Modular Construction Market

Modular Construction Market by Type (Permanent, Relocatable), Material (Steel Precast Concrete, Wood, Plastic), End-Use Sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023

Report Code: BC 6498 Aug, 2018, by marketsandmarkets.com
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[151 Pages Report] Modular Construction is an offsite and resource-efficient method to construct code-compliant buildings in a factory-controlled environment. In this innovative construction method, buildings are produced in modules and are assembled on-site to create the desired facility structure. It offers numerous benefits in terms of quality control, faster build times, greater flexibility and reuse, cost savings, and environmental benefits. The various materials generally employed for modular construction include precast concrete, steel, wood, plastic, and others (comprising aluminum, glass, expanded polyurethane foam, and wallboards). Modular construction is widely applicable in housing, commercial, healthcare, educational & institutional buildings, and industrial.

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. Additionally, the market is expected to reach 1.50 billion square feet by 2023, at a CAGR of 6.37%. The report aims at estimating the market size and growth potential of the market across different segments based on type, material, module, end-use sector, and region. It also provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges.

Modular Construction Market

MnM helped a European chemical company to assess its competitors in the construction market. This was done to help the client develop strategies that would enable it to have a stronger presence in the construction industry.

Client’s Problem Statement

Our client, a European chemical company, was keen on understanding the competitive scenario in the production of hydrogen gas segment. Along with the hydrogen, the company also produce synthesis gas, oxygen, olefins and others. The company needed to understand the key competitors in their hydrogen gas segment, their product offerings, and key application areas for these product categories in this segment. The company wanted to conduct this study in order to access its competitors strengths with reference to their product portfolios and business strategies in order to analyze them for further strategic plans.

MnM Approach

For each geography, MnM assisted the client by identifying key players in the hydrogen production market that offered products and technologies similar to those offered by the client. For each competing company, further analysis was done for identification of the strategies that were deployed and the impact of those strategies on the company’s business. A comprehensive list of all strategies was provided, and the most successful ones were highlighted and shared with the client.

Revenue Impact (RI)

Our findings helped the client to analyze their competitors strategies and identify few potential opportunities of over 2 Million in the market.

Consult our Analyst now

By type, permanent buildings to dominate the modular construction market during the forecast period

The modular construction market, by type, is projected to be led by the permanent buildings during the forecast period. This growth can be attributed to factors such as the rising need for affordable and time-saving housing solutions, and high-quality control in comparison to on-site construction. Permanent modular construction is widely employed in numerous sectors comprising residential, office and administrative space, K-12 education, retail and hospitality, healthcare, higher education student housing, and publicly-funded facilities. These factors propel the demand for this construction technique.

Modular Construction Market

Housing sector to lead the modular construction market during the forecast period

Countries are turning towards the adoption of modular construction methods to deliver rising demand for housing that is eco-friendly and cost-effective due to efficient in-factory processes and reduced waste. However, a preconceived notion of the housing consumers that modular buildings comparatively have a shorter life and cannot sustain natural calamities is expected to act as a hurdle in the growth of the modular construction market in the housing sector. The commercial sector is projected to be the second-largest end-use sector in the modular construction market. Relocatable modular buildings are mainly preferred in the commercial sector due to the ease of relocation, low-cost of reconfiguration, fast delivery, and quick return on investment, accelerated depreciation schedules, and enormous flexibility.

Modular Construction Market

Asia Pacific to dominate the modular construction market during the forecast period

In 2017, Asia Pacific was the largest market for modular construction and is projected to grow further during the forecast period. The increasing number of new housing units and considerable investments in the infrastructural sector drive the demand for modular construction in this region. Furthermore, the demand in the region is also driven by the tremendous growth in construction opportunities in countries such as China, Australia, India, Japan, Korea, Thailand, Vietnam, and Indonesia.

Emerging economies such as the UAE and Saudi Arabia are experiencing high demand for residential and non-residential constructions. The rapid urbanization in these countries demands faster and affordable construction of buildings and facilities without compromising on quality. Additionally, increased government investment in infrastructural development provides the potential for growth of the modular construction market in these countries.

