Everything You Wanted to Know About Modular Construction Market 2019

Modular Construction

Global Modular Construction Market is a professional and comprehensive report on the Modular Construction market. The increasing household incomes, changes in living standards is anticipated to move the preference of the suppliers and consumers toward modular construction, thus aiding to the growth of the market. Quality control is the primary factor for the adoption of modular construction, owing to its greater benefits like quality control, low cost of construction, lower build time, and environmental benefits, Multinational construction companies have started to adopt modular construction

The process involves prefabrication of modules away from the actual site in a controlled environment, resulting in reduced timelines for completing building projects. This process allows planned inventory usage and limited wastage of raw materials, thereby, significantly reducing the investment required for building work. Assembly lines for modular construction help producers streamline raw material purchasing and inventory management. The regional analysis of Global Modular Construction Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America accounted for the leading share of total generating revenue in 2017 across the globe. Asia-Pacific region is also anticipated to exhibit higher growth rate over the forecast period 2012-2024, due to an increase in growth of the overall economy.

Who are the Leading Key Company in Global Modular Construction market space?

Following are list of players that are currently profiled in the report “Komatsu Ltd, Kiewit Corporation, Skanska AB Larsen & Toubro Limited, Taisei Corporation, Balfour Beatty PLC, ACS Group, Bouygues Construction, Guerdon Modular Buildings, JL Modular, Inc, KEF Infra, Laing O’Rourke, System House, Red Sea Housing Services, Palomar Modular Buildings & Julius Berger”

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. The industry players are expected to target developing economies such as India, China, and Southeast Asian countries to tap robust opportunities resulting from the rapid growth of the building sector. Increasing efforts by companies to adopt the latest technologies such as 3D printing and building information modeling (BIM) for optimizing offsite module construction activities are expected to have a positive impact on industry growth. However, fluctuation in transportation cost is anticipated to hamper the market growth over the forecast period.

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