The "Modular Construction - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 7th edition of this report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Modular Construction Market to Reach US$141.4 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Modular Construction estimated at US$95.1 Billion in the year 2020, is projected to reach a revised size of US$141.4 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027.
Permanent, one of the segments analyzed in the report, is projected to grow at a 4% CAGR to reach US$49.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Relocatable segment is readjusted to a revised 6.9% CAGR for the next 7-year period. This segment currently accounts for a 60.6% share of the global Modular Construction market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 9.1% CAGR for the Period of 2020-2027
The Modular Construction market in the U.S. is estimated at US$27.5 Billion in the year 2020. The country currently accounts for a 28.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$25.9 Billion in the year 2027 trailing a CAGR of 9.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$25.9 Billion by the year 2027.
Competitors identified in this market include, among others:
Algeco Scotsman, Inc.
Alta-Fab Structures Ltd.
Art's Way Manufacturing Co., Inc.
CIMC Modular Building Systems Holdings Co. Ltd.
Clayton Building Solutions
Guerdon Enterprises LLC
Horizon North Logistics Inc.
J. D. Irving
KLEUSBERG GmbH & Co. KG
KOMA Modular s. r. o.
Kwikspace Modular Buildings
Lendlease Corporation Limited
Modular Space Corporation
Red Sea Housing Services
Wernick Group (Holdings) Ltd.
Westchester Modular Homes Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Modular Construction Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 63
For more information about this report visit https://www.researchandmarkets.com/r/1b2ter
View source version on businesswire.com: https://www.businesswire.com/news/home/20201102005653/en/
Laura Wood, Senior Press Manager
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