Market Dynamics

Driver: Increase in concern towards work-zone safety and the need for lower environment impacts

The fatality rate in the construction sector has remained constant. Safety continues to be a key challenge in the construction industry, which the benefits offered by modular construction can help to address it. The indoor construction environment reduces the risks related to accidents and related liabilities for workers. Furthermore, this modern construction technique minimizes the use of ladders or scaffolding that leads to less risk of falls and also avoids close work in tight spaces. Modular construction is a greener construction technique. It reduces site disturbance and generates less waste in comparison to on-site built structures. The controlled factory environment results in more accurate construction while allowing the extra raw materials to be recycled in-house. These factors contribute towards its lower environmental impacts in comparison to conventional construction methods.

Restraint: Economic downturn in major regions

The demand for modular construction is entirely dependent on the market for new construction, which is directly related to the economic condition of any country, region, or the world as a whole. After the recession in the global financial market, the demand for new construction lost priority. Unemployment and low disposable income radically affected the GDPs of countries. With the decline in GDPs, major regions witnessed a deficient number of infrastructural activities; demand for new construction was negligible. This affected the construction industry adversely, which in turn will affect the modular construction market.

Opportunity: Multinationals adopting modular construction

Multinational construction companies have started turning to modular construction to get the projects done owing to its superior benefits in terms of quality control, cost savings, faster build times, and environmental benefits. Quality control is the prime factor that has contributed to the rising adoption of modular construction by construction companies. Unlike conventional construction techniques, modular structures are built in a factory-controlled environment, which eliminates the chances for high levels of moisture being trapped in the new construction and reduces imperfections like lumber warp. Furthermore, modular construction has faster build times, which directly lowers build times due to the elimination of weather delays, which allows contractors to complete daily build goals. This helps the company to encash the building's structures in comparatively less time. The increasing adoption of modular construction techniques by construction companies creates an opportunity for the growth of the modular construction market in the coming years.

Challenge: Lack of awareness

The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers; its R&D budget is also limited in comparison to other sectors. The modular construction market has a positive outlook due to high growth in the construction industry. However, in some developing or underdeveloped countries of the Asia Pacific region as well as in Africa and South America, people are less aware of this construction method and the benefits it offers. People perceive modular buildings to have a shorter life or unable to sustain natural calamities. There is also a lack of awareness about the recyclability of modular buildings in the emerging economies in Africa and South America. For the growth of this industry, it is important to educate customers regarding the positive effects of modular construction on the environment and the way it can contribute to a healthy lifestyle.

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

USD Million (Value) Million Square Feet (Volume)

Segments covered

Type, Material, Module, End-use Sector, and Region

Geographies covered

North America, South America, Europe, APAC and Middle East & Africa

Companies covered

Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), ATCO (Canada), Bouygues Construction (France), Vinci (France), Skanska AB (Sweden), Algeco Scotsman (US), KLEUSBERG GmbH & Co. KG (Germany), KEF Katerra (India), Lendlease Corporation (Australia)

The modular construction market has been segmented into the following submarkets:

By Type:

  • Permanent
  • Relocatable

By Material:

  • Steel
  • Precast Concrete
  • Wood
  • Plastic
  • Others

By Module:

  • 4-Sided Modules
  • Open-Sided Modules
  • Partially Open Sided Modules
  • Mixed-Modules and Floor Cassettes
  • Modules Supported By A Primary Structure
  • Others

By End-use Sector:

  • Housing
  • Commercial
  • Education
  • Healthcare
  • Industrial

By Region:

  • North America (US, Canada, Mexico)
  • Europe (Germany, France, UK, Russia, Spain, Sweden, RoE)
  • Asia Pacific (China, Japan, Australia, India, RoAPAC)
  • Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa)
  • South America (Brazil Argentina, Rest of South America)

Key Market Players

Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), ATCO (Canada), Bouygues Construction (France), Vinci (France)

Recent Developments

  • In July 2018, Bouygues Construction acquired AW Edwards Pty Limited (Australia) to strengthen its position in the construction market. The acquired company will be part of Bouygues Bβtiment International.
  • In June 2018, KEF Infra entered into a strategic merger with Katerra (US), i.e., a technology company focused on revolutionizing the design and construction industries. The partnership between the companies expanded their manufacturing capacity, geographical reach, and market expertise. The partnership firm was named KEF Katerra.
  • In May 2018, SunSHIFT, a subsidiary of Laing O’Rourke, entered into a new contract with EDL (Energy Developments Pty Ltd) to build a hybrid gas-fired power station along with three megawatt PV installation for South32 at its Cannington mine in North Queensland, Australia. The solar PV facility was constructed offsite by the company via modular construction method and became operational in September 2018.
  • In January 2018, ATCO signed a contract wherein it provided facility, maintenance, renovation, and capital construction services for National Research Council (NRC) buildings in Ottawa. The contract commenced on 1st March 2018, and is for a five-year duration, with an estimated value of USD 38 million.

