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[Research Report] Innovations and Growth Opportunities in Sustainability in Global Construction Projects

[Research Report] Innovations and Growth Opportunities in Sustainability in Global Construction Projects

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The global construction market experienced a decline in production in 2020 due to the COVID-19 pandemic. However, as economic activities resumed in 2021, the market recovered in many countries, showing an astonishing growth rate of 14.7% for the year. The CAGR from 2022 to 2028 is 5.8%. The construction market for buildings faces three main strategic challenges: "transformational megatrends," "disruptive technologies," and "industry convergence." Additionally, this study provides an overview of sustainability innovations, examples of technologies and solutions related to sustainability, and 15 growth opportunities that support the lifecycle stages of buildings (design, construction, operation).

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[English Market Research Report] Global Market for Modular Construction

[English Market Research Report] Global Market for Modular Construction

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The global market size for modular construction was valued at 97.28 billion USD in 2022 and is expected to grow from 104.67 billion USD in 2023 to 188.08 billion USD by 2031, with a projected CAGR of 7.6% during the forecast period (2024-2031). The modular construction sector is anticipated to experience significant expansion, driven particularly by rapid urbanization and industrialization in the commercial and industrial building sectors. This growth is supported by advancements in construction technology and the benefits offered by modular construction, such as accelerated building schedules, cost reductions, increased flexibility, material reuse, and minimized waste. As a result, the demand for modular construction is expected to surge globally.

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