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Global Modular Construction Market by Type (Permanent, Relocatable), Module, Material (Wood, Steel, Concrete), End-Use Industry (Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare), Region - Forecast to 2029- Product Image
Global Modular Construction Market by Type (Permanent, Relocatable), Module, Material (Wood, Steel, Concrete), End-Use Industry (Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare), Region - Forecast to 2029- Product Image
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Global Modular Construction Market by Type (Permanent, Relocatable), Module, Material (Wood, Steel, Concrete), End-Use Industry (Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare), Region - Forecast to 2029

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    Report

  • 284 Pages
  • April 2024
  • Region: Global
  • Markets and Markets
  • ID: 5136167
Description Jump to:
The global modular construction market size is projected to grow from USD 104.1 billion in 2024 to USD 140.8 billion by 2029, at a CAGR of 6.2% during the forecast period. Shorter project schedules, housing shortages in many regions, financial construction requirements, and workforce scarcities, are the factors that drive the growth of the modular construction market.

By Type, Permanent modular construction segment to account for major market share

Permanent modular construction dominates the modular construction market due to its versatility, durability, and suitability for diverse building applications. Unlike relocatable modular construction, which is often used for temporary structures, permanent modular construction offers long-lasting solutions with greater design flexibility and customization options. The consistent standards of safety, quality, and durability associated with permanent modular construction make it a preferred choice for developers and clients seeking reliable building solutions.

By Material, steel to account for highest growth rate during the forecast period

Steel is the fastest growing segment in the modular construction market due to several key advantages. Firstly, steel is incredibly strong and durable, providing superior structural integrity and resistance to environmental factors such as moisture, pests, and fire. This strength allows for larger, more complex structures to be built using steel, expanding the scope of modular construction projects. Additionally, steel's lightweight nature facilitates easier transportation and assembly of modular components, reducing construction time and costs.

Furthermore, steel is highly versatile and can be easily customized to meet specific design requirements, offering architects and developers greater flexibility in their projects. Finally, steel is a sustainable building material, as it is often made from recycled materials and is fully recyclable at the end of its lifespan, aligning with the growing emphasis on eco-friendly construction practices. These advantages collectively contribute to the rapid growth of steel in the modular construction market, making it the preferred choice for many developers and builders.

By End Use Industry, Residential segment to account for the highest CAGR during the forecast period

The residential segment is experiencing rapid growth in the modular construction market due to several factors. The increasing demand for affordable housing solutions, particularly in urban areas, has propelled the adoption of modular construction techniques, which offer cost-effective and efficient building solutions. Additionally, modular construction allows for faster project completion times compared to traditional methods, enabling developers to meet the pressing need for housing more quickly.

By region, Asia Pacific modular construction market is projected to grow at the highest CAGR during the forecast period.

Asia Pacific region is expected to expand at the highest CAGR from 2024 to 2029. Factors like easy and complete accessibility of raw materials and workforce, advanced technologies, have propelled the development of the economy in the Asia Pacific region. Additionally, rapid urbanization and industrialization in countries like China, Japan, and India are driving greater manufacturing and construction activities and, consequently, increasing demand for modular construction.
  • By Company: Tier1: 40%, Tier 2: 25%, Tier3: 4: 35%
  • By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
  • By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, South America: 5%, and Middle East & Africa: 5%.
Companies covered include Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Modulaire Group (UK), Bechtel Corporation (US), Fluor Corporation (US), Lendlease Corporation (Australia), Kleusberg GmbH (Germany), and others are covered in the modular construction market.

