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Global Modular Construction Market 2020 by Company, Regions, Type and Application, Forecast to 2025

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Date: 23-Feb-2020
No. of pages: 106

Market Overview

The global Modular Construction market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 5.3% in the forecast period of 2020 to 2025 and will expected to reach USD 114760 million by 2025, from USD 93410 million in 2019.

The Modular Construction market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation

Modular Construction market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Modular Construction market has been segmented into:

- Walls

- Roof & Floors

- Columns & Beams

- Other Product Types

By Application, Modular Construction has been segmented into:

- Commercial

- Residential

- Industrial

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the global Modular Construction market presented in the report. This section sheds light on the sales growth of different regional and country-level Modular Construction markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Modular Construction market.

The report offers in-depth assessment of the growth and other aspects of the Modular Construction market in important countries (regions), including:

- North America (United States, Canada and Mexico)

- Europe (Germany, France, UK, Russia and Italy)

- Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)

- South America (Brazil, Argentina, Colombia)

- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Competitive Landscape and Modular Construction Market Share Analysis

Modular Construction competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Modular Construction sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Modular Construction sales, revenue and market share for each player covered in this report.

The major players covered in Modular Construction are:

ACS Group

Red Sea Housing

LARSEN & TOUBRO

Skanska AB

Taisei Corporation

Komatsu

Bouygues Construction

Kiewit Corporation

Balfour Beatty

System House

Global Modular Construction Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Table of Contents

