Construction innovations such as modular buildings are evolving as a popular choice amid rising urbanization and industrialization. The relocatable, attractive, and highquality modular structures are emerging as an alternative to their conventional counterparts owing to their high efficiency and flexibility in design and construction.
Mindful of these forward-looking advantages, the global modular construction market is forecasted to be worth $271 billion in 2030, as per the latest market analysis reports. The reports identify the market to witness a growth spike at a CAGR of eight percent during the forecast period. Rising demand for the offsite construction of modular buildings plays a growth-inducing role as it consumes less energy than traditional on-site installation works. A new trend of green infrastructure is ushering in a groundbreaking era in the construction industry, which is a principal factor driving market growth.
On that note, this edition of Construction Tech Review brings the spotlight on the key technological advancements in the modular construction solution space and how companies are integrating new approaches into construction strategies and workflows. The edition features thought leadership articles from Will Adams, Emerging Technologies Developer at Mortenson, who sheds light on the significance of virtual reality in helping real estate companies make faster and smart decisions. It also features invaluable insights from Mohammad Yasser Baaj, CEO of B3G Engineering Services, who talks about how automation influences modular construction in increasing productivity and reducing manpower in manufacturing industries.
Along with these critical insights from industry experts, the edition features WHP Trainingtowers, an award-winning construction company that uniquely engineers and customizes an exceptional modular firetraining simulator, MODx, to provide the highest quality metal training buildings for fire service.
We hope this edition helps you find an appropriate modular construction solution and service provider to assist you with the industry-best approaches to improve flexibility and efficiency in construction and manufacturing while reducing production costs. Let us know your thoughts!