Constructing a building off-site while using the same raw materials, and designing to the same codes as well as the standards in the quicker time period is defined as modular constructions of the buildings. Buildings are produced in modules and are then put together which reflect identical to the design intent of that particular building. Modular constructions encompass various advantages over the conventional construction processes that include reduced costs and construction schedule, greater flexibility and reuse-ability, less wastage of materials, elimination of weather delays, and improved air quality.
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High level of urbanization, especially in the developing economies coupled with rising pollution levels, is one of the major driving factors for the modular construction market. Lesser awareness and social barriers are the major restraining factors to the growth of modular construction market. Various environmental legislations coupled with Government funding and support for modular constructions in densely populated areas across the globe is anticipated to provide larger opportunities for the players operating in the modular construction market.
Global Modular Construction Market is segmented by region into North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. The North America regional market is expected to grow with CAGR of XX.X% and reach US$ XX Million/Billion 2027 from US$ XX Million/Billion in 2020.
The key players profiled in the Modular Construction Market research study includes:
- ACS Group
2. Komatsu Ltd.
3. Bouygues Construction
4. Kiewit Corporation
5. Laing O’Rourke
6. Skanska AB
8. Balfour Beatty Plc.
9. Taisei Corporation
10. System House R & C Co. Ltd.
Since, the key findings in the Modular Construction Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Modular Construction Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.
The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:
The objective of updating “The Insight Partners” coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.
The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Modular Construction Market. The secondary research sources that are typically referred to include, but are not limited to:
- Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
- Industry Trade Journals and Other Literature
- National Government Documents, Statistical Databases and Market Reports
- News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market
NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.
“The Insight Partners” conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:
- Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook
- Validates and Strengthens Secondary Research Findings
- Further Develops the Analysis Team’s Expertise and Market Understanding
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