Modular Construction Market size was valued at US$ 75.89 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.1% through 2022 to 2029, reaching nearly US$ 121.88 Bn.
Modular Construction Market Overview:
The goal of this research is to give a comprehensive overview of the Modular Construction market by segment, industry, and geography. The research includes thorough information on the primary elements impacting the Modular Construction industry's growth. The research also includes an in-depth evaluation of the market's value chain.
Market Scope:
The research technique used to analyze and predict the Modular Construction market begins with the collection of revenue data from major suppliers using secondary research sources. Vendor offers are also taken into account while developing market segmentation. The income of big firms was used to estimate the overall size of the Modular Construction market using the bottom-up technique.
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Segmentation:
The market is divided into two categories: Permanent and Relocatable. By 2029, the permanent modular construction type segment is anticipated to account for the biggest market shares of%. Using offshore and lean manufacturing technologies, permanent modular construction (PMC), a sustainable and innovative building method, prefabricates single- or multi-story structures in modular components. It is possible to shape PMC to fit into an existing structure. The Hawaii Film Studio, for instance, used PMC to meet stringent timelines and financial restrictions. Restaurants, hotels, schools, and healthcare facilities are a few instances of permanent modular construction.
Key Players:
• ATCO
• Anderco Pte. Ltd.
• Giant Containers Inc.
• Honomobo Corporation
• Lendlease Corporation
• SG Blocks, Inc.
• Skanska AB
• Speed House Group of Companies
• Supertech Industries LLC
• Tempohousing.
• Laing O’Rourke
• Red Sea Housing
• Atco Ltd.
• Algeco Scotsman
• Kleusberg GmbH
• Katerra
• Bechtel Corporation
• Fluor Corporation
The major players covered in the Modular Construction market report are
Regional Analysis:
A research team conducted extensive primary and secondary research for the worldwide industry's Modular Construction market study. Secondary research has been conducted in order to improve the available data, segment the market, assess total market size, forecast market size, and growth rate. Various approaches for calculating market value and market growth rate have been established. Our staff collects market facts and data from many areas in order to provide a more realistic regional perspective. The research's country-level analysis is developed by examining multiple regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic indicators.
Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts should maximize their competitive strengths and do competitive analysis on each rival independently.
COVID-19 Impact Analysis on Modular Construction Market:
The Modular Construction market research also includes a complete assessment of COVID-19's influence on the Modular Construction market based on import, suppliers, and market players.
Key Questions Answered in the Modular Construction Market Report are:
- Which segment was responsible for the largest share in the Modular Construction market?
- How was the competitive scenario of the Modular Construction market in 2020?
- Which are the key factors responsible for the Modular Construction market growth?
- Which region held the maximum share in the Modular Construction market in 2020?
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