In 2023, the sales value of prefabricated stationary wood buildings shipped in panel form stood at a significant level, with forecast data from 2024 through 2028 indicating a declining trend. The projected sales are expected to drop from 116.51 million USD in 2024 to 32.91 million USD in 2028, reflecting a substantial year-on-year decline. The compound annual growth rate (CAGR) over this five-year period reveals a negative growth trajectory as sales decrease by an average rate each year.
Future trends to watch for:
- Shifts in consumer preference towards sustainable and eco-friendly materials could impact prefabricated building sales.
- Technological advancements in construction techniques may drive efficiency, potentially altering future sales projections.
- Market dynamics, such as changes in construction regulations or economic fluctuations, could influence demand.