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Modular Construction Market to Hit $302B by 2035, FMI Reports

Modular & Prefabricated Construction Market to grow from $173.5B in 2025 to $302B by 2035 at 5.7% CAGR. Key drivers: urbanization, affordable housing, sustainability. FMI report.

This news matters because the construction industry faces critical challenges: housing shortages, labor deficits, and environmental pressures. Modular and prefabricated construction offers a faster, cheaper, and greener alternative that can address these issues at scale. For investors, the projected $128 billion opportunity signals a lucrative sector shift. For policymakers and developers, adopting these methods could accelerate infrastructure projects and meet sustainability targets. For the general public, it means more affordable housing and reduced construction disruption in urban areas.