Press release
Modular Construction Market to Witness Huge Growth by 2031 - Algeco Scotsman, Laing O'rourke, Cimc Modular Building Systems Holding, Red Sea Housing
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The Modular Construction market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Modular construction is a building process in which structures are created using prefabricated modules or sections that are manufactured off-site in a controlled environment. These modules are then transported to the construction site and assembled into a final structure. This method allows for faster construction times, reduced labor costs, and minimized on-site disruption compared to traditional building methods. Modular construction can be used for a variety of projects, including residential, commercial, and industrial buildings. The approach also offers flexibility in design and the potential for high-quality finishes, as the modules are produced under standardized conditions.
Forecast Growth Projected:
The Global Modular Construction Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Modular Construction Market:
Algeco Scotsman, Laing O'rourke, Cimc Modular Building Systems Holding, Red Sea Housing, Kleusberg GmbH & Co. Kg, Kwikspace Modular Buildings, Westchester Modular Homes, Koma Modular, Skanska AB and Bouygues Construction.
Segment Covered in the Modular Construction Market:
By Material: Wood, Plastic, Steel, Precast Concrete
By Type: Relocatable Modular Concrete, Commercial Permanent Modular
By End User: Healthcare, Housing, Industrial, Education, Others
Regional Analysis:
The global Modular Construction Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Modular Construction Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Modular Construction Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Modular Construction manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Modular Construction in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Modular Construction Market?
The Modular Construction Market size was USD $91.1 billion in 2023. It is expected to reach USD $121.4 billion by 2031.
How fast is the Modular Construction Market growing?
The Modular Construction Market will exhibit a CAGR of 5.7% during the forecast period, 2024-2031.
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