The Business Research Company’s global modular and prefabricated nonresidential building construction market report expands on key drivers, trends, and growth opportunities in the market.
LONDON , Sept. 21, 2022 /PRNewswire/ — 3D printing technology is gaining popularity in the modular and prefabricated nonresidential building construction market trends. Modular and prefabricated nonresidential building construction companies are using 3D construction printing for creating construction components or to ‘print’ entire buildings. A construction 3D printer is a machine that can build facilities by depositing a material (concrete, for example) layer by layer. Concrete 3D printing, or “Construction 4.0”, is a similar 3D printing technology to the one that Fused Filament Fabrication uses. Paste-type material, such as concrete or earth materials, is pushed through a nozzle in layers to print buildings in 3D. For instance, the National Fire Protection Association’s Cheniuntai company is one of several that are already using 3D printers to construct houses, office buildings, and other structures worldwide.
The global modular and prefabricated nonresidential building construction market size is expected to grow from $62.57 billion in 2021 to $67.04 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The modular and prefabricated nonresidential building construction market growth is expected to reach $88.20 billion in 2026 at a CAGR of 7.1%.
Request a free sample of the Modular And Prefabricated Nonresidential Building Construction Market Report
Increasing Infrastructure Development – A Major Driver For The Modular And Prefabricated Nonresidential Building Construction Market
Increasing infrastructure development is expected to drive the growth of the modular and prefabricated building system market during the forecast period. Modular construction involves producing standardized components of a structure in an off-site factory, then assembling them on-site. For instance, in September 2021, according to India Brand Equity Foundation data, an India based Department of Commerce, Ministry of Commerce and Industry, the Indian government announced road projects worth Rs. 1 lakh crore (US$ 13.48 billion) to develop road infrastructure in Jammu and Kashmir.
Asia-Pacific Was The Largest Region In The Modular Construction Industry
Asia-Pacific was the largest region in the modular and prefabricated nonresidential building construction market and was worth $27060.5 million in 2021. The modular and prefabricated nonresidential building construction market in Asia-Pacific is supported by government initiatives and by increasing investments in the countries of the region. For instance, in March 2022, Horizon Industrial Parks, which has a portfolio of logistics parks in India owned and managed by Blackstone Real Estate funds, is looking to expand its presence across key southern markets apart from tapping smaller cities. The company plans to invest more than INR 2,000 million ($260 million) to build 9 million sq ft of logistics facilities across South India over the next few years.
Willscot Mobile Mini Holdings Corp Was The Largest Competitor In The Modular And Prefabricated Nonresidential Building Construction Market
WillScot Mobile Mini Holdings Corp was the largest competitor in the modular and prefabricated nonresidential building construction market in 2021, with a 0.93% share of the market. WillScot’s growth strategy focuses on strengthening its business operations through strategic mergers and collaborations. For instance, in July 2020, WillScot Corporation merged with Mobile Mini, Inc., and the combined company was named WillScot Mobile Mini Holdings Corp. Through this merger, WillScot offers a broad portfolio of modular space and portable storage solutions to its customers across North America. In addition, it also aims to create a more diverse and stronger company that is better positioned for the future.
See more on the Modular And Prefabricated Nonresidential Building Construction Market Report
Check out similar market reports:
3D Printing Building Construction Global Market Report 2022 – By Construction (Modular, Full Building), By Process (Extrusion, Powder Bonding), By Printing Material (Concrete, Plastic, Metal, Hybrid), By End User (Residential , Commercial, Industrial) – Market Size, Trends, And Global Forecast 2022 – 2026
Nonresidential Building Construction Market 2022 – By Type (Institutional Buildings, Commercial Buildings), By End-User Sector (Private, Public), By Building Type (Non-Residential Smart Buildings, Traditional Buildings) – And By Region, Opportunities And Strategies – Global Forecast To 2031
Multifamily Modular And Prefabricated Housing Construction Global Market Report 2022 – By Type (Permanent, Relocatable), By Material (Steel, Precast Concrete, Wood, Plastic)- Market Size, Trends, And Global Forecast 2022 – 2026
Interested to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The World’s Most Comprehensive Database
The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/
Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg
View original content:https://www.prnewswire.com/news-releases/the-use-of-3d-printing-technology-is-rising-in-the-modular-and-prefabricated-nonresidential-building-construction-market-301627055.html
SOURCE The Business Research Company
KEY WORDS “I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.
