Global Market Report 2022 on Modular and Prefabricated Nonresidential Building Construction

Modular and prefabricated nonresidential building construction global market will break the record of the previous year's annual growth rate

FREMONT CA: The global modular and prefabricated non-residential building construction market is predicted to increase at a compound annual growth rate (CAGR) of 7.1 percent from $62.57 billion in 2021 to $67.04 billion 2022. At a CAGR of 7.1 percent, the market is estimated to reach $88.20 billion in 2026. Algeco Scotsman, Butler Manufacturing Company Inc., Champion Home Builders Inc., Lindal Cedar Homes, Kirby Building Systems, Alan Pre-Fab Building Corp., ALHO Systembau GmbH, Allied Modular Building Systems Inc., and American Buildings Company are among the market's major competitors. Standard metal, agricultural metal, modular nonmetal, and penalized precast nonmetal are the four primary modular and prefabricated non-residential structure construction types. According to the world economic forum, in 2020, 56.2 percent of the world's inhabitants were urban. Urban inhabitants made up the uppermost part in Northern American countries 83.6 percent of occupants lived in cities in 2020.

Standard metal, agricultural metal, modular nonmetal, and panelized precast nonmetal are the four primary types of modular and prefabricated non-residential structure construction.