The Global Modular Construction Market Scope is Expected to reach USD 277.76 Billion by 2030, at a CAGR of 8.1% during the forecast period 2022 to 2030.
Modular construction involves building structures offsite in controlled factory settings and then assembling them at their final destination. In this industry, lean techniques are being adopted to streamline workflows, enhancing productivity, quality, efficiency, and safety. Depending on the design, modular units can range from fully functional rooms like bathrooms or elevators to smaller portions of rooms. Compared to traditional construction methods, modular construction causes fewer site disruptions and generates less waste. This method is suitable for various structures, including industrial buildings, classrooms, construction camps, and military housing. In sectors such as hospitality and education, modular units are gaining popularity due to their lower costs and ease of installation. However, despite its widespread use, modular construction faces significant challenges in earthquake-prone regions, where concerns about its reliability limit further growth.
This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Modular Construction Market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;
List of Key Market Players:
- Skanska AB
- Speed House Group of Companies
- S.G. Blocks Inc.
- Atco
- Katerra
- Balfour Construction
- TAISEI CORPORATION
- Bouygues Construction
- Lendlease Corporation
- Giant Containers Inc.
- Red Sea Housing
- Bechtel Corporation
- Kleusberg GmbH
- Laing O’Rourke
- Algeco Scotsman
Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market for future strategies and predictions
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Market Segmentation:
By Type
- Relocatable
- Permanent
By Material
- Plastic
- Steel
- Wood
- Precast Concrete
- Others
Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Industry Developments:
In July 2021, A significant market presence across Europe was established by Modulaire Group through the acquisition of Procomm Site Services Ltd
Regional Analysis for Modular Construction Market:
✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
➥ What is the market size of the Modular Construction market?
➥ What is the market growth rate of the Modular Construction market?
➥ What are the Modular Construction market opportunities and threats faced by the vendors in the global Modular Construction Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Modular Construction market?
➥ What are the different sales, marketing, and distribution channels in the global industry?
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