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Europe Prefab Wood Buildings Market Analysis

• The European Prefabricated Wood Buildings Market is valued at about USD 17.5 billion and is expected to register a CAGR of more than 3.5% during the forecast period. The outbreak of the COVID-19 pandemic has led to severe uncertainty for vendors and contractors in the construction industry across Europe. Several construction companies shut down their projects due to lockdowns and restrictions. However, due to immediate requirements for hospitals and quarantine sectors, the demand for prefabricated materials witnessed an increase. Since a high workforce is required for traditional construction, opting for prefabricated buildings became an optimum solution during the pandemic.
• The industry for prefabricated construction is anticipated to benefit greatly from the usage of additive manufacturing in Europe. Eco-friendly manufacturing processes and materials are used by businesses to set their products apart from their rivals.
• The emphasis on energy efficiency has prompted the use of materials that absorb energy, including micro houses. Another important factor fueling market expansion in the region, particularly in Switzerland, the Nordic countries and others, is the introduction of turnkey solutions. Europe's prefabricated building sector is dominated by Germany, the Nordic region.
• Since humans have been using wood for thousands of years, wooden architecture is now made easier by digital manufacturing and computational design technologies. This makes it possible for architects and engineers to create ever more intricate and effective timber structures.
• According to research from Sweden, wood structures are 16% less expensive than concrete ones, and because of their light weight and increased precision, they may be built up to 20% faster.
• In addition, compared to steel and concrete, the production and construction of wood frames generate 40% less waste: Steel buildings (which often have concrete floors) normally have a mass of about 160kg/m3, whereas concrete buildings typically have a bulk density of around 300kg/m3, and a timber building with timber flooring may have a mass of only a little over 70kg/m3 which could be assembled onsite effortlessly.

Europe Prefab Wood Buildings Industry Segmentation

A prefabricated building is a building or part of a building that has been manufactured in advance and can be easily transported and assembled.

The European prefabricated buildings market covers growing trends and projects like commercial, residential, and industrial construction. The market scope has been extended to provide insights at the regional level by segmenting across geography. Along with the report's scope, it also analyzes the key players and the competitive landscape in the market. The impact of COVID-19 has also been incorporated and considered during the study.

The Europe Prefab Wood Building Market is segmented By Panel Systems (Cross-laminated timber (CLT) panels, Nail-laminated timber (NLT) panels, Dowel-laminated timber (DLT) panels, and Glue-laminated timber (GLT) columns and beams), By Application (Single Family Residential, Multi-family Residential, Office, Hospitality, and Others) and By Geography (Belgium, Finland, France, Germany, Italy, Russia, Spain, Sweden, United Kingdom, and Rest Of Europe). The report offers market size and forecasts for The Europe Prefab Wood Building Market in value (USD Billion) for all the above segments.