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Modular Construction: Analytical Assessment, Key Drivers and Growth 2031

The modular construction market was valued at $131.1 billion in 2021, and is estimated to reach $234.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

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Modular Construction: Analytical Assessment, Key Drivers and Growth 2031

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  1. 3/13/24, 4:46 PM Modular Construction Market New Business Opportunities Press release Modular Construction Market New Business Opportunities is Expected to at a CAGR of 6.1% By 2031 10-09-2023 03:35 PM CET | Industry, Real Estate & Construction Press release from: Allied Market Research An increase in demand for prefabricated housing units, owing to reduction in construction cost & time and government initiative toward green building concept is predicted to cater to the growth of the modular construction market. Many competitors, architects, and builders are taking advantage of used shipping containers for building homes. The modular construction market was valued at $131.1 billion in 2021, and is estimated to reach $234.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. Modular Construction Market Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6339 Bene?ts associated with products through modular construction market analysis is that it is easy to install, easy to transport, offers space constraints, and provide an aesthetic look. Modular construction used in marine transportation protects from natural calamities, such as tsunami, earthquakes, and others. In addition, the manufacturers of modular construction are focusing on business expansion and new projects as strategies to increase their market share. For instance, in October 2020, SG Blocks entered into a strategic partnership with Harrison, Walker and Harper (HWH), an engineering, contracting, and industrial services ?rm. Under this alliance, HWH will become an SGB preferred partner to complete site work and installation of single-family modular homes. Similarly, in September 2020, SGB and its subsidiary, SG Residentials, entered into a partnership with Capital Plus Financial (CPF), one of the largest Community Development Financial Institutions (CDFI) in the U.S. and a subsidiary of Crossroads Systems, Inc. With this partnership, SGB aims to provide affordable modular homes at low-to-moderate-income areas across the country and Puerto Rico. In addition, increase in urban population and industrialization in developed countries, such as the U.S., Japan, France, and Canada, surges the demand for modular construction, owing to features such as space issues, movability, and easy of transport. Modular construction is compact and easy to move from one place to other, which drives the growth of the modular construction market. Inquire for Purchase Report: https://www.alliedmarketresearch.com/purchase-enquiry/6339 Top Players: The major players having signi?cant modular construction market share pro?led in the report included are ATCO, Anderco Pte. Ltd, Giant Containers Inc, Bechtel Corporation, Lendlease Corporation, SG Blocks Inc, Skanska AB, Speed House Group of Companies, Supertech Industries LLC, Fluor Corporation, and Modulaire Group. Key Findings of The Study • The report provides an extensive analysis of the current and emerging global modular construction market trends and dynamics. • By type, the permanent segment was the largest revenue generator having signi?cant modular construction market share in 2021. • By material, the steel segment generated the highest revenue in 2021. • By end user, the residential segment dominated the market in 2021. • Region wise, North America is anticipated to dominate the global modular construction market throughout the study period. Buy This Research Report @ https://www.alliedmarketresearch.com/checkout-?nal/ac914b6fdce6de16d1db1fde15cee0a0 Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 https://www.openpr.com/news/3241566/modular-construction-market-new-business-opportunities 1/2

  2. 3/13/24, 4:46 PM Modular Construction Market New Business Opportunities UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. This release was published on openPR. Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release. © 2004 - 2024 openPR. All rights reserved. https://www.openpr.com/news/3241566/modular-construction-market-new-business-opportunities 2/2

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