The global market for modular construction is expected to grow under rapid urbanization in developing countries. Modular construction is largely used in these regions to renovate existing buildings. In 2025, the global market value of modular construction is expected to reach about 175 billion U.S. dollars.
Value of modular construction market worldwide in 2018, with a forecast for 2025
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
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GlobeNewswire. (May 6, 2019). Value of modular construction market worldwide in 2018, with a forecast for 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1059903/global-modular-construction-market-value/
GlobeNewswire. "Value of modular construction market worldwide in 2018, with a forecast for 2025 (in billion U.S. dollars)." Chart. May 6, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1059903/global-modular-construction-market-value/
GlobeNewswire. (2019). Value of modular construction market worldwide in 2018, with a forecast for 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1059903/global-modular-construction-market-value/
GlobeNewswire. "Value of Modular Construction Market Worldwide in 2018, with a Forecast for 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 6 May 2019, https://www.statista.com/statistics/1059903/global-modular-construction-market-value/
GlobeNewswire, Value of modular construction market worldwide in 2018, with a forecast for 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1059903/global-modular-construction-market-value/ (last visited July 22, 2024)
Value of modular construction market worldwide in 2018, with a forecast for 2025 (in billion U.S. dollars) [Graph], GlobeNewswire, May 6, 2019. [Online]. Available: https://www.statista.com/statistics/1059903/global-modular-construction-market-value/