A recent report published by Infinium Global Research on modular
construction market provides in-depth analysis of segments and sub-segments in
the global as well as regional modular construction market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional modular construction market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global modular construction market. According to the report,
the global modular construction market is projected to grow at a CAGR of 8.2%
over the forecast period of 2019-2025.
The global modular construction market is expected to experience
rapid growth in the coming years. Growth in infrastructure investment and
rapidly expanding construction sector are key factors contributes to the growth
of the modular construction market. Additionally, increasing demand for modular
constructed buildings from institutional, healthcare, industries, and
commercial sectors are expected to drive the growth over the projected period.
Furthermore, advantages such as fewer materials waste, less
material exposure to inclement weather, safer construction, and built to code
with shorter build times have a positive impact on the global modular
construction market. Modular construction saves up to 35% on the initial
construction costs like labor and material. Moreover, supportive government
regulations and policies are also triggering market growth during the
forecast period. However, the lack of transportation service is expected to
hamper the growth of modular construction market. Furthermore, growing
inclination toward sustainable construction methods creating opportunities for
the global modular construction market.
Geographically, Asia-Pacific dominates the global modular
construction market over the forecast period. The rising demand for
eco-friendly construction, expanding support from government and massive
investments in the construction industry for infrastructural development are
some factors responsible for the growth of the market in the Asia-Pacific
region. The government of India plans to build 50 million homes and more than
90 smart cities under smart cities mission. Furthermore, India, China and other
countries in Asia-Pacific are investing significantly in the infrastructural
development. China is anticipated to be the major market for modular
construction in the region. Moreover, increasing inclination towards green
buildings drives the growth of the North America modular robotics market.
Europe is anticipated to hold maximum share in the modular construction market
owing to the developing interest in cost-benefit and energy-saving
construction.
The report on global modular construction market covers segments
such as type, material, and end-user. On the basis of type, the sub-markets
include permanent, and relocatable. On the basis of material, the sub-markets
include steel precast concrete, wood, and plastic. On the basis of end-user,
the sub-markets include housing, education, commercial, healthcare, and
industrial.
The report provides profiles of the companies in the market such
as CIMC Modular Building Systems Holdings Co.Ltd, Lendlease Group, KEF Katerra,
KLEUSBERG GmbH & Co. KG, Algeco Group, Skanska AB, Vinci SA, Bouygues S.A.,
ATCO, Red Sea International, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of modular
construction market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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