Modular Construction Market Size to Reach $162.42 Billion by 2030 at CAGR 7.9% - Grand View Research, Inc.

Request a free sample copy or view report summary: Modular Construction Market Request a free sample copy or view report summary:Modular Construction Market Using wood in modular construction is advantageous due to its favorable properties as a material. Wood is used in modular construction to create exterior wall panels including additional layers for insulation, vapor barrier, siding, waterproofing, and drywall. Moreover, global concerns regarding sustainability and increasing...

Request a free sample copy or view report summary: Modular Construction Market

Using wood in modular construction is advantageous due to its favorable properties as a material. Wood is used in modular construction to create exterior wall panels including additional layers for insulation, vapor barrier, siding, waterproofing, and drywall. Moreover, global concerns regarding sustainability and increasing awareness about wood as a building material among consumers are the factors likely to augment the growth of the market over the forecast period.

Growing commercial sector in Asia Pacific on account of rising penetration of multinational brands backed with favorable trade policies are expected to propel the market growth. Increasing construction of office spaces, shopping malls, lodging spaces and other utility spaces across the region are likely to provide a major boost to the adoption of modular construction.

The manufacturers of modular construction prefer to maintain strategic relationships with raw material suppliers in order to avoid disruptions in raw material supply. In addition, manufacturers do not depend on a single source to procure raw materials to ensure the steady supply of raw materials and avoid volatility in terms of sourcing, thereby limiting the bargaining power of suppliers.

Leading companies are implementing the latest modular construction techniques and solutions to drive innovation in the modular construction sector. For instance, in March 2017, Bureau Veritas, Setec Bâtiment, Agence Coste Architectures, and Bouygues Construction partnered to work on innovative Building Information Modeling (BIM) processes. These processes enable technical inspectors and health & security protection coordinators to assess buildings and structures directly based on the digital model and allows principal contractors to sign off directly on the same digital model.

Modular Construction Market Report Highlights:

Read full market research report on Modular Construction Market with TOC - Modular Construction Market Size, Share & Trends Analysis Report By Type (Relocatable, Permanent), By Material (Wood, Steel, Concrete), By Application (Residential, Commercial), By Module (Wood, Steel, Concrete), By Region, And Segment Forecasts, 2025 - 2030

Modular Construction Market Segmentation

Grand View Research has segmented the global modular construction market based on type, application, material, module and region:

Modular Construction Market - Type Outlook (Revenue, USD Million; 2018 - 2030)

Modular Construction Market - Material Outlook (Revenue, USD Million; 2018 - 2030)

Modular Construction Market - Application Outlook (Revenue, USD Million; 2018 - 2030)

Modular Construction Market - Module Outlook (Revenue, USD Million; 2018 - 2030)

Modular Construction Market - Regional Outlook (Revenue, USD Million; 2018 - 2030)

List of Key Players in the Modular Construction Market

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Browse Horizon Databook on Modular Construction Market – Global Modular Construction Market Size & Outlook

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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