Modular Construction Market to reach USD 114.78 Billion by 2028

The global modular construction market size is expected to gain momentum by reaching USD 114.78 billion by 2028 while exhibiting a CAGR of 6.1% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled, "Modular Construction Market, 2021-2028." The report further observes that the market stood at USD 72.11 billion in 2020.

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Top Companies present in the Modular Construction Market Report are:

Guerdon Modular Buildings
Red Sea International Company
Bouygues Construction
VINCI Construction Grands Projects
Skanska AB
Algeco
Katerra
Lendlease Corporation

The Modular Construction Market report considers the micro and macro aspect of all the market forces which help the companies to adopt the different tactics to propel their market growth and make the important strategic decision of their crucial investment planning. This report also identifies the factors responsible for each gap and technology's influence on each gap.

Analysis & Findings of the Modular Construction Market Report:

An in-depth analysis of the Modular Construction Market across regions - North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
How the Market sales are anticipated to grow throughout the forecast period?
How geopolitical policies and technical changes will affect the Market in near future
Where the stakeholders should invest to generate higher profit margins
How consumers (end-users) will reflect to the Modular Construction Market industry during the forecast period
Who are the industry leaders and what are the key initiatives taken by them for long term growth?

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Market Drivers:

Increasing Focus on Adoption of Lean Manufacturing Techniques to Propel Market GrowthModular development is an amalgamation of construction and manufacturing and is perceived to be known as lean production. This type of production enables considerable improvements in quality and productivity. Moreover, they aid in reducing waste and lowering of operating costs. Therefore, the growing adoption of lean manufacturing techniques is expected to bode well for the global modular construction market growth during the forecast period.Growing Industrialization in Developing Countries to Boost the MarketThere has been a surge in modular construction activities in several industries such as healthcare, education, hospitality, and others, which has resulted in the growth of this market. In Fort Lewis, Washington, for instance, Williams Scotsman, a modular building company, constructed a dental clinic with custom-made sub-specialty wards. Further, these constructions are cost-efficient and require less time for construction than traditional construction. This is also an important factor contributing for this market's growth. Apart from these factors, the rising number of government initiatives related to infrastructure in metropolitan cities and rural areas has led to increasing demand for modular buildings, thus leading to the growth of this market.

Why buy Modular Construction Market report?

The report offers a comprehensive evaluation of the Global Modular Construction Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

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Table of Content:

Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
PESTLE Analysis
Porter's Five Force Analysis
Global Modular Construction Market Share Analysis and Matrix, 2020
Key Market Insights and Strategic Recommendations
Profiles of Key Players (Would be provided for 10 players only)
Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Employee Size
Key Financials
Past and Current Revenue
Gross Margin
Geographical Share
Business Segment Share
Recent Developments
Primary Interview Responses
Annexure / Appendix
Global Modular Construction Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028

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This release was published on openPR.