Last edited 20 Feb 2019

Global Modular Construction Market


[edit] Global Modular Construction Market By Type (Permanent, Relocatable), By Material (Steel, Precast Concrete, Wood, Plastic), By End-use Sector (Housing, Commercial, Education, Healthcare, Industrial Global Modul), And Forecast To 2026

[edit] Global Modular Construction Market Analysis

According to Verified Market Research, the Global Modular Construction Market was valued at USD 108.89 Billion in 2018 and is projected to reach USD 181.2 Billion by 2026, growing at a CAGR of 6.6% from 2019 to 2026.

[edit] What is a Modular Construction?

Modular Construction is defined as a process of constructing prefabricated houses or buildings by using the same material and designing to the same codes & standards that are used while building conventional facilities. The building is constructed in modules and further reflects the identical design, when put together, specifications of most sophisticated site building facility without any negotiation. The modular units used for building the houses could be in the form of highly serviced units such as lifts or toilets, complete rooms, or parts of a room.

[edit] Global Modular Construction Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Growing infrastructure investment & industrialization, rising concern toward work-zone safety, the requirement for lower environmental impacts along with ease of installation and relocation have been driving the global modular construction market. On the other hand, the economic downturn in key regions might act as a restraint for the overall market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Modular Construction Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

[edit] Global Modular Construction Market Competitive Landscape

The “Global Modular Construction Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Skanska, Balfour Beatty PLC, ACS Actividades de Construcción y Servicios S.A., and Red Sea Housing Services. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Modular Construction Market Segmentation, By Type

• Permanent
• Relocatable

Global Modular Construction Market Segmentation, By Material

Precast Concrete
• Others