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The modular construction market is estimated at USD 92.18 billion in 2018 and is projected to reach USD 129.67 billion by 2023, at a CAGR of 7.1%. The increase in concern towards work zone safety, need for reduced construction time and cost, ease of installation and relocation, and supportive government initiatives drive the demand for modular construction.
The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges. This report segments the modular construction market and provides the closest approximations of revenue numbers for the overall market and its sub segments across different regions.
Asia Pacific modular construction market is projected to be the largest market between 2018 and 2023. Factors such as the increasing number of new housing units and considerable investments in the infrastructural sector drive the demand for modular construction in this region.
More Information on Modular Construction Market with Top Trends, Forecast and Analysis at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1598294 .
The growth of the modular construction market in the Asia Pacific region is also driven by the tremendous growth of construction opportunities in countries such as China, India, Japan, Australia, South Korea, Thailand, Vietnam, and Indonesia. In addition, the study analyzes competitive developments such as contracts, agreements, new projects, partnerships, joint ventures, and expansions in the modular construction market.
Target Audience
• Raw Material Suppliers
• Module Manufacturers
• Modular Construction Service Providers
• End Users
• Associations and Industry Bodies
• Government & Regulatory Bodies
Click now for more Details, Queries and Corporate Discount on this study “Modular Construction Market by Type (Permanent, Relocatable), Material (Precast concrete, Steel Wood, Plastic, Others), End-use sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023” report at https://www.reportsnreports.com/purchase.aspx?name=1598294 .
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).
Reasons to Buy the Report:
The report aims at estimating the market size and growth potential of the modular construction market across different segments on the basis of type, material, module, end-use sector, and region. It also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
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Release ID: 501195
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