Global Modular Construction Market: Emerging Trends, Major Key Players Laing O’Rourke (UK) and Red Sea Housing (Saudi Arabia)

According to the report, The global Modular Construction market size is expected to reach $127.10 Billion by 2028 growing at the CAGR of 5.80% from 2021 to 2028. The use of technology in modular construction is a major contributor to the rapid growth of the global market. In the past, technology was only used for advanced construction projects, but now it's part of everyday life. This growth is fueled by the automation of production lines and manufacturing systems so that they are more efficient and effective than ever before, as well as better use of materials and machinery. These technologies speed up the process and make construction safer.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global MODULAR CONSTRUCTION industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Modular Construction market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Modular Construction players holding highest market share include Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada) and Skanska AB (Sweden). These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Laing O’Rourke (UK)
● Red Sea Housing (Saudi Arabia)
● Atco Ltd. (Canada)
● Skanska AB (Sweden)
● Kleusberg GmbH (Germany)
● Algeco Scotsman (UK)
● Katerra (US)
● Lendlease Corporation (Australia)
● Bechtel Corporation (US)
● Fluor Corporation (US)

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of MODULAR CONSTRUCTION Market:
o Permanent
o Relocatable

Market Segment By Material with focus on market share, consumption trend, and growth rate of MODULAR CONSTRUCTION Market:
o Steel
o Concrete
o Wood

Market Segment By End-User with a focus on market share, consumption trend, and growth rate of MODULAR CONSTRUCTION Market:
o Residential
o Retail & Commercial
o Education
o Healthcare
o Office
o Hospitality

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Global Modular Construction Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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