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20 Report?The analysts forecast global prefabricated construction market to grow at a CAGR of 6.56% during the period 2016-2020. Prefabricated construction is one of the most widely used modern methods of constructions (MMC) in the world as of 2015. It is a method of construction in which the components of any building or structure are fabricated in a specific manufacturing facility and then installed on the construction site."