Latest published report by fortune business insights titled “Modular Construction Market Research Report by 2024?. This report provides an in-depth analysis of the modular construction industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

Modular Construction Market Size, Share & Industry Analysis, By Type (Permanent Modular Construction and Relocatable Modular Construction), By Material (Wood, Steel and Concrete) By Application (Commercial, Healthcare, Education & Institutional, Hospitality, and Others), and Regional Forecast, 2023-2030

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Market Overview:

The global modular construction market size was USD 79.92 billion in 2022 and is projected to grow from USD 84.48 billion in 2023 to USD 131.58 billion by 2030, exhibiting a CAGR of 6.5% during the forecast period. The Asia Pacific dominated the modular construction market with a share of 45.34% in 2022. Increasing demand for speed, cost savings, sustainability, and quality control to boost the growth of modular construction market globally.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Modular Construction Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of modular construction industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Modular Construction Market Key Players:

  • Guerdon Modular Buildings (U.S.)
  • Laing O’Rourke (U.K.)
  • ATCO (Canada)
  • Red Sea International Company (Saudi Arabia)
  • Bouygues Construction (France)
  • VINCI Construction Grands Projets (U.K.)
  • Skanska AB (Sweden)
  • Algeco (U.K.)
  • KLEUSBERG GmbH & Co. KG (Germany)
  • Katerra (U.S.)
  • Lendlease Corporation (Australia)

Modular Construction Market Drivers:

  • Reduced Construction Time: Modular construction allows for faster assembly and shorter project timelines compared to traditional methods, driving its adoption.
  • Cost Efficiency: Modular construction can lead to significant cost savings due to streamlined processes, reduced labor costs, and minimized on-site construction time.
  • Growing Demand for Affordable Housing: The need for cost-effective and scalable housing solutions boosts the use of modular construction in residential projects.
  • Technological Innovations: Advances in prefabrication technology, design software, and manufacturing processes enhance the capabilities and appeal of modular construction.
  • Focus on Sustainability: Modular construction supports sustainable practices through reduced waste, energy-efficient manufacturing, and improved environmental impact.

Reasons to Buy This Report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the Modular Construction Market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the modular construction industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • North America (By Type, By Material, By Application and By Country)
    • U.S. (By Application)
    • Canada (By Application)
  • Europe (By Type, By Material, By Application and By Country)
    • U.K. (By Application)
    • Germany (By Application)
    • France (By Application)
    • Italy (By Application)
    • Spain (By Application)
    • Rest of Europe (By Application)
  • Asia Pacific (By Type, By Material, By Application and By Country)
    • China (By Application)
    • India (By Application)
    • Japan (By Application)
    • Australia (By Application)
    • South East Asia (By Application)
    • Rest of Asia Pacific (By Application )
  • Middle East & Africa (By Type, By Material, By Application and By Country)
    • GCC (By Application)
    • South Africa (By Application)
    • Rest of Middle East and Africa (By Application)
  • South America (By Type, By Material, By Application and By Country)
    • Brazil (By Application)
    • Mexico (By Application)
    • Rest of LATAM (By Application)

Key Industry Developments

  • SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.
  • Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.
  • Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group’s modular construction business.
  • Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company’s multifamily portfolio.
  • Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Modular Construction Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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