Dublin, April 30, 2019 (GLOBE NEWSWIRE) -- The "Global Modular Construction Market By Material (Steel, Precast Concrete, Wood, Plastic & Others), By Type (Permanent & Relocatable), By End User (Residential, Retail, Office, Hotel, Education & Others), Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.

The global modular construction market was valued at $102 billion in 2018 and is projected to grow at a CAGR of over 5.5% to surpass $142.5 billion by 2024, owing to the rising demand for complex structures at affordable rates along with rapid urbanization and industrialization.

Spending on infrastructure is a major driver for the global modular construction market. It is anticipated that the spending on infrastructure and capital projects would grow significantly over the next few years. India, China and other countries in Asia-Pacific are investing considerably in the infrastructure market.

Moreover, modular construction reduces build time by 30-50%. The process is cost-effective due to less labor involved in on-site activities. Thus, the need for time saving construction methods is widening the growth scope of the global modular construction market.

In terms of material, the global modular construction market is categorized into steel, precast concrete, wood, plastic, aluminium and others. Of all, precast concrete captured majority of the global modular construction market in 2018 and is expected to continue its dominance throughout forecast period as well. The category is also predicted to witness the fastest growth during forecast period.

The global modular construction market has several manufacturers, with moderate competition. Most manufacturers target Asian countries including India and China, wherein the construction industry is bolstering. Some of the leading players in the global modular construction market are ACS Group, Skanska AB, Taisei Corporation, Lendlease Corporation, Balfour Beatty plc., L&T among others.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study

• To analyze and forecast the global modular construction market size.
• To classify and forecast the global modular construction market based on material, type, end-user and regional distribution.
• To identify drivers and challenges for the global modular construction market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global modular construction market.
• To conduct pricing analysis for the global modular construction market.
• To identify and analyze the profile of leading players involved in the global modular construction market.

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1 Factors considered while selecting a supplier
4.2 Product awareness and applicability & usage analysis
4.3 Challenges/issues faced post purchase
4.4 Unmet needs

5. Global Modular Construction Market Outlook
5.1 Market Size & Forecast
5.1.1. By Value & Area
5.2 Market Share & Forecast
5.2.1. By Material (Steel; Precast Concrete; Wood; Plastic; Aluminium; Others)
5.2.2. By Type (Permanent; Relocatable)
5.2.3. By End User (Residential; Retail; Office; Hotel; Education; Healthcare; Industrial; Others)
5.2.4. By Region (Asia-Pacific; Europe; North America; South America; Middle-East & Africa)
5.2.5. By Company (2018)
5.3 Market Attractiveness Index (By Material; By Type; By End User)

6. Asia-Pacific Modular Construction Market Outlook

7. North America Modular Construction Market Outlook

8. Europe Modular Construction Market Outlook

9. Middle East and Africa Modular Construction Market Outlook

10. South America Modular Construction Market Outlook

11. Market Dynamics
11.1 Drivers
11.2 Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1 Competition Outlook
13.2 Company Profiles
13.2.1. Basic Details
13.2.2. Financials (As reported)
13.2.3. Supply Chain Analysis
13.2.4. Key Market Focus and Geographical Presence
13.2.5. Planned Investments
13.2.6. Pricing of Target Products
13.2.7. Market positioning
13.3 Global Players Profiled (Leading Companies)
13.3.1 ACS Group
13.3.2 Skanska AB
13.3.3 Taisei Corporation
13.3.4 Lendlease Corporation
13.3.5 Balfour Beatty plc
13.3.6 L&T
13.3.7 ATCO
13.3.8 Algeco Scotsman Inc.
13.3.9 Red Sea Housing Services Company FZE
13.3.10 VINCI S.A.

For more information about this report visit https://www.researchandmarkets.com/r/wh82kq

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Related Topics: Construction, Building Materials