The Asia-Pacific modular construction market is anticipated to reach $58.18 billion by 2032, compounding annually at 7.08%. The surging number of players joining the fray and investment being poured into R&D has diversified options for both residential and commercial projects to fuel the increasing demand of homes and buildings only further drives development. Modern methods of construction have been making waves as the efficient and cost-effective way to cater to the ever-increasing foot traffic.
In Philippines, modular construction has been touted as the way for fast-paced residential housing. Philippine population is expected to grow by an additional 13 million by 2030. Combine this alarming rise in population and the frequent seismic events that happen in the country, authorities are now looking to modular technologies as a solution to buildings that are robust and quick to deploy.
Modular and prefab technologies will allow contractors to build buildings and structures at an accelerated rate, as modules are assembled off-site and need only be fixed and positioned into place. The ease of installation opens doors to different applications such as life sciences, data centres and public infrastructures.
The 12th Annual Modular, Prefab & Construction Tech Senate by Trueventus is designed to create a premier destination for professionals working across the built environment to gain first-hand insights and experience on the latest innovations and opportunities in modern construction methods. Learn to streamline workflows, improve productivity, expand project scope, expand data access, enhance collaboration, and generate more substantial profit margins.