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Modular construction is set for dramatic growth

Modular construction is set for dramatic growth

The global modular construction market is set to experience unprecedented growth over the next decade
November 29, 2021
Construction

The global modular construction market is set to experience unprecedented growth over the next decade.  According to new reports from Zion Market Research, the size of the market is set to be ~$175 billion by 2025.  Similar research has been marketed by the firm, Reports and Data, who suggest the market will be worth $191 billion by 2027.

While SipForm is a prefabricated manufacturer supplying a specific type of Structural Insulated Panels, one of the key findings from the report was that “irrespective of the type of material used, the modular option makes it possible to take advantage of improved quality control, economies of scale, and faster speed, therefore, making it an increasingly attractive option. Moreover, modular construction provides a substantial decrease in waste generation, which its traditional counterparts fail to provide.”  

The push for a more sustainable construction industry overall is a huge factor in the growth of modular, especially in Australia with the Net Zero by 2050 targets. In Australia, it is estimated that the construction and demolition industry contributes to approximately 40% of the total landfill.Australia’s commitment to a Net Zero 2050 target means that home owners and builders must move toward more affordable, efficient and environmentally responsible living. The old ideology of brick and tile is being traded for a truly architectural aesthetic that out performs traditional building methods and yet doesn’t cost the earth!  

When you consider these growing demands and the ultimate performance of this SipForm system, the benefits become obvious and rather remarkable. Furthermore, the reports provided a number of key takeaways:

At SipForm, we're not striving to build cheaper houses, we're here to build better houses. Better houses for you and for the planet. We are very proud to be apart of this growing trend to build more sustainable houses. If you'd like to learn more, get in touch with us at info@sipform.com.au.

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