The Modular Construction Market size was valued at USD 91.2 billion in 2022 and is expected to grow to USD 143.17 billion by 2030 and grow at a CAGR of 5.8% over the forecast period of 2023-2030
Due to the growing need for road infrastructure, the concrete segment is expected to dominate the global market in 2022. The market is segmented by material type into concrete, steel, and wood. In 2022, income from the concrete segment was significant. It is a result of the growing demand for concrete building materials from the transportation infrastructure sector. Due to the increased demand for vintage multi-story wooden and bamboo homes, the wood category also has the highest CAGR during the forecast period. But because of the expanding need for steel infrastructure in the industrial sector, the steel segment is slowly expanding.
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Relocatable and permanent structures are part of the modular construction market segmentation based on type of construction. Permanent modular building dominated the market in 2021 and produced more than 63.90% of total revenue. It offers improved quality control over on-site construction. Concrete, Steel, Plastic, Wood, and Others are among the material types included in the segmentation of the modular construction market. The steel segment grew to be the largest in 2022, accounting for a maximum share of over 41.62% of total sales. It is used in a variety of shapes, including columns, angles, beam and T-shapes, and H-type beams. The material's high strength, tensile endurance, flexibility, and ease of manufacture are only a few of its remarkable mechanical and chemical properties.
Increasing sustainability and work zone safety
Construction-related death rates have remained stable. The building industry's biggest challenge is still safety. The advantages of modular construction can aid in resolving these problems. The chances of accidents and associated liabilities for workers are decreased by off-site construction. Work-zone safety has improved thanks to the utilization of modular construction while building and developing stadiums, bridges, and buildings. For instance, while building a bridge on-site, employees are exposed to fast-moving traffic for an extended period of time and other construction-related risks, which raises the risk of accidents. The modular construction method reduces these dangers.
Fast-growing economies need invest more in infrastructure
RESTRAIN:
Transport and assembly problems with modular construction
Transported are modules or prefabricated parts delivered from the factory (an offsite location) to the construction site, where there is a chance that it will be damaged in transportation. Due to the need to transport huge modules, the cost of moving these modules or components of the building varies greatly depending on the distance of the travel. Furthermore, manufacturers should take precision into account when designing modular buildings. The floor, walls, columns, and beams must all be perfectly straight and connected in order for the structure to stand. Additionally, incorrect assembly might result in joint failure and leakage, which could put the entire building in danger.
OPPORTUNITY:
Population growth and development will lead to more initiatives
According to World Population and the UN Department of Economic and Social Affairs/Population Division, by 2050 there will be 9.5 billion people on earth. An increase in new projects in both the commercial and residential sectors has been made possible by the growing population and the industrial expansion following the economic downturn. The migration of rural residents to urban regions and the enlargement of towns into cities have also accelerated the rate of expansion of the modular building sector.
Increasing infrastructure spending
Governmental Initiatives
CHALLENGES:
Lack of knowledge in undeveloped nations
It is believed that the construction sector adopts new and innovative technology slowly and cautiously. The construction industry has a large number of small suppliers, and therefore has a smaller R&D budget than other industries. Due to the building industry's rapid growth, the market for modular construction has a promising future. However, people are less aware of this construction method's advantages in some developing or poor nations in the Asia-Pacific area, as well as in Africa and South America. People believe that modular constructions are less durable or unable to withstand natural disasters. Additionally, there is a lack of knowledge regarding the recyclable nature of modular buildings in developing nations in South America and Africa.
The prefabricated construction business is being impacted by both the recession and the war in Russia and Ukraine. The demand for modular building materials was significantly reduced in the European market during the past year as a result of the recession and slowdown in the construction industry as a whole. Additionally, the current conflict between Russia and Ukraine has induced market uncertainty, which may discourage corporations from funding modular building projects. Supply chains were interrupted by the Russia-Ukraine conflict, especially for resources that are imported from these nations. Modular building projects may experience delays and increased expenses as a result of this. Additionally, during a recession, government officials focus their money on other areas like healthcare and social welfare, which lowers the spending on infrastructure projects like modular building.
After 18 months of the pandemic, global supply chains have already been significantly disrupted. Russia and Ukraine are important providers of machinery, chemicals, raw materials, and metals. Russia is a major producer of nickel and platinum and is in charge of around 10% of the world's copper deposits. The third-largest shale gas deposits in Europe are found in Ukraine, which is also one of Europe's top producers of uranium, titanium, manganese, iron, and mercury ores. Prices are already rising in anticipation of these minerals' production and access being restricted, and the market is turning to other nations and other supply networks. Russia provides 35% of the natural gas and 30% of the oil used in Europe. Markets have responded appropriately, and Brent's price has increased.