Research Coverage

The market study covers the modular construction market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, material, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the modular construction market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall modular construction market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Investments in infrastructure industry, increasing work-zone safety and building sustainability), restraints (Risk of transportation and assembly issues in modular constructions), opportunities (Population growth and urbanization translating to increased number of construction projects), and challenges (Lack of experts in the market) influencing the growth of the modular construction market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the modular construction market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the modular construction market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the modular construction market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Modulaire Group (UK), Bechtel Corporation (US), Fluor Corporation (US), Lendlease Corporation (Australia), Kleusberg GmbH (Germany) among others in the modular construction market. The report also helps stakeholders understand the pulse of the modular construction market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Modular Construction Market Segmentation
1.3.2 Years Considered
1.3.3 Regional Scope
Figure 2 Modular Construction Market, by Region
1.4 Inclusions and Exclusions
Table 1 Inclusions and Exclusions
1.5 Currency Considered
1.6 Limitations
1.7 Unit Considered
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 3 Modular Construction Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3 Data Triangulation
Figure 6 Modular Construction Market: Data Triangulation
2.4 Key Market Insights
2.5 Impact of Recession
2.6 Research Assumptions
2.6.1 Limits and Risks Associated
2.6.2 Risk Assessment
Table 2 Risk Assessment in Modular Construction Market
3 Executive Summary
Figure 7 Permanent Modular Segment to Lead Market by 2029
Figure 8 Wood to Lead Modular Construction Market During Forecast Period
Figure 9 Healthcare Segment to Grow at Fastest Rate During Forecast Period
Figure 10 Asia-Pacific Led Modular Construction Market in 2023
4 Premium Insights
4.1 Asian Economies to Witness Relatively Higher Growth Rate for Modular Construction Market
Figure 11 Attractive Opportunities for Players in Modular Construction Market
4.2 Asia-Pacific: Modular Construction Market, by Type and Material, 2023
Figure 12 Permanent Modular Construction Accounted for Larger Share in Terms of Volume
4.3 Asia-Pacific: Modular Construction Market, by End-use Industry and Country, 2023
Figure 13 Residential Accounted for Largest Share in Terms of Volume
4.4 Modular Construction Market, by Country
Figure 14 Modular Construction Market in China to Grow at Highest CAGR
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Drivers, Restraints, Opportunities, and Challenges in Modular Construction Market
5.2.1 Drivers
5.2.1.1 Need for Time-Saving and Cost-Effective Construction
5.2.1.2 Investments in Infrastructure Industry
Figure 16 Percentage Annual Growth Rate for Industry Including Construction
5.2.1.3 Increasing Work-Zone Safety and Building Sustainability
5.2.1.4 Ease of Relocation of Modular Buildings
5.2.1.5 Supportive Government Initiatives
5.2.2 Restraints
5.2.2.1 Risks of Transportation and Assembly Issues in Modular Construction
5.2.2.2 Lack of Awareness in Developing Economies
5.2.3 Opportunities
5.2.3.1 Population Growth and Urbanization Translating to Increased Number of Construction Projects
Figure 17 Increasing Population Trend in Different Regions
Table 3 Asia-Pacific Urbanization Trend, 1990-2050
5.2.3.2 Increasing Demand for High-End Residential and Multi-Story Buildings
Figure 18 Buildings 200 Meters or Taller Completed in 2022, by Region
5.2.3.3 Housing Crisis in Developed Countries
5.2.4 Challenges
5.2.4.1 Lack of Experts in Market
5.2.4.2 Volatility in Transportation Charges
5.3 Trends & Disruptions Impacting Customer's Business
Figure 19 Revenue Shift for Modular Construction Manufacturers
5.4 Pricing Analysis
Figure 20 Average Selling Price Trend of Modular Construction of Key Players, by Top 3 End-use Industries
Table 4 Average Price Trend of Modular Construction of Key Players, by Top 3 End-use Industries (USD/Square Foot), 2023
Figure 21 Average Selling Price Trend, by Region (USD/Square Foot)
Table 5 Average Price Trend, by Region (USD/Square Foot)
5.5 Value Chain Analysis
Figure 22 Supply Chain Analysis
5.5.1 Prominent Companies
5.5.2 Small & Medium-Sized Enterprises
5.5.3 Design
5.5.4 Engineering
