The concept of modular construction may seem foreign to some, but it is gaining traction as a safe and efficient means of building. In fact, COVID accelerated the pace of prefabrication and modular ...

According to the Modular Building Institute, as noted in its 2023 "Permanent Modular Construction Report," permanent modular construction exceeded $12 billion in North America in 2022 ...

Globally, the modular construction market size is expected to grow from around $84 billion in 2023 to more than $130 billion by 2030, per a recent report from market research company Fortune Business ...

Modular Construction Interface Standard Aims to Establish Clear Guidelines The International Code Council and Center for Offsite Construction are collaborating on a new standard expected to ...

From homes to prison cells, the modular and panelized construction market is booming. Here’s how it differs in building design, job-site workflow, and codes. Eighty could be the magic number when it ...

According to Exactitude Consultancy, the global modular construction market is expected to reach $139.03 billion by 2029. Additionally, in May, Finnish company Admares announced plans for a $750 ...

Design Flexibility Project Location Scale 1. Design Flexibility One misconception about modular construction is that design choices are made strictly by factory-affiliated designers so that the ...

For years, the U.S. has faced a construction worker shortage and an affordable housing crisis. Now, builders can fast-track projects with modular construction, trimming timelines by up to 50%. WSJ ...

Another challenge is the array of tasks that are performed at a construction site. When companies develop a robot specifically for one task, they provide efficient and safer alternatives for ...

He said that demand for modular construction has been increasing since Synergy Modular was founded in 2017, especially within the affordable housing sector.

In 2021, the tech construction startup Katerra filed for bankruptcy after raising nearly $3 billion from a host of notable backers such as SoftBank Group. Katerra vowed that it could use ...

Modular construction units are highly beneficial for the various construction processes at a mining operation, and can prove to be cost-efficient, easily moveable and easy to set up – making it ...