Singapore is the first country in the Southeast Asian region to use precast concrete prefabrication technology in the construction industry. It is also a world pioneer in quantifying buildability. The government policy and buildability legislation create opportunities for suppliers of prefabricated components such as partition walls. In this Market Insight, Frost & Sullivan analyses the prefabrication industry in Singapore, with the focus on the wall panels market, and provides market size, segmentation, forecasts, competitive trends, and industry participants' profiles.
Overview of the Property Market
Definition and segmentation
- Similar to the Malaysian property market, the Singaporean property market can also be segmented into residential and non-residential categories.
- A unique feature of Singapore's property market is the popularity of public housing units known as XXX units.
- All XXX units in Singapore are managed by the XXX and are constructed in the form of flats.
Overview of the Wall Panel Market
Definition and segmentation- A wall is a vertical solid structure that surrounds, divides, or protects an area in a building. Walls support roofs, floors, and ceilings and enclose a space as a part of the building envelope, along with a roof, to give buildings form and provide shelter and security.- Walls can be segmented into load-bearing walls and non-load bearing walls.o Load-bearing walls are walls that support imposed load in addition to their own weight.o Non-load bearing walls do not support load other than their own weight and wall fixtures and are commonly used as partition walls for the purpose of subdividing a storey into sections.- This research study focuses on non-load bearing walls and partition walls for residential buildings in Singapore.- Prefabrication method of construction refers to a technique where a wall or wall components are manufactured in a controlled environment (on- or off-site), transported, positioned, and assembled into astructure with minimal additional site work.
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