The global buildings construction market, one of the
segments in the construction industry, grew at a compound annual growth rate
(CAGR) of around 8% during the historic period. This mainly due to an increase
in demand for housing especially in developing countries such as India and
China.
In the forecast period, the global buildings construction
market size is expected to be over $12,283 billion by 2021, growing at a CAGR
of nearly 9.8%. The growth rate is higher in the forecast period when compared
to the historic period. This is mainly attributed to several factors which
include increasing rate of urbanization and development of new cities.
Find TBRC’s report on the buildings construction market:
https://www.thebusinessresearchcompany.com/report/buildings-construction-market-global-briefing-2018
Building manufacturers across the globe are using modular
construction to ensure better quality management for construction. Modular
construction is a process in which a building is constructed off-site, produced
in modules and then assembled on-site. Modular buildings are stronger,
sustainable, and more efficient. These also take lesser time for completion
than conventionally constructed buildings. Offsite construction is suited for a
number of structure types such as schools, dormitories, hospitals, office
buildings, hotels and retail stores.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=578&type=smp
https://www.thebusinessresearchcompany.com/sample.aspx?id=578&type=smp
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