Major cities like Hong Kong, Singapore, and Manila are racing to reclaim land for mega projects, driven by the need for economic development and housing.
The rapid growth of Special Economic Zones (SEZs) in ASEAN reflects the region’s ambitions to position itself as a global economic powerhouse.
With the region’s agricultural equipment market set to grow at a CAGR of 5.91%, technological advancements are becoming pivotal.
The prefabricated building industry in Thailand is projected to achieve a CAGR of over 5% from 2023 to 2028.
The Asia-Pacific BIM market is projected to grow at a CAGR of 19.1% during the forecast period from 2020 to 2026.
Across APAC, large-scale projects face significant hurdles, with studies indicating that 95% of mega-projects exceed budgets or schedules, often experiencing cost increases of 60–90% and delays of up to two years.
In 2023, Malaysia’s electrical & electronic exports was RM 575 billion or USD 123 billion, accounting for 40 percent share of total exports, more than the next nine biggest exports combined.
For instance, Modula’s modular techniques at Sir John Rogerson’s Quay cut on-site labour requirements by up to 60%, resulting in substantial time savings throughout the project.
This initiative aligns with France’s broader sustainability objectives, which include a commitment to reducing carbon emissions in the construction industry by 55% by 2030.
Europe’s construction sector is at a pivotal crossroads, responsible for nearly 40% of the continent’s total energy consumption and over 36% of greenhouse gas emissions, according to the European Commission.
A report by PWC stated that KYC costs now constitute approximately for 3% of a bank’s total operational cost base, which makes it a significant cost.
For instance, AT&T automated 45 core processes and achieved $40 million in annual savings, while Procter & Gamble employs AI and automation to model inventory levels across product changes, saving an estimated $60 million each year.
According to Construction Week, the permanent modular construction market in the GCC region grew from $2.9 billion in 2020 to $3.4 billion by 2023.
In January 2024 Japan also experienced a magnitude 7.6 earthquake which saw the collapse of more than 200 buildings collapsing and the partial collapsing of more than 2000 buildings.
The global Aircraft Cabin Interior market is set for significant growth, projected to reach a value of $37.6 billion by 2033, expanding at a CAGR of 6.1%.
According to recent market research, the APAC Shared Services Helpdesk market is experiencing significant growth, with major contributors like India, China, Japan, and Australia showing high adoption rates, with projected CAGRs ranging from 24% to 27% across different countries within the region.
The projected growth of the Malaysian FM market is expected to reach approximately USD 16.00 billion by 2030, up from around USD 12.47 billion in 2025, demonstrating a CAGR of 5.11% during the forecast period and reflecting the urgent need for innovative FM strategies.