The new year is quickly approaching, and as the days progress, changes come with them, including in the construction industry. When working in the industry, it’s important to know what to look out for and new advancements to be aware of. Not only does this keep you in the know about upcoming changes or updates, but it also gives you a competitive advantage among others in the industry who may not be up to speed with approaching updates. In this article, you’ll learn about what to expect with MEP tech stack for fab shop owners in 2023.

Overview of Prefabrication + Structural Steel

Fabrication is a simple way to describe the planning, designing, fabrication, and assembly of building elements at a location other than the final place those elements are installed. Prefab helps reduce the waste of construction materials that are used during building projects. It also cuts down on onsite manpower. Additionally, prefab allows warehouses to stay active during extreme weather conditions and unexpected shutdowns. This allows for more consistency and time efficiency in the project process.

Prefabricated buildings are fabricated using many different materials such as metal and wooden panels, glass, composites, and plastics. Structural steel is steel optimized for use in building construction. Some benefits of using structural steel are design flexibility, durability, ease of expansion, weather resistance, minimal maintenance, and eco-friendliness.

Prefabricated Building and Structural Steel Market Trends

There is expected to be a significant amount of growth in the construction industry, with an increase in infrastructural activities. One of the key factors that is positively influencing the market is technological advancements in the construction process. These advancements can include Building Information Modeling, Artificial Intelligence, and construction software, among many other advancements. There is also greater awareness amongst individuals of the benefits of utilizing fabricated material and structural steel.

Key Market Segmentation

• Segmentation by Component: Based on component and end-use sector, these are how the different components are broken up.

  • Prefabricated Building

  • Floors and Roofs (these currently dominate the prefab building market)

  • Walls

  • Staircase

  • Panels and Lintels

  • Structural Steel

  • H-Type Beam (these hold the largest share of the structural steel market since since they can bear larger loads and are great for large-scale projects)

  • I-Type Beam

  • Columns

  • Angles

  • Others

  
  

Breakup by End-Use Sector:

• Residential

• Institutional

• Commercial

• Industrial

  
  

Breakup by Region:

• Asia Pacific (this is the leading position in the market due to the growing population and the increasing awareness of the benefits of prefabrication).

• North America

• Europe

• Middle East and Africa

• Latin America