Research Methodology on Modular Construction Market
Introduction
Modular construction is gradually replacing traditional buildings as it offers numerous benefits that are hard to replicate with traditional construction. The key benefits include reduced construction time, minimized waste, and better quality assurance. Modular construction is likely to boost the global economy and offer increased efficiency and safety across the building process.
Though modular construction is gaining traction over traditional construction, the market is expected to witness certain restraints. Labour shortages resulting in the high cost of labour and restricted output, along with a lack of awareness and larger initial costs can hinder the modular construction market growth.
Objectives of the research
- To understand the qualitative and quantitative dynamics of the global modular construction market
- To analyze and forecast the market value of the global Modular Construction Market based on application, market type, end-user, and geography.
- To analyze relevant trends and factors driving the market growth during the forecast period.
- To provide region-based market dynamics and competitive landscape of the market.
- To provide a detailed Porter's Five Forces Analysis highlighting the competitive environment of the Modular Construction Market.
- To study the competitive strategies adopted by the players to gain a competitive edge in the market.
Research Design
The published research study employs a three-stage research methodology to gauge the potential opportunities and insights of the Modular Construction Market. The research is conducted through intense primary and secondary research for the comprehensive analysis of this report.
Primary Research
Primary research includes interviews and surveys of the major players in the market including the manufacturers, suppliers, and other stakeholders. It also incorporates discussions with the senior executives involved in the Modular Construction Market to gain in-depth insights into the various regional markets in the Modular Construction Market. Primary research also consists of information obtained through various certifying bodies, associations, and associations that are found to be active in the Modular Construction Market.
Secondary Research
Secondary Research employs extensive research on the major market players across various geographical regions through various market databases, published reports, and industry associations. The secondary research is focused on gathering insights into the existing market conditions, value chain analysis, market size, demand & supply analysis, and competitor analysis of the Modular Construction Market.
Analysis methodology
The research study employs an array of analytical tools including Econometric and Regression Analysis, Taxonomy Analysis, and Take-Away Analysis to gain a greater insight into the Modular Construction Market. The information is gathered from various sources and then consolidated using various analysis and data validation methods.
The study provides data analysis and forecasts of the Modular Construction Market concerning the following segments:
Residential
Commercial
Industrial
Infrastructure
Light Gauge Steel
Precast Concrete
Wood
Volumetric
Government
Private
Data Collection
In the course of the primary and secondary research, various data points have been collected from both public and private sources of information such as databases, industry associations, press releases, and industry interviews. The primary data gathered from these sources through surveys and discussions are supplemented with the secondary data sourced from company websites, annual reports, industry white papers, past and present trade associations, and other databases of industry information related to Modular Construction.
Data Validation
Data Expertise ensures error-free and reliable data through the data triangulation method. The gathered data is verified using various analysis and aptitude checks with the help of statistical and computational methods.
Analysis & Forecast
The comprehensive data gathered through our research methodologies are applied to Econometric and Regression analyses to study the Modular Construction Market's present and future market trends and project its growth. Our analysts have presented insights into various regional and global markets based on qualitative and quantitative methodologies.
Regions Covered
US
Canada
UK
Germany
France
Others
China
India
Japan
Others
Brazil
Mexico
Others
Saudi Arabia
UAE
South Africa
Others
Market Data Collection Method
For the purpose of this report, several secondary sources such as white papers, commercial databases, government documents, industry and trade magazines, and paid subscription databases are accessed to identify and collect information useful for this extensive commercial study of the Modular Construction Market.
In addition, primary sources such as surveys, EU directives, interviews, internal and external proprietary databases, and other relevant sources are used to collect information to build valuable insights into the global Modular Construction Market. Primary research interviews are conducted with marketing executives, industry experts, market consultants, and prominent CEOs of key companies associated with the Modular Construction Market.
Conclusion
With growing concerns regarding energy and resource efficiency, stringent regulations, and the need for speed of construction, modular construction is on the rise. This research report on the global Modular Construction Market presents an insightful overview of the present and future trends, key developments, and an understanding of the size and potential of the market growth. It is likely to provide an accurate and holistic look into the market and will enable stakeholders to make an informed decision.