Stratview Research has recently published a report on the Modular Construction Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2021 to 2026.
The market is segmented by Construction Type (Permanent, Relocatable), by Material Type (Precast Concrete, Steel, Wood, Plastic, and Others), by End-Use Sector Type (Housing, Commercial, Education, Healthcare, and Industrial), by Module Type (Four-Sided, Open-Sided, Partially Open-Sided, Mixed and Floor Cassettes, Modules Supported By a Primary Structure, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Modular Construction Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Modular Construction Market is likely to witness an impressive CAGR of 7.0% during the forecast period.
Some of the companies drive the market growth:
- Laing O’Rourke
- Red Sea Housing
- Bouygues Construction
- Skanska AB
- Algeco Scotsman
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By Construction Type
The market is segmented as permanent and relocatable. The permanent segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Increase in demand for new buildings built in less time, reduction in the cost of construction, and convenience in building process are the major reasons for the dominance of this segment of the market.
Asia-Pacific is estimated to be the fastest-growing modular construction market during the forecast period. The growth is owing to the increasing demand for houses at economical cost in developing economies. China and India are the growth engines of the region. In addition, China is likely to actively participate in abating housing problems, globally.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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