5.5.5 Permits & Approvals
5.5.6 Site Development & Building Foundation
5.5.7 Plant Fabrication
5.5.8 Transportation
5.5.9 Installation
Figure 23 Value Chain Analysis
5.6 Ecosystem/Market Map
Figure 24 Ecosystem Mapping
Table 6 Ecosystem of Modular Construction Market
Figure 25 Ecosystem Mapping Analysis
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.2 Complementary Technology
5.7.3 Adjacent Technology
5.8 Patent Analysis
5.8.1 Introduction
5.8.2 Methodology
5.8.3 Modular Construction Market, Patent Analysis (2014-2023)
Figure 26 List of Major Patents for Modular Construction Market (2014-2023)
Table 7 List of Patents for Modular Construction
5.9 Trade Analysis
Figure 27 Export Scenario, HS Code 9406: Prefabricated Buildings, Whether or Not Complete or Already Assembled (USD Million)
Figure 28 Import Scenario, HS Code 9406: Prefabricated Buildings, Whether or Not Complete or Already Assembled (USD Million)
5.10 Key Conferences and Events in 2024-2025
Table 8 Modular Construction Market: Detailed List of Conferences & Events, 2024-2025
5.11 Tariff and Regulatory Landscape
5.11.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12 Tariff and Regulatory Landscape
5.12.1 Average Tariff Rates
Table 11 Tariff Related to Prefabricated Buildings, Whether or Not Complete or Already Assembled
5.12.2 Regulations in Modular Construction Market
5.12.2.1 Icc/Mbi 1200-2021 Standard for Off-Site Construction
5.12.2.2 Icc/Mbi 1205-2021 Standard for Off-Site Construction
5.12.2.3 Csa A277 Standard
5.12.2.4 Csa Z240 Mh Series-16 (R2021) Standard
5.12.2.5 Csa Z240.10.1:19 Standard
5.13 Porter's Five Forces Analysis
Figure 29 Porter's Five Forces Analysis
Table 12 Modular Construction Market: Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Threat of Substitutes
5.13.3 Bargaining Power of Suppliers
5.13.4 Bargaining Power of Buyers
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 30 Influence of Stakeholders on Buying Process
Table 13 Influence of Stakeholders on Buying Process of Modular Construction Market
5.14.2 Buying Criteria
Figure 31 Key Buying Criteria for Top Three End-use Industries
Table 14 Key Buying Criteria for Modular Construction in Top Three End-use Industries
5.15 Case Study Analysis
5.15.1 Modular Construction Manufacturer Helped in Speedy Construction of School
5.15.2 Major Modular Construction Company Helped Pharmaceutical Company Deliver Temporary Spaces
5.15.3 Modular Construction Delivered Sustainable Hospital Complex
5.16 Investment and Funding Scenario
Figure 32 Investment and Funding Scenario
5.17 Macroeconomic Indicators
5.17.1 Introduction
5.17.2 GDP Trends and Forecasts
Table 15 World GDP Growth Projection, 2021-2028 (USD Trillion)
5.17.3 Construction Industry as Percentage of GDP and Its Impact on Modular Construction
Table 16 Construction as Percentage of GDP, by Key Country, 2021
6 Modular Construction Market, by Type
6.1 Introduction
Figure 33 Permanent Modular Construction to Dominate Market During Forecast Period
Table 17 Modular Construction Market, by Type, 2022-2029 (USD Million)
Table 18 Modular Construction Market, by Type, 2022-2029 (Thousand Square Feet)
6.2 Permanent Modular Construction
6.2.1 Efficient Time and Labor Management to Drive Market
6.3 Relocatable Modular Construction
6.3.1 Ease of Relocation, Fast Delivery, and Low Cost to Drive Market
7 Modular Construction Market, by Module
7.1 Introduction
7.2 Four-Sided Modules
7.2.1 Use of Cellular Buildings to Propel Market
7.3 Open-Sided Modules
7.3.1 Increased Utilization in Low-Rise and Residential Buildings to Drive Market
7.4 Partially Open-Sided Modules
7.4.1 Increased Construction Speed Irrespective of Weather Fluctuations to Drive Market
7.5 Mixed Modules and Floor Cassettes
7.5.1 Restrictions due to Increased Load on Modules in Construction to Limit Market
7.6 Modules Supported by Primary Structures
7.6.1 Use in Mixed Retail and Commercial Constructions to Drive Market
7.7 Other Modules
8 Modular Construction Market, by Material
8.1 Introduction
Figure 34 Steel to be Fastest-Growing Segment During Forecast Period
Table 19 Modular Construction Market, by Material, 2018-2021 (USD Million)
Table 20 Modular Construction Market, by Material, 2018-2021 (Thousand Square Feet)
Table 21 Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 22 Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
8.2 Concrete
8.2.1 Increased Durability to Stimulate Demand
8.3 Steel
8.3.1 Improved Structural Integrity, Design Flexibility, Strength, Durability, and Fire Resistance to Drive Market
8.4 Wood
8.4.1 Cost-Effectiveness and Easy Transportation to Drive Market
9 Modular Construction Market, by End-use Industry
9.1 Introduction
Figure 35 Residential Segment to Lead Market During Forecast Period