Construction spending may decline in a recession as people and businesses cut back on It's possible that companies won't invest as much in new construction. This could lead to a drop in the need for modular construction services as well as the industry's overall size. The benefits of modular construction, such as speed, quality, and cost reductions, may be able to lessen the negative effects of a recession on the sector. Compared to conventional on-site construction techniques, modular construction has the potential to be more cost-effective, which may increase its appeal to clients in difficult economic times. Building projects nowadays are more complicated than ever, and the vast majority of them consistently experience budget overruns and timetable delays. Most significant construction projects "take 20 percent longer to complete than scheduled and are up to 80 percent over budget," according to a recent McKinsey & Company research. Another analysis by the "Economist" found that more than 90% of all worldwide Infrastructure projects are frequently late or overbudget. More than 1.5 million people in the construction industry left the sector as a result of the "Great Recession," and fewer than half of them came back. In addition, fewer millennials want to work in construction, which means fewer young people will take the place of older workers as they retire. Construction trades will continue to have a significant labor shortage until more high school graduates and young adults entering the workforce start choosing them. Political factors can also affect this labor shortage. According to recent estimates, undocumented immigrants make up 30% of the construction labor in the United States, and that percentage rises to 40% in California and Texas. Under the current conditions, this labor supply has been sharply reduced and is probably going to continue to decline.
By Module
Four-sided
Open-sided
Partially open-sided
Mixed modules & floor cassettes
Modules supported by a primary structure
Others
By Type
Permanent
Relocatable
By Material
Steel
Wood
Concrete
By End-Use
Residential
Office
Education
Retail & Commercial
Hospitality
Healthcare
Others
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With a revenue of USD 41.29 billion, Europe was the greatest market for modular construction in 2022. This is due to the high levels of penetration in Germany, Finland, the United Kingdom, and Sweden. The increasing number of migrants is anticipated to be the main driving force, necessitating the construction of both temporary and permanent dwelling constructions. Additionally, a number of investments and the use of cutting-edge technology are fueling the market for modular building in Europe.
Asia Pacific is anticipated to develop at the quickest rate with a CAGR of 8.3%. This is as a result of growing foreign investments supporting market expansion in the region's infrastructure industry. Due to increased environmental concerns and an increase in pollution, there is an increasing need for sustainable structures, which is driving the use of modular construction and, in turn, greatly boosting product growth. The Global Construction Survey predicts that China's construction market would grow by 12.4% in 2021 to reach USD 1355.31 billion. Due to the nation's recent rapid economic growth, rising labor costs, high standard and low cost of housing, technological advancements, and promotion of national policies, modular building has become more popular.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of key players are Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH & Co. KG (Germany), Katerra (U.S.), Lendlease Corporation (Australia) and other players are listed in a final report.
The U.S. Department of Energy (DOE) granted grants totaling $10 million in March 2023 to promote the advancement of modular construction technology.
April 2023: Modular home construction is permitted in select areas of Los Angeles thanks to a new zoning regulation that was adopted by the city areas.
May 2023: Skanska, a business that specializes in modular construction, stated that it will establish a new production site in the United States.
June 2023: The modular building business Modulus revealed that Goldman Sachs had invested $100 million in its Sachs.
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 91.2 Bn |
|
Market Size by 2030 |
US$ 143.17 Bn |
|
CAGR |
CAGR of 5.8% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
By Module (Four-sided, Open-sided, partially open-sided, Mixed modules & floor cassettes, Modules supported by a primary structure, Others), By Type (Permanent, Relocatable), By Material (Steel, Wood, Concrete), By End-Use (Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH & Co. KG (Germany), Katerra (U.S.), Lendlease Corporation (Australia) |
|
Market Opportunities |
•Population growth and development will lead to more initiatives • Increasing infrastructure spending |
|
Market challenges |
• Lack of knowledge in undeveloped nations |
Modular Construction Market is anticipated to expand by 5.8% from 2023 to 2030.
Modular Construction Market size was valued at USD 91.2 billion in 2022
Europe is dominating the Modular Construction Market.
Lack of knowledge in undeveloped nations.
