Worldwide modular market to hit £165bn

By Joey Gardiner2019-11-12T12:43:00

Modular build underway in factory 2. Credit Go Modular Technlogies (UK) Ltd

Source: Go Modular Technologies

Report predicts rapid growth in sector in next six years

The global market for modular and prefabricated buildings is set to be worth over £165bn globally by the middle of the next decade, according to a report by analysts Frost & Sullivan.

The report found that growth will be boosting both by an overall uptick in construction work, and the time and cost savings possible when using offsite construction.

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