Modular Construction Market Size Was Valued At USD 112.3 Billion In 2018 And Is Expected To Register A CAGR Of 6.5% Over The Forecast Period.

Credible Markets has added a new key research reports covering Modular Construction Market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Modular Construction Market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Modular Construction Market.

The growth of this market is attributed to increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives. Increase in population and rapid urbanization (translating to a large number of new construction projects) offer opportunities for the growth of the modular construction market. However, factors such as lack of awareness and volatility in transportation charges may inhibit the growth of the market.

In modular construction, buildings are typically constructed with a steel frame, steel, cold form steel wall panels, and hot-rolled steel framework. In terms of material consumption, steel accounts for the largest share in the modular construction market. It is known for its strength-to-weight serviceability. Steel frames offer numerous advantages over wood framed relocatable buildings. These include design flexibility, strength, structural integrity, durability, security, and fire resistance, reducing the need for repairs and maintenance throughout the building’s lifespan.

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Key players in the Global Modular Construction Market covered in Chapter 13:
• ACS Group
• Skanska AB
• Komatsu
• LARSEN & TOUBRO
• Balfour Beatty
• Kiewit Corporation
• Taisei Corporation
• Red Sea Housing
• System House
• LARSEN & TOUBRO

In Chapter 6, on the basis of types, the Modular Construction Market:
• Walls
• Roof & Floors
• Columns & Beams

In Chapter 7, on the basis of applications, the Modular Construction Market:
• Commercial
• Residential
• Industrial

Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions: United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World

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Some Points from Table of Content

Global Modular Construction Market Report - Production and Consumption Professional Analysis (Impact of COVID-19)
Table of Content
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Modular Construction Breakdown Data by Type
5 Modular Construction Breakdown Data by Application
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix

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Some of the most important bits of information assembled through the business survey study on the Global Modular Construction Market includes:

• Main incumbent players in the Modular Construction Market
• Newest developments that can positively increase the demand in the market
• Scientific advancements that can propel consumer demand in Modular Construction Market
• Anticipated CAGR over the forecast period i.e. 20XX to 20YY
• Largest consumer countries and regions for the products in Modular Construction Market
• Projected market evaluation in 20YY i.e. end of the forecast period in US$

Impact of Covid-19 in Modular Construction Market: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Modular Construction Market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

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