The global modular construction market size was valued at USD 84,239.3 Million in 2023 and is poised to grow at a CAGR of 6.1% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the Modular Construction Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Modular Construction Market segmentation:
1) By Material Type: Steel, Concrete, Wood, and Plastic.
2) By Modules: 4-Sided, Partially Open-Sided, Fully Open-Sided, and Others.
3) By Construction: Permanent, Re-locatable.
4) By End Users: Residential, Commercial, Industrial, Institutional/ Educational, Healthcare, and Others.
The primary factors of the Modular Construction Market drivers are faster construction time and cost-effectiveness. The Modular Construction Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The Modular Construction Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the Modular Construction Market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the Modular Construction Market key players are Sekisui House Ltd., LAING O'ROURKE, ATCO, Red Sea International, Anderco Pte. Ltd, Skanska, Bouygues Construction, Speed House Group of Companies, Premier Modular Limited, Giant Containers Inc, Supertech Industries LLC, Bechtel Corporation, Fluor Corporation, KLEUSBERG GmbH & Co KG, DuBox, Wernick Group, SG Blocks Inc, CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS), Riko Hiše d.o.o, Lendlease Corporation, Modulaire Group, Guerdon, LLC, Hickory Group is covered here to help them in strengthening their place in the market.
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