Press release
Modular Construction Market Size, Growth, Top Companies and Global Report 2023-2028
Global Modular Construction Market to Grow at 6% During 2023-2028, Influenced by Expanding Construction Industry
How big is the modular construction market?
The global modular construction market size reached US$ 81.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 114.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Market Outlook:
Modular construction refers to the offsite manufacturing of engineered buildings using standard materials and codes of construction. It occurs simultaneously with site work, allowing projects to be completed in half the time of traditional construction.
What are the recent trends in the modular construction industry?
The global modular construction market is primarily driven by the rising construction activities worldwide. Besides this, with the improved standards of living and inflating incomes, architects and constructors nowadays prefer offsite construction to improve visual aesthetics and enhance structural integrity, design flexibility, security and fire resistance. Furthermore, with the rising environmental concerns, constructors are rapidly opting for permanent modular constructions (PMC) for developing sustainable commercial, industrial and residential complexes.
Modular construction is a cost-efficient option that reduces the demand for raw materials and minimizes the amount of energy expended as it is disassembled, and the modules are relocated or refurbished for new use. Moreover, the advancements in manufacturing techniques and technologically advanced equipment are expected to positively impact the market in the coming years.
Get the Sample Report: https://www.imarcgroup.com/modular-construction-market/requestsample
Modular Construction Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the modular construction market has been studied in the report with the detailed profiles of the key players operating in the market.
Modular Construction Key Companies:
โข Algeco
โข Balfour Beatty plc
โข Bouygues
โข Etex Group
โข Guerdon LLC
โข KLEUSBERG GmbH & Co KG
โข Laing O'Rourke
โข Larsen & Toubro Limited
โข Lendlease Corporation
โข Red Sea International
โข Skanska AB
โข Taisei Corporation
Modular Construction Market Segmentation:
Breakup by Type:
โข Permanent
โข Relocatable
Breakup by Module Type:
โข Four Sided
โข Open Sided
โข Partially Open Sided
โข Mixed Modules and Floor Cassettes
โข Modules Supported by a Primary Structure
โข Others
Breakup by Material:
โข Steel
โข Concrete
โข Wood
โข Plastic
โข Others
Breakup by End Use:
โข Residential
โข Commercial
โข Education
โข Retail
โข Hospitality
โข Healthcare
โข Others
Breakup by Region:
โข North America: (United States, Canada)
โข Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
โข Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โข Latin America: (Brazil, Mexico, Others)
โข Middle East and Africa
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=4288&flag=C
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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