The global modular bamboo market is valued at approximately $1.25 billion in 2023 and is expected to grow at a healthy rate of 4.58% over the forecast period 2024-2032. Modular bamboo, a sustainable and eco-friendly construction material, is gaining traction due to its rapid regrowth, minimal environmental impact, and versatility.
Key drivers of market growth include:
– Increasing focus on sustainable and eco-friendly building materials
– Investments in infrastructure development
– Government policies and funding promoting sustainable construction methods
Asia-Pacific dominates the market, accounting for a significant share due to abundant bamboo resources, rich craftsmanship, and growing demand for sustainable materials. The region is expected to grow at the fastest rate during the forecast period.
Major players in the market include:
– Moso International BV
– Fujian HeQiChang Bamboo Product Co., Ltd.
– Bali Prefab
– World Smith & Fong Company
The market is segmented by type, application, end-use industry, and region, providing a comprehensive understanding of the industry.
Source: taiwannews.com.tw
Image Courtesy: Digital Construction Hub