Table 23 Modular Construction Market, by End-use Industry, 2018-2021 (USD Million)
Table 24 Modular Construction Market, by End-use Industry, 2018-2021 (Thousand Square Feet)
Table 25 Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 26 Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
9.2 Residential
9.2.1 Eco-Friendly and Cost-Effective Properties of Modular Construction to Drive Market
9.3 Retail & Commercial
9.3.1 Ease of Relocation, Low-Cost Reconfiguration, and Fast Delivery to Drive Market
9.4 Healthcare
9.4.1 Short Construction Schedules and Reduced Costs to Drive Market
9.5 Education
9.5.1 Cost Efficiency, Superior Build Time, and Off-Site Construction Potential to Drive Market
9.6 Hospitality
9.6.1 Growing Number of Tourists and Strong Tourism Sector to Drive Market
9.7 Office
9.7.1 Lesser Time and Disruptions in Ongoing Work Environment to Drive Market
9.8 Other End-use Industries
10 Modular Construction Market, by Region
10.1 Introduction
Figure 36 China to Record Fastest Growth During Forecast Period
Figure 37 Asia-Pacific Market to Record Fastest Growth During Forecast Period
Table 27 Modular Construction Market, by Region, 2022-2029 (USD Million)
Table 28 Modular Construction Market, by Region, 2022-2029 (Thousand Square Feet)
10.2 Asia-Pacific
10.2.1 Recession Impact
Figure 38 Asia-Pacific: Modular Construction Market Snapshot
Table 29 Asia-Pacific: Modular Construction Market, by Country, 2022-2029 (USD Million)
Table 30 Asia-Pacific: Modular Construction Market, by Country, 2022-2029 (Thousand Square Feet)
Table 31 Asia-Pacific: Modular Construction Market, by Material, 2018-2021 (USD Million)
Table 32 Asia-Pacific: Modular Construction Market, by Material, 2018-2021 (Thousand Square Feet)
Table 33 Asia-Pacific: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 34 Asia-Pacific: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 35 Asia-Pacific: Modular Construction Market, by End-use Industry, 2018-2021 (USD Million)
Table 36 Asia-Pacific: Modular Construction Market, by End-use Industry, 2018-2021 (Thousand Square Feet)
Table 37 Asia-Pacific: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 38 Asia-Pacific: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.2.2 China
10.2.2.1 Government Initiatives and Favorable Policies to Drive Market
Table 39 China: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 40 China: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 41 China: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 42 China: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.2.3 Japan
10.2.3.1 Increasing Urban Population to Drive Market
Table 43 Japan: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 44 Japan: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 45 Japan: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 46 Japan: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.2.4 Australia & New Zealand
10.2.4.1 Growing Population and Stable Economic Conditions to Support Growth
Table 47 Australia & New Zealand: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 48 Australia & New Zealand: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 49 Australia & New Zealand: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 50 Australia & New Zealand: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.2.5 India
10.2.5.1 Rising Population, GDP, and Purchasing Power of Customers to Stimulate Growth
Table 51 India: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 52 India: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 53 India: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 54 India: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.2.6 South Korea
10.2.6.1 Commercial Construction Projects to Drive Demand
Table 55 South Korea: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 56 South Korea: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 57 South Korea: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 58 South Korea: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.2.7 Rest of Asia-Pacific
Table 59 Rest of Asia-Pacific: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 60 Rest of Asia-Pacific: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 61 Rest of Asia-Pacific: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 62 Rest of Asia-Pacific: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.3 North America
10.3.1 Recession Impact
Figure 39 North America: Modular Construction Market Snapshot
Table 63 North America: Modular Construction Market, by Country, 2022-2029 (USD Million)
Table 64 North America: Modular Construction Market, by Country, 2022-2029 (Thousand Square Feet)
Table 65 North America: Modular Construction Market, by Material, 2018-2021 (USD Million)