Dividends can be used to create passive income in an investment portfolio or grow wealth over the long term through reinvestment. Knowing how to live off dividends may be central to your retirement planning strategy if you want to avoid … Continue reading → The post How Much Do You Need to Live Off Dividends? appeared first on SmartAsset Blog.
Today, with the stock market in meltdown mode, it’s natural to look back at other times of financial woe. The market environment in the 1970s can be particularly instructive.
These highly innovative and differentiated companies are ripe for the picking following a peak plunge of 34% in the Nasdaq Composite.
Goldman finally decided to stop fighting the Fed and no longer sees the index finishing the year at 4300.
In this article, we discuss the 11 best commodity stocks to invest in. If you want to read about some more commodity stocks, go directly to 5 Best Commodity Stocks To Invest In. Macroeconomic concerns have been clouding the commodities market in the past few days after the Federal Reserve in the United States hiked […]
AT&T (NYSE: T) and IBM (NYSE: IBM) both underwent dramatic transformations over the past year. AT&T divested DirecTV, merged WarnerMedia with Discovery to create Warner Bros. Discovery (NASDAQ: WBD) , and sold many of its non-core assets to prioritize the growth of its core telecom business.
The shipping company has developed a reputation as one of the best dividend stocks around
Market forces rained on the parade of Novavax, Inc. ( NASDAQ:NVAX ) shareholders today, when the analysts downgraded…
In this article, we will look at the 4 stocks billionaire Leon Cooperman is talking about right now. If you want to skip reading about Leon Cooperman, his investment career, and his stock-picking strategy, you can go directly to Billionaire Leon Cooperman is Talking About These 2 Stocks. Leon Cooperman’s Investment Career Leon Cooperman is […]
These are the dividend stocks in the Russell 1000 with the highest forward dividend yield for September.
The hedge fund legend has spoken. Pay attention.
Institutional ownership of single-family homes has been a controversial topic over the past year. Investors purchased a record-high number of rental properties while many would-be homeowners were priced out of the market. The largest owner of this asset class in the U.S. is Invitation Homes Inc. (NYSE: INVH), a real estate investment trust (REIT) with a portfolio of about 83,000 single-family rental homes as of the end of the first quarter this year. The company’s portfolio is mainly made up of
(Bloomberg) — Russia’s wheat harvest could reach a historic 100 million tons, according to consultant SovEcon, with the commodity piling up at home as the nation struggles to export large volumes.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes South Korea President Caught on Hot Mic Insulting US CongressUnless Rents Rise, Housing Is Set Up for an Epic CrashA Great Copper Squeeze Is C
Safety should be your first thought if you are looking at the energy sector today, and these two income stalwarts are top names to consider.
There are two important things everyday investors need to remember during times like these. Shares of SoFi Technologies (NASDAQ: SOFI) have lost 64.6% of their value this year in response to rising interest rates and fear of a recession.
Thousands of words have been dedicated to explaining Warren Buffett's investment strategy over the years, both by the legendary investor himself and others. All of that, however, can be boiled down to one advice: buy quality businesses at reasonable prices.
Sales have taken hits due to changes in crypto mining, U.S. legislation, and broad shifts in consumer spending.
Novavax, Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NVAX performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
Yahoo Finance Live anchor Seana Smith highlights stocks moving in after-hours trading, including Ford, FedEx, and Moderna.
