Steel-Framed Modular Construction For High-Rise Buildings Market , Share, Analysis by Production, Consumption, Revenue, and Growth By 2027
Modular Construction Buildings Market Globally, modular construction for high-rise buildings occupies a market value of USD 7734 million during the market research forecast period. It has been found that it occupies a CAGR value of 5.6% during the review period of 2020–2027. Modular construction consists of components or elements that are prefabricated and later assembled at the construction site. These elements are suited for the assembly of single-family and multi-family houses. It provides leverage over metrics like materials, security, and logistics and saves construction costs. Software like computer-aided design and building information modeling can assist in the design process and contribute to expediting the construction time. Market Segmentation The market for Modular Construction Buildings Market has been segmented into material, building height, and module type. By material, the global modular construction for high-rise buildings market has been segmented into steel, woo