The global Modular Construction market is valued at $44,471.96 million in 2020 and the market is expected to record a CAGR of over 12% over the forecast period (2021-2027).
The market has been negatively impacted by COVID-19 in 2020. Given the pandemic scenario, construction activities were temporarily suspended during the closure period, negatively impacting demand for education, housing, airports, and other markets under investigation. However, the demand for hospital and patient bed facilities based on modular structures has increased significantly during the peak of the epidemic, as the completion time required for this type of construction is very small.
A full report of Modular Construction Market available at https://www.orionmarketreports.com/modular-construction-market/10828/
Modular Construction Market: Segmentation
Based on type:
• Permanent
• Relocatable
• Based on the Material:
• Steel
• Wood
• Concrete
Based on the Module:
• Four-sided
• Open-sided
• Partially open-sided
• Mixed modules & floor cassettes
• Modules supported by a primary structure
• Others
Based on the End-Use Sector:
• Residential
• Office
• Education
• Retail & Commercial
• Hospitality
• Healthcare
• Others
Major Players
• Katerra
• Skanska
• Bouygues Construction
• Balfour Beatty
• TAISEI CORPORATION
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
