How Modular Construction Market Can Increase Your Profit!

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 base year considered for the study is 2017 and the forecast period is 2018-2023.

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Here are some of the major key players -

The market ecosystem includes various stakeholders involved in the supply chain of the modular construction market starting from the procurement of raw materials to final module manufacturing. Post this, the marketing and sales of products take place, which is possible if an efficient distribution channel is developed. Finally, end products are made available to potential end users. The market for modular construction is led by major players such as 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), and Lendlease Corporation (Australia).

Target Audience

• Raw Material Suppliers


• Module Manufacturers


• Modular Construction Service Providers


• End Users


• Associations and Industry Bodies


• Government & Regulatory Bodies

By End-use Sector:

• Housing


• Commercial


• Education


• Healthcare


• Industrial

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Growth in infrastructure investment and industrialization

Infrastructure spending is a key driver of the global and regional economies. It is expected that spending on capital projects and infrastructure will grow significantly over the next decade. China, India, and other countries in Asia Pacific, along with South Africa and Brazil, are investing considerably in the infrastructure industry. This investment is required for modernization and commercialization. Rapid urbanization in emerging markets such as India, Malaysia, Thailand, and Brazil are expected to boost the spending for vital infrastructure sectors, such as power, construction, and transportation. The improvement in economic conditions of emerging markets is projected to drive the use of modular construction.

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