Modular Construction Market by Type (Permanent, Relocatable), Material (Precast concrete, Steel Wood, Plastic, Others), End-use sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023

  • ID: 4604429
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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The Modular Construction Market is Projected to Grow at a CAGR of 7.1% From 2018 to 2023

FEATURED COMPANIES

  • Algeco Scotsman
  • Bouygues Construction
  • Guerdon Enterprises LLC
  • Kef Katerra
  • Lendlease Corporation
  • Skanska AB
  • MORE

"The modular construction market is projected to grow at a CAGR of 7.1% from 2018 to 2023."

The modular construction market is estimated at USD 92.18 billion in 2018 and is projected to reach USD 129.67 billion by 2023, at a CAGR of 7.1%. The increase in concern towards work zone safety, need for reduced construction time and cost, ease of installation and relocation, and supportive government initiatives drive the demand for modular construction. The lack of awareness about modular construction acts as a challenge to the growth of the modular construction market.

"Based on type, the relocatable modular construction accounted for the largest share of the modular construction market in 2017."

Relocatable modular construction led the modular construction market in 2017, in terms of volume; this segment is projected to retain its leading position through 2023. These buildings offer ease of relocation, accelerated depreciation schedules, fast delivery, low-cost reconfiguration, and enormous flexibility. Relocatable buildings are utilized for construction site offices, schools, sales centers, medical clinics, and in any application where temporary space, speed, and the ability to relocate are of vital importance.

"Based on end-use sector, the housing segment accounted for a larger share of the modular construction market in 2017."

Based on end-use sector, the modular construction market has been segmented into housing, commercial, education, healthcare, and industrial. The housing segment led the modular construction market in 2017. Rising need for affordable houses, coupled with the need for time-saving & cost-effective construction methods, drives the demand for modular construction in the housing segment. Modular construction provides the ability to build residential building structures in about half the time as compared to conventional site-built construction methods.

"Asia Pacific is expected to be the largest market for modular construction during the forecast period."

The Asia Pacific modular construction market is projected to be the largest market between 2018 and 2023. Factors such as the increasing number of new housing units and considerable investments in the infrastructural sector drive the demand for modular construction in this region. The growth of the modular construction market in the Asia Pacific region is also driven by the tremendous growth of construction opportunities in countries such as China, India, Japan, Australia, South Korea, Thailand, Vietnam, and Indonesia.

Breakdown of Primaries

  • By Company Type: Tier 1 - 35%, Tier 2 - 40%, and Tier 3 - 25%
  • By Designation: C Level - 25%, Director Level - 35%, and Others - 40%
  • By Region: North America - 25%, Europe - 20%, Asia Pacific - 35%, and RoW* - 20%

*RoW includes the Middle East & Africa and South America.

The key players profiled in the report are as follows:
1. Laing O’Rourke (UK)
2. Red Sea Housing (Saudi Arabia)
3. ATCO (Canada)
4. Bouygues Construction (France)
5. VINCI (France)
6. Skanska AB (Sweden)
7. Algeco Scotsman (US)
8. KLEUSBERG GmbH & Co. KG (Germany)
9. KEF Katerra (India)
10. Lendlease Corporation (Australia)

Research Objectives:

The primary objective of this study is to define, forecast, and segment the modular construction market by type, material, end-use sector, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics that include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as contracts, agreements, new projects, partnerships, joint ventures, and expansions in the modular construction market.

Reasons to Buy the Report:

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the modular construction market and provides the closest approximations of revenue numbers for the overall market and its subsegments across different regions.

2. The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.

3. This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes the ranking of the top five players in the modular construction market.

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FEATURED COMPANIES

  • Algeco Scotsman
  • Bouygues Construction
  • Guerdon Enterprises LLC
  • Kef Katerra
  • Lendlease Corporation
  • Skanska AB
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           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 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Research Limitations

3 Executive Summary

4 Premium Insights
    4.1 Emerging Economies to Shift Its Focus Toward Modular Construction
    4.2 Modular Construction Market, By Type
    4.3 Modular Construction Market, By Material
    4.4 Modular Construction Market, By End-Use Sector
    4.5 Asia Pacific Modular Construction Market, By End-Use Sector & Country
    4.6 Modular Construction Market: Key Countries

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth in Infrastructure Investment and Industrialization
                    5.2.1.2 Increase in Concern Toward Work-Zone Safety and Need for Lower Environment Impacts
                    5.2.1.3 Need for Reduced Construction Time and Cost
                    5.2.1.4 Ease of Installation and Relocation
                    5.2.1.5 Supportive Government Initiatives
           5.2.2 Restraints
                    5.2.2.1 Economic Downturn in Key Regions
           5.2.3 Opportunities
                    5.2.3.1 Increase in Population and Rapid Urbanization Translating to A Large Number of New Construction Projects
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness
                    5.2.4.2 Volatility in Transportation Charges Can Create an Unpredictable Business Environment

6 Industry Trends
    6.1 Introduction
    6.2 Supply Chain
           6.2.1 Product Development & Distribution are an Integral Part of the Supply Chain in the Modular Construction Market
           6.2.2 Prominent Companies
           6.2.3 Small & Medium Enterprises
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Macroeconomic Overview
           6.4.1 Rise in Population
           6.4.2 Increase in Middle-Class Population, 2009-2030
           6.4.3 Developing Economies: GDP (Ppp) Growth, 2015
           6.4.4 GDP & Contribution to the Construction Industry, By Country

