Study on Modular Construction Market Reaching Worth US$ 157.19 Billion Revenue to 2023 Dominated by Housing, Commercial, Education, Healthcare and Industrial

Study on Modular Construction Market Reaching Worth US$ 157.19 Billion Revenue to 2023 Dominated by Housing, Commercial, Education, Healthcare and Industrial

Study on modular construction market research dominated by Precast concrete, Steel Wood & Plastic materials. It also provides detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, & industry-specific challenges).

The modular construction market was valued at USD 106.15 billion in 2017 and is projected to reach USD 157.19 billion by 2023, at a CAGR of 6.9% during the forecast period. Report aims at estimating modular construction market size and growth potential of the modular construction market across different segments on the basis of type, material, module, end-use sector, and region.

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Primary objective of modular construction study is to define, forecast, & segment market by type, material, end-use sector, and region. Study also aims at strategically analyzing micro markets with respect to individual growth trends, prospects, & their contribution to total market. Base year considered for study is 2017 & forecast period is 2018-2023.

Research methodology used to estimate & forecast size of modular construction market started with capturing data on percentage contribution of modular construction in overall construction sector, market size of each type of modular construction through secondary research from sources such as companies’ websites, articles on modular construction, and association reports.

Modular construction market is led by major players like Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), ATCO (Canada), Bouygues Construction (France), VINCI (France), Skanska AB (Sweden), Algeco Scotsman (US), KLEUSBERG GmbH & Co. KG (Germany), KEF Katerra (India), and Lendlease Corporation (Australia).

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Modular construction market relies heavily on carriage facilities for transportation of raw materials from the supplier and to move modules from factory to site of installation. As long as transportation is available at a reasonable price, production can be carried out smoothly. There is also lack of awareness about the recyclability of modular buildings in the emerging economies in Africa and South America.

The key players profiled in the report are as follows:

  • Laing O’Rourke (UK)
  • Red Sea Housing (Saudi Arabia)
  • ATCO (Canada)
  • Bouygues Construction (France)
  • VINCI (France)
  • Skanska AB (Sweden)
  • Algeco Scotsman (US)
  • KLEUSBERG GmbH & Co. KG (Germany)
  • KEF Katerra (India)
  • Lendlease Corporation (Australia)

More Information “Modular Construction Market by Type (Permanent, Relocatable), Material (Precast concrete, Steel Wood, Plastic, Others), End-use sector (Housing, Commercial, Education, Healthcare, Industrial), and Region – Global Forecast to 2023” Study Report Now at www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1611703 .

Asia Pacific dominated the modular construction market in 2017, in terms of value. China contributes a major share to the Asia Pacific modular construction market. Increasing urbanization, increasing demand for buildings at affordable costs, and favorable policies and plans are driving the demand for modular construction in the region. Chinese prefabrication manufacturers are further collaborating with global manufacturers to solve their crisis for houses.

The report will help market leaders/new entrants in this market in the following ways:

  • This report segments the modular construction market and provides the closest approximations of revenue numbers for the overall market and its sub segments across different regions.
  • The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.
  • This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes the ranking of the top five players in the modular construction market.

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