1 Modular Construction Market Overview
1.1 Product Overview and Scope of Modular Construction
1.2 Classification of Modular Construction by Type
1.2.1 Global Modular Construction Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Global Modular Construction Revenue Market Share by Type in 2019
1.2.3 Walls
1.2.4 Roof & Floors
1.2.5 Columns & Beams
1.2.6 Other Product Types
1.3 Global Modular Construction Market by Application
1.3.1 Overview: Global Modular Construction Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Commercial
1.3.3 Residential
1.3.4 Industrial
1.4 Global Modular Construction Market by Regions
1.4.1 Global Modular Construction Market Size by Regions: 2015 VS 2019 VS 2025
1.4.2 Global Market Size of Modular Construction (2015-2025)
1.4.3 North America (USA, Canada and Mexico) Modular Construction Status and Prospect (2015-2025)
1.4.4 Europe (Germany, France, UK, Russia and Italy) Modular Construction Status and Prospect (2015-2025)
1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Modular Construction Status and Prospect (2015-2025)
1.4.6 South America (Brazil, Argentina, Colombia) Modular Construction Status and Prospect (2015-2025)
1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Modular Construction Status and Prospect (2015-2025)
2 Company Profiles
2.1 ACS Group
2.1.1 ACS Group Details
2.1.2 ACS Group Major Business and Total Revenue (Financial Highlights) Analysis
2.1.3 ACS Group SWOT Analysis
2.1.4 ACS Group Product and Services
2.1.5 ACS Group Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.2 Red Sea Housing
2.2.1 Red Sea Housing Details
2.2.2 Red Sea Housing Major Business and Total Revenue (Financial Highlights) Analysis
2.2.3 Red Sea Housing SWOT Analysis
2.2.4 Red Sea Housing Product and Services
2.2.5 Red Sea Housing Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.3 LARSEN & TOUBRO
2.3.1 LARSEN & TOUBRO Details
2.3.2 LARSEN & TOUBRO Major Business and Total Revenue (Financial Highlights) Analysis
2.3.3 LARSEN & TOUBRO SWOT Analysis
2.3.4 LARSEN & TOUBRO Product and Services
2.3.5 LARSEN & TOUBRO Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.4 Skanska AB
2.4.1 Skanska AB Details
2.4.2 Skanska AB Major Business and Total Revenue (Financial Highlights) Analysis
2.4.3 Skanska AB SWOT Analysis
2.4.4 Skanska AB Product and Services
2.4.5 Skanska AB Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.5 Taisei Corporation
2.5.1 Taisei Corporation Details
2.5.2 Taisei Corporation Major Business and Total Revenue (Financial Highlights) Analysis
2.5.3 Taisei Corporation SWOT Analysis
2.5.4 Taisei Corporation Product and Services
2.5.5 Taisei Corporation Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.6 Komatsu
2.6.1 Komatsu Details
2.6.2 Komatsu Major Business and Total Revenue (Financial Highlights) Analysis
2.6.3 Komatsu SWOT Analysis
2.6.4 Komatsu Product and Services
2.6.5 Komatsu Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.7 Bouygues Construction
2.7.1 Bouygues Construction Details
2.7.2 Bouygues Construction Major Business and Total Revenue (Financial Highlights) Analysis
2.7.3 Bouygues Construction SWOT Analysis
2.7.4 Bouygues Construction Product and Services
2.7.5 Bouygues Construction Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.8 Kiewit Corporation
2.8.1 Kiewit Corporation Details
2.8.2 Kiewit Corporation Major Business and Total Revenue (Financial Highlights) Analysis
2.8.3 Kiewit Corporation SWOT Analysis
2.8.4 Kiewit Corporation Product and Services
2.8.5 Kiewit Corporation Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.9 Balfour Beatty
2.9.1 Balfour Beatty Details
2.9.2 Balfour Beatty Major Business and Total Revenue (Financial Highlights) Analysis
2.9.3 Balfour Beatty SWOT Analysis
2.9.4 Balfour Beatty Product and Services
2.9.5 Balfour Beatty Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
2.10 System House
2.10.1 System House Details
2.10.2 System House Major Business and Total Revenue (Financial Highlights) Analysis
2.10.3 System House SWOT Analysis
2.10.4 System House Product and Services
2.10.5 System House Modular Construction Revenue, Gross Margin and Market Share (2018-2019)