Table 66 North America: Modular Construction Market, by Material, 2018-2021 (Thousand Square Feet)
Table 67 North America: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 68 North America: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 69 North America: Modular Construction Market, by End-use Industry, 2018-2021 (USD Million)
Table 70 North America: Modular Construction Market, by End-use Industry, 2018-2021 (Thousand Square Feet)
Table 71 North America: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 72 North America: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.3.2 US
10.3.2.1 Growing Building Construction, Renovation, and Remolding Activities to Boost Market
Table 73 US: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 74 US: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 75 US: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 76 US: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.3.3 Canada
10.3.3.1 Increase in Remolding Activities to Propel Market
Table 77 Canada: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 78 Canada: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 79 Canada: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 80 Canada: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.3.4 Mexico
10.3.4.1 Growth in Construction and Infrastructure Sectors to Drive Market
Table 81 Mexico: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 82 Mexico: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 83 Mexico: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 84 Mexico: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4 Europe
Table 85 Europe: Modular Construction Market, by Country, 2022-2029 (USD Million)
Table 86 Europe: Modular Construction Market, by Country, 2022-2029 (Thousand Square Feet)
Table 87 Europe: Modular Construction Market, by Material, 2018-2021 (USD Million)
Table 88 Europe: Modular Construction Market, by Material, 2018-2021 (Thousand Square Feet)
Table 89 Europe: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 90 Europe: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 91 Europe: Modular Construction Market, by End-use Industry, 2018-2021 (USD Million)
Table 92 Europe: Modular Construction Market, by End-use Industry, 2018-2021 (Thousand Square Feet)
Table 93 Europe: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 94 Europe: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
Table 95 Europe: Modular Construction Market, by Construction, 2022-2029 (USD Million)
Table 96 Europe: Modular Construction Market, by Construction, 2022-2029 (Thousand Square Feet)
10.4.1 Germany
10.4.1.1 Shortage of Affordable Homes and Slow Growth in Industrialization
Table 97 Germany: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 98 Germany: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 99 Germany: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 100 Germany: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.2 UK
10.4.2.1 Government to Create New Opportunities for Modular Building Manufacturers
Table 101 UK: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 102 UK: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 103 UK: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 104 UK: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.3 France
10.4.3.1 Growing Demand for Modular Wood Buildings to Drive Market
Table 105 France: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 106 France: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 107 France: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 108 France: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.4 Italy
10.4.4.1 Investments in Construction Sector and Awareness About Modular Homes to Drive Market
Table 109 Italy: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 110 Italy: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 111 Italy: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 112 Italy: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.5 Spain
10.4.5.1 Increase in Demand for Affordable Homes to Drive Market
Table 113 Spain: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 114 Spain: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 115 Spain: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 116 Spain: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.6 Russia
10.4.6.1 High Demand for New Housing to Drive Market
Table 117 Russia: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 118 Russia: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 119 Russia: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 120 Russia: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.7 Austria
