Modular Construction Market Size Expected to Reach USD 114.78 Billion by 2028

The modular construction sector has witnessed an increasing demand across the world due to the growth in the number of residential as well as commercial buildings. There are several benefits of modular construction which include flexibility, environment-friendliness, and others, which is projected to drive this market’s growth. Further, there has been a surge in the number of infrastructure projects in the urban as well as rural areas due to speedy urbanization and adoption of latest manufacturing techniques which may prove beneficial for this market’s growth.

There has been a surge in the modular construction activities in several industries such as healthcare, educational, hospitality, and others, which has resulted in the growth of this market. Further, the modular construction is cost-efficient and requires less time for construction than the traditional construction. This is also an important factor contributing for this market’s growth. Furthermore, due to the rising number of government initiatives related to infrastructure in metropolitan cities and rural areas, has led to an increasing demand for modular construction, thus, leading to the growth of this market.  Read the full article here from Fortune Business Insights:

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