According to a new report published by Allied Market Research, titled, “Modular Construction Market,” 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. An increase in demand for prefabricated housing units, owing to reduction …
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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. Benefits 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 …
Continue reading “Modular Construction Market Expected to Reach $234.7 Billion by 2031”
The global modular construction market size was valued at $114.6 billion in 2018, and is projected to reach $196.2 billion by 2026, growing at a CAGR of 7.1% from 2019 to 2026. In 2018, by type, the permanent segment accrued the largest share in the market owing to the factors such as inexpensive, and simple …
According to the report, the global modular construction market garnered $114.6 billion in 2018, and is estimated to garner $196.2 billion by 2026, witnessing a CAGR of 7.1% from 2019 to 2026. Drivers, restraints, and opportunities High-efficiency rise in construction activities and an increase in urbanization & industrialization in developing nations drive the growth of the global …
