Jul 4, 2019
The modular construction market was valued at USD 106.15 billion in 2017 and is projected to reach USD 157.19 billion by 2023, at a CAGR of 6.9% during the forecast period.
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The modular construction market was valued at USD 106.15 billion in 2017 and is projected to reach USD 157.19 billion by 2023, at a CAGR of 6.9% during the forecast period.
The permanent buildings segment is projected to grow at the highest CAGR in the global modular construction market from 2018-2023
Modular construction is an offsite and resource-efficient method to construct code-compliant buildings in a factory-controlled environment. It offers numerous benefits in terms of quality control, faster build times, greater flexibility and reuse, cost savings, and environmental benefits. In this innovative construction method, buildings are produced in modules and are assembled on-site to create a desired facility structure. It involves the same materials used to construct conventionally-built facilities and adherence to the same design standards & codes for conventionally-built facilities but reduces construction time by 30%-50%. The modular construction market is estimated at USD 112.42 billion in 2018 and is projected to reach 157.19 billion by 2023, at a CAGR of 6.9%. The increase in concern towards work-zone safety, need for time-saving and cost-effective construction methods, and rising demand for affordable houses are expected to propel the growth of the modular construction market.
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The modular construction market is dominated by major players such as Laing O’Rourke (UK), ATCO (Canada), Red Sea Housing (Saudi Arabia), Bouygues Construction (France), and VINCI (France). Their modular construction capabilities, geographical presence, and adoption of growth strategies contribute toward their leading position in this market. These players have adopted various strategies to expand their global presence and increase their market share. Contracts, new projects, acquisitions, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by the market players to achieve growth in the modular construction market.
Laing O’Rourke is one of the key manufacturing companies in the modular construction market. Its strong business portfolio and focus towards the transformation of conventional construction technologies by offsite and modular technologies contribute toward its significant position in the modular construction market. Strong global presence and adoption of growth strategies such as contracts, partnerships, new projects, agreements, expansions, and joint ventures have ensured its leading position in the market. In February 2018, the company entered into a long-term partnership with Stanhope plc and Network Homes to help solve the UK’s housing crisis by managing and delivering precision-engineered homes across the South East.
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ATCO is one of the premier corporations in Canada that offers modular construction solutions through its ATCO’s Structures & Logistics Global Business Unit. Its modular housing solutions include relocatable structures, permanent structures, and site services. The company’s strong foothold in Canada and Australia and presence in over 100 countries, coupled with a sound product portfolio, contribute to its significant market position. It undertakes contracts and acquisitions as growth strategies to expand its market presence and create a stable channel in the growing market. In 2016, ATCO acquired a 50% stake in Sabinco Soluciones Modulares (Sabinco) from Sitrans Servicios Integrados de Tranportes (Sitrans) to expand its modular structures business in South America. Sitrans retained the remaining 50% stake of Sabinco, which now operates under the name ATCO-Sabinco S.A.
New Projects, Acquisitions, Agreements, Partnerships, Joint Ventures, and Expansions are Some of the Major Strategies Adopted by the Market Players to Achieve Growth in the Modular Construction Market
Modular construction is an offsite and resource-efficient method to construct code-compliant buildings in a factory-controlled environment. It offers numerous benefits in terms of quality control, faster build times, greater flexibility and reuse, cost savings, and environmental benefits. In this innovative construction method, buildings are produced in modules and are assembled on-site to create a desired facility structure. It involves the same materials used to construct conventionally-built facilities and adherence to the same design standards & codes for conventionally-built facilities but reduces construction time by 30%-50%. The modular construction market is estimated at USD 112.42 billion in 2018 and is projected to reach 157.19 billion by 2023, at a CAGR of 6.9%. The increase in concern towards work-zone safety, need for time-saving and cost-effective construction methods, and rising demand for affordable houses are expected to propel the growth of the modular construction market.
