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
The report provides insights into the following FAQs: