Modular Construction Market 2020 Global Outlook - Skanska, Bouygues Construction, Balfour Beatty Plc

Modular Construction Market - Growth, Trends, and Forecast (2020 - 2025)

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Modular Construction Market on the basis of stating current situation of the industry in 2020.

Market Overview

The global modular construction market is expected to register a CAGR of around 8% during the forecast period.

The major factor driving the growth of the market studied is the increasing demand from construction industries in countries of Asia-Pacific. On the flip side, the high cost of logistics is expected to hinder the growth of the market studied.

- By the construction industry, the permanent modular segment accounted for the largest share and by material, the steel segment accounted for the largest share

- Implementation Of Building Information Modelling is projected to act as an opportunity for the market in future.

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Competitive Landscape

The global modular construction market is highly fragmented, with no player holding a significant share to influence the market. Key players in global modular construction market include Skanska, Bouygues Construction, Balfour Beatty Plc, ACS Group, and Taisei Corporation.

Key Market Trends:

Relocatable Modular Construction A Huge Market Potential

- A relocatable building is a partially- or completely-assembled building that complies with applicable codes and state regulations and is constructed in a building manufacturing facility, using a modular construction technique.

- Relocatable modular buildings are designed to be reused or repurposed multiple times and transported to different sites. Some owners or manufacturers provide lease for such relocatable modular building services, as per the consumer's requirements for office expansion, auditorium space, and medical facilities, in a short-term agreement.

- Consumers served by relocatable modular buildings include state, provincial, and local governments, non-profit organizations, corporations, school boards, health care providers, retail establishments, as well as individuals, partnerships, and sole proprietorships. School districts, across North America, are the largest owners of relocatable classrooms buildings.

- These factors are leading to the increasing demand in the modular construction in global market throughout the study period.

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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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