Home
Construction & Manufacturing
Construction & Improvement
Modular Construction Market Size, Share, Trend | Report 2031

Modular Construction Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - 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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

CM-3873
4.9 Rating
220 Pages

Upcoming
71 Reviews

Author:

Raksha Sharma

Fact-checked by:

Vineet Pandey

Editor:

Rucha Phatak

Report Description

The global modular construction market size was valued at USD 80.52 Billion in 2022 and is projected to expand at USD 137.20 Billion in 2031 at a CAGR of 6.1% during forecast period, 2023-2031.

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. Advanced 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.

Modular Construction 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 Modular Construction Market 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.

Attributes	Details
Report Title	Modular Construction Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016 - 2021
Forecast Period	2023 - 2031
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)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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).

Modular Construction Market Segment Insights

Types Segment Analysis

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.

Module Segment Analysis

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.

Materials Segment Analysis

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.

End-Users Segment Analysis

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.

Regional Analysis

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

Type

Permanent
Relocatable

Module

Four-sided
Open-sided
Modules Supported by a Primary Structure
Partially Open-sided
Mixed Modules & Floor Cassettes
Others

Material

Concrete
Steel
Wood
Plastic

End User

Residential
Commercial
Healthcare
Hospitality
Education
Others

Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

Key Players

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.

Table Of Content

1. Executive Summary
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 (000â€™ 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
     5.3.2. 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
     6.3.2. Commercial
     6.3.3. Healthcare
     6.3.4. Hospitality
     6.3.5. Education
     6.3.6. 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
     8.4.2. 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
     8.7.2. Commercial
     8.7.3. Healthcare
     8.7.4. Hospitality
     8.7.5. Education
     8.7.6. 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
     9.4.2. 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
     9.7.2. Commercial
     9.7.3. Healthcare
     9.7.4. Hospitality
     9.7.5. Education
     9.7.6. 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
     10.4.2. 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
     10.7.2. Commercial
     10.7.3. Healthcare
     10.7.4. Hospitality
     10.7.5. Education
     10.7.6. 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
     11.4.2. 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
     11.7.2. Commercial
     11.7.3. Healthcare
     11.7.4. Hospitality
     11.7.5. Education
     11.7.6. 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
     12.4.2. 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
     12.7.2. Commercial
     12.7.3. Healthcare
     12.7.4. Hospitality
     12.7.5. Education
     12.7.6. 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
     13.4.2. Red Sea Housing
     13.4.3. Atco
     13.4.4. Bouygues Construction
     13.4.5. Vinci
     13.4.6. Skanska AB
     13.4.7. Algeco Scotsman
     13.4.8. Kef Katerra
     13.4.9. Lendlease Corporation
     13.4.10. Sekisui House Ltd
     13.4.11. KLEUSBERG GmbH & Co KG
     13.4.12. Dubox
     13.4.13. Wernick Group
     13.4.14. CIMC Modular Building Systems Holdings Co., Ltd
     13.4.15. RIKO Group
     13.4.16. Algeco.

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By