Lucintel's latest market report analyzed that prefabricated building and structural steel provides attractive opportunities in the residential, institutional, commercial, and industrial sectors. The prefabricated building and structural steel market is expected to reach $290.4 billion by 2028 with a CAGR of 6.2%. In this market, prefabricated building is the largest segment by component, whereas industrial is largest by end use industry.
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Based on component, the prefabricated building and structural steel market is segmented into prefabricated building and structural steel. The prefabricated building segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, owing to growing demand for reliable, stabile, and low priced prefabricated materials, floors, and roofs.
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The Prefabricated Building and Structural Steel Market is marked by the presence of several big and small players. Some of the prominent players offering prefabricated building and structural steel include Algeco Scotsman, Champion Home Builders, Redsea Housing, Kirby Building Systems, and Lindal Cedar Homes.
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