Modular And Prefabricated Nonresidential Building Construction Market, 2023 Size, Share, Trends, Growth Outlook with Company Analysis and Forecast to 2032

As per The Business Research Company's Modular And Prefabricated Nonresidential Building Construction Opportunities And Strategies Market Report 2023, The modular and prefabricated non-residential building construction market reached a value of nearly $46,515.43 million in 2016, having grown at a compound annual growth rate (CAGR) of 6.11% since 2016. The market is expected to grow from $62,567.18 million in 2021 to $ 88,195.79 million in 2026 at a rate of 7.1%. The market is then expected to grow at a CAGR of 7.74% from 2026 and reach $128,038.58 million in 2031.

Increasing population growth is expected to drive the growth of the modular and prefabricated nonresidential building market during the forecast period.

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Mineral wool insulation is a key trend gaining popularity in modular and prefabricated non-residential building construction.

Mineral wool insulation is a new technique widely used in the modular construction market. Mineral wool insulation is an insulator used in building industries because it offers exceptional flame resistance qualities and is a poor heat conductor.
Mineral wool insulation is advantageous because it has a natural moisture resistance property and significantly reduces sound transmission, which reduces sound intrusion inside buildings.

In July 2020, Johns Manville (JM), a US-based company operating in modular and prefabricated non-residential building construction, launched a product line of water-repellent, mineral wool industrial insulation materials. It would act as a defense against corrosion under insulation.
Rise In 3D Construction Printing Technology

3D printing technology is a new technique widely being used in the modular and prefabricated non-residential building construction market. Modular and prefabricated nonresidential building construction companies are using 3D construction printing for creating construction components or to 'print' entire buildings.

A construction 3D printer is a machine that can build facilities by depositing a material (concrete for example) layer by layer. Concrete 3D printing or "Construction 4.0" is a similar 3D printing technology to the one that Fused Filament Fabrication use. Paste-type material such as concrete or earth materials, is pushed through a nozzle in layers to print buildings in 3D.

The top opportunities in the modular and prefabricated non-residential building construction market segmented by type will arise in the standard metal market segment, which will gain $9,796.19 million of global annual sales by 2026. The top opportunities in the modular and prefabricated non-residential building construction market segmented by application will arise in the commercial market segment, which will gain $8,477.33 million of global annual sales by 2026. The top opportunities in the modular and prefabricated non-residential building construction market segmented by end user will arise in the public, which will gain $16,096.94 million of global annual sales by 2026. The top opportunities in the modular and prefabricated non-residential building construction market size will gain the most in the USA at $6,633.96 million.

Modular And Prefabricated Nonresidential Building Construction Market Segmentation:
The Modular And Prefabricated Nonresidential Building Construction market is segmented By Type, By Application, By End-User and by type of traders.

By Type -
a) Standard Metal
b) Agricultural Metal
c) Modular Nonmetal
d) Panelized Precast Nonmetal

By Application-
a) Institutional
b) Industrial
c) Commercial
d) Agricultural

By End-User -
a) Private
b) Public

Major players in the Modular And Prefabricated Nonresidential Building Construction market include WillScot Mobile Mini Holdings Corp
ATCO Ltd, Algeco, Fleetwood Limited, Red Sea International Company.

The regions covered in the global Modular And Prefabricated Nonresidential Building Construction market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Modular And Prefabricated Nonresidential Building Construction Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Modular And Prefabricated Nonresidential Building Construction Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers And Acquisitions
21. Global Modular And Prefabricated Nonresidential Building Construction Opportunities And Strategies
22. Modular And Prefabricated Nonresidential Building Construction Market, Conclusions And Recommendations
23. Appendix

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