Modular Construction Market Valued US$ 160.15 Billion and Projected Grow at 5.70% CAGR by 2032
Global modular construction market size and share is currently valued at USD 92.57 billion in 2023 and is anticipated to generate an estimated revenue of USD 160.15 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.70% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 - 2032๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/modular-construction-market/request-for-sample
The growing industrialization and urbanization in developing nations is one of the primary catalysts supporting the development of the market. Based on type analysis, the relocatable modular construction segment is anticipated to account for the largest revenue share. By region, the Asia-Pacific region dominated the market in 2022.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The top industry participants in the modular construction market rely on advanced technology and top-notch products to boost revenue growth. Besides, these firms employ various strategies like technological innovations, and mergers and acquisitions to maintain a competitive market edge:
โข ACS Group
โข Algeco
โข Bouygues Construction
โข CIMC Modular Building Systems Holdings Co., Ltd
โข Guerdon Enterprise LLC
โข KEF Infra
โข Katerra Inc.
โข Laing O'Rourke
โข Red Sea Housing Services
โข Skanska AB
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/2865/2
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐ฒ ๐๐ฒ๐ฉ๐
โข Relocatable
โข Permanent
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ
โข Steel
โข Wood
โข Concrete
โข Plastic
โข Others
๐๐ก๐๐ญ ๐ข๐ฌ ๐ ๐๐จ๐๐ฎ๐ฅ๐๐ซ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง?
Modular kitchen is a term for contemporary design that has built-in units, which are referred to as modules. The architectural style comes with repeated section having a few standard-sized components. The main aim of modular construction is to improve usability and support effective space management. Each module in this construction type is built away from the main site and then delivered to the intended site via suitable transportation methods. Modular construction typically falls under one of two types: permanent modular construction and temporary modular construction. The modules in modular construction can be made using various materials, including steel, wood, concrete and plastic, amongst others.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/modular-construction-market
๐๐๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
โข The global modular construction market was valued at USD 92.57 billion in 2023 and is projected to grow to USD 160.15 billion by 2032.
โข The market is anticipated to exhibit a CAGR of 5.70% during the forecast period.
โข The industry is primarily segmented based on type, material, and region.
โข The North America region is anticipated to witness the fastest growth in the market.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ข๐๐ฅ ๐๐๐ฏ (๐๐ง๐ฆ๐๐ง๐ง๐๐ ๐๐๐ซ๐ข๐๐ฅ ๐๐๐ก๐ข๐๐ฅ๐) ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/unified-communications-market
๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ง๐ ๐ ๐๐ซ๐ฆ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/agriculture-and-farm-equipment-market
๐๐ข๐ซ๐๐ฅ๐๐ฌ๐ฌ ๐๐ง-๐ ๐ฅ๐ข๐ ๐ก๐ญ ๐๐ง๐ญ๐๐ซ๐ญ๐๐ข๐ง๐ฆ๐๐ง๐ญ (๐-๐๐๐) ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/wireless-in-flight-entertainment-market
๐๐๐ซ๐๐๐ง๐ข๐ง๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/gardening-equipment-market
๐๐ฆ๐๐ซ๐ญ ๐ ๐ฅ๐๐๐ญ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/smart-fleet-management-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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