Ans. Faster construction needs, labor shortages, and rising demand for affordable housing are driving market growth. Technological advancements and energy-efficient building trends also support adoption.
Ans. Modular construction promotes off-site fabrication, reduces building time, and enhances quality control, increasing the use of prefabricated panels across sectors.
Ans. North America and the Asia Pacific lead in demand due to urbanization, infrastructure expansion, and a shift toward sustainable construction practices.
Ans. High initial setup costs, logistical issues, and limited design flexibility are key challenges hindering widespread adoption of prefabricated panels.
Ans Sustainability is driving demand for eco-friendly, energy-efficient materials and low-waste construction methods, aligning with global green building goals.