Modular Construction Market | Discover Top Trends and Drivers
Market Growth and Forecasts for 2021-2025

The modular construction market and it is expected to grow by $ 27.01 billion, decelerating at a CAGR of almost 6.40% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Modular Construction Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Type (permanent and relocatable) and Geography (North America, Europe, APAC, MEA, and South America). 28% of the market growth will originate from North America during the forecast period. However, lack of awareness and volatility in transportation charges is one of the challenges that will need to be overcome to drive growth.

Modular Construction Market: Top Drivers to Boost Demand

The Rising demand to eliminate on-site constraints is one of the primary factors that will drive the growth of the modular construction market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Vendor Analysis: ATCO Ltd., Bechtel Corp. and DESIGN SPACE MODULAR BUILDINGS INC. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ATCO Ltd., Bechtel Corp., DESIGN SPACE MODULAR BUILDINGS INC., Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp., Modulaire Group, Red Sea International Co, and Skanska AB are some of the major market participants.

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Modular Construction Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive modular construction market growth during the next five years
• Precise estimation of the modular construction market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the modular construction market industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of modular construction market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of 6.40%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 27.01 billion through 2021-2025.
    
3. What is a key factor driving this market?
   Rising demand to eliminate on-site constraints will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   28% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are ATCO Ltd., Bechtel Corp., DESIGN SPACE MODULAR BUILDINGS INC., Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp., Modulaire Group, Red Sea International Co, and Skanska AB
    
7. What are the market segments covered in this report?
   The market is segmented by Type (permanent and relocatable) and Geography (North America, Europe, APAC, MEA, and South America)