In countries around the world, the demand for modular construction is rapidly growing. Modular buildings are being used to build hotels, skyscrapers, apartment complexes and much more. The benefits of modular, such as the shortened construction timeline and faster return on investment (ROI), are rivaling the traditional construction methods quite favorably.
Currently, modular construction is a five billion dollar a year industry in the United States, which is just over 1% of all United States construction revenue. In the United States, educating potential building owners about the benefits of modular construction is important. Often, potential owners/builders make decisions on whether or not to use modular construction based on assumptions instead of facts.
There are financial, environmental and technical benefits that will help to increase the use of modular construction in the U.S. As we look into the trends that are influencing the decision to choose modular over on-site construction, it will also explain why industries are transitioning to modular solutions.