Global Modular Construction Market by Types (Permanent and Relocatable), Module (Four-sided, Open-sided, Modules Supported by a Primary Structure , Partially Open-sided, Mixed Modules & Floor Cassettes, and Others), Material (Concrete, Steel, Wood, and Plastic), End-users (Residential, Commercial, Healthcare, Hospitality, Education, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts,2021-2028
The global modular construction market was valued at US$ 75.89 billion in 2021 and is projected to expand at $114.9 billion in 2028 at a CAGR of 6.1% during forecast period.
The systematic approach and the process of maintaining the stability and the erectness of the building is done by the modular construction, that is mainly constructed off-site using the controlled environment settings and then transported to the final location and assembled it. Modular construction deals with the variety of floor plans and new variation in the current generation technology.
Modular construction is widely adopted by the builders because of its affordability, environmental friendly nature, and economical factors. This leads to the most acquiring construction industries as there is huge demand from the residential and commercial sector.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing the presence of the global modular construction market with increasing number of government based initiative associated with the rising population is estimated to drive the market.
- High-tensile and light weight materials such as high strength steel, composites, and structural steel are growing due to its increasing demand. This is projected to drive the market.
- In the earthquake prone areas, there is lack of safety and security on modular construction, thus this hinders the market growth.
- Modular construction requires high cost logistics this restraints the growth of market.
- Implementation of building information modelling, growing infrastructural investment, rising construction projects are creating opportunities for the market players.
Scope of the report:
The report on modular construction market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Modular Construction Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018-2019 |
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Forecast Period |
2021-2028 |
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Segmentation |
Types (Permanent and Relocatable), Module (Four-sided, Open-sided, Modules Supported by a Primary Structure , Partially Open-sided, Mixed Modules & Floor Cassettes, and Others), Material (Concrete, Steel, Wood, and Plastic), End-users (Residential, Commercial, Healthcare, Hospitality, Education, and Others) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players covered in the Report |
AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co. Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG). |
Global Modular Construction Market Segment Insights:
The permanent segment is projected to hold significant market share
Based on types, the modular construction market is bifurcated into permanent and relocatable. The permanent segment is projected to hold significant market share owing to increasing demand for commercial and permanent housing structures. Permanent constructions are cheap and can easily build. Thus the segment has maximum growth in the market.
The four sided segment is estimated to grow at a rapid pace
On the basis of module, the modular construction market is segregated into four-sided, open-sided, modules supported by a primary structure, partially open-sided, mixed modules & floor cassettes, and others. The four sided segment is estimated to grow at a rapid pace during the forecast period. Four sided modules are designed to create the four closed sides’ cellular type space according to preferences.
The steel segment is expected to expand at a high CAGR during the forecast period
In terms of materials, the modular construction market is fragmented into concrete, steel, wood, and plastic. The steel segment is expected to expand at a high CAGR during the forecast period. In modular construction, the use of steel is done in large scale it holds the major share in this segment. The use of steel is done to make the modular kitchen trolleys, walls panel frames, door frames, and other construction that need the steel to get it highlighted. The main purpose to use steel in modular construction is its durability, flexibility, and strength and the maintenance cost is less as compare to any other metal.
The residential segment is projected to hold major market share
Based on end-users, the modular construction market is divided into residential, commercial, healthcare, hospitality, education, and others. The residential segment is projected to hold major market share during the forecast period. Modular constructions are resistant, strong, and flexible in nature.
North America is anticipated to dominate the global market
In terms of regions, the global modular construction market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market. This is due to the increasing number of contractors in the region to create a unique and combined modular structure in electrical and plumbing of the superstructure of building.
Segments
Segments Covered in the ReportBy Type
- Permanent
- Relocatable
- Four-sided
- Open-sided
- Modules Supported by a Primary Structure
- Partially Open-sided
- Mixed Modules & Floor Cassettes
- Others
- Concrete
- Steel
- Wood
- Plastic
- Residential
- Commercial
- Healthcare
- Hospitality
- Education
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- Laing O’Rourke
- Red Sea Housing
- Atco
- Bouygues Construction
- Vinci
- Skanska AB
- Algeco Scotsman
- Kef Katerra
- Lendlease Corporation
- Sekisui House Ltd
- KLEUSBERG GmbH & Co KG
- Dubox
- Wernick Group
- CIMC Modular Building Systems Holdings Co., Ltd
- RIKO Group
- Algeco.
