The post Off-site Construction Market Current Industry Trends, Growth Forecast To 2029 appeared first on Newstrail.com authored by Maximize Market Research
Off-site Construction Market size was valued at USD 235.5 Bn. in 2021 and the total Off-site Construction revenue is expected to grow by 5.8 % from 2022 to 2029, reaching nearly USD 369.72Bn.
Off-site Construction Market overview:
As per Maximize Market research, a global business research and consultancy firm, based out of India has published the total global market report “Off-site Construction Market” was USD Off-site Construction Bn in 2021 and is expected to grow at a CAGR of Off-site Construction percent over the forecast period to reach USD Off-site Construction Bn by 2029. Innovative technologies for Off-site Construction are expected to drive market growth.
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Off-site Construction Market Scope:
The main objective of the report is to provide detail analysis of Off-site Construction Market definition, segmentation, potential, competitive environment, important trends, and issues occurring while dealing with the industry’s key regions and major nations. The research includes a bottom-up approach for estimations of Off-site Construction Market sectors. A thorough analysis of Off-site Construction market drivers, obstacles, key restrictions, and potential is studied.
The report includes a SWOT and PESTEL analysis of the Off-site Construction market. Also, the report evaluates the market segments based on market volume, market size, market volume, and investment potential, and incremental revenue of the Off-site Construction market. Primary and secondary research was conducted in the Off-site Construction market research. Primary research includes interviews with industry experts and Off-site Construction Market surveys at the same time secondary research includes verification of documents and white papers. Off-site Construction Market revenue was calculated through primary and secondary research methods.
Segmentation
Based on Material, the off-site construction market is segmented into Steel, Wood, Concrete, and Other. Steel is expected to dominate the off-site construction market during the forecast period. Steel is widely used in a variety of industries, including building, infrastructure, mechanical equipment, automotive, and, aircraft and other transportation. Steel is increasingly being used in construction to create prefabs as well as the columns and beams that support structures. The need for building steel in the off-site construction market is also being fueled by rising urbanization and the growing infrastructure development. The global demand for steel from the construction market is expected to reach 930 million metric tons in 2021. Fossil fuel combustion produces greenhouse gases that trap sunlight and increase the temperature of the planet. The Light Steel Frame Association, established to influence rules and regulations, as well as to promote the general aims and growth of the off-site construction market, is boosting awareness of the performance and productivity benefits of steel framing systems in off-site construction. The light steel frame market is more flexible, innovative, and digitally aware than its outsourced material competitors.
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Key Players
• ATCO ( Canadian Utilities,)
• Anderco Pte. Ltd (Singapore )
• Giant Containers Inc (Canada)
• Honomobo Corporation (Alberta, Canada.)
• Lendlease Corporation (Sydney, Australia)
• SG Blocks Inc (United States)
• Skanska AB (Stockholm, Sweden)
• Blokable Inc.( United States)
• Blu Homes (Vallejo, California, United States .)
• Emagispace (United States)
• Falcon Structures (United States)
• FullStack Modular (United States)
• Modus Structures Inc (Canada)
• Nomodic(India)
• Plant Prefab, Inc.( United States .)
• Project Frog ( United States .)
• SG Blocks Inc..( United States)
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Regional Analysis
The study delves into the Off-site Construction market in depth, segmenting it into regions. For the analysis, a review of the provincial Off-site Construction market involved with the objective market, as well as results related to the objective market, is provided. The review evaluates the market in North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a local and country-by-country basis. The
market in each region is thoroughly investigated, enabling for the identification of regional market
trends, restrictions, and development opportunities.
Key Questions answered in the Off-site Construction Market Report are:
- What is Off-site Construction?
- What was the Off-site Constructionmarket size in 2021?
- What is the expected Off-site Constructionmarket size by 2029?
- What is the growth rate of the Off-site ConstructionMarket?
- Which are the factors expected to drive the Off-site Constructionmarket growth?
- Which segment dominated the Off-site Constructionmarket growth?
- What is the demand pattern for the Off-site Constructionmarket?
- Which region held the largest share in the Off-site Constructionmarket?
- Who are the key players in the Off-site Constructionmarket?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Off-site Construction
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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