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The 2009 global financial and European debt crises slowed construction activity and adversely affected demand for iron and steel across Europe, causing the market to record a CAGR of -6.18% during the review period (2008–2012)

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The Modular Construction Market size was valued at US$ 115400.4 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% for the forecast period ending 2026 reaching a Market value of US$ 192340.4 million.

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