Last month, McKinsey & Company published a comprehensive study of the growing impact of modular construction in the U.S and Europe. Titled, ‘Modular Construction: From projects to products‘, the study puts into focus what the commercial modular industry has long held to be the case.
Namely, that modular can deliver projects 20% to 50% faster than site construction methods while also reducing project costs up to 20%. The report cites the technological improvements, economic demands, and the changing mind-sets that is drawing significant interest and investment which has the potential to vastly change the way projects are built today. The study goes on to show how a shift to modular construction could have a significant positive impact on global productivity by accelerating and compressing the project timeline while alleviating the impact of labor shortages in many areas.