Increasing sustainability and work zone safety and Fast-growing economies need invest more in infrastructure.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Modular Construction Market Segmentation, By Module
8.1 Four-sided
8.2 Open-sided
8.3 Partially open-sided
8.4 Mixed modules & floor cassettes
8.5 Modules supported by a primary structure
8.6 Others
9. Modular Construction Market Segmentation, By Type
9.1 Permanent
9.2 Relocatable
10. Modular Construction Market Segmentation, By Material
10.1 Steel
10.2 Wood
10.3 Concrete
11. Modular Construction Market Segmentation, By End-Use
11.1 Residential
11.2 Office
11.3 Education
11.4 Retail & Commercial
11.5 Hospitality
11.6 Healthcare
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Modular Construction Market by Country
12.2.2North America Modular Construction Market by Module
12.2.3 North America Modular Construction Market by Type
12.2.4 North America Modular Construction Market by Material
12.2.5 North America Modular Construction Market by End User
12.2.6 USA
12.2.6.1 USA Modular Construction Market by Module
12.2.6.2 USA Modular Construction Market by Type
12.2.6.3 USA Modular Construction Market by Material
12.2.6.4 USA Modular Construction Market by End User
12.2.7 Canada
12.2.7.1 Canada Modular Construction Market by Module
12.2.7.2 Canada Modular Construction Market by Type
12.2.7.3 Canada Modular Construction Market by Material
12.2.7.4 Canada Modular Construction Market by End User
12.2.8 Mexico
12.2.8.1 Mexico Modular Construction Market by Module
12.2.8.2 Mexico Modular Construction Market by Type
12.2.8.3 Mexico Modular Construction Market by Material
12.2.8.4 Mexico Modular Construction Market by End User
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Modular Construction Market by Country
12.3.1.2 Eastern Europe Modular Construction Market by Module
12.3.1.3 Eastern Europe Modular Construction Market by Type
12.3.1.4 Eastern Europe Modular Construction Market by Material
12.3.1.5 Eastern Europe Modular Construction Market by End User
12.3.1.6 Poland
12.3.1.6.1 Poland Modular Construction Market by Module
12.3.1.6.2 Poland Modular Construction Market by Type
12.3.1.6.3 Poland Modular Construction Market by Material
12.3.1.6.4 Poland Modular Construction Market by End User
12.3.1.7 Romania
12.3.1.7.1 Romania Modular Construction Market by Module
12.3.1.7.2 Romania Modular Construction Market by Type
12.3.1.7.3 Romania Modular Construction Market by Material
12.3.1.7.4 Romania Modular Construction Market by End User
12.3.1.8 Hungary
12.3.1.8.1 Hungary Modular Construction Market by Module
12.3.1.8.2 Hungary Modular Construction Market by Type
12.3.1.8.3 Hungary Modular Construction Market by Material
12.3.1.8.4 Hungary Modular Construction Market by End User
12.3.1.9 Turkey
12.3.1.9.1 Turkey Modular Construction Market by Module
12.3.1.9.2 Turkey Modular Construction Market by Type
12.3.1.9.3 Turkey Modular Construction Market by Material
12.3.1.9.4 Turkey Modular Construction Market by End User
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Modular Construction Market by Module
12.3.1.10.2 Rest of Eastern Europe Modular Construction Market by Type
12.3.1.10.3 Rest of Eastern Europe Modular Construction Market by Material
12.3.1.10.4 Rest of Eastern Europe Modular Construction Market by End User
12.3.2 Western Europe
12.3.2.1 Western Europe Modular Construction Market by Country
12.3.2.2 Western Europe Modular Construction Market by Module
12.3.2.3 Western Europe Modular Construction Market by Type
12.3.2.4 Western Europe Modular Construction Market by Material
12.3.2.5 Western Europe Modular Construction Market by End User
12.3.2.6 Germany
12.3.2.6.1 Germany Modular Construction Market by Module
12.3.2.6.2 Germany Modular Construction Market by Type
12.3.2.6.3 Germany Modular Construction Market by Material
12.3.2.6.4 Germany Modular Construction Market by End User
12.3.2.7 France
12.3.2.7.1 France Modular Construction Market by Module
12.3.2.7.2 France Modular Construction Market by Type
12.3.2.7.3 France Modular Construction Market by Material
12.3.2.7.4 France Modular Construction Market by End User
12.3.2.8 UK
12.3.2.8.1 UK Modular Construction Market by Module
12.3.2.8.2 UK Modular Construction Market by Type
12.3.2.8.3 UK Modular Construction Market by Material
12.3.2.8.4 UK Modular Construction Market by End User
12.3.2.9 Italy
12.3.2.9.1 Italy Modular Construction Market by Module
