Globalization has led to an increase in number of residential buildings, industries, and commercial spaces. Rise in global population is a major factor responsible for growth of the construction industry. Increase in employment opportunities along with economic growth of several regions across the globe is also contributing to the demand for new construction projects.
Growth in the business environment generates the need for infrastructure development. Efficient, modern, and reliable infrastructure is important for smooth business operation. Infrastructure development activities are increasing consistently across the globe. Increase in development of accommodation centers, companies, commercial buildings & parks, educational institutes, and healthcare centers is creating growth opportunities for players operating in the modular construction industry.
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Growth in the construction sector worldwide is a significant factor fueling modular construction Industry development. Rise in population, increase in need for infrastructure development, and surge in investment in renewables are driving the global market. Moreover, technological advancements in modular construction are augmenting market expansion. Leading players in the global market are using 3D printing technology to manufacture different components.
Companies Profile: ALHO Systembau GmbH, Elements Europe, KLEUSBERG GmbH & Co. KG, Lindbäcks Bygg AB, Lowrie Modular Buildings, Paragon Space Ltd, Polcom Group, Robertson Group, Totally Modular Ltd, and Vision Modular Systems