Vietnam Prefabricated Buildings Market Is Expected To Be Dominate By The Skeleton System Segment Until 2028

Growing demands for affordable housing and rising investment in the infrastructure sector will propel the growth of the Vietnam prefabricated buildings market during the forecast period.

According to TechSci Research report, “Vietnam Prefabricated Buildings Market By Region, Competition, Forecast, and Opportunities, 2028F,” the Vietnam prefabricated buildings market is expected to grow in the coming years due to the rising demand for second homes or prefabricated houses and growing urbanization and population. Additionally, prefabricated buildings have a wide range of attributes, including high quality, high strength, low weight, volume, affordability, and more. Prefabricated building systems are also frequently praised for their eco-friendliness and sustainable design. Additionally, vented thermal panels which demand increase in the commercial and residential sectors are one of the major drivers of Vietnam prefabricated building market.

The Vietnam prefabricated buildings market is being aided by various fundamentals such as shorter construction timelines, lower construction costs, the need for offices in developing SEZs, rising real estate investments, rapid urbanization, rising demand for alternative construction methods, and temporary and urgent needs in the industrial sector. The prefabricated buildings market is also benefiting from the rising consumer attention on waste reduction, green building, and CO2 emission reduction. Furthermore, increasing investments in real estate sectors and developing infrastructure as well as construction sectors are one of the drivers of the prefabricated buildings market in Vietnam.

The market for prefabricated structures is being supported by an increase in rehabilitation projects aimed at enhancing both the aesthetic and construction value of buildings. Building new homes is being sped up by rising disposable income levels, which is also stoking interest in prefabricated structures. Prefabricated goods in various sizes and forms are increasing in demand. Prefabricated metal items are used in structures for a variety of aesthetic architectural needs. The substantial benefits of off-site construction, such as increased flexibility, quicker project completion, economic effectiveness, safer, greener construction, and practicality in distant places, are driving the demand for industrial modular structures.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Vietnam Prefabricated Buildings Market."

The Vietnam prefabricated buildings market is segmented into materials type, structure, application, and region. Based on material type, the market is segmented into concrete, glass, metal, timber, and others. Based on structure, the market is segmented into skeleton system, panel system, cellular system, and combined system. Based on application, the market is segmented into residential, commercial, and industrial. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern Vietnam, Central Vietnam, and Southern Vietnam.

Based on structure, the skeleton system had the largest market share in 2022 and is expected to register the largest CAGR during the forecast period. The skeleton sub-segment makes up the greatest portion of the market owing to the skeleton system's high tensile strength, low weight, and small volume.

Based on region, Southern Vietnam had the largest contributor in 2022 and the region is also projected to exhibit the highest CAGR in the upcoming period owing to rising construction, industrialization, and modernization across the region. Furthermore, ongoing mega projects in the major provinces of the region, including Ho Chi Min City, Binh Duong Province, Ba Ria – Vung Tau Province, Dong Nai Province, Tay Ninh Province, Binh Phuoc Province, and Long a Province are projected to bring enormous growth opportunities for the companies of prefabricated buildings. Moreover, the region is the topmost beneficiary of the country's foreign direct investment (FDI). This results in a greater number of companies and industries being established in the region, which is expected to boost the future growth of the region.

Key market players in the Vietnam prefabricated buildings market include:

·         Best Metal Building and Accessory Joint Stock Company

·         Tran Duc Joint Stock Company

·         QH Plus Joint Stock Company

·         Seico Steel Building Construction Joint Stock Company

·         Lien Son Thang Long Joint Stock Company

·         TLC Modular Pte Ltd

·         Dai Dung Corporation Group

·         Zamil Steel Buildings Vietnam Co. Ltd

·         TDH Green Building Solution Co. Ltd.

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“The Vietnam prefabricated buildings market is expected to boost in the coming years owing to rising population and urbanization, growing needs for affordable housing, and increasing government initiatives and policies. Vietnam's urban population was 37.3 % in 2020. Over the last 50 years, Vietnam's urban population has increased significantly from 18.4% to 37.3%, rising at an annual rate of 2.34% and declining to 1.94% in 2020. As of March 2023, the country’s population is 98,858,950, a 0.68% increase from 2022. The population of Vietnam in 2022 was 98,186,856, a 0.74% increase from 2021. Therefore, the demand for prefabricated buildings is expected to rise during the coming years. Additionally, the Ministry of Construction has invested approximately USD 1.3 billion to build affordable houses for low-income class populations. Therefore, the above-mentioned factors are likely to propel the growth of the Vietnam prefabricated buildings market in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Vietnam Prefabricated Buildings Market, By Material Type (Concrete, Glass, Metal, Timber, and Other), By Structure (Skeleton System, Panel System, Cellular System, and Combined System), By Application (Residential, Commercial, and Industrial), and By Region, Competition, Forecast, and Opportunities, 2028F has evaluated the future growth potential of the Vietnam prefabricated buildings market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision-makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends and key drivers, challenges, and opportunities in the Vietnam prefabricated buildings market.

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