High level of urbanization, especially in the developing economies coupled with rising pollution levels, is one of the major driving factors for the modular construction market. Lesser awareness and social barriers are the major restraining factors to the growth of modular construction market. Various environmental legislations coupled with Government funding and support for modular constructions in densely populated areas across the globe is anticipated to provide larger opportunities for the players operating in the modular construction market.
Constructing a building off-site while using the same raw materials, and designing to the same codes as well as the standards in the quicker time period is defined as modular constructions of the buildings. Buildings are produced in modules and are then put together which reflect identical to the design intent of that particular building. Modular constructions encompass various advantages over the conventional construction processes that include reduced costs and construction schedule, greater flexibility and reuse-ability, less wastage of materials, elimination of weather delays, and improved air quality.
Also, key modular construction market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years. Some of the key players influencing the market are ACS Group, Komatsu Ltd., Bouygues Construction, Kiewit Corporation, and Laing O'Rourke. Also, Skanska AB, ATCO, Balfour Beatty Plc., Taisei Corporation, and System House R & C Co. Ltd. are a few other important players in the modular construction market.
The "Global Modular Construction Market Analysis to 2027" is a specialized and in-depth study of the modular construction market with a focus on the global market trend. The report aims to provide an overview of the global modular construction market with detailed market segmentation by product, material, end-user, and geography. The global modular construction market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global modular construction market based on product, material, and end-user. It also provides market size and forecast till 2027 for overall modular construction market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The modular construction market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Modular construction market in these regions.