Modular Construction Market Size, Share, and Analysis, By Type (Permanent Modular Construction and Relocatable Modular Construction), By Module (Four-Sided Modules, Open-Sided Modules, Partially Open Sided Modules, and Others), By Material (Wood, Steel, C

Modular Construction Market Size, Share, and Analysis, By Type (Permanent Modular Construction and Relocatable Modular Construction), By Module (Four-Sided Modules, Open-Sided Modules, Partially Open Sided Modules, and Others), By Material (Wood, Steel, Concrete, and Others), By End User (Residential, Commercial, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032

PRODUCT OVERVIEW

Modular Construction Market is expected to grow at a CAGR of 7% in the forecast period (2023-2032), with the market size valued at USD 118.3 billion in 2021 and projected to reach USD 249.3 billion by 2032.

Modular construction market refers to a sector that deals with the design, manufacturing, shipping, and installation of building components or full buildings in a factory setting. The modular construction industry is expanding rapidly, owing to a number of factors such as the demand for efficient and quick building solutions, enhanced quality control, affordability, and durability. It is widely used in the residential, commercial, healthcare, education, and hospitality sectors, where it meets the growing need for adaptable, high-quality construction solutions.

MARKET HIGHLIGHTS

Modular Construction Market is expected to reach USD 249.3 billion, growing at a CAGR of 7%, owing mostly to its capacity to provide efficient, high-quality, and cost-effective building solutions. Modular construction meets the demands of numerous fields, from homes and businesses to healthcare and education, with shorter construction schedules, improved quality control in regulated factory conditions, and sustainable practices. This development is urther fueled by technical breakthroughs, government assistance, and the global spread of modular building processes, transforming it into a revolutionary force in the construction sector.

Modular Construction Market Segments:

• By Type
• Permanent Modular Construction
• Relocatable Modular Construction
• By Material
• Wood
• Steel
• Concrete
• Others
• By Module
• Four-Sided Modules
• Open-Sided Modules
• Partially Open Sided Modules
• Others
• By End Users
• Residential
• Commercial
• Industrial
• Others

MARKET DYNAMICS

Growth Drivers

Rising Infrastructure Investments in Rapidly Growing Economies to Drive Market Growth

Changing Government Measures to Fuel Market Growth

Restraint

Increasing Offsite Manufacturing Investments and the Global Financial Crisis are hindering Market Growth

Key Players

• Lendlease Corporation
• Skanska AB
• Laing O'Rourke
• Red Sea Housing Services
• Bouygues Construction
• Katerra
• Kiewit Corporation
• Balfour Beatty plc
• Stora Enso
• Clayton Homes
• Champion Homes
• Modular Space Corporation
• Atco Ltd.
• Algeco Scotsman
• Fluor Corporation
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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