Press release
Global Modular and Prefabricated Nonresidential Building Construction Market: Unprecedented Growth, Emerging Trends, and Key Players to Watch
Global Modular and Prefabricated Nonresidential Building Construction Market
What Is The Projected Market Size Of The Global Modular and Prefabricated Nonresidential Building Construction Market And Its Growth Rate?
The robust growth of the modular and prefabricated nonresidential building construction market manifests in its size figures:
•The market size grew strongly recently and is expected to reach $77.89 billion in 2024.
•The market is projected to further grow to $81.9 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.1%.
•The market size is projected to reach $103.88 billion in 2029, with a CAGR of 6.1%.
•The major drivers of this growth include strong economic growth in emerging markets, increasing government initiatives,urbanization rise and increase in modular construction.
What Is Driving The Growth In The Modular and Prefabricated Nonresidential Building Construction Market?
Amid the burgeoning urbanization, the modular and prefabricated non-residential building construction market thrives. This migration process from rural regions to cities, known as urbanization, expands and transforms urban landscapes, lifestyles, and economies. It boosts the demand for cost-effective infrastructure such as offices and schools, given the escalating land and labor costs. Based on data from the World Economic Forum, over 4.3 billion people, or 55% of the world's population, were living in urban settings as of April 2022. This urban population is predicted to surge to 80% by 2050, hence, driving the growth in the modular and prefabricated non-residential building construction market.
[Request A Free Sample Copy](https://www.thebusinessresearchcompany.com/sample.aspx?id=5472&type=smp)
Who Are the Key Players Driving Modular and Prefabricated Nonresidential Building Construction Market Growth?
The major companies propelling the market include:
•WillScot Mobile Mini Holdings Corp
•ATCO Ltd
•Algeco
•Fleetwood Limited
•Red Sea International Company
•KLEUSBERG GmbH & Co. KG
•Kirby Building Systems
•Champion Home Builders, Inc
•Guerdon, LLC
•ALHO Systembau GmbH
(This is just a part of the list. The complete list includes many more key players.)
What Are The Key Trends In The Modular and Prefabricated Nonresidential Building Construction Market?
Key trends in the forecast period include:
•Investing in mineral wool insulation materials
•Investing in 3D printing technology for fast and improved capabilities and services
•Investing in advanced construction technology
•Investing in advanced robotics in modular construction
What Are The Segments Of The Global Modular and Prefabricated Nonresidential Building Construction Market?
The market segments include:
1. By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal
2. By Application: Institutional, Industrial, Commercial, Agricultural
3. By End-User: Private, Public
Which Region Leads The Modular and Prefabricated Nonresidential Building Construction Market?
As of 2024, the Asia-Pacific region is leading the modular and prefabricated nonresidential building construction market. Meanwhile, Africa is projected to be the fastest-growing region in terms of market share during the predicted period. The market report features different regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
[Pre-book the Report for Swift Delivery](https://www.thebusinessresearchcompany.com/report/modular-and-prefabricated-nonresidential-building-construction-global-market-report)
What Is Covered In The Modular and Prefabricated Nonresidential Building Construction Market Global Market Report?
This report provides comprehensive analyses:
- Market Size Analysis: Analyze the Modular and Prefabricated Nonresidential Building Construction Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Modular and Prefabricated Nonresidential Building Construction Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Modular and Prefabricated Nonresidential Building Construction Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Modular and Prefabricated Nonresidential Building Construction Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
[Request Customization for This Report](https://www.thebusinessresearchcompany.com/customise?id=5472&type=smp)
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: mailto:info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Modular and Prefabricated Nonresidential Building Construction Market: Unprecedented Growth, Emerging Trends, and Key Players to Watch here
News-ID: 3839269 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Modular
Prominent Modular Kitchen Market Trend for 2025: Advancements In Modular Kitchen …
What industry-specific factors are fueling the growth of the modular kitchen market?
The significant surge in the residential construction industry has a considerable impact on the expansion of the modular kitchen market. The rising number of property projects and the escalating demand for compact homes are boosting the growth of the modular kitchen market. For instance, the Office for National Statistics, a UK government agency, reported in November 2023 that the…
Multifamily Modular Construction Market Demand Makes Room for New Growth Story: …
Latest Study on Industrial Growth of Global Multifamily Modular Construction Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Multifamily Modular Construction market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the…
Modular Systems Installation Services Market Implications for Biotechnology 2023 …
Modular Systems Installation Services Market Research Report Provides the Newest Industry Data and Industry Future Trends, allowing you to Identify the Products and End Users Driving Revenue Growth and Profitability.
The Modular Systems Installation Services Market is expected to reach USD 139.03 billion by 2029, up from 82.3 billion in 2022, at a compound annual growth rate (CAGR) of 6.2% during the forecast period. Modular systems installation services refer to the…
Multifamily Modular Construction Market by Manufacturers: Guerdon Modular Buildi …
Multifamily Modular Construction Market research report includes the competitive landscape that involves leading companies and adopting strategies to introduce new products, announce partnerships, and collaborate to contribute to market growth. Moreover, the report elaborates on numerous customers' journeys related to this industry, regions, and segments. The Multifamily Modular Construction Market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions.
Request a Free PDF…
Multifamily Modular Construction market: Analysts Predict Market to Reach New He …
"
The global Multifamily Modular Construction Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Multifamily Modular Construction Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of…
Multifamily Modular Construction Market 2020-2026 | In Depth Analysis with Top K …
The research report on the Multifamily Modular Construction Market is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have…
