Report: Global construction market to reach $15 trillion by 2025
BD+C
JULY 1, 2013
A new report released today forecasts the volume of construction output will grow by more than 70% to $15 trillion worldwide by 2025.
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BD+C
JULY 1, 2013
A new report released today forecasts the volume of construction output will grow by more than 70% to $15 trillion worldwide by 2025.
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Because of this, the report says, there’s now a growing movement towards modular design and construction, a process in which a facility is built from pre-fabricated, repeatable modules that are then transported to a site and assembled. If that is undercooked, the facility will quickly reach capacity.
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