Press release
Modular Construction Market 2021 Disclosing Latest Trends and Advancement Outlook 2026
The Modular Construction Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global modular construction market is expected to register a CAGR of around 8% during the forecast period.
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Top Leading Companies of Modular Construction Market are ACS Actividades de Construcci-n y Servicios SA, Balfour Beatty PLC, Bouygues Construction, Guerdon Enterprises LLC, JL Modular Inc., Julius Berger Nigeria PLC, Katerra, Kiewit Corporation, Laing O'Rourke, Palomar Modular Buildings, Red Sea Housing Services, Larsen & Toubro Limited, System House R & C Co. Ltd, Taisei Corporation, Skanska and others.
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.
Asia-Pacific to Dominate the Market
- Asia-Pacific holds the largest share of the market worldwide and China alone has more than 7,000 indigenous dedicated players.
- The rapid increase in population in regions of China and India is expected to give a rise in modular construction activity.
- The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources. Singapore has mandated elements of prefabricated, pre-finished, and volumetric construction (PPVC) for all projects on government land.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Modular Construction Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Modular Construction Market (%),2016 - 2026
- Modular Construction Market Share, By Brand
- Modular Construction Market Share, By Company
- Modular Construction Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Modular Construction Market Value Analysis & Forecast
- Promising Modular Construction Development by Major Companies
- Detailed Modular Construction Portfolio of the Major Companies
- Major Deals in the Modular Construction Market
- Major Companies Analysis
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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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