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DUBLIN , Aug. 24, 2020 /PRNewswire/ -- The "Multifamily Modular and Prefabricated Housing Construction Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global multifamily modular and prefabricated housing construction market. This report focuses on the multifamily modular and prefabricated housing construction market which is experiencing strong growth. The report gives a guide to the multifamily modular and prefabricated housing construction market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic. The global multifamily modular and prefabricated housing construction market is expected to decline from $21.13 billion in 2019 to $18.79 billion in 2020 at a compound annual growth rate (CAGR) of -11.1%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $25.35 billion in 2023 at a CAGR of 10.5%. Reasons to Purchase

Where is the largest and fastest growing market for the multifamily modular and prefabricated housing construction? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Multifamily Modular And Prefabricated Housing Construction market global report answers all these questions and many more. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider multifamily modular and prefabricated housing construction market, and compares it with other markets.

The multifamily modular and prefabricated housing construction market consists of sales revenue earned by companies that are engaged in the construction of multifamily modular and prefabricated homes. Modular construction is a process wherein units are built and inspected offsite in a manufacturing facility while podium, foundation, and infrastructure are built onsite. This method is used to increase housing production by accelerating construction time and reducing construction costs. Europe was the largest region for the multifamily modular and prefabricated housing construction market in 2019. Asia Pacific is expected to be the fastest-growing region in the forecast period. In May 2018 , Bouygues Batiment International, a subsidiary of Bouygues Construction, announced the acquisition of AW Edwards Pty Limited, an Australian construction company, for an undisclosed amount. With the acquisition, Bouygues Construction is aiming towards strengthening its position in the construction market in Australia . AW Edwards Pty Limited was founded in 1921 and is engaged in providing construction services for private, public, government, and institutional clients. The multifamily modular and prefabricated housing construction market covered in this report is segmented by type into permanent, relocatable, and by material into steel, precast concrete, wood, plastic, others. The transportation of prefabricated and huge structures along with the weight restrictions imposed by several country governments is predicted to limit the growth of the multifamily modular and prefabricated housing construction market during the period. Trucking modules and shipping them over long distances is a major challenge faced by the modular and prefabricated housing construction companies. Moreover, weight restrictions imposed by governments are expected to restraint the growth of the market during the forthcoming years. For instance, the Washington State Department of Transportation guide lists the criteria for determining the maximum weight of the truck. This scenario is projected to serve as a major challenge for industry players in the near future. Initiatives by governments across countries to promote sustainable buildings and wastage reduction along with mandating the use of modular and prefabricated systems is a major trend shaping the growth of the multifamily modular and prefabricated housing construction market. According to The Building and Construction Authority (BCA), a Singapore government agency website, the Singapore government mandated Prefabricated Prefinished Volumetric Construction (PPVC) acceptance framework to be used at development sites. PPVC suppliers and manufacturers are instructed to ensure that their PPVC systems and in-built bathrooms meet the PPVC performance requirements. Thus, the rising government initiatives to promote green buildings and the use of modular housing is expected to remain a key trend for the industry. The benefits associated with modular construction is projected to contribute to the growth of the multifamily modular and prefabricated housing construction market. There are multiple advantages offered by modular and factory-built housing such as cost and time saving, reducing material wastage, assembly-line quality control, reduced strain on the site neighborhood, and construction safety. According to the Modular Construction for Multifamily Affordable