South Korea Prefabricated Building System Market was valued at USD 6.4 Billion in 2022 and is projected to reach USD 12.8 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The South Korea Prefabricated Building System Market is experiencing remarkable growth due to various factors influencing the construction industry. As the demand for cost-effective, time-efficient, and eco-friendly building solutions increases, prefabricated systems are being adopted more widely across multiple sectors. Prefabricated buildings are constructed in parts, or modules, in a controlled factory environment before being transported and assembled on-site. This approach reduces construction time and minimizes material wastage, offering a sustainable alternative to traditional construction methods. With South Korea's emphasis on infrastructure development and urbanization, the demand for prefabricated buildings is steadily on the rise.
The market is divided into several types based on the construction elements being used. These include prefabricated concrete, steel, wood, and hybrid structures. Among these, prefabricated concrete and steel systems dominate due to their versatility, durability, and resistance to environmental stress. The rise of steel-prefabricated structures has also gained momentum because of the material's strength and lightweight characteristics, making it ideal for high-rise buildings and commercial constructions.
Industries such as residential, commercial, and industrial sectors are the key drivers of this market. Residential buildings are increasingly being constructed using prefabricated systems, allowing for faster occupancy and reduced overall costs. Similarly, the commercial sector benefits from the speed of assembly and the reduced disruption to ongoing operations during construction. In the industrial sector, prefabricated buildings are being used for warehouses, factories, and storage facilities due to their scalability and ability to withstand harsh conditions.
One of the main reasons for the growing demand in South Korea’s prefabricated building system market is the requirement for sustainability. With an increasing focus on green construction, prefabricated buildings are seen as a solution to reduce environmental impacts. These systems offer greater energy efficiency, lower carbon footprints, and reduced resource usage during construction, aligning with global and national sustainability targets. Furthermore, the growing trend of modular designs allows for flexibility in adapting buildings to varying needs over time, which is particularly important for South Korea’s rapidly evolving urban landscape.
Technological advancements are also playing a crucial role in the evolution of the South Korea prefabricated building system market. Innovations in 3D printing, smart building technology, and robotics have further improved the efficiency and precision of prefabricated construction. These technologies have allowed manufacturers to produce more customized, high-quality prefabricated components with greater speed and accuracy, thereby expanding the market’s potential across various sectors.
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Butler Manufacturing Company
Champion Home Builders
Astron Buildings
Algeco Scotsman
Kirby Building Systems LLC
Lindal Cedar Homes
Ritz-Craft Corporation
Abtech
Modern Prefab Systems Pvt. Ltd.
Par-Kut International
Target Logistics Management LLC
Modular Engineering Company
United Partition Systems
Vardhman Building Systems
Red Sea Housing Services Co. Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Prefabricated Building System Market
Modular Buildings
Panelized Buildings
Pre-engineered Steel Buildings
Hybrid Buildings
Steel
Wood
Concrete
Plastic
Residential
Commercial
Industrial
Institutional
Single-story
Multi-story
Offices
Schools
Hospitals
Retail Outlets
Industrial Warehouses
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Prefabricated Building System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Prefabricated Building System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Prefabricated Building System Market, By Type
6. South Korea Prefabricated Building System Market, By Application
7. South Korea Prefabricated Building System Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Prefabricated Building System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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