Modular Construction Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

Modular Construction

The “Modular Construction Market” Report provides a thorough examination of the market. The Modular Construction Market research investigates how firms in the Modular Construction Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Modular Construction market report.

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Competitor Analysis:

Modular Construction market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • ACS Actividades de Construcción y Servicios S.A.
  • Balfour Beatty Plc
  • Bouygues Construction
  • Guerdon Enterprises, LLC
  • JL Modular, Inc.
  • Julius Berger Nigeria Plc
  • KEF Infra
  • Kiewit Corporation
  • Laing O’Rourke
  • Palomar Modular Buildings
  • Red Sea Housing Services
  • Larsen & Toubro Limited
  • System House R & C Co. Ltd.
  • Taisei Corporation

    Market Overview:

  • The modular construction market is expected to register a CAGR of 8.16% during the forecast period, 2019 – 2024. Increasing demand from the construction industries in the countries of Asia-Pacific, is driving the demand for the modular construction market. However, shortage of skilled labor across the industry is set to stunt the growth of the market during the forecast period.
  • – Time and cost-effective method of construction is expected to drive the demand for the market during the forecast period.
  • – Recovering construction industry in Europe is projected to act as an opportunity for the market in future.<

    Key Market Trends:

    Relocatable Modular Construction – A Huge Market Potential

    – A relocatable building is a partially- or completely-assembled building that complies with applicable codes and state regulations, and is constructed in a building manufacturing facility, using a modular construction technique.
    – Relocatable modular buildings are designed to be reused or repurposed multiple times and transported to different sites. Some owners or manufacturers provide lease for such relocatable modular building services, as per the consumers’ requirements for office expansion, auditorium space, and medical facilities, in a short-term agreement.
    – Consumers served by relocatable modular buildings include state, provincial, and local governments, non-profit organizations, corporations, school boards, health care providers, retail establishments, as well as individuals, partnerships, and sole proprietorships. School districts, across North America, are the largest owners of relocatable classrooms buildings.
    – These factors are leading to the increasing demand in the modular construction market throughout the study period.

    Asia-Pacific to Dominate the Market

    Asia-Pacific holds the largest share of the market worldwide, and China alone has more than 7,000 indigenous dedicated players. The rapid increase in population in the regions of China and India is expected to give a rise in modular construction activity. The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources. Singapore has mandated elements of prefabricated, pre-finished, and volumetric construction (PPVC) for all projects on government land. The government backs this with subsidies for companies that participate with the aim of increasing and standardizing modern methods of construction (MMC) in the country. All such factors are increasing the demand for modular construction in the Asia-pacific region.

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    Scope of the Report:

    This report studies the global Modular Construction market size, industry status and forecast, competition landscape and growth opportunity.

    Highlighted points of Modular Construction Market Report:

    • Varying dynamics of the Modular Construction industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Modular Construction market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Modular Construction market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Modular Construction Market report:

    • The Modular Construction market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Modular Construction market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Modular Construction market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Modular Construction Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Demand from Construction Industries in the Countries of Asia-Pacific
    4.3.2 Time & Cost-Effective Method of Construction
    4.4 Market Restraints
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Construction
    5.1.1 Permanent Modular
    5.1.2 Relocatable Modular
    5.2 Material
    5.2.1 Steel
    5.2.2 Concrete
    5.2.3 Wood
    5.2.4 Plastic
    5.3 End-user Industry
    5.3.1 Commercial
    5.3.2 Industrial / Institutional
    5.3.3 Residential
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.1.4 Rest of North America
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Russia
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 South Korea
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 South America
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Rest of South America
    5.4.5 Middle East and Africa
    5.4.5.1 Saudi Arabia
    5.4.5.2 South Africa
    5.4.5.3 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers & Acquisitions
    6.3 Company Profiles
    6.3.1 ACS Actividades de Construcción y Servicios S.A.
    6.3.2 Balfour Beatty Plc
    6.3.3 Bouygues Construction
    6.3.4 Guerdon Enterprises, LLC
    6.3.5 JL Modular, Inc.
    6.3.6 Julius Berger Nigeria Plc
    6.3.7 KEF Infra
    6.3.8 Kiewit Corporation
    6.3.9 Laing O’Rourke
    6.3.10 Palomar Modular Buildings
    6.3.11 Red Sea Housing Services
    6.3.12 Larsen & Toubro Limited
    6.3.13 System House R & C Co. Ltd.
    6.3.14 Taisei Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 Recovering Construction Industry in Europe

    Contact Us:

    Name: Ajay More

    Phone: +44 20 3239 8187 / +14242530807

    Email: [email protected]

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