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170 Pages Market Research Survey by Fact MR, A Market Research and Competitive Intelligence, Offers Insights on Global Modular Containers Market Growth
The Fact.MR survey on modular containers market, offers detailed analysis on key growth drivers and trends accelerating modular containers demand in the market. The survey also gives detailed analysis on the competitive landscape of modular containers market, identifying key market players and analyzing the impact of their growth strategies
NEW YORK , July 6, 2021 /PRNewswire/ -- Fact MR presents an impressive modular containers sales outlook for the forecast period from 2021 to 2031. As per the study, from 2016 to 2020, modular containers industry sales grew at 5.6% CAGR with overall market revenue totaling over US$ 2 Bn in 2020.
Fixed modular containers projected record growth at 0.5% to total 37,000 units, while relocatable modular containers witnessed positive growth at 1.7% to 103,300 units in 2021. Furthermore, modular containers demand will surge at 6% CAGR and the market revenue forecast to grow by 1.8X, reaching valuation of over US$ 3.8 Bn by the end of 2031.
The market is forecast to gain from the rising demand from various end users to reduce cost for construction. Manufacturers across globe are focusing on producing sustainable modular containers with energy efficiency certifications.
As these certifications require less pollution and emission footprint during project lifecycle, the focus on sustainability will continue increasing. This has resulted in the production of user-friendly, eco-friendly, and low-emission sustainable materials for modular containers.
For instance, Karmod, a leading brand in modular construction sector, has been emphasizing on production of green energy container houses under new generation container model. These green energy houses will provide solution for electrical power hurdles. As a result, it will boost modular containers sales demand.
According to the International Finance Corporation (IFC), green buildings construction will create favorable environment for a positive modular containers demand outlook. It is estimated that green buildings will surpass valuation of over US$ 24.7 trillion by 2030. Governments across some countries are supporting to provide loans, increase in FDI, investments, and subsidies to up demand for green buildings.
"Modular containers demand will rise in response to the rising focus on energy conservation in future residential construction of smart cities. Against this backdrop key companies are focusing on improving their expertise and product portfolio via strategic collaborations,,"said a Fact MR analyst.
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Key players are focusing on expansion, investment, acquisitions, portfolio expansion, and brand development to increase their market revene. For instance,
Key players profiled in the modular containers market are:
More Insights on the Modular Containers Sales:
Fact MR provides an unbiased analysis of the modular containers market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global modular containers outlook with a detailed segmentation on the basis of:
Key Questions Covered in the Modular Container Market Report
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