The Global Modular Construction Market size was USD 129.6 Billion in 2021 and is expected to register a revenue CAGR of 6.07% during the forecast period. It studies the existing market scenario by evaluating crucial aspects influencing the growth of the Modular Construction sector. By examining the data collected from primary and secondary methodologies, the Modular Construction Market Report predicts the future progress of the Modular Construction market based on accurate estimations. Furthermore, the Modular Construction market report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective strategies. The Modular Construction market report also applies analytical tools such as SWOT Analysis and Porter’s Five Forces Analysis to study key factors of the Modular Construction Market.
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Market Overview:
The world has altered dramatically. That has been taken care of by the novel coronavirus. The overwhelming first priority has been to protect and stabilize operations, liquidity, personnel, supply chains, and markets. Now is the time for businesses to start strategizing about how they will react as the epidemic and market conditions change.
COVID-19 has had a disastrous impact on the global economy, disrupting supply lines and shutting off demand, in addition to impacting countless lives. Many countries' electricity demand has decreased greatly, and the market for transportation fuel has dropped dramatically since flights have been grounded and movement has been restricted.
Even for those who believe they can foresee when the storm will pass, relying on a rapid return to normalcy is not a viable plan. Even if there is a quick V-shaped recovery, the impact of the pandemic on previous expectations and future behavior cannot be overlooked. A longer L-shaped recession or a slower U-shaped recovery will have much more serious consequences. Whatever course is chosen, the world will be changed, and businesses must prepare for a new normal.
It will be critical for organizations in the energy, utilities, and resources sectors to combine good scenario planning with an evaluation of how various events may affect their business in the short, medium, and long term. Regardless of the scenario, there are a number of issues that will influence strategic thinking.
Leading manufacturers profiled in the report are:
- Laing O'Rourke
- Red Sea Housing Services
- Bouygues Group
- Vinci SA
- Algeco Scotsman
- Kleusberg GmbH & Co. KG
- CIMC Modular Building Systems
- Larsen & Toubro
- Balfour Beatty
- ACS Group
- Guerdon Modular Buildings
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Market Segmentation
Type Outlook (Revenue, USD Billion; Volume, Million Square Feet; 2019-2030)
- Permanent
- Relocatable
End-Use Outlook (Revenue, USD Billion; Volume, Million Square Feet; 2019-2030)
- Residential
- Commercial
- Industrial
- Education and Healthcare
Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Modular Construction Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Modular Construction market.
The market research report gives a broad coverage of the global business and prominent segments. The scope of the study includes major regional markets and product-specific categorization for a more detailed analysis. The study also assesses key trends in detail.
Key point summary:
- Report Coverage: It includes information pertaining to vendors, product offerings in the global Modular Construction market, report timeline, and objectives of the study. Furthermore, this section highlights market segments included in the report based on types, applications, end-user industries, and regions.
- Executive Summary: It offers extensive historical analysis, competitive landscape, regional analysis, CAGR, key trends, drivers, constraints, growth opportunities, risks, as well as other micro- and macro-economic indicators.
- Company Profiles: This section gives extensive profiles of the dominant players in the Modular Construction sector on the basis of their value, volume, production capacity, product portfolios, and other vital aspects.
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