Prefabricated Buildings Enter a Policy Dividend Period, Precast Component Market Prospects Are Broad

With various regions successively introducing development goals for prefabricated buildings, the requirement for the proportion of prefabricated buildings in new construction generally reaches over 30%, leading to a significant increase in demand for products such as precast concrete components and light steel components. Multiple precast component manufacturers reported that their current order backlog extends to the first quarter of next year, and some enterprises are expanding production capacity. The industry expects that by 2028, China's prefabricated building market size will exceed RMB 2 trillion, bringing long-term growth opportunities to upstream and downstream building materials enterprises.