Many in the industry have noted the encouraging phenomenon of the flourishing modular construction industry, especially given the fact that we are still experiencing a weak economy. Not only that, but the construction industry itself has taken an especially hard hit since the economy took a turn, especially housing.
Nevertheless, modular construction is surging ahead with new companies popping up every day.
More and more homeowners are venturing into the once-stigmatized modular home market, and more and more governments and businesses are choosing to build with modular construction, due to its lower costs and convenience.
So why the ongoing prosperity of modular construction?
My best guess is this: in a weak economy where everyone is trying to save money, the most cost effective solutions are going to win out. This accounts for the recent proliferation of bargain shopping companies.
Also, there is a hypervigilance in today’s business world to adapt quickly, innovate, and stay up to date with the latest economic trends. Modular construction combines cost effectiveness with the flexibility necessary for businesses to alter their physical workspaces and keep up with the changing times.
It also helps that modular construction and other forms of modular design have been increasingly associated with the green movement, due to inherent energy saving/recycling qualities found in modular construction.
In essence, modular construction is a more evolved, more intelligent form of construction that seeks to address the inefficiencies of traditional construction. In times of prosperity, change might come more slowly, as the current conventions seem to work alright. However, in recessionary times, it becomes essential to rethink old techniques and adapt to harsh landscapes.
It is the combination of these elements that have propelled modular construction into one of the fastest growing industries.