The recent analysis by Report Ocean on the Global Modular Construction for High Rise Buildings Market Report 2022 revolves around various aspects of the market, including characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, strategies, etc. It also includes COVID-19 Outbreak Impact, accompanied by traces of the historic events. The study highlights the list of projected opportunities, sales and revenue on the basis of region and segments. Apart from that, it also documents other topics such as manufacturing cost analysis, Industrial Chain, etc. For better demonstration, it throws light on the precisely obtained data with the thoroughly crafted graphs, tables, Bar & Pie Charts, etc.
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Modular construction in high-rise buildings market basically refers to the permanent modular construction (PMC) that comes in the form of modules such as bathroom modules, kitchen modules, and room modules, used in the high-rise building construction. Increasing FDI in construction in Asia-Pacific region, supportive government regulations and policies, establishment of SEZs, and minimized construction wastage, are expected to have a positive impact on the modular construction for high-rise buildings market. However the market growth is hampered by fluctuating raw material prices, additional cost, and availability of skilled labor.
The global modular construction for high-rise buildings market is expected to grow at 5.60% CAGR during the forecast period, 2017-2023. In 2016, the market was led by Europe with 41.13% share, followed by Americas and Asia Pacific with shares of 29.42% and 16.23%, respectively.
The global modular construction for high-rise buildings market has been segmented based on material, building height, module type, and region. Of all the material, steel accounted for the largest market share of 40.31% in 2016, with a market value of USD 1,311.7 million, which is projected to grow at the highest CAGR of 5.82% during the forecast period. Based on building height, Upto 70 meters segment accounted for the largest market share of 42.76% in 2016, with a market value of USD 1,391.5 million, which is projected to grow at the highest CAGR of 5.69%. On the basis of module type, bathroom pods are expected to show the highest growth of 5.79% during the forecast period.
Scope of the Report:
This comprehensive analysis delves into the effects of COVID-19 on the worldwide market, offering insights from both a global and regional viewpoint. The financial landscape of the industry saw a valuation of millions in 2022, which surged to its peak in 2023, and is projected to achieve another pinnacle by 2031, demonstrating a remarkable compound annual growth rate (CAGR) for the period between 2023 and 2031. The study places a strong emphasis on a detailed market assessment of the impact of COVID-19, presenting strategic response plans tailored to diverse regions, including North America, Europe, China, and Japan.
Some Important Questions Answered in Market Report:
- What will be the market growth rate, overview, and analysis by type in 2031?
- What are the primary factors influencing market dynamics?
- What are the drivers, challenges, and business risks in the market?
- What are the overall market dynamics? Does the overview include scope analysis and price analysis of key manufacturer profiles?
- What are the opportunities, risks, and driving forces in the market?
- Who are the main manufacturers in the market?
- What factors are driving and limiting this industry?
- What are the conditions for market growth?
- What are the industry opportunities and segment risks faced by major vendors?
- What are the strengths and weaknesses of the main providers?
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