3 Market Competition, by Players
3.1 Global Modular Construction Revenue and Share by Players (2015-2020)
3.2 Market Concentration Rate
3.2.1 Top 5 Modular Construction Players Market Share
3.2.2 Top 10 Modular Construction Players Market Share
3.3 Market Competition Trend
4 Market Size by Regions
4.1 Global Modular Construction Revenue and Market Share by Regions
4.2 North America Modular Construction Revenue and Growth Rate (2015-2020)
4.3 Europe Modular Construction Revenue and Growth Rate (2015-2020)
4.4 Asia-Pacific Modular Construction Revenue and Growth Rate (2015-2020)
4.5 South America Modular Construction Revenue and Growth Rate (2015-2020)
4.6 Middle East & Africa Modular Construction Revenue and Growth Rate (2015-2020)
5 North America Modular Construction Revenue by Countries
5.1 North America Modular Construction Revenue by Countries (2015-2020)
5.2 USA Modular Construction Revenue and Growth Rate (2015-2020)
5.3 Canada Modular Construction Revenue and Growth Rate (2015-2020)
5.4 Mexico Modular Construction Revenue and Growth Rate (2015-2020)
6 Europe Modular Construction Revenue by Countries
6.1 Europe Modular Construction Revenue by Countries (2015-2020)
6.2 Germany Modular Construction Revenue and Growth Rate (2015-2020)
6.3 UK Modular Construction Revenue and Growth Rate (2015-2020)
6.4 France Modular Construction Revenue and Growth Rate (2015-2020)
6.5 Russia Modular Construction Revenue and Growth Rate (2015-2020)
6.6 Italy Modular Construction Revenue and Growth Rate (2015-2020)
7 Asia-Pacific Modular Construction Revenue by Countries
7.1 Asia-Pacific Modular Construction Revenue by Countries (2015-2020)
7.2 China Modular Construction Revenue and Growth Rate (2015-2020)
7.3 Japan Modular Construction Revenue and Growth Rate (2015-2020)
7.4 Korea Modular Construction Revenue and Growth Rate (2015-2020)
7.5 India Modular Construction Revenue and Growth Rate (2015-2020)
7.6 Southeast Asia Modular Construction Revenue and Growth Rate (2015-2020)
8 South America Modular Construction Revenue by Countries
8.1 South America Modular Construction Revenue by Countries (2015-2020)
8.2 Brazil Modular Construction Revenue and Growth Rate (2015-2020)
8.3 Argentina Modular Construction Revenue and Growth Rate (2015-2020)
9 Middle East & Africa Revenue Modular Construction by Countries
9.1 Middle East & Africa Modular Construction Revenue by Countries (2015-2020)
9.2 Saudi Arabia Modular Construction Revenue and Growth Rate (2015-2020)
9.3 UAE Modular Construction Revenue and Growth Rate (2015-2020)
9.4 Egypt Modular Construction Revenue and Growth Rate (2015-2020)
9.5 South Africa Modular Construction Revenue and Growth Rate (2015-2020)
10 Market Size Segment by Type
10.1 Global Modular Construction Revenue and Market Share by Type (2015-2020)
10.2 Global Modular Construction Market Forecast by Type (2019-2024)
10.3 Walls Revenue Growth Rate (2015-2025)
10.4 Roof & Floors Revenue Growth Rate (2015-2025)
10.5 Columns & Beams Revenue Growth Rate (2015-2025)
10.6 Other Product Types Revenue Growth Rate (2015-2025)
11 Global Modular Construction Market Segment by Application
11.1 Global Modular Construction Revenue Market Share by Application (2015-2020)
11.2 Modular Construction Market Forecast by Application (2019-2024)
11.3 Commercial Revenue Growth (2015-2020)
11.4 Residential Revenue Growth (2015-2020)
11.5 Industrial Revenue Growth (2015-2020)
12 Global Modular Construction Market Size Forecast (2021-2025)
12.1 Global Modular Construction Market Size Forecast (2021-2025)
12.2 Global Modular Construction Market Forecast by Regions (2021-2025)
12.3 North America Modular Construction Revenue Market Forecast (2021-2025)
12.4 Europe Modular Construction Revenue Market Forecast (2021-2025)
12.5 Asia-Pacific Modular Construction Revenue Market Forecast (2021-2025)
12.6 South America Modular Construction Revenue Market Forecast (2021-2025)
12.7 Middle East & Africa Modular Construction Revenue Market Forecast (2021-2025)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
14.3 Disclaimer
14.4 About US