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The modular construction market is dominated by major players such as Laing O’Rourke (UK), ATCO (Canada), Red Sea Housing (Saudi Arabia), Bouygues Construction (France), and VINCI (France). Their modular construction capabilities, geographical presence, and adoption of growth strategies contribute toward their leading position in this market. These players have adopted various strategies to expand their global presence and increase their market share. Contracts, new projects, acquisitions, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by the market players to achieve growth in the modular construction market.
Table of Contents
5 Market Overview (Page No. - 35) 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growth in Infrastructure Investment and Industrialization 5.2.1.2 Increase in Concern Toward Work-Zone Safety and Need for Lower Environment Impacts 5.2.1.3 Need for Reduced Construction Time and Cost 5.2.1.4 Ease of Installation and Relocation 5.2.1.5 Supportive Government Initiatives 5.2.2 Restraints 5.2.2.1 Economic Downturn in Key Regions 5.2.3 Opportunities 5.2.3.1 Increase in Population and Rapid Urbanization Translating to A Large Number of New Construction Projects 5.2.4 Challenges 5.2.4.1 Lack of Awareness 5.2.4.2 Volatility in Transportation Charges Can Create an Unpredictable Business Environment
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Modular Constructions Market Analysis, Forecast, Growth Impact and Demand by Regions till 2021
Modular Constructions Market Report by Material, Application, and Geography - Global Forecast to 2021 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).
In this report, the global Modular Constructions Market is valued at USD XX million in 2017 and is projected to reach USD XX million by the end of 2021, growing at a CAGR of XX% during the period 2017 to 2021.
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The report firstly introduced the Modular Constructions basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
The major players profiled in this report include:
CIMC
China Grand Group
AMS Group
Bricto
Mobile Modular
The end users/Applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
Photo-Resistance
Photodiode
On the basis on the end users/Applications, this report focuses on the status and outlook for major Applications/end users, sales volume, market share and growth rate of Modular Constructions for each application, including-
Mobile Phone
Notebook
Application C
Detail TOC of Modular Constructions Market Report:
Part I Modular Constructions Industry Overview
Chapter One Modular Constructions Industry Overview
Chapter Two Modular Constructions Up and Down Stream Industry Analysis
Browse Detail Report With TOC @ http://www.hexareports.com/report/global-modular-constructions-market-report-and-forecast-to-2021
Part II Asia Modular Constructions Industry (The Report Company Including the Below Listed But Not All)
Chapter Three Asia Modular Constructions Market Analysis
Chapter Four 2012-2017 Asia Modular Constructions Productions Supply Sales Demand Market Status and Forecast
Chapter Five Asia Modular Constructions Key Manufacturers Analysis
Part III North American Modular Constructions Industry (The Report Company Including the Below Listed But Not All)
Chapter Seven North American Modular Constructions Market Analysis
Chapter Eight 2012-2017 North American Modular Constructions Productions Supply Sales Demand Market Status and Forecast
Chapter Nine North American Modular Constructions Key Manufacturers Analysis
Part IV Europe Modular Constructions Industry Analysis (The Report Company Including the Below Listed But Not All)
Chapter Eleven Europe Modular Constructions Market Analysis
Chapter Twelve 2012-2017 Europe Modular Constructions Productions Supply Sales Demand Market Status and Forecast
Chapter Thirteen Europe Modular Constructions Key Manufacturers Analysis
Part V Modular Constructions Marketing Channels and Investment Feasibility
Chapter Fifteen Modular Constructions Marketing Channels Development Proposals Analysis
Chapter Sixteen Development Environmental Analysis
Chapter Seventeen Modular Constructions New Project Investment Feasibility Analysis
Part VI Global Modular Constructions Industry Conclusions
Chapter Eighteen 2012-2017 Global Modular Constructions Productions Supply Sales Demand Market Status and Forecast
Chapter Nineteen Global Modular Constructions Industry Development Trend
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Modular Constructions Market Size and Forecast to 2021
Modular Constructions Report by Material, Application, and Geography â Global Forecast to 2021 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom,Japan, South Korea and China). Access Full Report:…
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