Modular Construction Market Industry Analysis, Key Vendors, Opportunity and Forecast To 2028
The global modular construction
market is expected to gain significant growth in the forecast period of 2023 to
2030. Data Bridge Market Research
analyses that the market is growing with a CAGR of 6.4% in the forecast period
of 2023 to 2030. The global modular construction market
report provides details of market share, new developments, and the impact of
domestic and localized market players, analyses opportunities in terms of
emerging revenue pockets, changes in market regulations, products approvals,
strategic decisions, product launches, geographic expansions, and technological
innovations in the market. To understand the analysis and the market scenario,
contact us for an Analyst Brief; our team will help you create a revenue-impact
solution to achieve your desired goal.
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Market
Analysis and Insights
Increased support from government rules and policies
and a renewed focus on upgrading healthcare infrastructure are expected to
provide opportunities in the global modular construction market. However, a
lack of awareness regarding modular constructions is projected to challenge the
market growth. 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 reflect identical design intent without compromise. The
factory-controlled process generates less waste, creates fewer site
disturbances, and allows for tighter construction. Moreover, the construction
of modular buildings occurs simultaneously with site work, allowing projects to
be completed in half the time of traditional construction. Modular buildings
are built with the same materials and to the same building codes and
architectural specifications as traditional construction. Once assembled, they
are virtually indistinguishable from their site-built counterparts.
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Modular Construction
Market Scope
The global modular construction market is categorized based on
type, material, and end-user. The growth amongst these segments will help you
analyze major growth segments in the industries and provide the users with a
valuable market overview and market insights to make strategic decisions to
identify core market applications.
Type
- Permanent
- Relocatable
On the basis of type, the global modular construction market is
classified into permanent and relocatable.
Material
- Wood
- Steel
- Concrete
- Others
On the basis of material, the global modular construction market
is classified into wood, steel, concrete, and others.
End-User
- Residential
- Hospitality
- Healthcare
- Education
- Retail and Commercial
- Office
- Others
Competitive Landscape and Modular Construction
Market Share Analysis
The global modular construction market competitive
landscape provides details by competitors. Details included are company
overview, company financials, revenue generated, market potential, investment
in research and development, new market initiatives, production sites and
facilities, company strengths and weaknesses, product launch, product trials
pipelines, product approvals, patents, product width and breadth, application
dominance, technology lifeline curve. The above data points provided are only
related to the companies' focus related to the global modular construction
market.
The major players
covered in the silicon nitride market report are
Some of the prominent
participants operating in the global modular construction market are LAING
O'ROURKE, RED SEA INTERNATIONAL, ATCO LTD., Skanska, Modulaire Group,
KLEUSBERG, Bechtel Corporation, Fluor Corporation, DUBOX, Kwikspace, Guerdon,
LLC., Westchester Modular Homes, Wernick Group, KOMA MODULAR, Elements Europe,
FORM Homes, Northgate Industries Ltd., Modular Engineering, CUSTOM SHIPPING
CONTAINERS AND MODULAR BUILDINGS, and HONOMOBO among others.
.,
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