Modular Construction Market: An Analysis of Business Growth, Development Factors, and Upcoming Trends Forecast 2024-2032

Fortune business insights published latest report titled "𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐨𝐝𝐮𝐥𝐚𝐫 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐" The Modular construction market size is experiencing rapid growth, driven by increasing demand for cost-efficient, time-saving, and sustainable building solutions. Explore key trends, technologies, market drivers, competitive landscape, and regional insights shaping the future of modular construction across various sectors including residential, commercial, and industrial projects.

This report provides an in-depth analysis of the current market size, share, trends, growth segments, and competitive dynamics in the Modular construction industry. It helps businesses identify opportunities for growth and development, while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make informed decisions about their strategies and investments in the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭|https://www.fortunebusinessinsights.com/enquiry/sample/modular-construction-market-101662

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH & Co. KG (Germany), Katerra (U.S.), Lendlease Corporation (Australia)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲:
The global modular construction market size was valued at USD 84.63 billion in 2023. The market is projected to grow from USD 89.64 billion in 2024 to USD 151.48 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period.

The modular construction market is expanding rapidly as a result of urbanization, population growth, and the demand for faster, more efficient construction methods. Technological advancements have increased the quality and customization options of modular buildings, making them more popular. Furthermore, the emphasis on sustainability encourages the use of modular construction, which produces less waste and consumes fewer resources than traditional methods. However, factors such as a lack of awareness and volatility in transportation charges may impede market growth.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:
• Modular building adopts agile approaches to optimize operational efficiency.
• Permanent Modular Construction (PMC) involves off-site manufacturing for single and multi-story structures.
• PMC enhances construction workflows by improving operational performance and identifying process improvements.
• Example: Skender opened a modular production facility in Chicago in May 2022.
• Major companies are modernizing with lean manufacturing, standardized project management (SPM), and building information modeling (BIM).
• These innovations contribute to the growth of the modular construction market.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
The Asia Pacific region is projected to experience robust growth in the modular construction market during the forecast period. This growth is driven by rapid urbanization and significant infrastructure development, particularly in the commercial and residential sectors. Additionally, government initiatives in developing economies have increasingly supported modular construction activities, further boosting the market.

In the U.S., the demand for modular construction is rising across various sectors, including healthcare, education, and multi-family housing. General contractors are using modular structures for building superstructures and handling electrical, plumbing, and mechanical installations, with over 69% of contractors in the northeastern U.S. utilizing modular components. Meanwhile, in Europe, government policies in the U.K. are accelerating modular construction, with initiatives to reduce greenhouse gas emissions by 50% and funding for innovative home-building projects. The Middle East & Africa are also set to witness significant growth due to technological advancements, while Latin America is expected to see slower growth due to resistance to modular housing adoption.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
• Atco Structures announced its acquisition of NRB Limited (NRB), a leading Canadian manufacturer of modular educational, industrial, and residential buildings.
• Module-AR Ltd, which operates as a firm engaged in modern construction, was acquired by Vanguard to significantly increase its capacity for both temporary and permanent modular construction space production.
• Private Equity firm based in Mutares finalized the acquisition of Byldis UK which operates as a modular construction specialist.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
• 𝐁𝐲 𝐓𝐲𝐩𝐞- Permanent Modular Construction (PMC), Relocatable Modular Construction
• 𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥- Concrete, Steel, Wood
• 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧- Commercial, Healthcare, Education & Institutional, Hospitality, Others (Residential)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
• 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚- U.S., Canada
• 𝐄𝐮𝐫𝐨𝐩𝐞- U.K, Germany, France, Italy, Spain, Rest of Europe
• 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜-China, India, Japan, Australia, South East Asia, Rest of Asia Pacific
• 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 & 𝐀𝐟𝐫𝐢𝐜𝐚- GCC, South Africa, Rest of the Middle East and Africa
• 𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚- Brazil, Mexico, Rest of South America

𝐀𝐬𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭|https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/modular-construction-market-101662

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐀𝐫𝐞 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
1. What companies are currently profiled in the report?
2. What does regional segmentation include? Can specific countries of interest be added?
3. What market opportunities and threats do manufacturers face in the global market?
4. What are the current trends influencing the market shares of the Americas, APAC, and EMEA?
5. What will be the size of the Modular Construction Market in 2032?
6. Who are the leading vendors in the global modular construction market?
7. What will be the growth rate?
8. What are the main market trends?
9. Which market regions are influencing the growth of the modular construction market?
10. What are the factors driving the modular construction market?

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬:
1. Modular Construction Market Overview
- Market Snapshot
- Definition
- Product Classification
2. Modular Construction Market Dynamics
- Drivers, Trends, Restraints......
- Market Factors Analysis
3. New Entrants and Entry-barriers
4. Standardization, Regulatory and collaborative initiatives
- Manufacturing Process Analysis
- Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers
5. Global Modular Construction Market Competition by Manufacturers
6. Modular Construction Market Value [USD], Capacity, Supply (Production), Consumption, Price, Export-Import (EXIM), by Region (2024-2032)
7. Modular Construction Revenue (Value), Production, Sales Volume, by Region (2024-2032)
8. Modular Construction Market Trend by Type {Walls, Roof & Floors, Columns & Beams & Other Product Types}
9. Modular Construction Market Analysis by Application {Commercial, Residential & Industrial}
10. Modular Construction Market Manufacturers Profiles/Analysis
- Market Share Analysis by Manufacturers (2023)
- Manufacturers Profiles (Overview, Financials, SWOT etc)
- Connected Distributors/Traders
- Marketing Strategy by Key Manufacturers/Players

𝐓𝐎𝐂 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝………!

𝐆𝐞𝐭 𝐀 𝐐𝐮𝐨𝐭𝐞|https://www.fortunebusinessinsights.com/enquiry/get-a-quote/modular-construction-market-101662

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This release was published on openPR.