Modular Construction Market’s Growth

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With rapid industrialization in APAC region, the demand for infrastructure has gone up. This has fuelled the demand for modular construction in the region. China contributes a major share to the Asia Pacific modular construction market. Increasing urbanization, increasing demand for buildings at affordable costs, and favourable policies and plans are driving the demand for modular construction in the region.
The modular construction market has been segmented based on material, construction, product and application. North America is the second largest region for the modular construction market. The North America modular construction market is driven by various factors such as consumer preference for green buildings and sustained investments in commercial real estate.