Modular Construction Market by Precast Concrete, Steel Wood, Plastic Materials and Projected to Reach US$ 129.67 Billion by 2023 at Growing at 7.1% CAGR

Modular Construction Market by Precast Concrete, Steel Wood, Plastic Materials and Projected to Reach US$ 129.67 Billion by 2023 at Growing at 7.1% CAGR

New study on modular construction market analysis by Housing, Commercial, Education, Healthcare, Industrial and usage of materials like Steel Precast Concrete, Wood, Plastics.

 Modular construction market is estimated at USD 92.18 billion in 2018 and is projected to reach USD 129.67 billion by 2023, at a CAGR of 7.1%. Report aims at estimating Modular construction market size and growth potential of the modular construction market across different segments on basis of type, material, module, end-use sector, and region.

Download Free Sample Papers of Modular Construction Market spread across 146 Pages, Profiling 15 Companies and Supported with 91 Tables and 36 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1598294 .

Modular construction market is segmented into five different categories which include material, construction, product, application, and regions. Based on material, the modular construction market is segregated into concrete, steel, plastic, wood, and other. The concrete material segment is anticipated to hold the major share of the market in terms of revenue.  In terms of construction, the modular construction market is classified as commercial and relocatable modular construction.

It also provides detailed information regarding the major factors influencing growth of Modular construction market (drivers, restraints, opportunities, and industry-specific challenges). The increase in concern towards work zone safety, need for reduced construction time and cost, ease of installation and relocation, and supportive government initiatives drive the demand for modular construction.

The factory-controlled process of modular construction creates fewer site disturbances, and generates less waste. The construction process of modular buildings is faster than the conventional process since it occurs concurrently with site work, allowing the projects to be completed in half the time.

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The modular construction market has been segmented into housing, commercial, education, healthcare, and industrial. Housing segment led the modular construction market in 2017. Rising need for affordable houses, coupled with need for time-saving& cost-effective construction methods, drives the demand for modular construction in housing segment. Modular construction provides the ability to build residential building structures in about half the time as compared to conventional site-built construction methods.

The market for modular construction is led by major players such as 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).

Breakdown of Primaries

  • By Company Type: Tier 1 –35%,Tier2 –40%, and Tier 3 –25%
  • By Designation: C Level – 25%, Director Level – 35%, and Others – 40%
  • By Region: North America –25%, Europe –20%,Asia Pacific –35%,and RoW* –20%

Get Discount on “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” Report at https://www.reportsnreports.com/contacts/discount.aspx?name=1598294 .

The study also aims at strategically analyzing micro markets with respect to individual growth trends, prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics that include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as contracts, agreements, new projects, partnerships, joint ventures, and expansions in the modular construction market.

 Reasons to Buy the Report:

The regional segmentation of the modular construction market includes North America, Europe, Asia Pacific, Middle East & Africa, and South America. Increasing urbanized population, rising industrialization, and growing spending capacity are the factors spurring the growth in the Asia Pacific region. China is expected to lead the regional modular construction market over the forecast period.

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