Modular Construction Market Future Growth Explored in Latest Research Report by 2026 | Komatsu, Kiewit, Skanska, L&T, Taisei, ACS Group, Bouygues Construction

The report covers a forecast and an analysis of the Modular Construction Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.

Overview of the Global Modular Construction Market:

The report spread across 90 pages is an overview of the Global Modular Construction Market. These report study based on the Modular Construction Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Modular Construction Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.

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According to the market report analysis, Modular Construction is one of the prominent industries seeking lean techniques to improve overall operational workflows. Modular Construction involves the delivery and assembling of pre-fabricated engineered building units at the construction site. The volumetric building modular units, which are usually in the form of highly serviced units, such as kitchens, toilets, complete rooms, or parts of a room. The construction process of modular buildings is faster than the conventional process, as it requires less time.

The most important key factors driving the growth of the Global Modular Construction Market are increase in population, rapid urbanization, increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives.

Regional analysis, APAC is expected to dominate the global market during the forecast period. This is attributed to the increasing construction activities owing to the rising demand from the residential and commercial sectors. Furthermore, proactive government initiatives to promote eco-friendly housing result in the growth of demand for modular buildings. In Europe, supportive government initiatives in the U.K. are further expected to result in the growth of the market.

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Major Key Players:

1 Komatsu

2 Kiewit Corporation

3 Skanska AB

4 Larsen & Toubro Limited

5 Taisei Corporation

6 Balfour Beatty PLC

7 ACS Group

8 Bouygues Construction

9 Guerdon Modular Buildings

10 JL Modular, Inc

11 KEF Infra

12 Laing O’Rourke

13 System House

14 Red Sea Housing Services

15 Palomar Modular Buildings

16 Julius Berge

Market Segment by Product Type:

1 Permanent Modular

2 Relocatable Modular

Market Segment by Industry:

1 Commercial

2 Residential

3 Industrial

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Global Business News:

Komatsu (March 19, 2021) - Komatsu adapting longwall business to best meet customer needs -Joy Powered Roof Support solutions to be manufactured through partnerships - Adapting its longwall mining equipment business to best meet customer needs to reduce costs and maximize performance, Komatsu today announced it will provide Joy engineered Powered Roof Support (PRS) solutions through partnerships with PRS manufacturers.

“As customers look to cut costs in the evolving coal market, we want to help provide flexibility while continuing to offer the core competencies we are known for in this space: Joy custom-engineered PRS solutions,” said Jason Savage, senior vice president Joy underground soft rock for Komatsu Mining Corp. “We will continue to provide, and further develop, the design and technical support of engineered PRS solutions to help our customers mine efficiently and safely while enabling access to lower cost manufacturing sources to reduce up-front investment.”

The company remains fully committed to supporting and serving the global longwall market by providing Joy engineered PRS solutions; designing bespoke roof supports; continuing to design and manufacture its Joy armoured face conveyors, shearers and longwall controls (including PRS controls); and providing project management, quality and integration services for longwall systems.

There are no expected disruptions to existing order fulfillment as part of the changes announced today. The company will continue to service and support all Joy longwall products including PRS through its global service network and will fully support existing customers for the lifetime of their operations.

There will be changes to the company’s manufacturing footprint as a result of this shift, impacting Komatsu’s Manchester and Worcester facilities in the United Kingdom, but no immediate changes have been announced and there are no further details available at this time.

“We are focused on working with our employees and our customers to make this transition as smooth as possible and empower the global mining market with the highest levels of longwall automation, remote operation, safety and productivity,” Savage said.

Table of Contents:

1 Modular Construction Definition

2 Global Modular Construction Market Major Player Share and Market Overview

2.1 Global Major Player Modular Construction Business Revenue

2.2 Global Modular Construction Market Overview

3 Major Player Modular Construction Business Introduction

3.1 Komatsu Ltd Modular Construction Business Introduction

3.2 Kiewit Corporation Modular Construction Business Introduction

3.3 Skanska AB Larsen & Toubro Limited Modular Construction Business Introduction

3.4 Taisei Corporation Modular Construction Business Introduction

3.5 Balfour Beatty PLC Modular Construction Business Introduction

3.6 ACS Group Modular Construction Business Introduction

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