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Modular & Prefabricated Construction Market

Modular & Prefabricated Construction Market is anticipated to witness significant growth during 2023-2032

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Modular & Prefabricated Construction Market

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  1. Modular & Prefabricated Construction Market Size, Opportunities, Trends, Share, Revenue Analysis Till 2032 Modular & Prefabricated Construction Market is anticipated to witness significant growth during 2023-2032 owing to the rising adoption of modular construction in the hospitality sector. Prefabricated construction supports construction of various building components in a factory-controlled setting before being delivered to the site for assembly and finishing. Several benefits of prefabricated construction includes modern construction solutions, high-speed construction, consistent quality, safety and security, and environmental friendliness. Overall, the modular & prefabricated construction industry is segmented in terms of type, material, application, and region. Get sample copy of this research report @ https://www.gminsights.com/request- sample/detail/4829 Based on type, the permanent modular and prefabricated construction segment is anticipated to gain positive traction in the ensuing years as prefabricated buildings offer numerous benefits to manufacturers, contractors, and end-users. Hefty investments in the construction of permanent modular and prefabricated buildings would add to the segmental growth prospects. For instance, the Victorian School Building Authority recently unveiled the Permanent Modular School Program with a budget of $2.5 billion to improve school infrastructure. By material, the concrete segment is anticipated to be valued at over USD 35 billion by 2032. Concrete is said to be suitable for all types of buildings, regions prone to tornadoes, and seismic areas. Besides, concrete is one of the popular materials used for diverse construction applications, and positive attributes such as strength, durability, reflectivity, and versatility. Considering the application, the single-family residential segment is anticipated to depict over 6.5% CAGR during 2023-2032. The segmental growth will be driven by the rising construction of single-family homes. It should be noted that the demand for single-family home construction increased unexpectedly during COVID-19 as interest rates fell substantially. Regionally, the North America modular & prefabricated construction industry is anticipated to grow considerably through 2032. A constantly increasing number of infrastructure projects, such as corporate buildings, healthcare facilities, modern housing centers, educational institutes, etc., is anticipated to influence market expansion in the region. In addition, the presence of leading market players that are constantly engaging in strategic initiatives such as mergers & acquisitions, partnerships, and product launches, will also positively influence industrial expansion. For instance, in 2021, Aries Building Systems, one of the leading modular space providers based in the USA, acquired Jobsite Mobile Offices, a well-recognized premiere mobile office. With the acquisition of Jobsite Mobile Offices, Aries plans to continue © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

  2. providing its current clients with excellent service while expanding its clientele in the Midwest region. Moreover, it is looking forward to exploring new possibilities and the opportunity of enduring progress. Request for customization @ https://www.gminsights.com/roc/4829 Table of Contents (ToC) of the report: Chapter 1 Methodology & Scope 1.1 Scope and definitions 1.2 Methodology & forecast parameters 1.3 COVID-19 impact calculations on industry forecast 1.3.1 North America 1.3.2 Europe 1.3.3 Asia Pacific 1.3.4 Latin America 1.3.5 Middle East & Africa 1.4 Regional trends 1.5 Data sources 1.4.1 Primary 1.4.2 Secondary 1.6 Industry glossary Chapter 2 Executive Summary 2.1 Modular & prefabricated construction market 360º synopsis, 2018 – 2032 2.1.1 Business trends 2.1.2 Type trends 2.1.3 Material trends 2.1.4 Application trends 2.1.5 Regional trends © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

  3. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/modular-and-prefabricated- construction-market About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email:sales@gminsights.com © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

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