Global Modular Construction Market Competition, Forecast & Opportunities (2019-2024) - ResearchAndMarkets.com

Spending on infrastructure is a major driver for the global modular construction market.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, April 30, 2019
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Tags: 
Construction & Property, Other Construction & Property, Construction, Architecture, Building materials, Concrete, Precast concrete, Reuse
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Summary
Key Points: 
  • Spending on infrastructure is a major driver for the global modular construction market.
  • Thus, the need for time saving construction methods is widening the growth scope of the global modular construction market.
  • In terms of material, the global modular construction market is categorized into steel, precast concrete, wood, plastic, aluminium and others.
  • Of all, precast concrete captured majority of the global modular construction market in 2018 and is expected to continue its dominance throughout forecast period as well.


The "Global
Modular Construction Market By Material (Steel, Precast Concrete, Wood,
Plastic & Others), By Type (Permanent & Relocatable), By End User
(Residential, Retail, Office, Hotel, Education & Others), Competition,
Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's
offering.

The global modular construction market was valued at $102 billion in
2018 and is projected to grow at a CAGR of over 5.5% to surpass $142.5
billion by 2024, owing to the rising demand for complex structures at
affordable rates along with rapid urbanization and industrialization.

Spending on infrastructure is a major driver for the global modular
construction market. It is anticipated that the spending on
infrastructure and capital projects would grow significantly over the
next few years. India, China and other countries in Asia-Pacific are
investing considerably in the infrastructure market. Moreover, modular
construction reduces build time by 30-50%. The process is cost-effective
due to less labor involved in on-site activities. Thus, the need for
time saving construction methods is widening the growth scope of the
global modular construction market.

In terms of material, the global modular construction market is
categorized into steel, precast concrete, wood, plastic, aluminium and
others. Of all, precast concrete captured majority of the global modular
construction market in 2018 and is expected to continue its dominance
throughout forecast period as well. The category is also predicted to
witness the fastest growth during forecast period.

The global modular construction market has several manufacturers, with
moderate competition. Most manufacturers target Asian countries
including India and China, wherein the construction industry is
bolstering. Some of the leading players in the global modular
construction market are ACS Group, Skanska AB, Taisei Corporation,
Lendlease Corporation, Balfour Beatty plc., L&T among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study

  • To analyze and forecast the global modular construction market size.
  • To classify and forecast the global modular construction market based
    on material, type, end-user and regional distribution.
  • To identify drivers and challenges for the global modular construction
    market.
  • To examine competitive developments such as expansions, new product
    launches, mergers & acquisitions, etc., in the global modular
    construction market.
  • To conduct pricing analysis for the global modular construction market.
  • To identify and analyze the profile of leading players involved in the
    global modular construction market.

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1 Factors considered while selecting a supplier

4.2 Product awareness and applicability & usage analysis

4.3 Challenges/issues faced post purchase

4.4 Unmet needs

5. Global Modular Construction Market Outlook

5.1 Market Size & Forecast

5.1.1. By Value & Area

5.2 Market Share & Forecast

5.2.1. By Material (Steel; Precast Concrete; Wood; Plastic; Aluminium;
Others)

5.2.2. By Type (Permanent; Relocatable)

5.2.3. By End User (Residential; Retail; Office; Hotel; Education;
Healthcare; Industrial; Others)

5.2.4. By Region (Asia-Pacific; Europe; North America; South America;
Middle-East & Africa)

5.2.5. By Company (2018)

5.3 Market Attractiveness Index (By Material; By Type; By End User)

6. Asia-Pacific Modular Construction Market Outlook

7. North America Modular Construction Market Outlook

8. Europe Modular Construction Market Outlook

9. Middle East and Africa Modular Construction Market Outlook

10. South America Modular Construction Market Outlook

11. Market Dynamics

11.1 Drivers

11.2 Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1 Competition Outlook

13.2 Company Profiles

13.2.1. Basic Details

13.2.2. Financials (As reported)

13.2.3. Supply Chain Analysis

13.2.4. Key Market Focus and Geographical Presence

13.2.5. Planned Investments

13.2.6. Pricing of Target Products

13.2.7. Market positioning

13.3 Global Players Profiled (Leading Companies)

13.3.1 ACS Group

13.3.2 Skanska AB

13.3.3 Taisei Corporation

13.3.4 Lendlease Corporation

13.3.5 Balfour Beatty plc

13.3.6 L&T

13.3.7 ATCO

13.3.8 Algeco Scotsman Inc.

13.3.9 Red Sea Housing Services Company FZE

13.3.10 VINCI S.A.

For more information about this report visit https://www.researchandmarkets.com/r/fim912

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