Global Modular Construction Market Analysis/Opportunities Report 2022-2028: Focus on End-to-End Services, Sustainability Practices, Innovative Business Models, Partnerships, & Technology Convergence
Dublin, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The "Global Modular Construction Growth Opportunities" report has been added to ResearchAndMarkets.c
Dublin, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The "Global Modular Construction Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
The global MC market is forecast to grow at a compound annual growth rate (CAGR) of 5.5% between 2022 and 2028.
The study focuses on MC that includes module types such as room, roof, wall, and window. It excludes prefabricated products such as kit sets, structures, scaffolding, frames, and formwork.
Key factors driving MC adoption are time and cost savings in construction, environmental sustainability, strong demand for housing and institutional facilities, and the construction of industrial and economic zones. The general global recovery from the COVID-19 pandemic will drive economic growth in multiple markets, which will boost construction activities and, in turn, create opportunities for MC participants.
The MC markets in North America and Europe are more advanced than the markets in Asia-Pacific (APAC) and the Rest of World (RoW). Awareness and adoption of MC are higher in North America and Europe; nonetheless, APAC and RoW are important growth regions. Residential and commercial are key end users in the global MC market. MC sales to commercial end users is attributed to the growth of certain sectors, such as hospitality, retail, and restaurants. In 2022, wood constituted 16.3% of the global MC market. By 2028, its revenue share is expected to reduce to 16.1%.
By construction type, the MC market is segmented into permanent MC and relocatable MC. MC material is categorized into wood and non-wood. By end user, the market is segmented into commercial, institutional, public and infrastructure, industrial, and residential.
The COVID-19 pandemic created a shift to and increased awareness of the use of modular buildings and construction. The healthcare industry is likely to remain a key client for the market. Furthermore, the pandemic has influenced occupants' indoor air safety requirements, and the post-pandemic era calls for more efficient construction methods in response to socioeconomic trends such as labor shortage, sustainability, and customer demand. This will require intense collaboration between MC market participants and industry participants in the construction value chain as well as cross-industry participants.
Six growth opportunities are identified in the global MC market, and they focus on end-to-end services, sustainability practices, innovative business models, partnerships, technology convergence, and customers' industry focus.
Key Topics Covered:
- Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Modular Construction (MC) Industry
Growth Opportunities Fuel the Growth Pipeline Engine
- Growth Opportunity Analysis
Scope of Analysis
Segmentation by Construction Type and Material
Segmentation by End User
Segmentation by Region
Key Competitors
Growth Metrics
Value Chain Stakeholders
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Revenue Forecast by Construction Type
Revenue Forecast Analysis by Construction Type
Revenue Forecast by End User
Revenue Forecast Analysis by End User
Material Trends and Forecast Analysis
Competitive Environment
Supplier Capability Matrix
- Growth Opportunity Analysis: North America
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Construction Type
Revenue Forecast by End User
Revenue Forecast Analysis
Material Trends and Forecast Analysis
- Growth Opportunity Analysis: Europe
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Construction Type
Revenue Forecast by End User
Revenue Forecast Analysis
Material Trends and Forecast Analysis
- Growth Opportunity Analysis: APAC
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Construction Type
Revenue Forecast by End User
Revenue Forecast Analysis
Material Trends and Forecast Analysis
- Growth Opportunity Analysis: RoW
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Construction Type
Revenue Forecast by End User
Revenue Forecast Analysis
Material Trends and Forecast Analysis
- Growth Opportunity Universe
Growth Opportunity Ecosystem
Growth Opportunity 1: End-to-end Services to Improve MC Reliability
Growth Opportunity 2: Sustainability Practices to Promote MC Use
Growth Opportunity 3: Innovative Business Models to Bring Value to MC Customers
Growth Opportunity 4: Partnerships to Boost MC Outreach
Growth Opportunity 5: Technology Convergence to Advance MC
Growth Opportunity 6: Customer's Industry Focus for Optimum MC Penetration
- Next Steps
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