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Europe modular construction market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.3% in the forecast period of 2023 to 2030 and is expected to reach USD 28,431,693.42 thousand by 2030.
Some of the prominent participants operating in the Europe modular construction market are LAING O’ROURKE, Skanska, Modulaire Group, KLEUSBERG, Bechtel Corporation, Fluor Corporation, Wernick Group, KOMA MODULAR, and Elements Europe among others.
Market Overview
Modular construction is a process in which a building is constructed off-site. The building is constructed under controlled conditions using the same design and materials to the same codes and standards as usually built facilities but in around half the time. Buildings are manufactured in "modules" that when put together on site, and specifications of the most sophisticated site-built facility reflect identical design intent without compromise.
OPPORTUNITIES
- Rise in Investments and Growing Demand for New Housing, Commercial, and Industrial Structures
The industrialists shifted in preference towards maximizing modular design constructed to create affordable housing. In addition, the real estate sector is among the most globally recognized sectors. It comprises four sub-sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment, the demand for office space, and urban and semi-urban accommodation. Therefore, the real estate sector has witnessed high growth in recent times with a rise in demand for office and residential spaces.
- Renewed Focus on Upgrading Healthcare Infrastructure
Modular construction provides clean and noise-free construction, one factor that the healthcare industry is shifting its preference to modular construction for facility space expansion. Most of the buildings are done off-site because the modules are constructed in a manufacturing facility, so there will be less noise at the medical facility, and the patients will face no disturbance. More than ever, owners of hospitals and other healthcare facilities are turning to modular construction for their expansion needs.
Highlights of TOC :
Chapter 1: Europe Modular Construction Market Overview
Chapter 2: Study Assumption
Chapter 3: Scope of the Study
Chapter 5 : Analysis Methodology
Chapter 6: Research Phases
Chapter 7: Competition by Manufacturers
Chapter 8: Current Market Scenario
Chapter 9: Value Chain/Supply Chain Analysis
Chapter 10: Government Regulations and Initiatives
Chapter 11: Production, Revenue (Value) by Region
Chapter 12: Supply (Production), Consumption, Export, Import by Regions
Chapter 13 : Market Drivers
Chapter 14 : Market Restraints/Challenges
Chapter 15: Market Opportunities
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