- 170 Pages Market Research Survey by Fact MR, A Market Research and Competitive Intelligence, Offers Insights on Global Modular Containers Market Growth
- The Fact.MR survey on modular containers market, offers detailed analysis on key growth drivers and trends accelerating modular containers demand in the market. The survey also gives detailed analysis on the competitive landscape of modular containers market, identifying key market players and analyzing the impact of their growth strategies
NEW YORK, July 6, 2021 /PRNewswire/ -- Fact MR presents an impressive modular containers sales outlook for the forecast period from 2021 to 2031. As per the study, from 2016 to 2020, modular containers industry sales grew at 5.6% CAGR with overall market revenue totaling over US$ 2 Bn in 2020.
Fixed modular containers projected record growth at 0.5% to total 37,000 units, while relocatable modular containers witnessed positive growth at 1.7% to 103,300 units in 2021. Furthermore, modular containers demand will surge at 6% CAGR and the market revenue forecast to grow by 1.8X, reaching valuation of over US$ 3.8 Bn by the end of 2031.
The market is forecast to gain from the rising demand from various end users to reduce cost for construction. Manufacturers across globe are focusing on producing sustainable modular containers with energy efficiency certifications.
As these certifications require less pollution and emission footprint during project lifecycle, the focus on sustainability will continue increasing. This has resulted in the production of user-friendly, eco-friendly, and low-emission sustainable materials for modular containers.
For instance, Karmod, a leading brand in modular construction sector, has been emphasizing on production of green energy container houses under new generation container model. These green energy houses will provide solution for electrical power hurdles. As a result, it will boost modular containers sales demand.
According to the International Finance Corporation (IFC), green buildings construction will create favorable environment for a positive modular containers demand outlook. It is estimated that green buildings will surpass valuation of over US$ 24.7 trillion by 2030. Governments across some countries are supporting to provide loans, increase in FDI, investments, and subsidies to up demand for green buildings.
"Modular containers demand will rise in response to the rising focus on energy conservation in future residential construction of smart cities. Against this backdrop key companies are focusing on improving their expertise and product portfolio via strategic collaborations,,"said a Fact MR analyst.
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Key players are focusing on expansion, investment, acquisitions, portfolio expansion, and brand development to increase their market revene. For instance,
In May 2021, McGrath RentCorp, the parent company of Mobile Modular Portable Storage, acquired Design Space, a leading Western U.S. modular building and portable storage provider with 2020 revenue of US$ 81Mn and EBITDA of US$ 32 Mn.
In October 2020, Qingdao Xinguangzheng Steel Structure Co., Ltd. announced that Active Shade, one of its key projects funded by Qingdao Government spread in 85,000 square meters was put into operation.
In August 2020, Henan K-home Steel Structure signed an agreement with Singapore Construction Company to order more than 200 sets of container houses.
Key players profiled in the modular containers market are:
Qingdao Xinguangzheng Steel Structure Co., Ltd.
Karmod Prefabricated Building Technologies
Henan K-Home Steel Structure Co., Ltd.
Mobile Modular Portable Storage
Thurston Group Limited
Quick House Building Solutions
Craftsmen Industries Incorporation
Panel Built Incorporation
Cassone Leasing Incorporation
Atrium Development Co.
Kwikspace Modular Buildings
More Insights on the Modular Containers Sales:
Fact MR provides an unbiased analysis of the modular containers market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global modular containers outlook with a detailed segmentation on the basis of:
Fixed Modular Containers
Relocatable Modular Containers
Prefab Modular Containers
<10 FT Modular Containers
10-20 FT Modular Containers
>20 FT Modular Containers
Steel Modular Containers
Fibre-reinforced plastic (FRP) Modular Containers
Modular Containers for Residential Buildings
Modular Containers for Office Buildings
Modular Containers for Hotels and Motels
Modular Containers for Retail
Modular Containers for Warehouses
Modular Containers for Healthcare Facilities
Modular Containers for K-12 Schools
Modular Container Kiosks
Modular Containers for Other Applications
Key Questions Covered in the Modular Container Market Report
The report offers detailed insights into modular containers demand outlook for 2021-2031
The market study also highlights projected sales growth for modular containers market between 2021 and 2031
Modular containers sales outlook identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current sales valuation size and forecast and technological advancements within the industry
Modular containers demand sales provide analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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Blow Molded Containers Market - Key competitors are proactively expanding their production capacity to satisfy the market's growing needs as demand for blow molded containers grows. To keep up with government policies and remain competitive in an ever-increasing global market, manufacturers have expanded their R&D facilities. According to Fact.MR Research, Asia Pacific holds the largest share of the worldwide blow molded container market.
Reclosable Rigid Containers Market - The global reclosable rigid container market has a significant obstacle in the form of customer preference for unit dosage packaging that does not require a reclosable closure solution. Bottles are a non-replicable packaging solution for liquid items, and they are expected to be a big sector among all container types in the reclosable rigid containers market, with substantial growth expected over the projection period.
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