America lags behind the rest of the world in adapting to modular building practices. While countries like Sweden and Norway realize 45% of their housing with modular practices, it’s less than 3% in the US (page 22). LOGIC works tirelessly to change that.
Luckily, the US modular construction industry has seen significant growth in recent years, thanks to growing awareness of its benefits: significant cost savings, labor efficiency, compressed timelines and reduced waste. Market analysts expect this trend to continue in the coming years. According to a report by Zion Market Research, the global modular construction market is expected to reach approximately $196.4 billion by 2025. Since 2019, the market has been growing at a compound annual growth rate of around 7.1%.
LOGIC’s focus on multifamily housing applications is in exactly the right place. Increasing adoption of modular construction in the residential and hospitality sectors is driving market growth. With their years of experience in developing modular processes for commercial real estate, LOGIC Building Systems is poised to lead the coming boom for the modular for residential space.
How can you be a part of this growth? Contact us today to learn how you can benefit from increased efficiency and sustainability that modular kitchens and bathrooms can bring to your building project today!
LOGIC Building Systems is poised to lead in the modular space.
