On the basis of region, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific region is expected to showcase the highest market growth over the forecast period. Construction activities in Asia Pacific have been increasing as a result of growing demand from the residential and commercial sectors. Also, governments of various developing and developed nations are taking efforts to promote eco-friendly housing properties. For instance, the Singapore government has made use of prefabricated construction mandatory in housing projects undertaken on government land.
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