JULY 2024CONSTRUCTIONBUSINESSREVIEW.COM6The rapid pace of urbanization and industrialization is driving significant growth in the construction industry. In response, technological advancements are making modular construction an increasingly attractive option due to its lower costs, greater flexibility and reduced material waste. Its design allows repurposing and transportation to various sites, enhancing its popularity amid rising demand for temporary housing for emergency relief operations.On account of these promising developments, the global modular construction market is projected to grow from $84.48 billion in 2023 to $131.58 billion by 2030, witnessing prolific growth at a CAGR of 6.5 percent during the forecast period. Increasing demand for speed of construction, along with government initiatives and regulations focused on sustainability and quality control are expected to further fuel market growth in the future.This edition of Construction Business Review Canada presents significant advancements in the Canadian modular construction landscape. The edition features a thought leadership article from Andrej Butala, Headwalls Construction Manager at STRABAG, who emphasizes that how it is very important to extend the managerial level to the employees, and make sure that their effort is appreciated. It also brings to the spotlight invaluable insights from Ciro Mascarenhas Falluh, senior director - construction and facility maintenance at Groupe Dynamite, who provides invaluable insights into the role of detailed planning and partnerships with suppliers in controlling costs.We hope this edition featuring Top Modular Construction Solutions Providers in Canada 2024, helps you find the right construction partner using the latest and the most innovative modular techniques to meet your diverse needs.Let us know your thoughts!Promoting Sustainable and Cost-Effective Building PracticesEDITORIALCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsVisualizersHenry SmithJames D. PhillipsEmail:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com July - 30 - 2024, Vol 04 Issue 12 (ISSN 2835-9429)Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Robert MathewsManaging Editoreditor@constructionbusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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