10.4.7.1 Housing Initiatives by Government to Drive Demand
Table 121 Austria: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 122 Austria: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 123 Austria: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 124 Austria: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.8 Poland
10.4.8.1 Rise in Price of Building Materials and Labor Shortage in Traditional Construction Methods to Drive Market
Table 125 Poland: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 126 Poland: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 127 Poland: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 128 Poland: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.4.9 Rest of Europe
Table 129 Rest of Europe: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 130 Rest of Europe: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 131 Rest of Europe: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 132 Rest of Europe: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5 Middle East & Africa
10.5.1 Recession Impact
Table 133 Middle East & Africa: Modular Construction Market, by Country, 2022-2029 (USD Million)
Table 134 Middle East & Africa: Modular Construction Market, by Country, 2022-2029 (Thousand Square Feet)
Table 135 Middle East & Africa: Modular Construction Market, by Material, 2018-2021 (USD Million)
Table 136 Middle East & Africa: Modular Construction Market, by Material, 2018-2021 (Thousand Square Feet)
Table 137 Middle East & Africa: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 138 Middle East & Africa: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 139 Middle East & Africa: Modular Construction Market, by End-use Industry, 2018-2021 (USD Million)
Table 140 Middle East & Africa: Modular Construction Market, by End-use Industry, 2018-2021 (Thousand Square Feet)
Table 141 Middle East & Africa: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 142 Middle East & Africa: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.2 GCC Countries
Table 143 GCC: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 144 GCC: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 145 GCC: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 146 GCC: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.2.1 Saudi Arabia
10.5.2.1.1 Mega Housing Projects and Increase in Demand for Affordable Houses to Drive Market
Table 147 Saudi Arabia: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 148 Saudi Arabia: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 149 Saudi Arabia: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 150 Saudi Arabia: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.2.2 UAE
10.5.2.2.1 Strong Government Support and Ongoing Construction Projects to Stimulate Market
Table 151 UAE: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 152 UAE: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 153 UAE: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 154 UAE: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.2.3 Rest of GCC
Table 155 Rest of GCC: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 156 Rest of GCC: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 157 Rest of GCC: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 158 Rest of GCC: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.3 Turkey
10.5.3.1 Housing Schemes Initiated by Government to Drive Market
Table 159 Turkey: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 160 Turkey: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 161 Turkey: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 162 Turkey: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.4 South Africa
10.5.4.1 Rapid Urbanization and Growing Demand for Sustainable Buildings to Drive Market
Table 163 South Africa: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 164 South Africa: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 165 South Africa: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 166 South Africa: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.5.5 Rest of Middle East & Africa
Table 167 Rest of Middle East & Africa: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 168 Rest of Middle East & Africa: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 169 Rest of Middle East & Africa: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 170 Rest of Middle East & Africa: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.6 South America
10.6.1 Recession Impact
Table 171 South America: Modular Construction Market, by Country, 2022-2029 (USD Million)
Table 172 South America: Modular Construction Market, by Country, 2022-2029 (Thousand Square Feet)
Table 173 South America: Modular Construction Market, by Material, 2018-2021 (USD Million)
