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Global Multifamily Modular And Prefabricated Housing Construction Market Report 2022 - Market Forecast, Trends And Strategies
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The global multifamily modular and prefabricated housing construction market report by the business research company the benefits associated with modular construction are projected to contribute to the growth of the multifamily modular and prefabricated housing construction market to be a major growth driver for the Multifamily Modular And Prefabricated Housing Construction market. There are multiple advantages offered by modular and factory-built housing, such as cost and time saving, reducing material wastage, assembly-line quality control, reducing strain on the site neighbourhood, and construction safety. For instance, according to the 2021 Emerging Trends in Real Estate report published by the Urban Land Institute (ULI), modular construction has emerged as a possible solution to the US housing affordability problem. Modular construction has the potential to make houses more inexpensive, efficient, and faster to construct. Therefore, advantages associated with modular and prefabricated construction are anticipated to increase the focus of multinational construction companies on modular housing construction, generating higher revenue for the multifamily modular and prefabricated housing construction market during the forecast period.
The global multifamily modular and prefabricated housing construction market grew from $38.5 billion in 2021 to $41.18 billion in 2022 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The multifamily modular and prefabricated housing construction market is expected to grow to $54.07 billion in 2026 at a CAGR of 7.0%.
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Asia Pacific is the largest region in the multifamily modular and prefabricated housing construction market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the multifamily modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the multifamily modular and prefabricated housing construction market are Guerdon Modular Buildings; ATCO; Laing O'Rourke; Red Sea International Company; Vinci Construction Grands Projets; Bouygues Construction; Skanska AB; Kleusberg GmbH & Co. KG; Algeco; Katerra.
The global multifamily modular and prefabricated housing construction market is segmented -
1) By Type: Permanent, Relocatable
2) By Material: Steel, Precast Concrete, Wood, Plastic, Others
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The Multifamily Modular And Prefabricated Housing Construction Market Report Contents Include
1. Executive Summary
2. Multifamily Modular And Prefabricated Housing Construction Market Characteristics
3. Multifamily Modular And Prefabricated Housing Construction Market Trends And Strategies
4. Impact Of COVID-19 On Multifamily Modular And Prefabricated Housing Construction
5. Multifamily Modular And Prefabricated Housing Construction Market Size And Growth
....
26. Africa Multifamily Modular And Prefabricated Housing Construction Market
27. Multifamily Modular And Prefabricated Housing Construction Market Competitive Landscape And Company Profiles
28. Multifamily Modular And Prefabricated Housing Construction Pipeline Analysis
29. Key Mergers And Acquisitions In The Multifamily Modular And Prefabricated Housing Construction Market
30. Multifamily Modular And Prefabricated Housing Construction Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Multifamily Modular And Prefabricated Housing Construction market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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