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    Modular Construction Market Size, Share & Forecast.

    Modular Construction Market Size, Share & Forecast.
    Report code - SRCE128 Delivery - 2 Weeks
    Modular Construction Market Size, Share, Trend, Forecast, & Industry Analysis.
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    Modular construction market is likely to witness an impressive CAGR of 7.0% during the forecast period. The major factor leading to the growth of the market is infrastructure spending by the global and regional economies. Further, it is estimated that spending on infrastructure and capital projects will increase substantially over the next decade. China, India, and other countries in the Asia Pacific region, along with Brazil and South Africa, are investing enormously in the infrastructure industry, which is required for modernization and commercialization. Rapid urbanization in emerging economies, such as Brazil, India, Malaysia, and Thailand is likely to fuel the spending for the major infrastructure sectors, such as power, construction, and transportation. The improvement in economic conditions of emerging markets is the key factor that is driving the demand for modular construction.

    Modular Construction Market - Snapshot

    Growth

    7.0% for the next five years

    Major Construction Type

    Permanent

    Major Material Type

    Steel

    Dominant End-Use Sector Type

    Housing

    Region with the highest demand

    Asia-Pacific

    Key Players

    Laing O’Rourke, Red Sea Housing, ATCO, Bouygues Construction, VINCI, Skanska AB, and Algeco Scotsman.

                                                                                                                                                                                    

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    Modular Construction Market Share: By Construction Type

    Based on the construction type, the market is segmented as permanent and relocatable. The permanent segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increase in demand for new buildings built in less time, reduction in the cost of construction, and convenience in building process are the major reasons for the dominance of this segment of the market.

    Modular Construction Market Share: By Material Type

    Based on the material type, the market is segmented as steel, precast concrete, wood, plastic, and others. The steel segment is expected to remain dominant during the forecast period owing to its number of benefits compared to other materials, such as strength, durability, fire resistance, flexibility, structural integrity, and less requirement of maintenance throughout the life of the building.

    Modular Construction Market Share: By End-Use Sector Type

    Based on the end-use sector type, the modular construction market is segmented as housing, commercial, education, healthcare, and industrial. The housing segment leads the market driven by the increase in population; thus, creating demand for new houses in the urban and sub-urban areas along with rise in the construction activities of buildings and institutes.

    Modular Construction Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the fastest-growing modular construction market during the forecast period. The growth is owing to the increasing demand for houses at economical cost in developing economies. China and India are the growth engines of the region. In addition, China is likely to actively participate in abating housing problems, globally. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

    Some of the major modular construction manufacturers are Laing O’Rourke, Red Sea Housing, ATCO, Bouygues Construction, VINCI, Skanska AB, and Algeco Scotsman.

     

    Market Scope & Segmentation

    Modular construction is a process in which the components of the building are constructed away from the site, whereas the installation of the prefabricated components is done on-site using cranes.

    Modular construction can be done with different types such as permanent and relocatable. They are used in different end-use sectors such as housing, commercial, education, healthcare, industrial.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Modular Construction Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The modular construction market is segmented into the following categories. 

    Modular Construction Market Size, Share, & Forecast, by Construction Type:

    • Permanent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Relocatable (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Modular Construction Market Size, Share, & Forecast, by Material Type:

    • Precast Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Modular Construction Market Size, Share, & Forecast, by End-Use Sector Type:

    • Housing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Education (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Modular Construction Market Size, Share, & Forecast, by Module Type:

    • Four-Sided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Open-Sided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Partially Open-Sided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mixed Modules and Floor Cassettes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Modules Supported by a Primary Structure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Modular Construction Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the module types by end-use sector type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What is Modular Construction?

    Modular construction is a process in which the components of the building are constructed away from the site, whereas the installation of the prefabricated components is done on site using cranes. Modular construction can be done with different types such as permanent and relocatable. They are used in different end-use sectors such as housing, commercial, education, healthcare, industrial.

    What will be the CAGR of the Modular Construction Market?

    Modular construction market is likely to witness an impressive CAGR of 7.0% during the forecast period. The major factor leading to the growth of the market is infrastructure spending by the global and regional economies. Further, it is estimated that spending on infrastructure and capital projects will increase substantially over the next decade.

    Which country/region is expected to remain the largest Modular Construction Market?

    In terms of regions, Asia-Pacific is estimated to be the fastest-growing modular construction market during the forecast period. The growth is owing to the increasing demand for houses at economical cost in developing economies.

    Who are the key players in the Modular Construction Market?

    Some of the major modular construction manufacturers are Laing ORourke, Red Sea Housing, ATCO, Bouygues Construction, VINCI, Skanska AB, and Algeco Scotsman.

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