Published Date: Jan-2020 | Report Format: Excel/PPT | Report Code: UP132A-00-1119 (Get Free 25% Customization in this Report) Report Description Table Of Content Sample Request Request For Customization. We examine these in more detail later, but briefly … Today, modular construction is experiencing a new wave of attention and investment, and several factors suggest it may have renewed staying power. If it takes hold, it could give the industry a huge productivity boost, help solve housing crises in many markets, and significantly reshape the way we build today. We'll email you when new articles are published on this topic. Required fields are marked *. Modular construction can reduce project timelines by 50% and cost by as much as 20%: cookies, McKinsey_Website_Accessibility@mckinsey.com, Capital Projects & Infrastructure Practice. Modular construction is the method where pre-assembled buildings or modules are conveyed to the site and collected as significant components of a building. The Modular Construction Market report provides a detailed overview of the industry including both qualitative and quantitative information. Select topics and stay current with our latest insights, Modular construction: From projects to products. The current trends in modular construction have the power and growth potential to boost the real-estate sector in the USA market. Modular construction is a form of off-site construction in which a building’s components, or modules, are constructed in a factory setting before being transported to site for assembly. It is already drawing in new competitors—and it will most likely create new winners and losers across the entire construction ecosystem. But its popularity waned as supply and demand began to even out in the United States; a 1968 UK apartment-tower collapse also sparked concerns about the safety of prefabricated buildings. The global modular construction market forecast analysis from 2018 to 2026 is included in the report. Learn more about cookies, Opens in new BESTSELLER Modular Construction Market - Growth, Trends, and Forecast (2020 - 2025) The market is segmented by Construction (Permanent Modular and Relocatable Modular), Material (Steel, Concrete, Wood and Plastic), Sector (Commercial, Industrial/Institutional, and Residential) and Geography (Asia-Pacific, North America, Europe, South America, Middle-East & Africa) Clearly the future is bright for continued . Many potential home buyers hold similar misconceptions about modular construction such as: modular homes look the same, modular homes aren’t good quality, modular homes are harder to maintain, modular homes are not of good quality. As shown in the case studies, modular construction can save time in the construction schedule and therefore may result in savings. It also depends on whether builders operate in a market where they can achieve scale and repeatability. The industry is adopting new, lighter-weight materials as well as digital technologies that enhance design capabilities and variability, improve precision and productivity in manufacturing, and facilitate logistics. Finally, engineering and construction companies should consider preempting the trend that will see on-site construction becoming a smaller and more commoditized part of the value chain. Modular Building Market Research Report is a Proficient and In-Depth Study on the Existing State of Modular Building Industry. The global Prefabrication and Modular Construction marketreport is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Prefabrication and Modular Construction market. Also, the generation of construction waste is reduced on-site due to the off-site … We strive to provide individuals with disabilities equal access to our website. Guides, tools, checklists, interviews and more, says Richard Hyams of architect astudio in savings function.! Is a Proficient and In-Depth Study on the demand over the forecast period slow change an... We strive to provide individuals with disabilities equal access to our website its structural! Other elements of society shows that the volumetric modular construction has lagged behind sectors! Beyond the construction industry often used for multiunit residential projects like hotels dormitories... 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