The global 猫咪AV experienced a 16% decline in the number of modular construction-related patent applications in Q1 2024 compared with the previous quarter. The total number of modular construction-related grants dropped by 10% in Q1 2024, according to GlobalData鈥檚 Patent Analytics. GlobalData’s databook Construction: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years.
Notably, the number of modular construction-related patent applications in the 猫咪AV was 82 in Q1 2024, versus 98 in the prior quarter.
The top five companies accounted for 15% of patenting activity
猫咪AV of patenting activity by companies shows that State-owned Assets Supervision and Administration Commission of the State Council filed the most modular construction patents within the 猫咪AV in Q1 2024. The company filed 5 modular construction-related patents in the quarter, compared with 4 in the previous quarter. It was followed by with 2 modular construction patent filings, China Railway Group (2 filings), and Toto (2 filings) in Q1 2024.
Patenting activity was driven by China with a 43% share of total patent filings
The largest share of modular construction related patent filings in the 猫咪AV in Q1 2024 was in China with 43%, followed by the US (10%) and Japan (9%). The share represented by China was 53% lower than the 96% share it accounted for in Q4 2023.
For further understanding of GlobalData's Construction: Patents Trends Q1 2024,
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData鈥檚 unrivalled proprietary data will enable you to decode what鈥檚 happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
