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Modular Construction Market Size Worth $174.6 Billion by 2025: Grand View Research, Inc.

Modular Construction Market Size Worth $174.6 Billion by 2025: Grand View Research, Inc.

Written by David

September 10, 2019

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The global modular construction market size is expected to reach USD 174.6 billion by 2025 , accelerating at a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc.

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Increasing emphasis on improving productivity and rising focus on workplace safety at construction sites are expected to drive the market over the forecast period.

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Key suggestions from the report: In Asia Pacific, residential application is expected to progress at a CAGR of 6.9% over the forecast period. This growth can be attributed to the growing population, which, in turn, demands high investment for development of residential housing projects In India, modular construction in healthcare application segment was valued at USD 809.5 million in 2018 on account of high budgetary outlay for the development of healthcare infrastructure by public and private investors The U.S. accounted for 79.3% […]

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