Housing report published in February 2018 , the manufacturers report 20% of cost-saving and 40-50% of time-saving along with the reduced cost for on-site labor and construction materials. Therefore, advantages associated with the modular and prefabricated construction are anticipated to increase the focus of multinational construction companies on modular housing construction, generating higher revenue for the multifamily modular and prefabricated housing construction market during the forecast period. Key Topics Covered: 1. Executive Summary 2. Multifamily Modular And Prefabricated Housing Construction Market Characteristics 3. Multifamily Modular And Prefabricated Housing Construction Market Size And Growth 3.1. Global Multifamily Modular And Prefabricated Housing Construction Historic Market, 2015 - 2019, $ Billion 3.1.1. Drivers Of The Market 3.1.2. Restraints On The Market 3.2. Global Multifamily Modular And Prefabricated Housing Construction Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion 3.2.1. Drivers Of The Market 3.2.2. Restraints On the Market 4. Multifamily Modular And Prefabricated Housing Construction Market Segmentation 4.1. Global Multifamily Modular And Prefabricated Housing Construction Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion 4.2. Global Multifamily Modular And Prefabricated Housing Construction Market, Segmentation By Material, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion 5. Multifamily Modular And Prefabricated Housing Construction Market Regional And Country Analysis 5.1. Global Multifamily Modular And Prefabricated Housing Construction Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion 5.2. Global Multifamily Modular And Prefabricated Housing Construction Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion 6. Asia-Pacific Multifamily Modular And Prefabricated Housing Construction Market 7. China Multifamily Modular And Prefabricated Housing Construction Market 8. India Multifamily Modular And Prefabricated Housing Construction Market 9. Japan Multifamily Modular And Prefabricated Housing Construction Market 10. Australia Multifamily Modular And Prefabricated Housing Construction Market 11. Indonesia Multifamily Modular And Prefabricated Housing Construction Market 12. South Korea Multifamily Modular And Prefabricated Housing Construction Market 13. Western Europe Multifamily Modular And Prefabricated Housing Construction Market 14. UK Multifamily Modular And Prefabricated Housing Construction Market 15. Germany Multifamily Modular And Prefabricated Housing Construction Market 16. France Multifamily Modular And Prefabricated Housing Construction Market 17. Eastern Europe Multifamily Modular And Prefabricated Housing Construction Market 18. Russia Multifamily Modular And Prefabricated Housing Construction Market 19. North America Multifamily Modular And Prefabricated Housing Construction Market 20. USA Multifamily Modular And Prefabricated Housing Construction Market 21. South America Multifamily Modular And Prefabricated Housing Construction Market 22. Brazil Multifamily Modular And Prefabricated Housing Construction Market 23. Middle East Multifamily Modular And Prefabricated Housing Construction Market 24. Africa Multifamily Modular And Prefabricated Housing Construction Market 25. Multifamily Modular And Prefabricated Housing Construction Market Competitive Landscape And Company Profiles 25.1. Multifamily Modular And Prefabricated Housing Construction Market Competitive Landscape 25.2. Multifamily Modular And Prefabricated Housing Construction Market Company Profiles 25.2.1. Guerdon Modular Buildings 25.2.1.1. Overview 25.2.1.2. Products and Services 25.2.1.3. Strategy 25.2.1.4. Financial Performance 25.2.2. ATCO 25.2.2.1. Overview 25.2.2.2. Products and Services 25.2.2.3. Strategy 25.2.2.4. Financial Performance 25.2.3. Laing O'Rourke 25.2.3.1. Overview 25.2.3.2. Products and Services 25.2.3.3. Strategy 25.2.3.4. Financial Performance 25.2.4. Red Sea International Company 25.2.4.1. Overview 25.2.4.2. Products and Services 25.2.4.3. Strategy 25.2.4.4. Financial Performance 25.2.5. VINCI Construction Grands Projets 25.2.5.1. Overview 25.2.5.2. Products and Services 25.2.5.3. Strategy 25.2.5.4. Financial Performance 26. Key Mergers And Acquisitions In The Multifamily Modular And Prefabricated Housing Construction Market 27. Multifamily Modular And Prefabricated Housing Construction Market Trends And Strategies 28. Multifamily Modular And Prefabricated Housing Construction Market Future Outlook and Potential Analysis 29. Appendix 29.1. Abbreviations 29.2. Currencies 29.3. Research Inquiries 29.4. About the Publisher 29.5. Copyright And Disclaimer Companies Mentioned

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