Modular Construction Market Set to Hit Market Size of USD 104 Million at Significant CAGR of 6% from 2016 to 2022
You might have known that the modular construction market is growing, but did you know how fast? According to an article published by Market Research Future, Modular Construction Market is Set to Hit Market Size of USD 104 Million at Significant CAGR of 6% from 2016 to 2022.
The report states that “The Modular Construction Market is driven by the growth in construction and infrastructure industries. With the rising industrialization, the need for time saving construction methods are required, which has widened the scope of modular construction.”
To visit our website click here:www.spectrummodular.com
“Developers, general contractors and subcontractors swap stories that sound too good to be true about prefabricated construction: a student housing project that cut its delivery time by a third or a hospital that installed hundreds of bathrooms in three days with only five laborers. Though the practice of off-site construction dates back thousands of years, the last real estate cycle has pushed prefabricated construction to prominence.”
Check out the full article published on forbes.com here: https://www.forbes.com/sites/bisnow/2017/08/02/the-rise-of-the-prefabricated-building/#2c51f5051dd5
Want to learn more about who Spectrum is and what we do? Visit our website at www.spectrummodular.com
The Modualr Process:
The modular building construction process tends to follow the same 6-Step Process, however, the schedule for each project will be different. For instance, if you want to place some portable classrooms at your school, most likely, there will be little to no site work involved so the Site Planning step will brief. If you want to build a complex, modular laboratory, then each step will be evaluated comprehensively and therefore the schedule will be much longer. To learn more about our process and the steps necessary for modular construction click here.
In an article posted Jul 19th on DeZeen writer Jenna McKnight discusses how “Silicon Valley design-build firm Katerra is using a technology-driven and full-services approach to creating prefabricated structures at a large scale.”
Katerra's overarching mission is to streamline the design and construction process while still providing good architecture.
"Our goal is to remove unnecessary time and costs from the building process while also providing world-class design," said the firm, which is one of the investors in Architizer's online marketplace for architectural products.
To read the full article click here: https://www.dezeen.com/2017/07/19/katerra-combines-technology-modular-construction-large-scale-prefabricated-buildings/
To read more about how Spectrum utilized modular construction to “remove unnecessary time and costs from the building process while also providing world-class design” click here: http://www.spectrummodular.com/our-story/process/
“Within five years, more than 50 per cent of all construction projects will use modular construction and 3D printing.”
This bold statement was featured in a 2017 article in Construction News. Reporter Kenny Ingram states that modular construction will be cast in a leading role in 2017 when it comes to new design and projects, calling it “the new norm”. Many companies have already experienced the benefits and flexibility that comes with modular construction. All around the world, more and more companies choose modular, from airports to hotels to residential homes.
Spectrum Building Systems can help you and your company reap the benefits that come with modular construction. We have various building options with options for lease or purchase. Check out our current inventory today: http://www.spectrummodular.com/lease/