Key questions addressed in the report

  • What are the key sustainability strategies adopted by major market players?
  • Which segment or region will lead the market, and why?
  • What are the key sustainability strategies adopted by major market players?
  • Which are the major players leading the market, and what initiatives have they undertaken over the past few years?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Research Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Emerging Economies to Shift Its Focus Toward Modular Construction
    4.2 Modular Construction Market, By Type
    4.3 Modular Construction Market, By Material
    4.4 Modular Construction Market, By End-Use Sector
    4.5 Asia Pacific Modular Construction Market, By End-Use Sector & Country
    4.6 Modular Construction Market: Key Countries

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

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Supply Chain
           6.2.1 Product Development & Distribution are an Integral Part of the Supply Chain in the Modular Construction Market
           6.2.2 Prominent Companies
           6.2.3 Small & Medium Enterprises
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Macroeconomic Overview
           6.4.1 Rise in Population
           6.4.2 Increase in Middle-Class Population, 2009–2030
           6.4.3 Developing Economies: GDP (Ppp) Growth, 2015
           6.4.4 GDP & Contribution to the Construction Industry, By Country

7 Modular Construction Market, By Type (Page No. - 53)
    7.1 Introduction
    7.2 Permanent
    7.3 Relocatable

8 Modular Construction Market, By Material (Page No. - 56)
    8.1 Introduction
    8.2 Precast Concrete
    8.3 Steel
    8.4 Wood
    8.5 Plastic
    8.6 Others

9 Modular Construction Market, By Module (Page No. - 60)
    9.1 Introduction
    9.2 Four-Sided Modules
    9.3 Open-Sided Modules
    9.4 Partially Open-Sided Modules
    9.5 Mixed Modules and Floor Cassettes
    9.6 Modules Supported By A Primary Structure
    9.7 Others

10 Modular Construction Market, By End-Use Sector (Page No. - 62)
     10.1 Introduction
     10.2 Housing
     10.3 Commercial
     10.4 Healthcare
     10.5 Education
     10.6 Industrial

11 Modular Construction Market, By Region (Page No. - 66)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 Japan
             11.2.3 Australia
             11.2.4 India
             11.2.5 Rest of Asia Pacific
     11.3 Europe
             11.3.1 Germany
             11.3.2 Italy
             11.3.3 France
             11.3.4 UK
             11.3.5 Russia
             11.3.6 Sweden
             11.3.7 Spain
             11.3.8 Rest of Europe
     11.4 North America
             11.4.1 US
             11.4.2 Canada
             11.4.3 Mexico
     11.5 Middle East
             11.5.1 UAE
             11.5.2 South Africa
             11.5.3 Saudi Arabia
             11.5.4 Rest of the Middle East & Africa
     11.6 South America
             11.6.1 Brazil
             11.6.2 Argentina
             11.6.3 Rest of South America

12 Competitive Landscape (Page No. - 101)
     12.1 Overview
     12.3 Market Ranking
     12.4 Competitive Scenario
             12.4.1 New Projects
             12.4.2 Contracts, Partnerships, Agreements, and Joint Ventures
             12.4.3 Expansions and Divestitures
             12.4.4 Merger & Acquisitions

13 Company Profiles (Page No. - 108)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Laing O’rourke
     13.2 Red Sea Housing
     13.3 Atco
     13.4 Bouygues Construction
     13.5 Vinci
     13.6 Skanska AB
     13.7 Algeco Scotsman
     13.8 Kleusberg GmbH & Co. Kg
     13.9 Kef Katerra
     13.10 Lendlease Corporation
     13.11 Cimc Modular Building Systems Holding
     13.12 Other Players
             13.12.1 Modular Space Corporation
             13.12.2 Dubox
             13.12.3 Kwikspace Modular Buildings
             13.12.4 Guerdon Enterprises LLC
             13.12.5 Alta-Fab Structures
             13.12.6 Westchester Modular Homes
             13.12.7 Wernick Group
             13.12.8 Fleetwood Australia
             13.12.9 NRB Inc.
             13.12.10 Koma Modular
             13.12.11 Hickory Group
             13.12.12 Clayton Homes
             13.12.13 J.D. Irving
             13.12.14 Horizon North Logistics
             13.12.15 Art’s Way Manufacturing

