According to a recent report published by Technavio (www.technavio.com), a global technology research and advisory firm, the global prefabricated construction market is expected to grow at a compound annual growth rate (CAGR) of between 6 and 7 percent until 2020. Technavio values the prefabricated construction market at about $79 million in 2015 and expects it to reach over $110 million by 2020.
Why is the technology gaining popularity? There are several reasons, most related to energy savings, both in the manufacturing of the units, as well as with the final products in place.
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