Press release
Time and Cost-Effectiveness Drive Global Modular Construction Market Growth
In a recent report of Inkwood Research, the Global Modular Construction Market is predicted to propel with a 6.68% CAGR during the forecast period 2023-2032.Browse 43 market data Tables and 46 Figures spread over 230 Pages, along with an in-depth analysis of the Global Modular Construction Market by Construction, Material, Application, & by Geography.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/modular-construction-market/
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Modular Construction Market Scenario
Balancing time and cost are pivotal in the building industry, particularly in emerging and developed economies. Modular construction addresses these issues, reducing build times by 30% to 50% and lowering costs due to decreased on-site labor. By shifting most production activities off-site, inefficient and slow site processes are replaced with efficient, rapid factory operations.
Moreover, the reduced on-site activities result in less waste production, an additional benefit of modular construction. The method's numerous advantages have led to its adoption globally, promoting market growth. With such considerable time and cost efficiencies, modular construction presents a compelling alternative in the global construction landscape.
Additionally, the environmental benefits of reduced waste and efficient material usage make it a sustainable choice, aligning with global efforts to combat climate change. The versatility of modular construction, accommodating diverse architectural designs and functional requirements, also broadens its appeal, stimulating further market expansion.
The Global Modular Construction Market report provides data tables and includes charts and graphs for visual analysis.
Request a Free Sample Report for the Global Modular Construction Market by Construction, Material, Application, & by Geography: https://inkwoodresearch.com/reports/modular-construction-market/#request-free-sample
Market Segmentation
Market by Construction
• Permanent Modular Construction
• Relocatable Modular Construction
Market by Material
• Steel
• Concrete
• Wood
• Plastic
Market by Application
• Commercial
• Industrial/Institutional
• Residential
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
Companies Profiled
• LARSEN & TOUBRO LIMITED
• KLEUSBERG GMBH & CO KG
• MODULAIRE GROUP
• BERKELEY GROUP (BERKELEY MODULAR)
• GUERDON MODULAR BUILDINGS
• JEFF LUCHETTI CONSTRUCTION INC
• PALOMAR MODULAR BUILDINGS
• TAISEI CORPORATION
• RIKO HIŠE DOO
• KOMA MODULAR
• LAING O'ROURKE
• BALFOUR BEATTY PLC
• BOUYGUES CONSTRUCTION
• ASTRON
• SYSTEM HOUSE R&C CO LTD
• RED SEA HOUSING
• SKANSKA GROUP
• ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
• WERNICK GROUP
• JULIUS BERGER NIGERIA PLC
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