Labor Shortage to boost Demand for Modular Construction in the Global Market

According to a new market research report launched by Inkwood Research, the Global Modular Construction Market is likely to gain $152371.99 million by 2028, at a CAGR of 5.66% from 2021 to 2028.

Browse through 39 market data Tables and 42 Figures spread over 160 Pages, along with in-depth analysis on Global Modular Construction Market by Application, Materials, Construction, & Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Modular Construction Market Scenario
Several countries are currently facing labor shortages, including the US, Japan, South Korea, and European Countries. The rise in the aging population is among the major factors leading to a labor shortage. Hence, there is a growing need for automation and other technologies to ensure the timely completion of projects.

The construction sector has high labor requirements; thus, the shortage increases the demand for modular construction. This is mainly because modular construction reduces the need for laborers compared to traditional construction. Hence, the labor shortage is expected to widen the global market’s scope over the forecast period.

However, modular construction activities require transportation as most activities are conducted off-site, increasing the need for logistics to get prefabricated materials on-site. In this regard, the high transportation costs and complexities in logistics impede the overall market’s growth.

The Global Modular Construction Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Modular Construction Market by Application, Materials, Construction, & Geography: https://www.inkwoodresearch.com/reports/modular-construction-market/#request-free-sample

Market Segmentation
Market by Application
• Industrial/Institutional
• Commercial
• Residential
Market by Materials
• Wood
• Steel
• Plastic
• Concrete
Market by Construction
• Re-Locatable
• Permanent

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028

Companies Profiled
• ART’S WAY MANUFACTURING
• MODULAIRE GROUP
• ALTA-FAB STRUCTURES
• ATCO
• SKYLINE CHAMPION CORPORATION
• CHAMPION HOME BUILDERS
• RED SEA HOUSING
• ZEKELMAN INDUSTRIES
• FLEETWOOD AUSTRALIA
• ABTECH
• CIMC MODULAR BUILDING SYSTEMS
• KOMA MODULAR
• ASTRON
• CLAYTON HOMES
• BOUYGUES CONSTRUCTION

Related Reports
GLOBAL CELLULAR GLASS MARKET - The global cellular glass market is expected to advance a CAGR of 4.45% during the forecast period 2021-2028.

GLOBAL BUILDING AND CONSTRUCTION PLASTICS MARKET - The global building and construction plastics market is estimated to progress at a CAGR of 6.67% over the forecasted period 2019-2027.

GLOBAL BUILDING INSULATION MARKET - The global building insulation market is estimated to witness a growth rate of 3.64% and 3.35% in revenue and volume, respectively, over the forecasted period.

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