The global market for modular and prefabricated buildings is set to be worth over £165bn globally by the middle of the next decade, according to a report by analysts Frost and Sullivan.

The report found that growth will be boosting both by an overall uptick in construction work, and the time and cost savings possible when using offsite construction. The report comes amid a growing government push on modular construction, with housing minister Esther McVey last week announcing a £30m investment in Ilke Homes’ modular housing factory and the appointment of Mark Farmer as official champion of modern methods of construction.

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