BANGALORE, India, April 2, 2020 /PRNewswire/ -- The Global Modular Construction Market size is projected to rise at a compound annual growth rate (CAGR) of 7.03 percent from USD 98365.84 million in 2018 to USD 158357.45 million by the end of 2025.
Investment in infrastructure and industrialization are the major factors that are primarily attributable to the growth of the global modular construction market. Because of the increasing focus on productivity, quality, and occupational health, the market is expected to experience a renewed interest from the building & construction industry. Factors such as mobility and lack of knowledge and marketing across the supply chain, however, can impede growth in the industry over the forecast period.
The study offers in-depth information on lucrative emerging markets and analyzes the global modular construction market dynamics. The report also provides a detailed assessment of the market positions, strategies, products, and manufacturing capabilities of the leading players in the global modular construction market.
TRENDS INFLUENCING THE MODULAR CONSTRUCTION MARKET SIZE
REGION WISE MODULAR CONSTRUCTION MARKET SHARE ANALYSIS
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On the basis of Material, the Global Modular Construction Market is studied across
On the basis of Module, the Global Modular Construction Market is studied across
On the basis of Type, the Global Modular Construction Market is studied across
On the basis of End User, the Global Modular Construction Market is studied across
"Atco the potential growing player for the Global Modular Construction Market"
On the basis of key players, the Global Modular Construction Market is studied across
Prefabricated Bathroom Pod Market size is expected to reach USD 1131.02 Million by 2025, growing at a CAGR of 5.67%.
A prefabricated bathroom pod is a project-specific manufactured unit built in a factory. They are designed and built according to specific requirements. Bathroom pods provide trouble-free construction compared to a traditional bathroom and require easy installation. These toilets are ideal for outdoor activities such as temporary military camps, adventure camps, and toilets set up in the room already built.
Overall demand for Prefabricated Bathroom Pods is driven by a variety of factors, including demand for design standardization and fast-track construction, an increase in the number of sites where space is constrained, and increased competition in the major end-user markets.
The global precast construction market size in 2015, estimated at USD 12133 million, is expected to rise at a CAGR of 6.3 percent to reach USD 185232 million by 2022.
Precast Construction technology uses concrete and other construction material for casting and curing in a controlled environment at the manufacturing site. Such prefabricated construction components are then transported and assembled at the construction site venue. Precast construction technology is used to render custom-designed components such as columns, slabs, walls, staircases, girders, and others.
Modular buildings are prefabricated homes composed of repetitive parts called modules. "Modular" is a method of construction that involves building sections away from the building site and then delivering them to the intended site. Rising demand for affordable housing, coupled with growing investment in healthcare and commercial infrastructure development, is expected to have a positive effect on Modular Building market size.
This Modular Building Market Report focuses on the volume and value of Modular Building at global, national, and company levels. The study reflects the overall size of the Modular Building industry from a global perspective by evaluating historical data and future prospects.
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