The modular construction market - Italy

The market for modular construction, also known as prefabricated construction, refers to the construction of prefabricated buildings or containers(modules) that are directly designed and manufactured in a factory and then assembled on site. Assembly makes it possible to create buildings to meet occasional or permanent needs: construction site billets, offices, as well as new forms of housing such as container houses. The modules or containers are usually made of steel, concrete , or wood, equipped with plumbing, heating, and electricity. Interior finishes are specified upon leaving the production workshop and are more or less machined according to the purpose of the building to be constructed. Long used primarily for theconstruction industry-for site personnel in particular-modular construction has over the years become an important credible alternative to the construction ofsingle-family homes and offices. Often, modular construction makes it possible to meet short-term needs to install buildings on a temporary basis when a building is being reconstructed or rehabilitated, but also when there is an increased need for offices or laboratories in the service sector. Thus, modular construction is present in construction in the government sector (emergency housing, sports facilities, school premises, etc.) and in the private tertiary sector (offices, stores and kiosks, events, health, etc.). The use of prefabricated construction in the residential sector has also seen major growth in recent years. The world market for modular construction is booming. Between 2022 and 2027, it is expected to grow at a compound annual rate (CAGR) of 5.75%, due to which the world market could reach a total value of $120.35 billion. This rapid expansion is due to the many advantages of modular construction in terms of production costs, construction time, ease ofinstallation , and compliance with environmental constraints. The main players in the Italian market are Edilsider, Marlegno, Damiani-Holz, Operamed and Costantini Legno. However, there are hundreds of manufacturers ranging from large multinational groups to SMEs.