Modular Construction Market research report execution is becoming very vital for the businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large scale Modular Construction Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses with the company profile, product specifications, production value, manufacturer’s contact information and market shares for company. Moreover, Modular Construction Market business report blends together all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with greatest clarity for strategic decision making.
Due to the potential of SWOT analysis and Porter’s Five Forces analysis in generating market research report, they are preferred by the businesses and hence also used while making an excellent Modular Construction Market report. Market drivers and market restraints explained in this report provides idea about the rise or fall in the consumer demand for the particular product depending on several factors. In addition, this market report also gives top to bottom assessment of the market with respect to income and developing business sector. Thus, the world class Modular Construction Market report endows with in-depth market analysis to thrive in this competitive environment.
Data Bridge Market Research analyses that the modular construction market was valued at USD 87.24 billion in 2021 and is expected to reach USD 139.04 billion by 2029, registering a CAGR of 6.00 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Market Definition
Modular construction is a process in which a building is constructed off-site. The building is constructed under controlled plant conditions using the same design and materials to the same codes and standards as usually built facilities but in around half the time. Buildings are manufactured in “modules” that when put together on site, and specifications of the most sophisticated site-built facility and reflect the identical design intent without compromise.
Competitive Landscape and Modular Construction Market Share Analysis
The modular construction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to modular construction market.
Some of the major players operating in the modular construction market are:
Laing O’Rourke (UK)
Red Sea International (Saudi Arabia)
ATCO LTD. (Canada)
Skanska (Sweden)
Kleusberg GmbH (Germany)
Anderco Pte. Ltd (Singapore)
CUSTOM SHIPPING CONTAINERS AND MODULAR BUILDINGS (Canada)
Honomobo Corporation (Canada)
Lendlease Corporation (Australia)
SG Blocks, Inc.(US)
Speed House Group of Companies (UAE)
Supertech Industries (UAE)
Tempohousing.(New York)
Guerdon L.L.C (US)
Bouygues Construction (France)
VINCI Construction Grands Projets (France)
ALGECO (France)
Katerra (US)
Modular Construction Market Dynamics
Drivers
Rise the demand in healthcare sector
Many hospital contractors and healthcare facilities are moving towards modular construction for headwalls, bathrooms, and even entire hospitals. Modular construction offers quiet, clean and safe, applications for surgical, medical, clinical, and dental use. In the healthcare sector, importance is given to reducing costs and shortening construction schedules while looking for high-quality building designs and materials. All the requirements for healthcare buildings such as new rehabilitation operating rooms, hospital extensions, clinics, emergency rooms, laboratories, diagnostic centers, or other medical facilities can be provided in 50% less time with the help of modular buildings
Rise in the number of government initiatives to reduce waste and promote green construction
Government initiatives to promote green construction, building techniques, and reducing waste are expected to drive modular construction demand. Such as: Singapore has mandated elements of pre-finished, prefabricated, and volumetric construction (PPVC) for all the projects on the government’s land. This is backed with subsidies for companies that participate with the target of standardizing and growing modern techniques of construction (MMC) in the country, thereby raising the demand for off-site construction.
Increase the demand in commercial sector
The commercial sector is the major sector in the modular construction market. Commercial buildings are constructed by using the modular construction process, according to the version of a code modeled and International Building Code (IBC) after the IBC and state regulations.
Opportunities
The rising popularity of the lean manufacturing technique which offers plenty of significant opportunities. The adoption of such techniques can give increase to permanent and durable permanent modular buildings. Furthermore, these construction techniques deliver various benefits and profitability to the retailers. Research and development activities could be secondary strong factor which is providing numerous business opportunities. There are large number of newest techniques in modular construction that can be resultant via wide research and with the increasing investments in R&D,
Furthermore, upsurge in emerging market and strategic collaborations will also act as market drivers and further increase valuable opportunities for the market’s growth rate.
Restraints/ Challenges
However, lack of reliability on modular construction in earthquake-prone areas significantly hampers the growth of modular construction market. The high cost of logistics, assembly issues associated with modular construction and high risk of transportation are the major factors which will hinder the growth and will further challenge the growth of modular construction market during forecast period.
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Global Modular Construction Market Scope
The modular construction market is segmented on the basis of material, type, products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
Concrete
Steel
Plastic
Wood
Other
Type
Permanent Modular
Relocatable Modular
Product
Walls
Roofs and Floor
Columns and Beams
Others
Application
Residential
Commercial
Industrial
Modular Construction Market Regional Analysis/Insights
The modular construction market is analysed and market size insights and trends are provided by country, material, type, products and application as referenced above.
The countries covered in the modular construction market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the modular construction market in terms of revenue and market share during the forecast period. This is due to the increasing demand for modular construction in this region. The Asia-Pacific region leads the modular construction market due to increasing urbanized population, increase in industrialization, and growth in spending capacity
During the projected period, North America is anticipated to be the fastest developing region due to rising environmental concerns, increasing up gradation of the existing infrastructure, and the rising interest in cost benefit and energy saving construction in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Major Points Covered in TOC:
Modular Construction Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Modular Construction market portions by application, study goals, and years considered.
Modular Construction Market Landscape: Here, the opposition in the Worldwide Modular Construction Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Modular Construction Profiles of Manufacturers: Here, driving players of the worldwide Modular Construction market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Modular Construction Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Modular Construction Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Modular Construction Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Modular Construction Market.
Modular Construction Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Modular Construction Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
The report can answer the following questions:
North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Modular Construction.
Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Modular Construction.
Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Modular Construction.
Different types and applications of Modular Construction, market share of each type and application by revenue.
Global of Modular Construction market size (sales, revenue) forecast by regions and countries from 2022 to 2029 of Modular Construction.
Upstream raw materials and manufacturing equipment, industry chain analysis of Modular Construction.
SWOT analysis of Modular Construction.
New Project Investment Feasibility Analysis of Modular Construction.
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