Global Modular Construction Market: Asia Pacific Region to Witness the Highest Growth

Evolve business intelligence, today, has published a new market research report on “Modular Construction Market with COVID-19 impact, global and segmental analysis”. According to the report, the global Modular Construction market is expected to grow from $XX Billion in 2020, which is expected to reach $XX Billion by 2028, growing at a CAGR of XX% from 2020 to 2028.

For more information on the report: https://evolvebi.com/product/modular-construction-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Modular Construction market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Modular Construction market report also includes the following data points:
• COVID19 Impact on Modular Construction market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Modular Construction market

Analyst View
According to Parimal, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario has negatively affected the construction market. As most of the housing projects will remain under construction due to supply chain disruption, cash flow constraints, and production shutdown. Due to the lockdown, several construction projects are facing labor crunch leading to an unexpected delay in the construction sector.”

Competitive Scenario
Some of the major Modular Construction players holding high market share include Laing O’Rourke, Red Sea Housing, Atco Ltd, and Skanska AB These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
• Offering
o Permanent
o Relocatable
• Material
o Steel
o Wood
o Concrete
• Module
o Four-sided
o Open-sided
o Partially open-sided
o Mixed modules & floor cassettes
o Others
• End Use
o Residential
o Office
o Education
o Hospitality

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the Modular Construction market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Laing O’Rourke
• Red Sea Housing
• Atco Ltd.
• Skanska AB
• Algeco Scotsman
• Kleusberg GmbH
• Lendlease Corporation
• Katerra
• Fluor Corporation
• Bechtel Corporation

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/modular-construction-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the Modular Construction market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the Modular Construction market
• To provide an overview of the value chain analysis pertaining to the Modular Construction industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall Modular Construction market
• To analyze opportunities in the market by identifying high-growth segments of the Modular Construction market
• To profile key players in the Modular Construction market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Modular Construction market

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This release was published on openPR.