Modular Construction Market Industry Trends, Revenue Growth, Key Players By 2027

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Modular Construction Market Industry Trends, Revenue Growth, Key Players By 2027

Modular Construction Market size was valued at US$ 71.53 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 6.1% through 2021 to 2027

Modular Construction Market Overview:

The Modular Construction Market report by Maximize Market Research examines the market in depth, precisely, and comprehensively, with a focus on market dynamics, market competition, regional growth, segment analysis, and important growth strategies. The report includes data on market growth as well as market segmentation such as regions, product type, application, and end-use industry. Using the most recent Modular Construction Market research techniques and technology, the analyst creates comprehensive and precise marketing research reports. This analysis includes a thorough examination of the Modular Construction market size and share, as well as a wide range of industry verticals.

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Modular Construction Market Scope:

The report goes into great detail about demand estimates, market trends, and micro and macro variables. This study also identifies the factors that are driving and impeding market growth. The study's MMR Matrix provides information on potential investment opportunities to both existing and new market participants. The research employs analytical approaches such as Porter's five forces analysis and the PESTLE of the Modular Construction market to provide market insights. The study also examines current market trends as well as forecasts for the years 2021-2027. The research also uncovered significant impending advancements that would have an impact on demand over the forecasted timeframe.

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Modular Construction Market Segmentation:

The market is divided into two types: permanent and relocatable. By 2027, the permanent modular construction type segment is expected to have the largest market share. Permanent modular construction (PMC) is a sustainable and innovative building method that uses offshore and lean manufacturing technologies to prefabricate single or multi-story structures in modular pieces. PMC can be formed to fit into an existing structure. The Hawaii Film Studio, for example, used PMC to meet tight deadlines and budget constraints. Permanent modular construction can be found in healthcare facilities, hotels, schools, and restaurants, to name a few.

The market is divided into three sections based on material: steel, wood, and concrete. During the forecast period 2021-2027, the steel material segment is expected to grow rapidly. In terms of material consumption, steel has the largest share of the global modular construction market. It's well-known for having a high strength-to-weight ratio. Steel-framed relocatable structures have several advantages over wood-framed relocatable structures. These characteristics include design flexibility, strength, structural integrity, durability, security, and fire resistance, all of which reduce the need for repairs and maintenance over the structure's life.

Modular Construction Market Key Players:

ATCO

Anderco Pte. Ltd.

Giant Containers Inc.

Honomobo Corporation

Lendlease Corporation

SG Blocks, Inc.

Skanska AB

Speed House Group of Companies

Supertech Industries LLC

Laing O’Rourke

Red Sea Housing

Atco Ltd.

Algeco Scotsman

Kleusberg GmbH

Katerra

Bechtel Corporation

Fluor Corporation

Modular Construction Market Regional Analysis:

Because of the reports' regional insights, readers will be well-informed on the Modular Construction market on a regional level. A thorough understanding of local energy, economic, political, and geographic characteristics is required for a meaningful assessment of potential policy options in response to market changes around the world. The study provides readers with regional insights into the Modular Construction market and local growth prospects, as well as domestic area restraints.

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

North America (the United States, Mexico, and Canada.)

South America (Brazil etc.)

The Middle East and Africa (GCC Countries and Egypt.)

COVID-19 Impact Analysis on Modular Construction Market:

The impact of COVID-19 on the Modular Construction market is exhaustively examined in the research. As a result of the COVID-19 pandemic, analyst at Maximize Market Research, who are following the situation across the globe, believe that the market is expected to provide profitable opportunities for producers. The report's purpose is to provide a more comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the whole Modular Construction market.

Key Questions Answered:

This report presents analytical depiction of the global Modular Construction market trade at the side of these trends and future estimations to work out the upcoming investment pockets.

The report presents information associated with key drivers, restraints, and opportunities at the side of elaborated analysis of the Modular Construction market share.

The current market is quantitatively analysed from 2021 to 2027 to spotlight the world Modular Construction market growth.

Porter’s 5 forces analysis demonstrates the efficiency of consumers & suppliers within the market.

Who Are the Global Key Players in This Modular Construction Market? What are their Company Profile, Their Product Information, and Contact Information?

About Maximize Market Research:

Maximize Market Research, an industry research firm with a dedicated team of specialists and data, has conducted comprehensive research on the HEALTHCARE market. Maximize Market Research provides B2B and B2C research on 6,500 high-growth, emerging technologies for the chemical, Healthcare, pharmaceutical, electronics, Internet of Things, food and beverage, aerospace, and defence industries. Maximize Market Research analyses the competitive landscape of sectors in addition to evaluating and estimating market size.

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