List of Tables

Table 1. Global Modular Construction Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Modular Construction by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Modular Construction Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Global Market Modular Construction Revenue (Million USD) Comparison by Regions 2015-2025
Table 5. ACS Group Corporate Information, Location and Competitors
Table 6. ACS Group Modular Construction Major Business
Table 7. ACS Group Modular Construction Total Revenue (USD Million) (2017-2018)
Table 8. ACS Group SWOT Analysis
Table 9. ACS Group Modular Construction Product and Solutions
Table 10. ACS Group Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 11. Red Sea Housing Corporate Information, Location and Competitors
Table 12. Red Sea Housing Modular Construction Major Business
Table 13. Red Sea Housing Modular Construction Total Revenue (USD Million) (2018-2019)
Table 14. Red Sea Housing SWOT Analysis
Table 15. Red Sea Housing Modular Construction Product and Solutions
Table 16. Red Sea Housing Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 17. LARSEN & TOUBRO Corporate Information, Location and Competitors
Table 18. LARSEN & TOUBRO Modular Construction Major Business
Table 19. LARSEN & TOUBRO Modular Construction Total Revenue (USD Million) (2017-2018)
Table 20. LARSEN & TOUBRO SWOT Analysis
Table 21. LARSEN & TOUBRO Modular Construction Product and Solutions
Table 22. LARSEN & TOUBRO Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 23. Skanska AB Corporate Information, Location and Competitors
Table 24. Skanska AB Modular Construction Major Business
Table 25. Skanska AB Modular Construction Total Revenue (USD Million) (2017-2018)
Table 26. Skanska AB SWOT Analysis
Table 27. Skanska AB Modular Construction Product and Solutions
Table 28. Skanska AB Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 29. Taisei Corporation Corporate Information, Location and Competitors
Table 30. Taisei Corporation Modular Construction Major Business
Table 31. Taisei Corporation Modular Construction Total Revenue (USD Million) (2017-2018)
Table 32. Taisei Corporation SWOT Analysis
Table 33. Taisei Corporation Modular Construction Product and Solutions
Table 34. Taisei Corporation Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 35. Komatsu Corporate Information, Location and Competitors
Table 36. Komatsu Modular Construction Major Business
Table 37. Komatsu Modular Construction Total Revenue (USD Million) (2017-2018)
Table 38. Komatsu SWOT Analysis
Table 39. Komatsu Modular Construction Product and Solutions
Table 40. Komatsu Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 41. Bouygues Construction Corporate Information, Location and Competitors
Table 42. Bouygues Construction Modular Construction Major Business
Table 43. Bouygues Construction Modular Construction Total Revenue (USD Million) (2017-2018)
Table 44. Bouygues Construction SWOT Analysis
Table 45. Bouygues Construction Modular Construction Product and Solutions
Table 46. Bouygues Construction Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 47. Kiewit Corporation Corporate Information, Location and Competitors
Table 48. Kiewit Corporation Modular Construction Major Business
Table 49. Kiewit Corporation Modular Construction Total Revenue (USD Million) (2017-2018)
Table 50. Kiewit Corporation SWOT Analysis
Table 51. Kiewit Corporation Modular Construction Product and Solutions
Table 52. Kiewit Corporation Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 53. Balfour Beatty Corporate Information, Location and Competitors
Table 54. Balfour Beatty Modular Construction Major Business
Table 55. Balfour Beatty Modular Construction Total Revenue (USD Million) (2017-2018)
Table 56. Balfour Beatty SWOT Analysis
Table 57. Balfour Beatty Modular Construction Product and Solutions
Table 58. Balfour Beatty Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 59. System House Corporate Information, Location and Competitors
Table 60. System House Modular Construction Major Business
Table 61. System House Modular Construction Total Revenue (USD Million) (2017-2018)
Table 62. System House SWOT Analysis
Table 63. System House Modular Construction Product and Solutions
Table 64. System House Modular Construction Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 65. Global Modular Construction Revenue (Million USD) by Players (2015-2020)
Table 66. Global Modular Construction Revenue Share by Players (2015-2020)
Table 67. Global Modular Construction Revenue (Million USD) by Regions (2015-2020)
Table 68. Global Modular Construction Revenue Market Share by Regions (2015-2020)
Table 69. North America Modular Construction Revenue by Countries (2015-2020)
Table 70. North America Modular Construction Revenue Market Share by Countries (2015-2020)
Table 71. Europe Modular Construction Revenue (Million USD) by Countries (2015-2020)
Table 72. Asia-Pacific Modular Construction Revenue (Million USD) by Countries (2015-2020)
Table 73. South America Modular Construction Revenue by Countries (2015-2020)
Table 74. South America Modular Construction Revenue Market Share by Countries (2015-2020)
Table 75. Middle East and Africa Modular Construction Revenue (Million USD) by Countries (2015-2020)
Table 76. Middle East and Africa Modular Construction Revenue Market Share by Countries (2015-2020)
Table 77. Global Modular Construction Revenue (Million USD) by Type (2015-2020)
Table 78. Global Modular Construction Revenue Share by Type (2015-2020)
Table 79. Global Modular Construction Revenue Forecast by Type (2021-2025)
Table 80. Global Modular Construction Revenue by Application (2015-2020)
Table 81. Global Modular Construction Revenue Share by Application (2015-2020)
Table 82. Global Modular Construction Revenue Forecast by Application (2021-2025)
Table 83. Global Modular Construction Revenue (Million USD) Forecast by Regions (2021-2025)

