The Modular Construction Market by Type, Module (Four-Sided Modules, Open-Sided Modules, Partially Open Sided Modules, Mixed Modules & Floor Cassettes, Modules Supported By a Primary Structure), Materal , End-Use Sector, Region – Global Forecast To 2026
♦ Download Detailed PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11812894
MarketsandMarkets: The global modular construction market size is projected to grow from USD 87.0 billion in 2021 to USD 115.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.75% during the forecast year.
In terms of value and volume, steel is projected to be the fastest segment in the modular construction market from 2021 to 2026.
Steel, by material, is thefastest-growing segment for modular construction market from 2021 to 2026, in terms of value and volume. Steel frames are also lighter in comparison to other wall materials, which allows building structures created from them to be craned and transported into a place in a more efficient manner, resulting in less disturbance to the local area and reducing cost. It is also recyclable, and hence, buildings made from steel can be easily dismantled. It is one of the most popular materials for use in relocatable buildings used as commercial buildings, warehouses, and retail outlets.
♦ Speak To Analyst –https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=11812894
Study Coverage
The scope of the report covers detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the modular construction market. A comprehensive analysis of the key players has been performed to provide insights into their business overviews, operational & financial assessments, products & services on offer, and key growth strategies adopted by them.
Contracts, new projects, and agreements accounted for the largest share of all the strategic developments that took place in the modular construction market between 2017 and 2020. Key players such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Kleusberg GmbH (Germany), Katerra (US), Bechtel Corporation (US), and Fluor Corporation (US) adopted these strategies enhance their market presence and strengthen their manufacturing and distribution capabilities in the modular construction industry.
