Press release
Modular Fabrication Market May Set a New Epic Growth Story: ATCO, Zeton, Zekelman
Modular Fabrication Market
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Summary
Modular Fabrication Market Scope
Modular fabrication is a process to fabricate modules off-site in the fabrication facility. Modular fabrication is gaining popularity as it offers enhanced safety, quality, and faster than on-site construction. Increasing innovation and growing demand for prefabrication of MEP systems for modular constructions will noteworthy opportunities for the market during the forecast period. The increasing development of residential buildings and the emerging trend for prefabricated modules that can be installed in less space will accelerate the growth of the modular fabrication market.
The Modular Fabrication market study is segmented by Type (Permanent and Relocatable), by Application (Commercial, Residential, Industrial and Education and Healthcare) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Larsen & Toubro Ltd (India), Modulex (India), ATCO LTD. (Australia), Zeton (Canada), Zekelman Industries (United States), Worley (Australia), Turner Industries (United States), Levstal (Estonia), Bouygues Construction (France), Laing O'Rourke (United Kingdom), Balfour Beatty (United Kingdom), PCL Construction (Canada), Skanska (Sweden), Kleusberg Holding Gmbh and Co. Kg (Germany), Abtech, Inc. (United States), Panel Built, Inc. (United States), Lendlease (Australia), M Davis Inc. (United States) and Yanda Group (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
HTF MI Research has segmented the market of Global Modular Fabrication market by Type, Application and Region.
On the basis of geography, the market of Modular Fabrication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In December 2021, The Shaw Group announced the acquisition of Chemex Global Inc., a premier engineering, procurement, fabrication, and project management company. The acquisition will expand The Shaw Group's position in the modular engineering and fabrication market. The merger will also allow offering full-service end-to-end fabrication for various industries.
Market Trend
Inclination Towards the Steel Framed Modules for Factory or Industrial Applications
Increasing Innovation and Use of Advanced Technology like BIM for Prefabrication of Modular Construction Projects
Market Drivers
High Growth of Relocatable Modular Buildings Among the Users for Short-term International Events
Growing Demand for Modular Facilities in the Pharmaceutical and Biotechnology Industry Due to Increasing Need for Innovative Solutions
Increasing Infrastructural Development Across the Globe Due to Industrialization and Urbanization
Opportunities
Rapidly Growing Offshore Oil & Gas and Renewable Energy Industry Across the Globe will Boost the Demand for Offshore Structures
Increasing Demand for Prefabrication of Specific Parts of Buildings like Roof Trusses, Bathrooms, and Toilets
Restraints
High Transportation Cost and Limitation in Module Sizes Due to Complexity in the Transportation
Complicated Approval Process for Modular Production in Some States or Countries
Challenges
Requirement of Skilled Labor and Rapid Depreciation of Prefabricated Parts Compared to Standard Site-Built
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Modular Fabrication Service Providers, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others
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Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Modular Fabrication Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2027.
Strategic Points Covered in Table of Content of Global Modular Fabrication Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Modular Fabrication Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the Global Modular Fabrication Market Insights by Application, Product Type, Competitive Landscape &
....Continued
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It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision making.
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