Modular construction market
Modular construction involves fabricating building components or modules in a controlled environment, typically a factory or manufacturing facility. These modules are then transported to the construction site for assembly into a complete structure. This construction method is gaining popularity due to several advantages, including accelerated project timelines, reduced construction costs, improved quality control, and enhanced sustainability. This market growth is driven by increasing urbanization, rapid industrialization, and the need for affordable housing solutions. Modular construction is particularly favored in residential, commercial, healthcare, and education sectors, where speed, cost-efficiency, and quality are critical factors.