The size of the modular construction market was estimated at US$ 75.89 billion in 2021, and from 2022 to 2029, it is anticipated that the total revenue will increase at a CAGR of 6.1%, or roughly US$ 121.88 billion.

Modular Construction Market Overview:

The Modular Construction Market Report from Maximize Market Research gives readers a complete overview of the global market environment. A scenario from 2021 to 2027 is examined in this study of the Modular Construction market, with 2020 serving as the base year and 2016 to 2019 serving as the historical period. Using a plethora of data from the study, this research helps users make important business decisions.

Market Scope:

The market was thoroughly examined for this study on the Modular Construction market, which was supported by secondary and primary sources. A country-by-country model mapping of the Modular Construction is used to estimate market size. It makes use of internal and external private information as well as pertinent patent and regulatory sources. An analysis of the numerous factors that have a micro and granular impact on the market for Modular Constructions supports the competitive environment there. By carefully examining past data, present trends, and significant corporate announcements, researchers in the Modular Construction sector develop predictions and projections and compute market forecasts.


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Segmentation:

The market is divided into two categories: Permanent and Relocatable. By 2029, the permanent modular construction type segment is anticipated to account for the biggest market shares of%. Using offshore and lean manufacturing technologies, permanent modular construction (PMC), a sustainable and innovative building method, prefabricates single- or multi-story structures in modular components. It is possible to shape PMC to fit into an existing structure. The Hawaii Film Studio, for instance, used PMC to meet stringent timelines and financial restrictions. Restaurants, hotels, schools, and healthcare facilities are a few instances of permanent modular construction.

Key Players:

• ATCO
• Anderco Pte. Ltd.
• Giant Containers Inc.
• Honomobo Corporation
• Lendlease Corporation
• SG Blocks, Inc.
• Skanska AB
• Speed House Group of Companies
• Supertech Industries LLC
• Tempohousing.
• Laing O’Rourke
• Red Sea Housing
• Atco Ltd.
• Algeco Scotsman
• Kleusberg GmbH
• Katerra
• Bechtel Corporation
• Fluor Corporation

Depending on the client's subscription period, this report offers market monitoring for a particular area of interest to the client and current information on strategic initiatives such as mergers, acquisitions, partnerships, expansions, and product launches for leading companies on a regional scale for various industries or markets. Our data is regularly revised and updated by a team of research experts to reflect the most recent trends and information. We have significant expertise in research and consulting for a broad range of business disciplines to meet the needs of both individual and corporate clients. Our skilled team makes use of a variety of additional methods and exclusive data sources. The leading companies in the Modular Construction sector are:


Regional Analysis:

It has been examined in North America (the United States, Canada, and Mexico), Europe (the United Kingdom, France, Germany, and Italy), Asia-Pacific (China, Japan, South Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The report describes the area competitive environment. These insights give market participants fresh opportunity to succeed and help them enhance their strategies.

COVID-19 Impact Analysis on Modular Construction Market:

Based on important factors including market size, sales, sales analysis, and key drivers, the Global Modular Construction Market Research Report provides an outline of the sector. The market is anticipated to expand significantly over the projection period (2021-2027). Additionally, the most recent COVID-19 market implications are provided in this document. The epidemic's expansion has had a profound impact on people's lives all around the world. As a result, markets have been compelled to adopt new standards, fashions, and strategies. The study report essentially aims to present an overall view of the market's initial and future estimates.

Key Questions Answered in the Modular Construction Market Report are:

What are the new competitive developments in the Modular Construction market?
What is the market size, and share of Modular Construction?
How can I get sample reports/company profiles of the Modular Construction market?
Who are the potential customers of the Modular Construction market?
Which are the leading players in the Modular Construction market?
How can I get company profiles on the top ten players of the Modular Construction market?
Which region is and will provide more business opportunities for Modular Construction in the future?
Who are the service providers of the Modular Construction industry?
What are the key growth strategies of Modular Construction industry players?
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