June - 2020CONSTRUCTIONTECHREVIEW.COM6From a low-cost property option to one of the most discussed construction technologies, modular construction has developed significantly over the last few years. The rise of this technology is validated by the number of large proptech companies investing in it. Modular construction is now widely used in a variety of commercial real estate projects and is expected to achieve a market cap of USD 157 billion by 2023. Interests in this technology have been growing significantly as it continues to expand over international markets. The technology which was highly popular in Europe is now gaining traction in the U.S. as a method to help builders both time and money. Unlike traditional construction methods, modular construction takes place in factories, where each module s first prepared in an industrial setup before being taken to the construction site for assembling. This not only eliminates delays due to weather conditions but also facilitates an increase in production rates by adding more shifts. Once the individual modules are constructed, assembly at the construction site takes much lesser time. This comes in handy when slow construction often leads to road closures and diversions. Modular construction also produces much lower waste. Being built in factories means it is easier to recycle waste. Nearly 40 percent of landfill waste comes directly from the construction industry, and modular construction offers a viable solution. Affordable housing is the need of the hour, which has triggered a lot of changes in the construction industry. As construction technology continues to evolve each day rapidly, we have compiled a list of the most promising companies in the modular construction segment, to help you make the right choice to fulfill your needs. Do let us know your thoughts.Michael Rosario Managing Editorconstructiontechreview.comAssembling Modules towards a Responsible FutureCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorMichael Rosario*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersSalesScott JuasyAndrew D`souzaJames D. Phillipsandrew@constructiontechreview.comContact Us:Phone:510-996-5173Email:sales@constructiontechreview.comeditor@constructiontechreview.commarketing@constructiontechreview.com June - 15 - 2020, Vol 03 Issue 10 Published by ValleyMedia, Inc.To subscribe to Construction Tech ReviewVisit www.constructiontechreview.com
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