Press release
Modular Construction Market to Witness Huge Growth in 2027 | Key Player Analysis: ACS Group, Komatsu Ltd., Bouygues Construction, Kiewit Corporation, and Laing O'Rourke. Also, Skanska AB
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Modular Construction Market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Modular Construction Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.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.
Some of 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.
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Key Benefits
The study provides an in-depth analysis of the global Modular Construction Market to elucidate the prominent investment pockets.
Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.
The report provides information related to key drivers, restraints, and opportunities and their impact analysis.
The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
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 report provides an in-depth insight of Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. The research report focuses on the leading competitors of the Modular Construction Market and provides information such as the company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production, and contact information.
The "Global Modular Construction Market Analysis to 2027" is a specialized and in-depth study of the modular construction market with a focus on the global market trend. The report aims to provide an overview of the global modular construction market with detailed market segmentation by product, material, end-user, and geography. The global modular construction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report analyzes factors affecting Modular Construction Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the Modular Construction Market in these regions.
Key Insights that the report covers:
• Key drivers, restraints, and prevailing trends
• Market size, growth rate, and opportunities
• Market share and position of the top players
• PEST Analysis of the five major regions
• Detailed SWOT analysis of top 10 companies
• Recent developments and new product launches
• Major challenges faced by the market players
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.
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