The rise of prefabrication technology in construction stocks
What Is Prefabrication Technology?
– Prefabrication involves manufacturing building components in a factory and assembling them on-site. – It enhances efficiency, reduces costs, and shortens construction timelines.
Applications of Prefabrication in Construction
– Residential Housing: Rapid assembly of affordable housing units. Commercial Buildings: Modular offices, malls, and retail spaces.
Companies Leading the Prefabrication Revolution
– Larsen & Toubro (L&T): Implements prefabrication in large-scale infrastructure projects. – KEC International: Uses prefab technology for power transmission and railways.
Why Prefabrication Is Gaining Popularity
– Cost Efficiency: Reduced labor and material wastage lower overall project costs. Time Savings: Accelerated project timelines with factory-made components.
Investment Insights
– Efficiency Gains: Companies leveraging prefabrication achieve better margins. Rising Demand: Urbanization and government projects fuel the need for modular construction.