Best Industries for Modular Building in 2020
Modular construction has been a mainstay in many industries for years due to its various benefits over traditional construction. These industries include government, education, corrections, utility, and more. As modular technology becomes more versatile and sophisticated, the modular construction market is expanding into even more industries.
In this blog, we’ll take a look at five of the best industries for modular building in 2020. All of these industries will benefit from the speed, cost-effectiveness, and versatility of modular construction. Let’s dig in.
Industry #1: Hospitality
Modular construction is already making a splash in the hospitality industry, and this growth will continue in 2020. Modular building offers a much shorter timeline than traditional construction, which gets heads in beds as quickly as possible. In turn, this means higher profits for hotel owners.
Marriott Hotels in particular has made modular building part of their strategic plan. In fact, they’re on schedule to open the world’s tallest modular hotel in New York City late next year. At 360 feet tall, this impressive structure will even come topped with a rooftop bar! Marriott has opened over thirty modular hotels across the country, and more hospitality chains are looking to get in on the action in 2020.
Modular building works particularly well for select-service hotels with smaller rooms in wide-open spaces, like next to airports. However, whether it’s a complete room or a single room pod (e.g. a bathroom), modular is an excellent choice throughout the hospitality industry.
Industry #2: Multi-Unit Housing
When it comes to multi-unit housing, modular construction is — and will continue to be — an excellent choice. From workforce housing and dormitories to condominiums and apartments, modular is a smart alternative to traditional construction.
Many remote labor industries (like energy and mining) are turning to modular construction to accommodate their employees. Lack of infrastructure and roads in remote areas can be major hurdles in traditional construction. This isn’t an issue with modular, though, since individual modules are assembled off-site and delivered wherever necessary.
Many colleges and universities are experiencing housing shortages due to increased enrollment rates. And many schools are going green or looking for more affordable housing options. Modular building is less expensive than traditional construction, and it also produces less waste and is more energy-efficient.
Condos and Apartments
Like educational institutions, some of the world’s largest cities are experiencing chronic housing shortages. Because it’s infinitely scalable and specifically designed for maximum utility, modular building is the answer.
Industry #3: Healthcare
The modular construction market is particularly well-suited for the healthcare industry because of its customizable, cost-effective nature. It can also accommodate the ever-changing needs of medical work and meet stringent sanitation requirements. Plus, modular construction doesn’t disrupt the important work healthcare facilities do every day.
As more Baby Boomers reach retirement age, the demand for medical facilities will continue to grow. One of the best ways to alleviate potential overcrowding is with modular construction. In fact, entire hospitals have been built using modular construction. From rehabilitation offices and hospitals to veterinarian offices and dentists, modular is the way to go.
Unlike traditional construction, modular buildings can be built rapidly in remote areas and places ravaged by natural disasters. This makes them ideal for disaster relief, since the affected individuals need shelter as soon as possible. Modular is also a smart choice for refugee camps in developing countries because it’s low-cost and easy to install.
Industry #4: Foodservice
Modular construction industry growth is also making an impact in the world of foodservice. The bevy of customization options offered by modular building makes it ideal for restauranteurs. You can design the kitchen and front of house area of your dreams and easily expand it as your business grows.
Modular building also helps foodservice businesses avoid choosing the wrong location due to poor visibility or insufficient parking and foot traffic. Consumer markets around restaurants also change, but it’s easy to relocate when you choose modular. In fact, Taco Bell, Subway, and Starbucks have all utilized modular construction in the last few years.
Utility bills make up a large portion of overhead costs for brick-and-mortar restaurants, but this isn’t the case with modular. Your manufacturer can install things like solar panels, upgraded insulation, and energy-efficient appliances to keep your costs down. And the shorter construction timeline means faster occupancy and faster ROI.
Industry #5: Warehousing
As eCommerce continues to change the face of warehousing and fulfillment, modular is becoming an appealing option. Large distribution centers are a must in the age of online shopping, and a traditional warehouse model isn’t always the most efficient choice. Shipping costs and a demand for faster service has led many companies to work from several regional warehouses, rather than one centralized distribution center.
Modular construction can identify the essential functions of a traditional warehouse and assign each function its own module. These modules can be integrated within the distribution center or function as standalone operations that are virtually connected to other modules. This means several locations can function just like one large distribution center.
Breaking down large warehouses into individual, self-sustaining units also allows warehouse managers to rearrange, expand, and relocate quickly and easily. From after-market parts distribution to climate-controlled storage, modular is one of 2020’s biggest warehousing trends.
Choose Vanguard for Your Modular Building Project in 2020
At Vanguard Modular Building Systems, we have the experience, integrity, and expertise to help you with any modular project. We serve a variety of industries, including:
- Education & Utility
- Healthcare & Medical
- Worship & Religion