Our latest research report entitled Modular Construction Market (by type (permanent, relocatable), material (steel precast concrete, wood, plastic), end-user (housing, education, commercial, healthcare, industrial)) provides complete and deep insights into the market dynamics and growth of Modular Construction.
The latest information on market risks, industry chain structure Modular Construction cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Modular Construction growth factors.
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Global Modular Construction Market is Expected to Experience Rapid Growth
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% of 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.
Asia-Pacific Dominates 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 the 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 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.
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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.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/industry-automation/global-modular-construction-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Modular Construction.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.