Prefabrication And Modular Construction Change How Structures Are Built
Modular construction typically involves constructing at least 60-90% of a building or other structure before bringing it to the construction site.
Prefabrication, while technically part of modular construction, occurs when certain components of a structure are assembled or manufactured off-site.
The prefabricated parts are then easily affixed to the building.
And while it has been relatively small compared to the entire construction market, the modular construction industry has experienced rapid growth in the past few years.
McKinsey estimates that the North American permanent modular construction industry’s share of new construction projects rose by 51% between 2015 and 2018.
Over the same period, the industry’s total revenue more than doubled.
Increasingly, general contractors (GC’s), architects, and developers are finding that prefabrication and modular construction helps keep costs low, shortens the construction timeline, and reduces waste.
