Modular construction
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Modular construction is a construction technique which involves the prefabrication of 2D panels or 3D volumetric structures in off-site factories and transportation to construction sites for assembly. This process has the potential to be superior to traditional building in terms of both time and costs, with claimed time savings of between 20 and 50 percent faster than traditional building techniques.[1]
It is estimated that by 2030, modular construction could deliver US$22 billion in annual cost savings for the US and European construction industry, helping fill the US$1.6 trillion productivity gap.[1] The current need for standardized, repeatable 3D volumetric housing pre-fabricated units and designs for student accommodations, affordable housing and hotels is driving demand for modular construction.