12.3.2.9.2 Italy Modular Construction Market by Type
12.3.2.9.3 Italy Modular Construction Market by Material
12.3.2.9.4 Italy Modular Construction Market by End User
12.3.2.10 Spain
12.3.2.10.1 Spain Modular Construction Market by Module
12.3.2.10.2 Spain Modular Construction Market by Type
12.3.2.10.3 Spain Modular Construction Market by Material
12.3.2.10.4 Spain Modular Construction Market by End User
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Modular Construction Market by Module
12.3.2.11.2 Netherlands Modular Construction Market by Type
12.3.2.11.3 Netherlands Modular Construction Market by Material
12.3.2.11.4 Netherlands Modular Construction Market by End User
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Modular Construction Market by Module
12.3.2.12.2 Switzerland Modular Construction Market by Type
12.3.2.12.3 Switzerland Modular Construction Market by Material
12.3.2.12.4 Switzerland Modular Construction Market by End User
12.3.2.13 Austria
12.3.2.13.1 Austria Modular Construction Market by Module
12.3.2.13.2 Austria Modular Construction Market by Type
12.3.2.13.3 Austria Modular Construction Market by Material
12.3.2.13.4 Austria Modular Construction Market by End User
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Modular Construction Market by Module
12.3.2.14.2 Rest of Western Europe Modular Construction Market by Type
12.3.2.14.3 Rest of Western Europe Modular Construction Market by Material
12.3.2.14.4 Rest of Western Europe Modular Construction Market by End User
12.4 Asia-Pacific
12.4.1 Asia Pacific Modular Construction Market by Country
12.4.2 Asia Pacific Modular Construction Market by Module
12.4.3 Asia Pacific Modular Construction Market by Type
12.4.4 Asia Pacific Modular Construction Market by Material
12.4.5 Asia Pacific Modular Construction Market by End User
12.4.6 China
12.4.6.1 China Modular Construction Market by Module
12.4.6.2 China Modular Construction Market by Type
12.4.6.3 China Modular Construction Market by Material
12.4.6.4 China Modular Construction Market by End User
12.4.7 India
12.4.7.1 India Modular Construction Market by Module
12.4.7.2 India Modular Construction Market by Type
12.4.7.3 India Modular Construction Market by Material
12.4.7.4 India Modular Construction Market by End User
12.4.8 Japan
12.4.8.1 Japan Modular Construction Market by Module
12.4.8.2 Japan Modular Construction Market by Type
12.4.8.3 Japan Modular Construction Market by Material
12.4.8.4 Japan Modular Construction Market by End User
12.4.9 South Korea
12.4.9.1 South Korea Modular Construction Market by Module
12.4.9.2 South Korea Modular Construction Market by Type
12.4.9.3 South Korea Modular Construction Market by Material
12.4.9.4 South Korea Modular Construction Market by End User
12.4.10 Vietnam
12.4.10.1 Vietnam Modular Construction Market by Module
12.4.10.2 Vietnam Modular Construction Market by Type
12.4.10.3 Vietnam Modular Construction Market by Material
12.4.10.4 Vietnam Modular Construction Market by End User
12.4.11 Singapore
12.4.11.1 Singapore Modular Construction Market by Module
12.4.11.2 Singapore Modular Construction Market by Type
12.4.11.3 Singapore Modular Construction Market by Material
12.4.11.4 Singapore Modular Construction Market by End User
12.4.12 Australia
12.4.12.1 Australia Modular Construction Market by Module
12.4.12.2 Australia Modular Construction Market by Type
12.4.12.3 Australia Modular Construction Market by Material
12.4.12.4 Australia Modular Construction Market by End User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Modular Construction Market by Module
12.4.13.2 Rest of Asia-Pacific Modular Construction Market by Type
12.4.13.3 Rest of Asia-Pacific Modular Construction Market by Material
12.4.13.4 Rest of Asia-Pacific Modular Construction Market by End User
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Modular Construction Market by country
12.5.1.2 Middle East Modular Construction Market by Module
12.5.1.3 Middle East Modular Construction Market by Type
12.5.1.4 Middle East Modular Construction Market by Material
12.5.1.5 Middle East Modular Construction Market by End User
12.5.1.6 UAE
12.5.1.6.1 UAE Modular Construction Market by Module
12.5.1.6.2 UAE Modular Construction Market by Type
12.5.1.6.3 UAE Modular Construction Market by Material
12.5.1.6.4 UAE Modular Construction Market by End User
12.5.1.7 Egypt
12.5.1.7.1 Egypt Modular Construction Market by Module
12.5.1.7.2 Egypt Modular Construction Market by Type
