Modular Construction Market Forecasts, Trend Analysis &...

Modular Construction Market Forecasts, Trend Analysis & Opportunity Assessments

Modular Construction Market Growth or Demand Increase or Decrease for what contain:

The global modular construction market is being driven by changing government policies to decrease construction waste and promote green buildings. For example, the Singapore government has mandated the use of PPVC (Pre-fabricated, pre-finished, volumetric construction) parts in a number of government-owned projects. Moreover, the government grants incentives to companies that standardise contemporary construction practises. During the forecast period 2023-2029, the modular construction market is expected to be driven by increased investment on R&D activities for novel construction solutions.

Modular Construction CAGR Estimation:

By 2030, US$57 trillion in global infrastructure investment would be required to support this rapid increase in urbanisation. More than 1 billion people live in housing that falls short of minimum comfort and sanitation standards, and 3 billion additional homes will be needed by 2030. These are the factors that are expected to boost the growth of the global modular construction market during the forecast period 2023-2029.

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Modular Construction Market Segmentation:

by Type

Permanent
Relocatable
by Material

Steel
Wood
Concrete
by Module

Four-sided
Open-sided
Partially open-sided
Mixed modules & floor cassettes
Modules supported by a primary structure
Others

Based on the Type, the market is segmented into Permanent, and Relocatable. Permanent modular construction type segment is expected hold the largest market shares of xx% by 2029. Permanent modular construction (PMC) is a sustainable and creative building approach that prefabricates single or multi-story structures in modular pieces using offshore and lean manufacturing technologies. PMC can be shaped to integrate into an existing structure. PMC was utilised by the Hawaii Film Studio, for example, to satisfy tight deadlines and budget constraints. Healthcare facilities, hotels, schools, and restaurants are some of the examples of the permanent modular construction.
by End-Use Sector

Residential
Office
Education
Retail & Commercial
Hospitality
Healthcare
Others
by Building Height

Up to 70 meters
70-100 meters
100-170 meters
Above 170 meters

Modular Construction Market Overview:

Modular construction is a method of constructing a building offsite under controlled plant conditions before transporting and assembling it at its ultimate location. A variety of building types and floor designs can be used in this type of construction. Four-sided, Open-sided, partially open-sided, mixed modules & floor cassettes, and Modules supported by a primary structure are some of the types of modules of the module construction. Residential, Office, Education, Retail & Commercial, Hospitality, and Healthcare are some of the end-users of the module construction.

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Modular Construction Market Growth or Demand in which regions??

Asia Pacific dominates the Modular Construction market during the forecast period 2023-2029. Asia Pacific is expected hold the largest market shares of xx% by 2029. The Asia Pacific region's economy has grown due to factors such as the ready supply of raw materials and labour, as well as advanced technologies and innovations. Asia Pacific was the fastest-growing region in terms of population and economic growth, according to the World Bank. China, India, and other growing Asia Pacific countries had a combined population of almost 4.5 billion in 2022, according to the Population Reference Bureau, and are expected to become an increasingly major driver for global modular construction demand during the forecast period 2023-2029.

Modular Construction Market Scope and Methodology:

The objective of the report is to present a comprehensive analysis of the Global Modular Construction Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

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Modular Construction Market Key Players

1. Makeup Geek LLC (US)
2. Morphe Brushes & Cosmetics (US)
3. The Estee Lauder Companies Inc. (US)
4. Procter & Gamble Company (US)
5. Edgewell Personal Care (US)
6. Leonor Greyl USA (US)
7. Aveda Corporation (US)
8. Kiehl’s (US)
9. Amway Corporation (US)
10.Conair Corporation (US)
11.Johnson & Johnson Services, Inc. (US)
12.Burberry (UK)
13.Unilever plc (UK)
14.Body Shop International Limited (UK)
15.Avon Products, Inc. (UK)
16.Beiersdorf AG (Germany)
17.L’Oréal S.A. (France)
18.Chanel SA (France)
19.Oriflame Holding AG (Switzerland)
20.Oriflame Cosmetics (Switzerland)
21.Shiseido Company, Limited (Japan)
22.Kao Corporation (Japan)
23.Himalaya Wellness Company (India)
24.Lotus Herbals Pvt, Ltd. (India)
25.TesterKorea (South Korea)

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Key questions answered in the Market are:

• What is Modular Construction Market ?
• What is the growth rate of the Modular Construction Market?
• Which are the factors expected to drive the Modular Construction market growth?
• What are the different segments of the Modular Construction Market?
• What growth strategies are the players considering to increase their presence in Modular Construction ?
• What are the upcoming industry applications and trends for the Modular Construction Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Modular Construction Market?
• What major challenges could the Modular Construction Market face in the future?
• What segments are covered in the Modular Construction Market?
• Who are the leading companies and what are their portfolios in Modular Construction Market?
• What segments are covered in the Modular Construction Market?
• Who are the key players in the Modular Construction market?

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