The global offsite construction market is projected to top $235 billion by 2030, signifying a compound annual growth rate of almost 6% in the period from 2021 to 2030. This should hardly come as a surprise as the construction sector starts embracing modern industrial techniques to ‘mass produce’ components before reaching the building site. In fact, offsite construction is characterised by the assembly of building components in a controlled, factory environment before installation on-site. With this comes several advantages such as enhanced efficiency in construction processes and a marked improvement in overall project timelines.
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