“Increased Adoption of Prefabrication”
One specific trend driving the growth of the modular construction market is the increased adoption of prefabrication techniques. This approach allows components to be manufactured in a controlled factory environment, leading to faster construction times, reduced waste, and improved quality control. For instance, In June 2023, Modulus, a leading modular construction company, secured a USD 100 million investment from Goldman Sachs, reinforcing its growth trajectory. This significant funding aims to enhance Modulus’s innovative capabilities, reflecting growing interest in modular construction as a solution for fast, cost-effective building projects in multiple sectors. This investment sets the stage for expanded operations and more cutting-edge designs in the modular construction industry.
