Product ID: SQMIG20C2036
Global Modular Construction Market Size, Share, Growth Analysis, By Type(Volumetric Module and Panelized Module), By Application(Commercial and Residential), By Material(Wood, Steel) - Industry Forecast 2024-2031
Report ID:
SQMIG20C2036 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|
Tables:
87 |
Figures:
76
Global Modular Construction Market Regional Insights
North America dominated the global modular construction market due to its established infrastructure and the growing demand for sustainable construction practices. The United States is the largest market in the region, with significant growth potential in the commercial and residential sectors. The increased adoption of modular construction in the country is driven by factors such as reduced building time, lower costs, and the ability to meet environmental standards.
On the other hand, the APAC region is the fastest-growing market for modular construction, driven by factors such as rapid urbanization and industrialization, rising construction activities, and government initiatives to promote sustainable construction practices. China is the largest market in the region, followed by Japan and India. The commercial sector in the region is growing rapidly, with increasing investments in infrastructure, such as airports, railways, and highways, leading to significant demand for modular construction.
Global Modular Construction Market Report Snapshots
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