Modular Construction Market Overview
Maximize Market Research, a leading Business Consultancy Firm, has released an in-depth analysis of the “Modular Construction Market.” The report provides crucial business insights, including demand analysis, pricing strategies, and a detailed competitive landscape. It presents a thorough examination of the current status of the Modular Construction market, with projections extending into the year.
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Market Growth Estimate:
Modular Construction Market size was valued at US$ 85.43 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.1% through 2024 to 2030, reaching nearly US$ 129.30 Bn.
Modular Construction Market Scope and Methodology:
The Modular Construction market report offers extensive information on key factors anticipated to drive industry growth as well as upcoming challenges. This research provides stakeholders with a detailed understanding of the competitive environment, notable product offerings by major companies, and potential investment opportunities within the Modular Construction industry. The analysis covers both qualitative and quantitative aspects of the sector, incorporating a comprehensive evaluation of regional markets for the Modular Construction Market.
The report is constructed using primary and secondary data sources, including government websites, publications, annual reports, and expert evaluations. This methodology ensures an accurate and comprehensive depiction of all critical elements of the Modular Construction Market.
Modular Construction Market Segmentation
The report provides a detailed segmentation of the Modular Construction Market, highlighting key segments and sub-segments to offer a nuanced understanding of market.
by Type
Permanent
Relocatable
by Material Steel
Wood
Concrete
The market is divided into Permanent and Relocatable segments based on the kind. By 2030, it is anticipated that the permanent modular construction type segment will command the highest market shares. Using offshore and lean manufacturing technologies, permanent modular construction (PMC) is an innovative and sustainable building method that prefabricates single- or multi-story structures in modular components. It is possible to mold PMC to fit into an already-existing structure. The Hawaii Film Studio, for instance, used PMC to meet strict timelines and financial restrictions. Some examples of permanent modular construction are restaurants, hotels, schools, and healthcare institutions.
by Module
Four-sided
Open-sided
Partially open-sided
Mixed modules floor cassettes
Modules supported by a primary structure
Others
by End-Use
Sector Residential
Office
Education
Retail Commercial
Hospitality
Healthcare
Others
by Building Height
Up to 70 meters
70-100 meters
100-170 meters
Above 170 meters
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Modular Construction Market Regional Insights
This report includes a detailed analysis of all relevant parameters such as market size, growth rate, and import/export dynamics by region. The geographical study facilitates an understanding of the Modular Construction market conditions across various nations. The market encompasses regions including Europe, Asia Pacific, Latin America, Africa, and the Middle East, offering a global perspective on market trends and dynamics.
Modular Construction Market Key Players
1. ATCO
2. Anderco Pte. Ltd.
3. Giant Containers Inc.
4. Honomobo Corporation
5. Lendlease Corporation
6. SG Blocks, Inc.
7. Skanska AB
8. Speed House Group of Companies
9. Supertech Industries LLC
10.Tempohousing.
11.Laing O’Rourke
12.Red Sea Housing
13.Atco Ltd.
14.Algeco Scotsman
15.Kleusberg GmbH
16.Katerra
17.Bechtel Corporation
18.Fluor Corporation
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Key questions answered in the Modular Construction Market are:
- What is Modular Construction?
- What is the growth rate of the Modular Construction Market?
- Which are the factors expected to drive the Modular Construction market growth?
- What is the CAGR at which the Modular Construction market will grow during the forecast period?
- What are the different segments of the Modular Construction Market?
- Which is the fastest growing region in the Modular Construction market?
Key Offerings:
- Market Size, Share, Size Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
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