Modular construction has stood out as a notably profitable and cost-effective approach to building, showcasing its effectiveness with meticulous planning & execution. In an age where labour shortages have profoundly impacted the productivity of companies to the extent of them shutting down, the urgency for a transformative shift is apparent. In light of these challenges, construction companies are compelled to recognize the signs of the times and make strategic decisions to either adapt or face potential demise. The imperative for change is clear, and embracing prefab methods & modular construction emerges as the pragmatic and forward-looking solution.
McKinsey and Company projects that modular construction could claim $130 billion of the market by 2030 in the United States and Europe at moderate penetration, delivering annual cost savings of $225 billion. The construction market in Europe alone is currently worth EUR 16.80 billion and is expected to grow to EUR 24.92 billion by 2030. The level of cost savings and profitability that modular & prefab methods can bring is monumental and can be a game changer to the future of building and construction. Modular construction & prefabricated methods have made real headway not only in housing and residential projects but also in laboratories, holiday cabins, medical, education, commercial and infrastructure projects, particularly in Poland, Sweden, the Netherlands, and the U.K. With time and proper implementation modular and prefab methods could truly be the answer to effective green construction.
Modular and prefabricated methods have a long way as seen in Tide Development’s and Vision’s most recently completed project, College Road, located in Croydon, UK. The development, which comprises one 35 storey and 50 storey tower and houses 817 studio units and 120 affordable homes is now Europe’s tallest modular building measuring at over 163m. Using Vision’s volumetric construction system, they were able to achieve a 28-month project schedule on the constrained 2000m2 site. Summary Architects, a firm based in Portugal, whose Gomos System utilizes precast to construct expandable & adaptable homes. With such a system, families can expand or minimize their unit by simply adding or removing the precast modules
Come join the 3rd Annual Modular, Prefab & Construction Tech Senate to learn from and connect with distinguished industry leaders and subject experts on navigating the hurdles of optimizing modular and prefabrication. Discover how volumetric construction and parametric design can help aid your project to achieve astounding cost savings and record completion times, utilizing technologies such as BIM, PDfMA & various other methods.
