Insights on the Modular Construction Global Market to 2027

DUBLIN, Jan. 21, 2023 /PRNewswire/ — The “Modular Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s providing.

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The world modular development market dimension reached US$ 76.1 Billion in 2021. Looking ahead, the writer expects the market to attain US$ 109 Billion by 2027, exhibiting a CAGR of 6.17% throughout 2021-2027.

Modular development refers to the off-site growth of prefabricated engineered buildings in managed industrial situations. It entails the use of particular person modules or sections, corresponding to kitchens, toilet pods and full or partial rooms, manufactured in a facility utilizing customary supplies and code of development.

These modules are additional assembled at the constructing web site and are strengthened with a self-supporting construction or an impartial structural framework for multi-story buildings. In comparability to the historically used development strategies, modular development is quicker, cost-effective, sustainable and causes minimal disturbances and waste era. It can be conveniently disassembled, refurbished and relocated with low useful resource necessities.

Significant progress in the development trade throughout the globe is one in all the key components making a constructive outlook for the market. Moreover, the growing requirement for time and cost-effective development options is offering a thrust to the progress of the market.

With the rising environmental consciousness amongst the lots, customers are extensively adopting everlasting modular constructions (PMC) for growing sustainable industrial, industrial and residential complexes. They are additionally used for establishing custom-built rehabilitation clinics, emergency rooms, working rooms, hospital extensions, laboratories, diagnostic facilities and different medical amenities.

In line with this, widespread adoption of steel-based frames, wall panels and hot-rolled frameworks can also be contributing to the market progress. They supply enhanced structural integrity, design flexibility, safety and fireplace resistance. Additionally, the growing utilization of lean manufacturing strategies and technologically superior gear can also be favoring the market progress.

Other components, together with growing expenditure capacities of the customers, together with the implementation of favorable authorities insurance policies selling infrastructural growth, are anticipated to drive the market towards progress.

Competitive Landscape:

The aggressive panorama of the trade has additionally been examined together with the profiles of the key gamers being Algeco, Balfour Beatty plc, Bouygues, Etex Group, Guerdon LLC, KLEUSBERG GmbH & Co KG, Laing O’Rourke, Larsen & Toubro Limited, Lendlease Corporation, Red Sea International, Skanska AB and Taisei Corporation.

Key Questions Answered in This Report:

How has the world modular development market carried out thus far and the way will it carry out in the coming years?
What has been the influence of COVID-19 on the world modular development market?
What are the key regional markets?
What is the breakup of the market primarily based on the sort?
What is the breakup of the market primarily based on the module sort?
What is the breakup of the market primarily based on the materials?
What is the breakup of the market primarily based on the finish use?
What are the varied levels in the worth chain of the trade?
What are the key driving components and challenges in the trade?
What is the construction of the world modular development market and who’re the key gamers?
What is the diploma of competitors in the trade?

Key Topics Covered:

1. Preface

2. Scope and Methodology

3. Executive Summary

4. Introduction
4.1 Overview
4.2 Key Industry Trends

5. Global Modular Construction Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6. Market Breakup by Type
6.1 Permanent
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Relocatable
6.2.1 Market Trends
6.2.2 Market Forecast

7. Market Breakup by Module Type
7.1 Four Sided
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Open Sided
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Partially Open Sided
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Mixed Modules and Floor Cassettes
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Modules Supported by a Primary Structure
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8. Market Breakup by Material
8.1 Steel
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Concrete
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Wood
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Plastic
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9. Market Breakup by End Use
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Education
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Retail
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Hospitality
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Healthcare
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast

10. Market Breakup by Region

11. SWOT Analysis

12. Value Chain Analysis

13. Porters Five Forces Analysis

14. Price Analysis

15. Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Algeco
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Balfour Beatty plc
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Bouygues
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Etex Group
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Guerdon LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 KLEUSBERG GmbH & Co KG
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Laing O’Rourke
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 Larsen & Toubro Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Lendlease Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Red Sea International
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Skanska AB
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Taisei Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis