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CAGR from 2023 to 2028. Project Engineer, Webcor Builders "I believe in 2024 we will see i ncreased use of construction robots as their quality of work, safety metrics, cost savings, and schedule-saving opportunities become more and more apparent across the industry from earlier users.
As a result, many people started looking at modular construction practices with fresh eyes and saw it as a way to design and deliver quality buildings. As of 2023, the modular market is estimated at $146 billion and is expected to reach $200 billion by 2028, growing at a CAGR of 5.99%. [1] That is no longer the case.
Civil and construction industry observers estimate the CAD market will grow at a CAGR of 6.78% from 2023 to 2028. Undervaluing qualitycontrol. Prefabrication Interest in prefab construction is surging because it’s exactly what the doctor ordered. This tech is trendy not only in 2024 but also in the future.
This technology lets construction teams bring larger prefabricated elements to the site for large-scale offsite building. Instead of welding many components at height, assembling and installing them on the ground in one lift provides more control and safety. Internal fit-out will begin in late 2025 and end in 2028.
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