Prefabricated Building Keeps Trending Up, Anticipated to Enhance the North American Market
This year prefabrication is sweeping the construction industry by storm. With no signs of slowing down anytime soon, the latest report by IMARC Group notes the North America modular construction market is expected to see substantial growth over the next five years.
The report found that much of this growth can be attributed to market-shaping factors such as labor shortages, issues with traditional construction quality and low predictability. To combat these concerns and bring time and cost savings to commercial facilities, more developers and GCs are shifting towards prefabricated building’s automated technology and offsite construction advantages. The prefab approach allows for concurrent building, reduces the number of workers onsite, drives dimensional accuracy and increases quality control, thereby minimizing the effects of unstable market conditions.
The dynamic growth of modular building has also led to a surge within the market for prefabricated bathroom pods. In fact, Valuates Reports recently revealed, “the global Prefabricated Bathroom Pods market is valued at USD 1.41 billion in 2020 and is expected to reach USD 2.95 billion by the end of 2027, growing at a CAGR of 10.53% between 2021 and 2027.
Some of the key drivers behind the growth of prefabricated bathroom pods cited in the report include:
A streamlined construction process that allows project developers to save time and money while maintaining high-quality bathroom productsOffsite production enabling crews to prepare the site while pods are fabricated in a factory at the same timeThe ability to minimize rework with the elimination of bathroom punch listsSingle-source procurement for an easier design process Factory-controlled construction environments help to mitigate the effects of weather delays
At SurePods, we’re eager to see these trends continue to influence the historically slow-changing construction industry. With more projects integrating modular methods, our prefabricated bathroom pods are helping to redefine building by accelerating schedules, improving quality and simplifying the construction process to increase jobsite safety. If you’d like to learn more about how the SurePods advantage can change the way you build, get in touch: [email protected]