Modular Construction Market Growth, Trends, Applications, and Industry Strategies, And Forecast 2029

Market Scope

The research report delves deeply into the analysis of trending competitors, their market growth, and dynamic patterns. It offers valuable insights into the regional and global values and demands of the market. Furthermore, it aids in comprehending the competitive landscape and market potential in terms of production demand and supply. The segmentation analysis includes crucial factors such as psychographic, demographic, geographic, and behavioral segmentation. These factors play a pivotal role in shaping marketing strategies, focused and targeted products, offers, and customer experiences. Porter’s analysis is utilized to gauge an organization’s competitive position strength, aiming to enhance profitability. Additionally, Pestle analysis is conducted to assess the validity of existing products and services in the contextual data. The SWOT analysis provides an evaluation of internal and external factors contributing to a company’s advantages, disadvantages, strengths, and weaknesses. Overall, this report offers comprehensive and informative data on the Modular Construction market overview.

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Market Value : 

Modular Construction Market size was valued at US$ 80.52 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.1% through 2022 to 2029, reaching nearly US$ 121.88 Bn.

Segmentation

Based on the Type, the market is segmented into Permanent, and Relocatable. Permanent modular construction type segment is expected hold the largest market shares of xx% by 2029. Permanent modular construction (PMC) is a sustainable and creative building approach that prefabricates single or multi-story structures in modular pieces using offshore and lean manufacturing technologies. PMC can be shaped to integrate into an existing structure. PMC was utilised by the Hawaii Film Studio, for example, to satisfy tight deadlines and budget constraints. Healthcare facilities, hotels, schools, and restaurants are some of the examples of the permanent modular construction.

Based on the Material, the market is segmented into Steel, Wood, and Concrete. Steel material segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Steel has the highest share of the global modular construction market in terms of material consumption. It’s well-known for its strength-to-weight ratio. Steel framed relocatable buildings provide a number of advantages over wood framed relocatable buildings. These qualities include design flexibility, strength, structural integrity, durability, security, and fire resistance, all of which reduce the need for repairs and maintenance over the life of the structure.

Based on the End-Use Sector, the market is segmented into Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare, and Others. Healthcare segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. For baths, headwalls, and even complete hospitals, many healthcare organisations and hospital contractors are resorting to modular construction. Medical, surgical, clinical, and dental applications benefit from modular construction since it is quiet, safe, and clean.

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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Table of Content: Modular Construction Market

Part 01: Executive Summary

Part 02: Scope of the Modular Construction Market Report

Part 03: Modular Construction Market Landscape

Part 04: Modular Construction Market Sizing

Part 05: Modular Construction Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Analysis

The report delivers formal, functional, and vernacular regional analysis. It identifies the most impactful business areas based on the highest demand in different regions, including Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis provides valuable insights into distinct targets, strategies, and market values for each region.

Key Questions Addressed in the Modular Construction Market Report:

• What characterizes the Modular Construction Market?
• What is the forecast period for the Modular Construction Market?
• How does the competitive scenario look in the Modular Construction market?
• Which region holds the largest market share in the Modular Construction Market?
• What opportunities are available in the Modular Construction Market?
• What factors influence the growth of the Modular Construction market?
• Who are the key players in the Modular Construction market?
• Which company holds the largest share in the Modular Construction market?
• What will be the CAGR of the Modular Construction market during the forecast period?
• What key trends are expected to emerge in the Modular Construction market in the upcoming years?

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