Modular construction market size will increase by USD 27.01 billion | ATCO Ltd. and Bechtel Corp. among the main suppliers

the modular construction market the size should increase by $ 27.01 billion from 2020 to 2025. Moreover, the market is expected to exhibit an annual growth rate of 8.97%.

Highlights of market segmentation

  • By type, the modular construction market has been segmented into two segments, namely permanent and relocatable.
  • The permanent segment is expected to experience significant growth in its market share during the forecast period.

Regional analysis

  • By geography, the market has been segmented into five regions, namely North America, Europe, APAC, MEA and South America.
  • 28% of growth will come from North America.
  • United States is a key country for the modular construction market in North America.
  • North America has registered a significant growth rate and is expected to provide several growth opportunities for the market vendors during the forecast period.
  • the adoption of lean production techniques drive the growth of the modular construction market by North America during the forecast period.

For additional information regarding the contribution of each segment of the modular construction market, View our free sample report now

Key suppliers and their offerings

The supplier landscape of the modular construction market involves successful business strategies deployed by the suppliers. Suppliers deploy various organic and inorganic growth strategies to compete in the market.

  • ATCO Ltd. – The company offers modular buildings such as workforce housing, multi-family residential housing, classrooms and dormitories.
  • Bechtel Corp. – The company offers modular buildings for energy and industrial construction.
  • MODULAR BUILDINGS SPACE DESIGN INC. – The company offers offices, toilets, conference rooms under modular construction.
  • Fluor Corp. – The company offers modular constructions in the fields of energy and chemicals, energy, mining and metals, advanced technology and life sciences, construction and rigging requirements.
  • KLEUSBERG GmbH and Co KG – The company offers flexible construction, maintenance-free designs and materials of modular buildings.

Remarks:

  • Modular construction market size is expected decelerate to a CAGR of 6.40% during the forecast period.
  • The market is fragmented due to the presence of many suppliers with significant market shares.
  • The research report offers information on several vendors of the market, including ATCO Ltd., Bechtel Corp., DESIGN SPACE MODULAR BUILDINGS INC., Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp., Modulaire Group, Red Sea International Co and Skanska AB

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Associated reports:

  • Construction Scaffold Rental Market by Product, Application, End User, and Geography – Forecast and Analysis 2021-2025: The size of the construction scaffold rental market is expected to grow by $ 2.61 billion and registers a CAGR of 5.51% from 2020 to 2025. Download a free sample report now
  • Building Glass Market by End User and Geography – Forecast and Analysis 2021-2025: The value of the building glass market is expected to increase by $ 31.29 billion at a CAGR of 5.57% from 2020 to 2025. Download a free sample report now

Scope of the modular construction market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Decelerate to 6.40% CAGR

Market growth 2021-2025

$ 27.01 billion

Market structure

Fragmented

Annual growth (%)

8.97

Regional analysis

North America, Europe, APAC, MEA and South America

Efficient contribution to the market

North America at 28%

Main consumer countries

United States, Afghanistan, Germany, France and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

ATCO Ltd., Bechtel Corp., DESIGN SPACE MODULAR BUILDINGS INC., Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp., Modulaire Group, Red Sea International Co and Skanska AB

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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