China Modular Construction Market Size

SkyQuest Technology's China modular construction market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global China Modular Construction Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

China Modular Construction Market Insights

Market Overview:

The Chinese modular construction market, valued at USD 15.45 billion in 2022, is expected to experience significant growth. Projections indicate that it will reach USD 24.92 billion by 2030, with a compound annual growth rate (CAGR) of 6.3% during this period. This growth can be attributed to China's rapidly expanding economy and the government's substantial investments in the construction sector. With the construction industry flourishing, China has been facing rising labor and operational costs. To address these challenges and reduce construction timelines, the adoption of prefabricated construction methods has gained prominence in China over the past two decades.

China Modular Construction Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction & Engineering by segment aggregation, the contribution of the Construction & Engineering in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for China Modular Construction was estimated to be valued at US$ XX Mn in 2021.

The China Modular Construction Market is estimated to grow at a CAGR of XX% by 2028.

The China Modular Construction Market is segmented on the basis of Type, Material, Application.

Based on region, the China Modular Construction Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the China Modular Construction Market are Ark Prefab Co., Ltd. , Atlantic Modular System, China State Construction, CIMC Modular Building Systems, GS Housing, Hangxiao Steel Structure, Kong Sing Building Co., Ltd., Ningbo Deepblue Smart House Co., Ltd., Shanghai Haisheng Special Metal Box Co., Ltd., Zhejiang Putian Integrated Housing Co., Ltd..

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China Modular Construction Market
China Modular Construction Market

Report ID: UCMIR20C2044

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