Table 174 South America: Modular Construction Market, by Material, 2018-2021 (Thousand Square Feet)
Table 175 South America: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 176 South America: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 177 South America: Modular Construction Market, by End-use Industry, 2018-2021 (USD Million)
Table 178 South America: Modular Construction Market, by End-use Industry, 2018-2021 (Thousand Square Feet)
Table 179 South America: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 180 South America: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.6.2 Brazil
10.6.2.1 Booming Construction Industry to Drive Market
Table 181 Brazil: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 182 Brazil: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 183 Brazil: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 184 Brazil: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.6.3 Argentina
10.6.3.1 Increased Construction to Drive Market
Table 185 Argentina: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 186 Argentina: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 187 Argentina: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 188 Argentina: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
10.6.4 Rest of South America
Table 189 Rest of South America: Modular Construction Market, by Material, 2022-2029 (USD Million)
Table 190 Rest of South America: Modular Construction Market, by Material, 2022-2029 (Thousand Square Feet)
Table 191 Rest of South America: Modular Construction Market, by End-use Industry, 2022-2029 (USD Million)
Table 192 Rest of South America: Modular Construction Market, by End-use Industry, 2022-2029 (Thousand Square Feet)
11 Competitive Landscape
11.1 Overview
Table 193 Overview of Strategies Adopted by Key Modular Construction Players
11.2 Revenue Analysis of Top Market Players
Figure 40 Revenue Analysis for Key Companies in Modular Construction Market, 2019-2023
11.3 Market Share Analysis
Figure 41 Modular Construction: Market Share Analysis
Table 194 Modular Construction Market: Degree of Competition
11.4 Company Valuation and Financial Metrics
Figure 42 Company Valuation (USD Billion)
Figure 43 Financial Matrix: EV/Ebitda Ratio
11.5 Product/Brand Comparison
Figure 44 Modular Construction Market: Product Comparison
11.6 Company Evaluation Matrix
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive Players
11.6.4 Participants
Figure 45 Company Evaluation Matrix, 2023
11.6.5 Company Footprint: Key Players
Figure 46 Modular Construction Market: Company Footprint
Table 195 Modular Construction Market: Regional Footprint (19 Companies)
Table 196 Modular Construction Market: Material Footprint (19 Companies)
Table 197 Modular Construction Market: Type Footprint (19 Companies)
Table 198 Modular Construction Market: End-use Industry Footprint (19 Companies)
11.7 Start-Ups/SMEs Evaluation Matrix
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 47 Start-Ups/SMEs Evaluation Matrix: Modular Construction Market, 2023
11.7.5 Competitive Benchmarking
Table 199 Modular Construction Market: Detailed List of Key Startups/SMEs
Table 200 Modular Construction Market: Competitive Benchmarking of Key Startups/SMEs
11.8 Competitive Situations and Trends
11.8.1 Product Launches
Table 201 Modular Construction Market: Product Launches, January 2019-December 2023
11.8.2 Deals
Table 202 Modular Construction Market: Deals, January 2019-December 2023
11.8.3 Expansions
Table 203 Modular Construction Market: Expansions, January 2019-December 2023
11.8.4 Other Developments
Table 204 Modular Construction Market: Other Developments, January 2019-March 2024
12 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
12.1 Key Players
12.1.1 Laing O’Rourke
Table 205 Laing O’Rourke: Company Overview
Figure 48 Laing O’Rourke: Company Snapshot
Table 206 Laing O’Rourke: Product Launches, January 2019-December 2023
Table 207 Laing O’Rourke: Deals, January 2019-December 2023
Table 208 Laing O’Rourke: Other Developments, January 2019-February 2024
12.1.2 Red Sea International
Table 209 Red Sea International: Company Overview
Figure 49 Red Sea International: Company Snapshot
Table 210 Red Sea International: Deals, January 2019-December 2023
Table 211 Red Sea International: Other Developments, January 2019-February 2024
12.1.3 Skansa Ab
Table 212 Skansa Ab: Business Overview
Figure 50 Skansa Ab: Company Snapshot
Table 213 Skanska Ab: Deals, January 2019-December 2023
Table 214 Skanska Ab: Other Developments, January 2019-February 2024
12.1.4 Atco Ltd.
Table 215 Atco Ltd.: Company Overview
Figure 51 Atco Ltd.: Company Snapshot
Table 216 Atco Ltd.: Deals, January 2019-December 2023
