Global
Modular Construction Market is projected to reach USD 157.21 Billion by
2023, at a CAGR of over 7% owing to growing demand for affordable housing and
growing infrastructure investment and industrialization, ease of installation
and relocation, and the drive the growth of the modular construction market. Based
on type, the market has been segmented into Permanent and Relocatable. In 2017,
the permanent modular construction segment dominated the market and is
anticipated to maintain its dominance over the next five years as well owing to
rising need for affordable houses, coupled with the high-quality control in
comparison to on-site construction. Based on End-User, the market has been
segmented into Commercial, Housing, Industrial and Others. The housing segment
is projected to account for a larger share during the forecast period owing to
its numerous benefits in terms of faster build times, greater flexibility, quality
control and reuse, cost savings, and environmental benefits. Based on region,
the APAC region dominated the global modular construction market in 2017 and is
anticipated to lead the market over the next five years as well owing to
growing population, growing demand for modular construction and growing demand
for affordable construction. The key players in the market are Laing O’rourke, Kef
Katerra, Lendlease Corporation, Cimc Modular Building Systems Holding, Atco,
among others.
Years considered for this report:
Historical
Years: 2013-2016
Base
Year: 2017
Estimated
Year: 2018
Forecast
Period: 2019–2023
Objective of the Study:
- To analyse and
forecast the market size of Modular Construction Market, in terms of value and
volume.
- To classify
and forecast Global Modular Construction Market based on type, material,
module, end-use sector and regional distribution.
- To identify
drivers and challenges for Global Modular Construction Market.
- To examine
competitive developments such as expansions, new product launches, mergers
& acquisitions, etc., in Global Modular Construction Market.
- To conduct
the pricing analysis for Modular Construction Market.
- To identify
and analyse the profile of leading players involved in the manufacturing of Global
Modular Construction Market.
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Some
of the leading players in the Global Modular Construction Market are Red
Sea Housing, Laing O’rourke, Kef Katerra, Lendlease Corporation, Cimc Modular
Building Systems Holding, Atco, Bouygues Construction, Vinci, Kleusberg GmbH
& Co. Kg, Skanska AB etc.
TechSci Research performed both primary as well as exhaustive secondary
research for this study. Initially, TechSci Research sourced a list of manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the suppliers which could not be identified due to the
limitations of secondary research. TechSci Research analysed the service
offerings, distribution channels and presence of all major collaboration manufacturers
across the globe.
TechSci Research calculated
the market size of Global Modular
Construction Market using a bottom-up approach, where
data for various end user industries and its application across various product
types were recorded and forecast for the future years. TechSci Research sourced
these values from the industry experts and company representatives and
externally validated through analysing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company website, news articles, press releases,
company annual reports, investor presentations and financial reports were also
used by TechSci Research.
Key Target Audience:
- Module Manufacturers
- Raw Material Suppliers
- Modular Construction Manufacturers
- End consumers
- Industry associations and experts
- Research organizations and consulting
companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The
study is useful in providing answers to several critical questions that are
important for the industry stakeholders such as collaboration manufacturer and
partners, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this
report, Global Modular Construction Market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Market, By Type:
- Market, By Material:
- Steel
- Wood
- Plastic
- Precast Concrete
- Others
- Market, By Module:
- Open-Sided Modules
- Four-Sided Modules
- Mixed Modules & Floor
Cassettes
- Partially Open-Sided Modules
- Others
- Market, By End-Use Sector:
- Commercial
- Housing
- Industrial
- Others
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- France
- Germany
- United
Kingdom
- Italy
- Spain
- North America
- United
States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South
Africa
- Saudi
Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in Modular Construction Market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according the
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and
indirect sales channel.
In case you don’t find what you are looking for, please get in touch
with our custom research team at sales@techsciresearch.com
It is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at sales@techsciresearch.com