List of Figures

Figure 1. Modular Construction Picture
Figure 2. Global Modular Construction Revenue Market Share by Type in 2019
Figure 3. Walls Picture
Figure 4. Roof & Floors Picture
Figure 5. Columns & Beams Picture
Figure 6. Other Product Types Picture
Figure 7. Modular Construction Revenue Market Share by Application in 2019
Figure 8. Commercial Picture
Figure 9. Residential Picture
Figure 10. Industrial Picture
Figure 11. Global Modular Construction Revenue (USD Million) and Growth Rate (2015-2025)
Figure 12. North America Modular Construction Revenue (Million USD) and Growth Rate (2015-2025)
Figure 13. Europe Modular Construction Revenue (Million USD) and Growth Rate (2015-2025)
Figure 14. Asia-Pacific Modular Construction Revenue (Million USD) and Growth Rate (2015-2025)
Figure 15. South America Modular Construction Revenue (Million USD) and Growth Rate (2015-2025)
Figure 16. Middle East and Africa Modular Construction Revenue (Million USD) and Growth Rate (2015-2025)
Figure 17. Global Modular Construction Revenue (Million USD) and Growth Rate (2015-2025)
Figure 18. Global Modular Construction Revenue Share by Players in 2019
Figure 19. Global Top 5 Players Modular Construction Revenue Market Share in 2019
Figure 20. Global Top 10 Players Modular Construction Revenue Market Share in 2019
Figure 21. Key Players Market Share Trend
Figure 22. Global Modular Construction Revenue (Million USD) and Growth Rate (%) (2015-2020)
Figure 23. Global Modular Construction Revenue Market Share by Regions (2015-2020)
Figure 24. Global Modular Construction Revenue Market Share by Regions in 2018
Figure 25. North America Modular Construction Revenue and Growth Rate (2015-2020)
Figure 26. Europe Modular Construction Revenue and Growth Rate (2015-2020)
Figure 27. Asia-Pacific Modular Construction Revenue and Growth Rate (2015-2020)
Figure 28. South America Modular Construction Revenue and Growth Rate (2015-2020)
Figure 29. Middle East and Africa Modular Construction Revenue and Growth Rate (2015-2020)
Figure 30. North America Modular Construction Revenue Market Share by Countries (2015-2020)
Figure 31. North America Modular Construction Revenue Market Share by Countries in 2019
Figure 32. USA Modular Construction Revenue and Growth Rate (2015-2020)
Figure 33. Canada Modular Construction Revenue and Growth Rate (2015-2020)
Figure 34. Mexico Modular Construction Revenue and Growth Rate (2015-2020)
Figure 35. Europe Modular Construction Revenue Market Share by Countries (2015-2020)
Figure 36. Europe Modular Construction Revenue Market Share by Countries in 2019
Figure 37. Germany Modular Construction Revenue and Growth Rate (2015-2020)
Figure 38. UK Modular Construction Revenue and Growth Rate (2015-2020)
Figure 39. France Modular Construction Revenue and Growth Rate (2015-2020)
Figure 40. Russia Modular Construction Revenue and Growth Rate (2015-2020)
Figure 41. Italy Modular Construction Revenue and Growth Rate (2015-2020)
Figure 42. Asia-Pacific Modular Construction Revenue Market Share by Countries (2015-2020)
Figure 43. Asia-Pacific Modular Construction Revenue Market Share by Countries in 2019
Figure 44. China Modular Construction Revenue and Growth Rate (2015-2020)
Figure 45. Japan Modular Construction Revenue and Growth Rate (2015-2020)
Figure 46. Korea Modular Construction Revenue and Growth Rate (2015-2020)
Figure 47. India Modular Construction Revenue and Growth Rate (2015-2020)
Figure 48. Southeast Asia Modular Construction Revenue and Growth Rate (2015-2020)
Figure 49. South America Modular Construction Revenue Market Share by Countries (2015-2020)
Figure 50. South America Modular Construction Revenue Market Share by Countries in 2019
Figure 51. Brazil Modular Construction Revenue and Growth Rate (2015-2020)
Figure 52. Argentina Modular Construction Revenue and Growth Rate (2015-2020)
Figure 53. Middle East and Africa Modular Construction Revenue Market Share by Countries (2015-2020)
Figure 54. Middle East and Africa Modular Construction Revenue Market Share by Countries in 2019
Figure 55. Saudi Arabia Modular Construction Revenue and Growth Rate (2015-2020)
Figure 56. UAE Modular Construction Revenue and Growth Rate (2015-2020)
Figure 57. Egypt Modular Construction Revenue and Growth Rate (2015-2020)
Figure 58. South Africa Modular Construction Revenue and Growth Rate (2015-2020)
Figure 59. Global Modular Construction Revenue Share by Type (2015-2020)
Figure 60. Global Modular Construction Revenue Share by Type in 2019
Figure 61. Global Modular Construction Market Share Forecast by Type (2021-2025)
Figure 62. Global Walls Revenue Growth Rate (2015-2020)
Figure 63. Global Roof & Floors Revenue Growth Rate (2015-2020)
Figure 64. Global Columns & Beams Revenue Growth Rate (2015-2020)
Figure 65. Global Other Product Types Revenue Growth Rate (2015-2020)
Figure 66. Global Modular Construction Revenue Share by Application (2015-2020)
Figure 67. Global Modular Construction Revenue Share by Application in 2019
Figure 68. Global Modular Construction Market Share Forecast by Application (2021-2025)
Figure 69. Global Commercial Revenue Growth Rate (2015-2020)
Figure 70. Global Residential Revenue Growth Rate (2015-2020)
Figure 71. Global Industrial Revenue Growth Rate (2015-2020)
Figure 72. Global Modular Construction Revenue (Million USD) and Growth Rate Forecast (2021-2025)
Figure 73. Global Modular Construction Revenue (Million USD) Forecast by Regions (2021-2025)
Figure 74. Global Modular Construction Revenue Market Share Forecast by Regions (2021-2025)
Figure 75. North America Modular Construction Revenue Market Forecast (2021-2025)
Figure 76. Europe Modular Construction Revenue Market Forecast (2021-2025)
Figure 77. Asia-Pacific Modular Construction Revenue Market Forecast (2021-2025)
Figure 78. South America Modular Construction Revenue Market Forecast (2021-2025)
Figure 79. Middle East and Africa Modular Construction Revenue Market Forecast (2021-2025)
Figure 80. Sales Channel: Direct Channel vs Indirect Channel
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