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As per the study initiated by Evolve Business Intelligence, the global Modular Construction market size accounted for USD 150.1 Billion in 2022, growing at a CAGR of 8.1% from 2023 to 2033. The modular construction market refers to the industry involved in the design, manufacturing, and assembly of prefabricated building modules that are manufactured off-site in a factory-controlled environment and then transported to the construction site for final assembly. Modular construction offers a more streamlined and efficient approach to building construction, with the potential for faster project completion, cost savings, and improved quality control. The modular construction market is driven by factors such as the need for faster construction timelines, cost efficiency, sustainability, and the demand for flexible and adaptable building solutions. Modular construction allows for simultaneous activities to occur at the factory and on-site, reducing construction time and labor requirements. It also offers the potential for cost savings through economies of scale, reduced material waste, and improved project management.
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Key Highlights:
The global Modular Construction Market size was valued at USD 1 billion in 2022 growing at a CAGR of 8.1% from 2023 to 2033. North America dominated the market in 2022 Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Modular Construction Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Modular Construction market report also includes the following data points:
COVID19 Impact on Modular Construction market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Modular Construction market
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Key Players
Some of the major Modular Construction players holding high market share include ATCO, Anderco Pte. Ltd, Giant Containers Inc, and Bechtel Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
ATCO Anderco Pte. Ltd Giant Containers Inc Bechtel Corporation Lendlease Corporation SG Blocks Inc Skanska AB Speed House Group of Companies Supertech Industries LLC Fluor Corporation Modulaire Group
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Modular Construction Market:
Market Segment By Material with focus on market share, consumption trend, and growth rate of Modular Construction Market:
Steel Wood Concrete Others
Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Modular Construction Market:
Residential Commercial Industrial
| Parameters | Details |
| Market Size (2022) | $ 150.1 Billion |
| CAGR (2023 to 2033) | 8.1% |
| Market Segmentation | Type, Material, End User |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Modular Construction Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence provides an understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
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