Globally, adoption of prefabricated technology in commercial construction segment has been increasing. The North American commercial construction market is expected to grow at a CAGR of 9.2% during 2017-2021 to reach US$ 457 billion. Prefabricated construction is expected to increase its share significantly in the region over the forecast period.

1. Prefabricated technology expected to post strong
growth in commercial construction segment
Analyst View Point Series

2. Table of Contents
Market Context
Key Insights

3. Market Context
Globally, adoption of prefabricated technology in commercial construction segment has been
increasing. The North American commercial construction market is expected to grow at a
CAGR of 9.2% during 2017-2021 to reach US$ 457 billion. Prefabricated construction is
expected to increase its share significantly in the region over the forecast period.

4. Key Insights
Marriott International recently announced that it is planning to sign agreements to
develop 50 Select brand hotel properties incorporating prefabricated guestrooms or
bathrooms in North America in 2017, as part of its modular construction initiative.
The global hotel operator will partner with pre-approved modular partners to expedite
the process and focus on optimizing their return on investment. Modular process has
been common in Europe and Asia and is gaining momentum in the US and Canada as
hotel guestrooms/bathrooms are made away from the construction site in a climate-
controlled environment, thereby avoids time-consuming challenges of traditional
methods such as poor weather and shortage of skilled labour. It also helps the
company in saving time, costs and improving the project efficiency.

5. To Know More
To know more and gain deeper understanding of how commercial
construction industry is shaping up Globally, click here.