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 144)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (90 Tables)

Table 1 USD Conversion Rates, 2014–2017
Table 2 Asia Pacific Urbanization Trend, 1990–2050
Table 3 North America: GDP, By Country, 2015–2022 (USD Billion)
Table 4 North America: Contribution of the Construction Industry to the GDP, By Country, 2014–2021 (USD Billion)
Table 5 Europe: GDP, By Country, 2015–2022 (USD Billion)
Table 6 Europe: Contribution of the Construction Industry to the GDP, By Country, 2014–2021 (USD Billion)
Table 7 Asia Pacific: GDP, By Country, 2015–2022 (USD Billion)
Table 8 Asia Pacific: Contribution of the Construction Industry to the GDP, By Country, 2014–2021 (USD Billion)
Table 9 Middle East & Africa: GDP, By Country, 2015–2022 (USD Billion)
Table 10 Middle East & Africa: Contribution of the Construction Industry to the GDP, By Country, 2014–2021 (USD Billion)
Table 11 South America: GDP, By Country, 2015–2022 (USD Billion)
Table 12 South America: Contribution of the Construction Industry to the GDP, By Country, 2014–2021 (USD Billion)
Table 13 By Market Size, By Type, 2016–2023 (USD Billion)
Table 14 Modular Construction Market Size, By Type, 2016–2023 (Million Square Feet)
Table 15 By Type Market Size, By Material, 2016–2023 (USD Billion)
Table 16 By Type Market Size, By Material, 2016–2023 (Million Square Feet)
Table 17 Modular Construction Market Size, By End-Use Sector, 2016–2023 (USD Billion)
Table 18 By Market Size, By End-Use Sector, 2016–2023 (Million Square Feet)
Table 19 By Market Size, By Region, 2016–2023 (USD Billion)
Table 20 By Market Size, By Region, 2016–2023 (Million Square Feet)
Table 21 Asia Pacific: By Market Size, By Country, 2016–2023 (USD Million)
Table 22 Asia Pacific: Modular Construction Market Size, By Country, 2016–2023 (Million Square Feet)
Table 23 Asia Pacific: By Market Size, By Type, 2016–2023 (USD Million)
Table 24 Asia Pacific: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 25 China: By Market Size, By Type, 2016–2023 (USD Million)
Table 26 China: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 27 Japan: Modular Construction Market Size, By Type, 2016–2023 (USD Million)
Table 28 Japan: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 29 Australia: By Market Size, By Type, 2016–2023 (USD Million)
Table 30 Australia: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 31 India: Modular Construction Market Size, By Type, 2016–2023 (USD Million)
Table 32 India: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 33 Rest of Asia Pacific: By Market Size, By Type, 2016–2023 (USD Million)
Table 34 Rest of Asia Pacific: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 35 Europe: By Market Size, By Country, 2016–2023 (USD Million)
Table 36 Europe: By Market Size, By Country, 2016–2023 (Million Square Feet)
Table 37 Europe: By Market Size, By Type, 2016–2023 (USD Million)
Table 38 Europe: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 39 Germany: By Market Size, By Type, 2016–2023 (USD Million)
Table 40 Germany: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 41 Italy: By Market Size, By Type, 2016–2023 (USD Million)
Table 42 Italy: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 43 France: By Market Size, By Type, 2016–2023 (USD Million)
Table 44 France: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 45 UK: By Market Size, By Type, 2016–2023 (USD Million)
Table 46 UK: Modular Construction Market Size, By Type, 2016–2023 (Million Square Feet)
Table 47 Russia: By Market Size, By Type, 2016–2023 (USD Million)
Table 48 Russia: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 49 Sweden: By Market Size, By Type, 2016–2023 (USD Million)
Table 50 Sweden: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 51 Spain: By Market Size, By Type, 2016–2023 (USD Million)
Table 52 Spain: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 53 Rest of Europe: By Market Size, By Type, 2016–2023 (USD Million)
Table 54 Rest of Europe: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 55 North America: Modular Construction Market Size, By Country, 2016–2023 (USD Million)
Table 56 North America: By Market Size, By Country, 2016–2023 (Million Square Feet)
Table 57 North America: By Market Size, By Type, 2016–2023 (USD Million)
Table 58 North America: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 59 US: By Market Size, By Type, 2016–2023 (USD Million)
Table 60 US: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 61 Canada: By Market Size, By Type, 2016–2023 (USD Million)
Table 62 Canada: Modular Construction Market Size, By Type, 2016–2023 (Million Square Feet)
Table 63 Mexico: By Market Size, By Type, 2016–2023 (USD Million)
Table 64 Mexico: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 65 Middle East & Africa: By Market Size, By Country, 2016–2023 (USD Million)
Table 66 Middle East & Africa: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 67 Middle East & Africa: By Market Size, By Type, 2016–2023 (USD Million)
Table 68 Middle East & Africa: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 69 UAE: By Market Size, By Type, 2016–2023 (USD Million)
Table 70 UAE: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 71 South Africa: Modular Construction Market Size, By Type, 2016–2023 (USD Million)
Table 72 South Africa: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 73 Saudi Arabia: By Market Size, By Type, 2016–2023 (USD Million)
Table 74 Saudi Arabia: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 75 Rest of the Middle East & Africa: By Market Size, By Type, 2016–2023 (USD Million)
Table 76 Rest of the Middle East & Africa: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 77 South America: Modular Construction Market Size, By Country, 2016–2023 (USD Million)
Table 78 South America: By Market Size, By Country, 2016–2023 (Million Square Feet)
Table 79 South America: By Market Size, By Type, 2016–2023 (USD Million)
Table 80 South America: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 81 Brazil: By Market Size, By Type, 2016–2023 (USD Million)
Table 82 Brazil: Modular Construction Market Size, By Type, 2016–2023 (Million Square Feet)
Table 83 Argentina: By Market Size, By Type, 2016–2023 (USD Million)
Table 84 Argentina: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 85 Rest of South America: By Market Size, By Type, 2016–2023 (USD Million)
Table 86 Rest of South America: By Market Size, By Type, 2016–2023 (Million Square Feet)
Table 87 New Projects
Table 88 Contracts
Table 89 Expansions
Table 90 Merger & Acquisitions


