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Unlock What Growth Modular Houses Market May See in Future; Participants Still Eyeing 2.68% Growth in Market
Modular Houses Market Latest Edition Published with Forecast to 2030- Apr 18, 2024
- Home Improvement Retail
The article cited AMA's Global Modular Houses Market Study explored substantial growth with CAGR of 2.68%. According the report, Adoption of Lean Manufacturing Techniques is one of the primary growth factors for the market. Growing Number of Residential, Non-Residential, and Infrastructure Projects as a result of Urbanization and Population Growth is also expected to contribute significantly to the Modular Houses market. Overall, applications of Modular Houses, 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 ACS Group (Spain), Skanska AB (Sweden), Komatsu Ltd (Japan), L&T (India), Balfour Beatty Plc. (United Kingdom), Kiewit Corporation (United States), Taisei Corporation (Japan), Red Sea Housing Services (Saudi Arabia), System House R & C Co. Ltd (Japan) and Bouygues Construction (France) may see astonishing sales in this Market and certainly improve revenue growth.
The Construction, such as Permanent Modular, is boosting the Modular Houses 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 Material, such as Concrete, is boosting the Modular Houses market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Modular Houses market identified that the demand is rising in many different parts of the world as "Demand for less time-consuming and more efficient construction techniques". Furthermore, some recent industry insights like "In June 2020, Algeco Group strengthened its Nordic presence by announcing the acquisition of Wexus Group AS (Norway) from Norvestor Equity AS and other shareholders. Wexus is a leading provider of high-quality modular building solutions in the Nordic region. Headquartered in Norway, Wexus also has operations in Sweden and a modern production facility in Estonia. Wexus operates a fleet of 1,600 units, had 110 employees and revenues of USD 33.6 million in FY2019." is constantly making the industry dynamic. One of the challenges that industry facing is "Supply Chain Instability and Developers are having difficulty obtaining Low-cost Input Materials"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Modular Houses 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 Houses 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 Houses market tight?
• Which application/end-user category or Product Type [] 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 Houses market and other related sub-markets covered in the study.
o Key & emerging players in the Modular Houses market have been observed through secondary research.
o The industry’s 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 Houses market size is calculated using market estimation process, the Modular Houses 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 Houses market size has been validated using both top-down and bottom-up approaches.
The Construction, such as Permanent Modular, is boosting the Modular Houses 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 Material, such as Concrete, is boosting the Modular Houses market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Modular Houses market identified that the demand is rising in many different parts of the world as "Demand for less time-consuming and more efficient construction techniques". Furthermore, some recent industry insights like "In June 2020, Algeco Group strengthened its Nordic presence by announcing the acquisition of Wexus Group AS (Norway) from Norvestor Equity AS and other shareholders. Wexus is a leading provider of high-quality modular building solutions in the Nordic region. Headquartered in Norway, Wexus also has operations in Sweden and a modern production facility in Estonia. Wexus operates a fleet of 1,600 units, had 110 employees and revenues of USD 33.6 million in FY2019." is constantly making the industry dynamic. One of the challenges that industry facing is "Supply Chain Instability and Developers are having difficulty obtaining Low-cost Input Materials"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Modular Houses 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 Houses 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 Houses market tight?
• Which application/end-user category or Product Type [
• 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 Houses market and other related sub-markets covered in the study.
o Key & emerging players in the Modular Houses market have been observed through secondary research.
o The industry’s 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 Houses market size is calculated using market estimation process, the Modular Houses 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 Houses market size has been validated using both top-down and bottom-up approaches.
Craig Francis
PR & Marketing Manager