Synopsis of Modular Construction Market
Market Research Future published a Half-Cooked Research Report on Modular Construction Market that contains the information from 2014 to 2022. The Modular Construction Market globally is expected to reach USD 104 million at the end of the forecasted period and is expected to show a staggering growth at CAGR of 6% from 2016 to 2022.
Key Players in Modular Construction Market
- Komatsu Ltd.
- Kiewit Corporation
- ACS Actividades de Construcción y Servicios S.A.
- Balfour Beatty
- Skanska AB Larsen & Toubro Limited
- Red Sea Housing Services
- System House R & C Co., Ltd.
- Taisei Corporation
- Balfour Beatty Plc
- Bouygues Construction
- Laing O’Rourke
- Julius Berger Nigeria Plc
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Market Drivers and Overview
Modular construction is prefabricated buildings that are manufactured in a plant. It offers significant advantages compared to conventional buildings such as cost effective, flexibility, shorter time to completion amongst others.
The Modular Construction Market is driven by the growth in construction and infrastructure industries. With the rising industrialization, the need for time saving construction methods are required, which has widened the scope of modular construction. Modular construction gets rid of jobsite issues such as access routes and traffic or security and storage of materials. Factories are typically located next to shipping hubs, aiding the flow of materials while reducing shipping costs. It is thus, a cost effective method of prefabricated construction. Furthermore, this kind of construction is highly dependent on the applications such as commercial, residential, infrastructure among others. With rapid industrialization in APAC region, the demand for infrastructure has gone up. This has fueled the demand for modular construction in the region. APAC is the fastest growing market for modular construction with a market size of USD 36.1 million by 2022.
Access the market data and market information presented through more than 85 market data tables and figures spread in 118 numbers of pages of the project report “Modular Construction Market”
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Brief Table for Contents for Global Modular Construction Market
1. Report Prologue
2.2 Scope of the Study
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4. Market Dynamics
4.4 Mega Trends
5. Market Factor Analysis
5.1 Value Chain Analysis
5.2 PORTERS Five Forces
5.3 Demand & Supply: Gap Analysis
6. Global Modular Construction Market by Material
7. Global Modular Construction Market by Construction Type
8. Global Modular Construction Market by Application
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