12.5.1.7.3 Egypt Modular Construction Market by Material
12.5.1.7.4 Egypt Modular Construction Market by End User
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Modular Construction Market by Module
12.5.1.8.2 Saudi Arabia Modular Construction Market by Type
12.5.1.8.3 Saudi Arabia Modular Construction Market by Material
12.5.1.8.4 Saudi Arabia Modular Construction Market by End User
12.5.1.9 Qatar
12.5.1.9.1 Qatar Modular Construction Market by Module
12.5.1.9.2 Qatar Modular Construction Market by Type
12.5.1.9.3 Qatar Modular Construction Market by Material
12.5.1.9.4 Qatar Modular Construction Market by End User
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Modular Construction Market by Module
12.5.1.10.2 Rest of Middle East Modular Construction Market by Type
12.5.1.10.3 Rest of Middle East Modular Construction Market by Material
12.5.1.10.4 Rest of Middle East Modular Construction Market by End User
12.5.2. Africa
12.5.2.1 Africa Modular Construction Market by country
12.5.2.2 Africa Modular Construction Market by Module
12.5.2.3 Africa Modular Construction Market by Type
12.5.2.4 Africa Modular Construction Market by Material
12.5.2.5 Africa Modular Construction Market by End User
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Modular Construction Market by Module
12.5.2.6.2 Nigeria Modular Construction Market by Type
12.5.2.6.3 Nigeria Modular Construction Market by Material
12.5.2.6.4 Nigeria Modular Construction Market by End User
12.5.2.7 South Africa
12.5.2.7.1 South Africa Modular Construction Market by Module
12.5.2.7.2 South Africa Modular Construction Market by Type
12.5.2.7.3 South Africa Modular Construction Market by Material
12.5.2.7.4 South Africa Modular Construction Market by End User
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Modular Construction Market by Module
12.5.2.8.2 Rest of Africa Modular Construction Market by Type
12.5.2.8.3 Rest of Africa Modular Construction Market by Material
12.5.2.8.4 Rest of Africa Modular Construction Market by End User
12.6. Latin America
12.6.1 Latin America Modular Construction Market by country
12.6.2 Latin America Modular Construction Market by Module
12.6.3 Latin America Modular Construction Market by Type
12.6.4 Latin America Modular Construction Market by Material
12.6.5 Latin America Modular Construction Market by End User
12.6.6 Brazil
12.6.6.1 Brazil Modular Construction Market by Module
12.6.6.2 Brazil Modular Construction Market by Type
12.6.6.3 Brazil Modular Construction Market by Material
12.6.6.4 Brazil Modular Construction Market by End User
12.6.7 Argentina
12.6.7.1 Argentina Modular Construction Market by Module
12.6.7.2 Argentina Modular Construction Market by Type
12.6.7.3 Argentina Modular Construction Market by Material
12.6.7.4 Argentina Modular Construction Market by End User
12.6.8 Colombia
12.6.8.1 Colombia Modular Construction Market by Module
12.6.8.2 Colombia Modular Construction Market by Type
12.6.8.3 Colombia Modular Construction Market by Material
12.6.8.4 Colombia Modular Construction Market by End User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Modular Construction Market by Module
12.6.9.2 Rest of Latin America Modular Construction Market by Type
12.6.9.3 Rest of Latin America Modular Construction Market by Material
12.6.9.4 Rest of Latin America Modular Construction Market by End User
13 Company Profile
13.1 Guerdon Modular Buildings (U.S.)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Laing O'Rourke (U.K.)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 ATCO (Canada)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Red Sea International Company (Saudi Arabia)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Bouygues Construction (France)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 VINCI Construction Grands Projets (U.K.)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Skanska AB (Sweden)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Algeco (U.K.)
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 KLEUSBERG GmbH & Co. KG (Germany)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Katerra (U.S.)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Lendlease Corporation (Australia).
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
14. Competitive Landscape
14.1 Competitive Bench marking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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