Outlook on the Global Modular Construction Market to 2027
DUBLIN, January 21, 2023 /PRNewswire/ — The “Modular Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to researchandmarkets.com offering.
The size of the global modular construction market reached $76.1 billion in 2021. Looking ahead, the publisher expects the market to reach $109 billion by 2027, exhibiting a CAGR of 6.17% during 2021-2027.
Modular construction refers to the off-site development of prefabricated engineering buildings under controlled industrial conditions. It involves the use of individual modules or sections, such as kitchens, bathroom modules, and full or partial rooms, manufactured in one facility using standard materials and building code.
These modules are subsequently assembled on the construction site and reinforced with a self-supporting structure or a free-standing structural frame for multi-story buildings. Compared to traditionally used construction methods, modular construction is faster, more cost-effective, more sustainable, and causes minimal hassle and waste. It can also be conveniently dismantled, retrofitted, and relocated with low resource requirements.
The significant growth in the construction industry worldwide is one of the key factors creating a positive outlook for the market. Furthermore, the increasing need for time and cost effective construction solutions is driving the growth of the market.
With the growing environmental awareness among the masses, consumers are widely adopting Permanent Modular Construction (PMC) to develop sustainable commercial, industrial and residential complexes. They are also used to establish custom rehabilitation clinics, emergency rooms, operating rooms, hospital extensions, laboratories, diagnostic centers, and other medical facilities.
In line with this, the widespread adoption of steel-based hot-rolled frames, wall panels and structures is also contributing to market growth. They offer improved structural integrity, design flexibility, safety, and fire resistance. In addition, the increasing use of lean manufacturing techniques and technologically advanced equipment is also supporting the growth of the market.
Other factors, including increased spending power of consumers, coupled with the implementation of favorable government policies that promote infrastructure development, are expected to fuel market growth.
Competitive Landscape:
The competitive landscape of the industry was also examined along with the profiles of the key players, which are Algeco, Balfour Beatty plc, Bouygues, Etex Group, Guerdon LLC, KLEUSBERG GmbH & Co KG, Laing O’RourkeLarsen & Toubro Limited, Lendlease Corporation, Red Sea International, Skanska AB and Taisei Corporation.
Key questions answered in this report:
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How has the world market for modular construction behaved so far and how will it behave in the coming years?
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What has been the impact of COVID-19 on the global modular construction market?
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What are the key regional markets?
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What is the market break based on type?
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What is the market division according to module type?
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What is the market break based on the material?
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What is the division of the market based on end use?
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What are the various stages in the industry value chain?
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What are the major driving factors and challenges in the industry?
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What is the structure of the global modular building market and who are the key players?
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What is the degree of competition in the industry?
Key topics covered:
1. Preface
2. Scope and Methodology
3. Executive summary
4. Introduction
4.1 Summary
4.2 Key Industry Trends
5. Global market for modular construction
5.1 Market Overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Forecast
6. Market breakdown by type
6.1 Permanent
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Relocatable
6.2.1 Market trends
6.2.2 Market Forecast
7. Market breakdown by module type
7.1 Four faces
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Open side
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Partially open sides
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Mixed Modules and Floor Cassettes
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Modules supported by a primary structure
7.5.1 Market trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market trends
7.6.2 Market Forecast
8. Market breakdown by material
8.1 Steel
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Concrete
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Wood
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Plastic
8.4.1 Market trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market trends
8.5.2 Market Forecast
9. Market breakdown by end use
9.1 Residential
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Education
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Retail
9.4.1 Market trends
9.4.2 Market Forecast
9.5 Hospitality
9.5.1 Market trends
9.5.2 Market Forecast
9.6 Medical care
9.6.1 Market trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market trends
9.7.2 Market Forecast
10. Market breakdown by region
11. SWOT Analysis
12. Value chain analysis
13. Porter’s Five Forces Analysis
14. Price analysis
15. Competitive Landscape
15.1 Market structure
15.2 Key Players
15.3 Key Player Profiles
15.3.1 Algeco
15.3.1.1 General description of the company
15.3.1.2 Product portfolio
15.3.2 Balfour Beatty plc
15.3.2.1 Company Summary
15.3.2.2 Product portfolio
15.3.2.3 Finance
15.3.2.4 SWOT Analysis
15.3.3 Bouygues
15.3.3.1 Company Summary
15.3.3.2 Product portfolio
15.3.4 Etex Group
15.3.4.1 General description of the company
15.3.4.2 Product portfolio
15.3.5 Guerdon LLC
15.3.5.1 Company Summary
15.3.5.2 Product portfolio
15.3.6 KLEUSBERG GmbH & Co KG
15.3.6.1 Company Summary
15.3.6.2 Product portfolio
15.3.7 Laing O’Rourke
15.3.7.1 General description of the company
15.3.7.2 Product portfolio
15.3.7.3 SWOT Analysis
15.3.8 Larsen & Toubro Limited
15.3.8.1 Company Summary
15.3.8.2 Product portfolio
15.3.8.3 Finance
15.3.8.4 SWOT Analysis
15.3.9 Loan Corporation
15.3.9.1 Company Summary
15.3.9.2 Product portfolio
15.3.9.3 Finance
15.3.9.4 SWOT analysis
15.3.10 Red Sea International
15.3.10.1 General description of the company
15.3.10.2 Product portfolio
15.3.10.3 Finance
15.3.11 Skanska AB
15.3.11.1 General description of the company
15.3.11.2 Product portfolio
15.3.11.3 Finance
15.3.11.4 SWOT analysis
3.15.12 Taisei Corporation
15.3.12.1 General description of the company
15.3.12.2 Product portfolio
15.3.12.3 Finance
15.3.12.4 SWOT analysis
For more information on this report, visit https://www.researchandmarkets.com/r/rr45q6
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