry Databook Series
Country Report 13 - United Kingdom Prefabricated Construction Industry Databook Series