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Jun 18, 2019 · Our new report, Modular construction: From projects to products, dives deeper into the issues. In broad terms, modular construction involves producing standardized components of a structure in an off-site factory, then assembling them on-site. Terms such as “off-site construction,” “prefabrication,” and “modular construction” are ...
- Covid-19 Impact
- Latest Trends
- Driving Factors
- Restraining Factors
- Segmentation
- Regional Insights
- Key Industry Players
- Key Industry Developments
- Report Coverage
COVID-19 Impeded the Opportunities for New Construction Activities COVID-19 has caused considerable economic damage. Nationwide lockdowns have halted construction and impacted this labor-intensive sector as migrant workers leaving the labor colonies at construction sites are critically hampering construction activities worldwide. As per the study b...
Request a Free sampleto learn more about this report. Smart Manufacturing Technology Deployment to Enhance Product Demand Modular building is one of the most well-known businesses today pursuing agile approaches to optimize overall operational operations. Permanent modular construction (PMC) is a construction method that uses off-site manufacturing...
Increasing Infrastructure Investments in Fast-Growing Economies to Propel the Market Development Increasing infrastructure investments owing to the rise in industrialization and urbanization in developing economies such as India, Vietnam, and China are expected to drive the market growth. Besides, rising commercial space investments are expected to...
Rising Offsite Manufacturing Investments & Financial Crisis Hinders the Market Growth Modular construction is strongly associated with offsite manufacturing that requires huge investments and long-term returns and needs stable market growth. Project pre-planning is one of the key restraints in the modularization process, as it may lead to extensive...
By Type Analysis
PMC Holds a Major Market Share Owing to Its Cost Effectiveness By type the market is divided into permanent modular construction (PMC) and relocatable modular construction. PMC holds the largest market share and is the fastest-growing market segment. The PMC module can be retrofitted to the existing building or delivered as a turn-key solution with time and cost-efficiency. Relocatable modular construction is expected to grow progressively as temporary housing for emergency and relief operati...
By Material Analysis
Concrete Segment Dominated Global Market in 2022, due to the Increasing Need for Road Infrastructure By material type, the market is divided into concrete, steel, and wood. Concrete segment generated prominent revenue in 2022. It is due to the increasing demand for concrete materials from the road and highway infrastructure industry. Furthermore, the wood segment shows the highest CAGR during the forecast period due to the rising demand for antique multi-storey wooden and bamboo houses. Howev...
By Application Analysis
To know how our report can help streamline your business, Speak to Analyst Commercial Application To Be The Fastest Growing Segment Due To Rising Number Of Start-Ups On the basis of application, the market is divided into commercial, healthcare, educational & institutional, hospitality, and others (residential, etc.). The rising number of start-ups in developing economies is resulting in the growth of the commercial sector. In December 2022, As per the research published in Financial Express,...
To get more information on the regional analysis of this market, Request a Free sample The Asia Pacific region is expected to grow the fastest modular construction market share over the forecast period. Increasing construction activities owing to the rising demand from the residential and commercial sectors is expected to drive the regional market....
KEF Partners with Katerra to Bolster Market Position and Growth The key manufacturers in this market are focusing on mergers and acquisitions. For instance, KEF Katerra is a joint venture of Katerra and KEF Infra to enhance their capabilities and offerings and expand their geographic reach. Furthermore, they are trying to find solutions to provide ...
August 2021: SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet ro...July 2021:Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisi...January 2021: Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular...January 2020: Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily prope...To get information on various segments, share your queries with us The modular construction market report provides an in-depth analysis of the market dynamics and competitive landscape. It provides key insights, including recent industry developments in the market, such as mergers & acquisitions, macro and microeconomic factors, SWOT analysis, and ...
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Apr 26, 2023 · To address this need to shift the focus from firm-level business model innovations, this study argues for the applicability of project-based business models (BM) when studying construction projects to increase the sustainability of construction solutions.
- Luxury HomeBuilding. Construction is a profitable industry, and luxury homebuilding is one of the best construction business ideas for 2022. Luxury homes are always in high demand, so building them is a great idea.
- Prefabricated Home Construction. Prefabricated homes, such as MODULAR HOMES and custom-built manufactured homes, are some of the best Construction Business Ideas that not only yield higher profit margins but also help with efficiency and time management.
- Tiny Home Construction. A variety of construction businesses can provide huge profits for the construction worker. One of these is tiny home construction.
- Passive Home Construction. One profitable construction business idea that has been growing in popularity is passive home construction. Passive home construction allows builders and developers to capitalize on higher margins generated by this specialized niche.
Apr 5, 2022 · Prefabrication has been generating increasing interest as a cleaner production strategy to promote sustainable development. Alongside this trend, various subsidies have been set to improve prefabrication levels. This paper evaluates the prefabrication levels of buildings through the assembly rate.
- Qiang Du
Apr 22, 2019 · Prefabricated housing is a disruptive innovation struggling to take hold in a traditional complex product system (CoPS). It is quicker to produce and has improved environmental performance compared to traditional housing. CoPS have more dense and complex network connections than commodity industries, making disruptive innovation more difficult.
May 29, 2017 · Browse the Catalog. Prefab elements influence the time and efficiency of the site construction, besides making it more sustainable. Learn more on 10 examples that use them.