Modular Construction Market Overview, Size, Growth Analysis and Forecasts - 2027 Laing O'Rourke, Skanska AB, ATCO, Balfour Beatty, System House R

Constructing a building off-site while using the same raw materials, and designing to the same codes as well as the standards in the quicker time period is defined as modular constructions of the buildings. Buildings are produced in modules and are then put together which reflect identical to the design intent of that particular building. Modular constructions encompass various advantages over the conventional construction processes that include reduced costs and construction schedule, greater flexibility and reuse-ability, less wastage of materials, elimination of weather delays, and improved air quality.

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The key players influencing the market are ACS Group, Komatsu Ltd., Bouygues Construction, Kiewit Corporation, and Laing O'Rourke. Also, Skanska AB, ATCO, Balfour Beatty Plc., Taisei Corporation, and System House R & C Co. Ltd. are a few other important players in the modular construction market.

High level of urbanization, especially in the developing economies coupled with rising pollution levels, is one of the major driving factors for the modular construction market. Lesser awareness and social barriers are the major restraining factors to the growth of modular construction market. Various environmental legislations coupled with Government funding and support for modular constructions in densely populated areas across the globe is anticipated to provide larger opportunities for the players operating in the modular construction market.

Modular Construction Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Key Benefits

 This report provides a detailed study of Modular Construction market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
 In-depth coverage of the global Modular Construction market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
 This study further includes market analysis in terms of type and applications.
 Detailed study of the strategies of key leaders, partnerships, and acquisitions in the Modular Construction market is provided.

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