Competitive Landscape
Key players in the modular construction market includes Laing O’Rourke, Red Sea Housing, Atco, Bouygues Construction, Vinci, Skanska AB, Algeco Scotsman, Kef Katerra, Lendlease Corporation, Sekisui House Ltd., KLEUSBERG GmbH & Co KG,Dubox,Wernick Group,CIMC Modular Building Systems Holdings Co., Ltd., RIKO Group, Algeco. Some of these players are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modular Construction Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modular Construction Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modular Construction Market - Supply Chain
4.5. Global Modular Construction Market Forecast
4.5.1. Modular Construction Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modular Construction Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Modular Construction Market Absolute $ Opportunity
5. Global Modular Construction Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Modular Construction Market Size and Volume Forecast by Types
5.3.1. Permanent Relocatable
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Modular Construction Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Modular Construction Market Size and Volume Forecast by End Users
6.3.1. Residential Commercial Healthcare Hospitality Education Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Modular Construction Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Modular Construction Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Modular Construction Demand Share Forecast, 2019-2026
8. North America Modular Construction Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Modular Construction Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Modular Construction Market Size and Volume Forecast by Types
8.4.1. Permanent Relocatable
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Modular Construction Market Size and Volume Forecast by End Users
8.7.1. Residential Commercial Healthcare Hospitality Education Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Modular Construction Demand Share Forecast, 2019-2026
9. Latin America Modular Construction Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Modular Construction Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Modular Construction Market Size and Volume Forecast by Types
9.4.1. Permanent Relocatable
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Modular Construction Market Size and Volume Forecast by End Users
9.7.1. Residential Commercial Healthcare Hospitality Education Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Modular Construction Demand Share Forecast, 2019-2026
10. Europe Modular Construction Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Modular Construction Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Modular Construction Market Size and Volume Forecast by Types
10.4.1. Permanent Relocatable
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Modular Construction Market Size and Volume Forecast by End Users
10.7.1. Residential Commercial Healthcare Hospitality Education Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Modular Construction Demand Share Forecast, 2019-2026
11. Asia Pacific Modular Construction Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Modular Construction Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Modular Construction Market Size and Volume Forecast by Types
11.4.1. Permanent Relocatable
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Modular Construction Market Size and Volume Forecast by End Users
11.7.1. Residential Commercial Healthcare Hospitality Education Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Modular Construction Demand Share Forecast, 2019-2026
12. Middle East & Africa Modular Construction Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Modular Construction Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Modular Construction Market Size and Volume Forecast by Types
12.4.1. Permanent Relocatable
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Modular Construction Market Size and Volume Forecast by End Users
12.7.1. Residential Commercial Healthcare Hospitality Education Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Modular Construction Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Modular Construction Market: Market Share Analysis
13.2. Modular Construction Distributors and Customers
13.3. Modular Construction Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Laing O’Rourke Red Sea Housing Atco Bouygues Construction Vinci Skanska AB
By Type
- Permanent
- Relocatable
- Four-sided
- Open-sided
- Modules Supported by a Primary Structure
- Partially Open-sided
- Mixed Modules & Floor Cassettes
- Others
- Concrete
- Steel
- Wood
- Plastic
- Residential
- Commercial
- Healthcare
- Hospitality
- Education
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- Laing O’Rourke
- Red Sea Housing
- Atco
- Bouygues Construction
- Vinci
- Skanska AB
- Algeco Scotsman
- Kef Katerra
- Lendlease Corporation
- Sekisui House Ltd
- KLEUSBERG GmbH & Co KG
- Dubox
- Wernick Group
- CIMC Modular Building Systems Holdings Co., Ltd
- RIKO Group
- Algeco.
Key players in the modular construction market includes Laing O’Rourke, Red Sea Housing, Atco, Bouygues Construction, Vinci, Skanska AB, Algeco Scotsman, Kef Katerra, Lendlease Corporation, Sekisui House Ltd., KLEUSBERG GmbH & Co KG,Dubox,Wernick Group,CIMC Modular Building Systems Holdings Co., Ltd., RIKO Group, Algeco. Some of these players are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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