Skip to main content

Modular Construction Market to Reach USD 107.20 Billion by 2026; Increasing Demand for Sustainable Products will Create Several Growth Opportunities, says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, June 18, 2020 (GLOBE NEWSWIRE) — The global modular construction market size is projected to reach USD 107.20 billion by the end of 2026. The increasing investment in sustainable and eco-friendly homes will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Modular Construction Market Size, Share & Industry Analysis, By Type (Permanent Modular Construction, Relocatable Modular Construction), By Application (Commercial, Healthcare, Education & Institutions, Hospitality, Others), and Regional Forecast, 2019-2026,” the market was worth USD 64.85 billion in 2019 and will exhibit a CAGR of 6.5% during the forecast period, 2019-2026.Modular construction has gained rapid popularity in the past decade across the world. The increasing trend of modern infrastructures will lead to a wider adoption of modular construction techniques in several countries across the world. The rising urbanization, coupled with the technological advances in modular construction that have helped fulfil the modern needs, will open up a huge potential for the growth of the market in the coming years. The increasing infrastructure development projects will fuel the demand for modular construction. The growing investment in commercial spaces has given the platform for rapid advances in modular construction; a factor that will also influence the growth of the market in the coming years. Moreover, the constantly rising population in several countries across the world will have a direct impact on the growth of the market in the foreseeable future.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions (M&As) have had the highest impact on the growth of the market in recent years. Accounting to the rising demand and adoption of modular construction projects across the world, SMEs are focusing on merging and collaborating with its counterparts. The large scale companies have the liberty as well as funds to acquire SMEs; a factor that has resulted in several large scale M&As in recent years. In June 2018, WillScott Corporation announced that it has completed the acquisition of Modular Space Holdings. Through this company, the company will look to improve its portfolio of modular construction products as well as increase the global consumer range. WillScott’s acquisition of Modular Space will not just help the company but will also have a direct impact on the growth of the overall market in the coming years.The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to exhibit the highest CAGR in the coming years. The rising urbanization has led to the demand for advanced modular deisgns in infrastructures across the world. The increasing construction and commercial spaces across the world will create several growth opportunities for the companies operating in the market. The rising efforts taken to promote eco-friendly homes and sustainable products will bode well for market growth. As of 2018, the market in Asia Pacific was worth 19.15 billion and this value is projected to increase at a considerable pace in the coming years.The increasing adoption of smart modular construction techniques in countries such as the United Kingdom will aid the growth of the market in Europe. The lack of skilled labor has led to an increase in the adoption of modular construction methods in this region.
List of Companies Profiled in the Modular Construction Market Report are:Guerdon Modular BuildingsLaing O’RourkeATCORed Sea International CompanyBouygues ConstructionVINCI Construction Grands ProjetsSkanska ABAlgecoKLEUSBERG GmbH & Co. KGKaterraLendlease Corporation
Industry Developments:July, 2017: RHP Group announced the launch of a new product, ‘LaunchPod’, a modular home that resembles a one-bedroom apartment. The product is described as an innovative solution for people who can’t afford social housing.
Quick Buy – Modular Construction Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101662

Detailed Table of ContentIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsKey Technological DevelopmentsConsolidated SWOT Analysis of Key PlayersGlobal Modular Construction Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Sizing Estimations and Forecasts – By Type (Value)Permanent Modular ConstructionRelocatable Modular ConstructionMarket Sizing Estimations and Forecasts – By Application (Value)CommercialHealthcareEducation & InstitutionsHospitalityOthers (Residential, Religious Buildings and etc.)Market Analysis, Insights and Forecast – By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued…!!!

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/modular-construction-market-101662

Have a Look at Related Research Insights:Construction Equipment Market Size, Share and Industry Analysis By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Regional Forecast, 2019-2026Construction Equipment Rental Market Size, Share & Industry Analysis, By Equipment Type (Earthmoving Equipment, Material Handling Equipment, Concrete & Road Building Equipment, and Others), By Application (Residential, Commercial and Industrial) and Regional Forecast, 2019-2026
Cranes Market Size, Share and Industry Analysis By Product Type (Mobile, Fixed, Marine), By End-User Industry (Construction, Mining, Industrial, Oil & Gas, Others) and Regional Forecast 2019-2026Building & Construction Plastics Market Size, Share & Industry Analysis, By Material Type (Polyethylene (Low & High density), Polyvinyl Chloride, Polycarbonate, Polypropylene, Expanded Polystyrene, Others), By Application (Pipes & Ducts, Roofing, Insulation, Door & Windows, Wall Covering, Others) Others and Regional Forecast, 2019-2026
Construction Films Market Size, Share & Industry Analysis, By Type (PP/BOPP, PET/BOPET, LLDPE, HDPE, POLYAMIDE/BOPA, PVB, PVC, LDPE, Others), By Application (Barriers & protective, Decorative, Others) Others and Regional Forecast, 2019-2026
Building & Construction Plastic Fasteners Market Size, Share & Industry Analysis, By Application (Mold Remediation, Textile, Food industry, Healthcare & Pharmaceutical, Others) and Regional Forecast, 2019-2026

About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
 Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
 US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.