Modular Construction Market : Extensive Analysis of the Current & Emerging Market Trends

Allied Market Research published a report, titled, "Modular Construction Market by Type (Permanent and Re-locatable), Material (Steel, Wood, Concrete, and Others), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2019-2026."

According to the report, the global modular construction market garnered $114.6 billion in 2018, and is estimated to garner $196.2 billion by 2026, witnessing a CAGR of 7.1% from 2019 to 2026.

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The wood segment to maintain its dominance in terms of revenue by 2026

Based on material, the wood segment accounted for the highest share of the global modular construction market, holding for more than two-thirds of the total share in 2018, and is estimated to maintain its dominance in terms of revenue by 2026. This is due to ease in design and rapid design process of construction along with high quality offered by wood.

The permanent segment to maintain its leadership status during the forecast period

Based on type, the permanent segment contributed to nearly two-thirds of the total share of the global modular construction market in 2018 and is estimated to maintain its leadership status during the forecast period. This is attributed to rise in customized and DIY construction activities. However, the re-locatable segment is expected to register the largest CAGR of 7.8% from 2019 to 2026.

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Key Findings of the Study:
o The report provides an extensive analysis of the current and emerging modular construction market trends and dynamics.
o Depending on type, the permanent segment dominated the market, in terms of revenue in 2018 and re-locatable segment is projected to grow at a CAGR 7.8% during the forecast period.
o By material, the wood segment led the modular construction market in 2018.
o Asia-Pacific is projected to register the highest growth rate in the coming years.

Leading market players
o ATCO
o Anderco Pte. Ltd.
o Giant Containers Inc.
o Honomobo Corporation
o Lendlease Corporation
o SG Blocks, Inc.
o Skanska AB
o Speed House Group of Companies
o Supertech Industries LLC
o Tempohousing

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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