Table 217 Atco Ltd.: Other Developments, January 2019-February 2024
12.1.5 Modulaire Group
Table 218 Modulaire Group: Business Overview
Table 219 Modulaire Group: Deals, January 2019-December 2023
12.1.6 Kleusberg GmbH & Co. KG
Table 220 Kleusberg GmbH & Co. KG: Company Overview
Table 221 Kleusberg GmbH & Co. KG: Product Launches, January 2019-December 2023
Table 222 Kleusberg GmbH & Co. KG: Expansions, January 2019-December 2023
Table 223 Kleusberg GmbH & Co. KG: Other Developments, January 2019-February 2024
12.1.7 Lendlease Corporation
Table 224 Lendlease Corporation: Company Overview
Figure 52 Lendlease Corporation: Company Snapshot
Table 225 Lendlease Corporation: Product Launches, January 2019-December 2023
Table 226 Lendlease Corporation: Deals, January 2019-December 2023
12.1.8 Bechtel Corporation
Table 227 Bechtel Corporation: Company Overview
Figure 53 Bechtel Corporation: Company Snapshot
Table 228 Bechtel Corporation: Deals, January 2019-December 2023
Table 229 Bechtel Corporation: Other Developments, January 2019-February 2024
12.1.9 Fluor Corporation
Table 230 Fluor Corporation: Company Overview
Figure 54 Fluor Corporation: Company Snapshot
Table 231 Fluor Corporation: Deals, January 2019-December 2023
Table 232 Fluor Corporation: Other Developments, January 2019-February 2024
12.1.10 Bouygues Construction
Table 233 Bouygues Construction: Company Overview
Figure 55 Bouygues Construction: Company Snapshot
12.1.11 Vinci SA
Table 234 Vinci SA: Company Overview
Figure 56 Vinci SA: Company Snapshot
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies
12.2 Other Players
12.2.1 Kwikspace Modular Buildings
Table 235 Kwikspace Modular Buildings: Company Overview
12.2.2 Westchester Modular Homes, Inc.
Table 236 Westchester Modular Homes, Inc.: Company Overview
12.2.3 Wernick Group Limited
Table 237 Wernick Group Limited: Company Overview
12.2.4 Koma Modular
Table 238 Koma Modular: Company Overview
12.2.5 Elements Europe
Table 239 Elements Europe: Company Overview
12.2.6 Premier Modular
Table 240 Premier Modular: Company Overview
12.2.7 The Alho Group
Table 241 The Alho Group: Company Overview
12.2.8 Investwood, SA
Table 242 Investwood, SA: Company Overview
12.2.9 Broad Group
Table 243 Broad Group: Company Overview
12.2.10 Mighty Buildings, Inc.
Table 244 Mighty Buildings, Inc.: Company Overview
12.2.11 Factory_Os
Table 245 Factory_Os: Company Overview
12.2.12 Blokable Inc.
Table 246 Blokable Inc.: Company Overview
12.2.13 Modulous
Table 247 Modulous: Company Overview
12.2.14 Nexii Building Solutions
Table 248 Nexii Building Solutions: Company Overview
12.2.15 Dubox
Table 249 Dubox: Company Overview
12.2.16 Connect Homes
Table 250 Connect Homes: Company Overview
12.2.17 Guerdon, LLC.
Table 251 Guerdon, LLC.: Company Overview
13 Adjacent & Related Market
13.1 Introduction
Table 252 Pre-Engineered Buildings Market
13.2 Pre-Engineered Buildings Market
13.2.1 Market Definition
13.2.2 Market Overview
13.3 Pre-Engineered Buildings Market, by Structure
Table 253 Pre-Engineered Buildings Market, by Structure, 2017-2024 (USD Million)
Table 254 Pre-Engineered Buildings Market, by Structure, 2017-2024 (Million Square Feet)
13.4 Pre-Engineered Buildings Market, by Application
Table 255 Pre-Engineered Buildings Market, by Application, 2017-2024 (USD Million)
Table 256 Pre-Engineered Buildings Market, by Application, 2017-2024 (Million Square Feet)
13.5 Pre-Engineered Buildings Market, by Region
Table 257 Pre-Engineered Buildings Market, by Region, 2017-2024 (USD Million)
Table 258 Pre-Engineered Buildings Market, by Region, 2017-2024 (Million Square Feet)
14 Appendix
14.1 Discussion Guide
14.2 Customization Options 280
14.4 Knowledgestore: The Subscription Portal

Companies Mentioned

  • Laing O’Rourke
  • Red Sea International
  • Skansa Ab
  • Atco Ltd.
  • Modulaire Group
  • Kleusberg GmbH & Co. KG
  • Lendlease Corporation
  • Bechtel Corporation
  • Fluor Corporation
  • Bouygues Construction
  • Vinci SA
  • Kwikspace Modular Buildings
  • Westchester Modular Homes, Inc.
  • Wernick Group Limited
  • Koma Modular
  • Elements Europe
  • Premier Modular
  • The Alho Group
  • Investwood, SA
  • Broad Group
  • Mighty Buildings, Inc.
  • Factory_Os
  • Blokable Inc.
  • Modulous
  • Nexii Building Solutions
  • Dubox
  • Connect Homes
  • Guerdon, LLC

Methodology

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Table Information

Report AttributeDetails
No. of Pages284
PublishedApril 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 104.1 Billion
Forecasted Market Value ( USD ) by 2029 $ 140.8 Billion
Compound Annual Growth Rate6.2%
Regions CoveredGlobal
No. of Companies Mentioned28

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