List of Figures (36 Figures)

Figure 1 Modular Construction Market Segmentation
Figure 2 Modular Construction Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Modular Construction Market: Data Triangulation
Figure 6 Steel Segment to Be the Largest in the Market, By 2023
Figure 7 Modular Construction Market, By Type, is Estimated to Be Dominated By the Permanent Segment in 2018
Figure 8 Housing Sector Estimated to Lead the Modular Construction Market in 2018
Figure 9 Asia Pacific Dominated the Market in 2017
Figure 10 Market Growth is Attributed to Growth of the Construction Industry in Developing as Well as Matured Markets of Modular Construction
Figure 11 Permanent Buildings to Dominate the Modular Construction Market Through 2023
Figure 12 Steel as A Material for Modular Construction to Grow at the Highest CAGR During the Forecast Period
Figure 13 Housing Sector to Lead the Demand for Modular Construction Through 2023
Figure 14 China Accounted for the Largest Share in 2017
Figure 15 China is Projected to Grow at the Highest Rate From 2018 to 2023
Figure 16 Modular Construction Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Global GDP Growth Trend, 2006–2017
Figure 18 Supply Chain Analysis
Figure 19 Porter’s Five Forces Analysis
Figure 20 Projected Per Capita GDP, By Country (USD Million)
Figure 21 Modular Construction Market Size, By Type, 2018 vs 2023 (USD Billion)
Figure 22 By Market Size, By Material, 2018 vs 2023 (USD Billion)
Figure 23 By Market Size, By End-Use Sector, 2018 vs 2023 (USD Billion)
Figure 24 Regional Snapshot: China is Projected to Be the Fastest-Growing Country-Level Market From 2018 to 2023
Figure 25 Asia Pacific: Modular Construction Market Snapshot
Figure 26 Europe: Modular Construction Market Snapshot
Figure 27 Companies Adopted Various Growth Strategies From 2017 to 2018
Figure 28 Market Ranking of Key Players, 2017
Figure 29 Laing O’rourke: Company Snapshot
Figure 30 Red Sea Housing: Company Snapshot
Figure 31 Atco: Company Snapshot
Figure 32 Bouygues Construction: Company Snapshot
Figure 33 Vinci: Company Snapshot
Figure 34 Skanska AB: Company Snapshot
Figure 35 Algeco Scotsman: Company Snapshot
Figure 36 Lendlease Corporation: Company Snapshot


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