Market Highlights
The Europe Modular Construction Market for high Rise Buildings market is accounted to register a CAGR of 6.57% during the forecast period and is estimated to reach USD 169841.06 million by 2032.
The modular construction for high-rise buildings market refers to the industry focused on assembling building components in a factory-controlled environment and transporting them to the construction site for efficient and rapid assembly of tall structures. This approach offers time and cost savings, improved quality control, and sustainable construction practices, driving its adoption in urban development projects.
Segment Analysis
The Europe Modular Construction for high Rise Buildings market has been segmented based on Material, Building Height and Module Type.
On the basis of Material, the market is segmented into Steel. The market was controlled by the steel industry. Steel buildings can also be constructed using modules with four sides, open sides, particular modules for stairs or lifts, and modules that don't carry any weight.
Based on Building Height, the Europe Modular Construction for high Rise Buildings market has been segmented into Up to 70 Meters. The category for yachts up to 70 metres tall generated the highest revenue. Modular construction can make sense for high-rise structures up to 70 metres height. This height range increases flexibility and convenience in prefabricated module shipping, logistics, and installation.
Based on Module Type, the Europe Modular Construction for high Rise Buildings market has been segmented into Bathroom Pods. The market was dominated by the bathroom pods category. Bathroom pods are prefabricated modules produced away from the construction site in a controlled production environment. With this off-site production technique, precise construction, consistent quality control, and efficient utilisation of people and resources are all made possible.
Regional Analysis
The Europe Modular Construction for high Rise Buildings market, based on region, has been divided into the North America, Europe, Europe, and Rest of the World. North America consists of US and Canada. The Europe Modular Construction for high Rise Buildings market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Modular Construction for high Rise Buildings market in Europe has been segmented into China, India, Japan, Australia, South Korea, and the rest of Europe. The Rest of the World Modular Construction for high Rise Buildings market comprises of Middle East, Africa, and Latin America.
The North American Modular Construction for high Rise Buildings Market dominated this market in 2022. Both quick building repairs and affordable, sustainable housing are becoming more and more necessary in the area. Urbanisation, population growth, and the demand for affordable, ecologically friendly structures are driving an increase in the use of modular construction methods to construct high-rise buildings.
Additionally, The second-largest market share for high rise modular construction is held by Europe. The necessity to address the housing shortage, tight building rules, and the region's emphasis on ecologically friendly building practises have all boosted demand for modular construction. Additionally, a significant market driver in Europe is the demand for innovative and flexible construction solutions that can adapt to changing urban contexts.
Moreover, From 2023 to 2032, the market for high rise structures constructed using modular technology is anticipated to expand at the quickest rate in Europe. The Asia Pacific region is seeing rapid urbanisation and population growth, which is increasing demand for high-rise buildings. Modular construction is become more and more well-liked in this region as a result of its ability to meet the demand for quick and efficient constructing. Nations like China, India, and Singapore are investing in modular construction technologies to address housing issues, speed up development, and increase construction quality. There is a tonne of room for expansion in the market for modular construction in high-rise buildings.
MRFR recognizes the following companies as the key players in the global- Modular Construction Companies
Lendlease Corporation
Guerdon modular budiling
Laing O'Rourke
Katerra
Red Sea Housing
Bechtel Corporation
Kleusberg
Key Findings of the Study
- The North American Modular Construction for high Rise Buildings Market dominated this market in 2022. Both quick building repairs and affordable, sustainable housing are becoming more and more necessary in the area.
- Based on Module Type, The market was dominated by the bathroom pods category.
- Walker Modular, Euro components Italia SPA, PUDA Industrial Co Ltd, Old castle Superpods, Neopod Systems, Intelligent Offsite, Interpod Offsite, The Pod System, B and T manufacturing, and Elements Europe.
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