The article cited AMA's Global Modular Construction Market Study explored substantial growth with CAGR of 7.4%. According the report, Increasing Infrastructure Investment & Industrialization is one of the primary growth factors for the market. Ease of Installation and Relocation
is also expected to contribute significantly to the Modular Construction market. Overall, Housing
applications of Modular Construction, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Laing O’Rourke (United Kingdom), Skanska AB (Sweden), Komatsu Ltd (Japan), Kiewit Corporation (United States), Larsen & Toubro Limited (India), Taisei Corporation (Japan), Balfour Beatty PLC (United Kingdom), ACS Group (Spain), Red Sea Housing Services (Saudi Arabia), System House R & C Co. Ltd (Japan), Bouygues Construction (France), ATCO (Canada) and Bouygues Construction (France) may see astonishing sales in this Market and certainly improve revenue growth.
The Material, such as Precast Concrete, is boosting the Modular Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Module, such as Partially Open-Sided Modules, is boosting the Modular Construction market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Modular Construction market identified that the demand is rising in many different parts of the world as "Growing Population Coupled with Rapid Urbanization Turning to a Large Number of New Construction Projects". Furthermore, some recent industry insights like "In November 2023, Tennet launches 'Modular Building Large Projects' for accelerated electricity grid expansion. TenneT yesterday kicked off its 'Modular Construction for Large Projects' program. The kick-off took place in a bustling Rijtuigenloods, together with 300 guests." is constantly making the industry dynamic. One of the challenges that industry facing is "Dearth of Awareness"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Modular Construction market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Modular Construction market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Modular Construction market tight? Which application/end-user category or Product Type [Permanent and Relocatable] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Modular Construction market and other related sub-markets covered in the study.
o Key & emerging players in the Modular Construction market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Modular Construction market size is calculated using market estimation process, the Modular Construction market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Modular Construction market size has been validated using both top-down and bottom-up approaches.