7 Modular Construction Market, By Type
    7.1 Introduction
    7.2 Permanent
    7.3 Relocatable

8 Modular Construction Market, By Material
    8.1 Introduction
    8.2 Precast Concrete
    8.3 Steel
    8.4 Wood
    8.5 Plastic
    8.6 Others

9 Modular Construction Market, By Module
    9.1 Introduction
    9.2 Four-Sided Modules
    9.3 Open-Sided Modules
    9.4 Partially Open-Sided Modules
    9.5 Mixed Modules and Floor Cassettes
    9.6 Modules Supported By A Primary Structure
    9.7 Others

10 Modular Construction Market, By End-Use Sector
     10.1 Introduction
     10.2 Housing
     10.3 Commercial
     10.4 Healthcare
     10.5 Education
     10.6 Industrial

11 Modular Construction Market, By Region
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 Japan
             11.2.3 Australia
             11.2.4 India
             11.2.5 Rest of Asia Pacific
     11.3 Europe
             11.3.1 Germany
             11.3.2 Italy
             11.3.3 France
             11.3.4 UK
             11.3.5 Russia
             11.3.6 Sweden
             11.3.7 Spain
             11.3.8 Rest of Europe
     11.4 North America
             11.4.1 US
             11.4.2 Canada
             11.4.3 Mexico
     11.5 Middle East
             11.5.1 UAE
             11.5.2 South Africa
             11.5.3 Saudi Arabia
             11.5.4 Rest of the Middle East & Africa
     11.6 South America
             11.6.1 Brazil
             11.6.2 Argentina
             11.6.3 Rest of South America

12 Competitive Landscape
     12.1 Overview
     12.3 Market Ranking
     12.4 Competitive Scenario
             12.4.1 New Projects
             12.4.2 Contracts, Partnerships, Agreements, and Joint Ventures
             12.4.3 Expansions and Divestitures
             12.4.4 Merger & Acquisitions

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, View)*
     13.1 Laing O’rourke
     13.2 Red Sea Housing
     13.3 Atco
     13.4 Bouygues Construction
     13.5 Vinci
     13.6 Skanska AB
     13.7 Algeco Scotsman
     13.8 Kleusberg GmbH & Co. Kg
     13.9 Kef Katerra
     13.10 Lendlease Corporation
     13.11 Cimc Modular Building Systems Holding
     13.12 Other Players
             13.12.1 Modular Space Corporation
             13.12.2 Dubox
             13.12.3 Kwikspace Modular Buildings
             13.12.4 Guerdon Enterprises LLC
             13.12.5 Alta-Fab Structures
             13.12.6 Westchester Modular Homes
             13.12.7 Wernick Group
             13.12.8 Fleetwood Australia
             13.12.9 NRB Inc.
             13.12.10 Koma Modular
             13.12.11 Hickory Group
             13.12.12 Clayton Homes
             13.12.13 J.D. Irving
             13.12.14 Horizon North Logistics
             13.12.15 Art’s Way Manufacturing

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 USD Conversion Rates, 2014-2017
Table 2 Asia Pacific Urbanization Trend, 1990-2050
Table 3 North America: GDP, By Country, 2015-2022 (USD Billion)
Table 4 North America: Contribution of the Construction Industry to the GDP, By Country, 2014-2021 (USD Billion)
Table 5 Europe: GDP, By Country, 2015-2022 (USD Billion)
Table 6 Europe: Contribution of the Construction Industry to the GDP, By Country, 2014-2021 (USD Billion)
Table 7 Asia Pacific: GDP, By Country, 2015-2022 (USD Billion)
Table 8 Asia Pacific: Contribution of the Construction Industry to the GDP, By Country, 2014-2021 (USD Billion)
Table 9 Middle East & Africa: GDP, By Country, 2015-2022 (USD Billion)
Table 10 Middle East & Africa: Contribution of the Construction Industry to the GDP, By Country, 2014-2021 (USD Billion)
Table 11 South America: GDP, By Country, 2015-2022 (USD Billion)
Table 12 South America: Contribution of the Construction Industry to the GDP, By Country, 2014-2021 (USD Billion)
Table 13 Modular Construction Market Size, By Type, 2016-2023 (USD Billion)
Table 14 Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 15 Modular Construction Type Market Size, By Material, 2016-2023 (USD Billion)
Table 16 Modular Construction Type Market Size, By Material, 2016-2023 (Million Square Feet)
Table 17 Modular Construction Market Size, By End-Use Sector, 2016-2023 (USD Billion)
Table 18 Modular Construction Market Size, By End-Use Sector, 2016-2023 (Million Square Feet)
Table 19 Modular Construction Market Size, By Region, 2016-2023 (USD Billion)
Table 20 Modular Construction Market Size, By Region, 2016-2023 (Million Square Feet)
Table 21 Asia Pacific: Modular Construction Market Size, By Country, 2016-2023 (USD Million)
Table 22 Asia Pacific: Modular Construction Market Size, By Country, 2016-2023 (Million Square Feet)
Table 23 Asia Pacific: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 24 Asia Pacific: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 25 China: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 26 China: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 27 Japan: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 28 Japan: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 29 Australia: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 30 Australia: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 31 India: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 32 India: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 33 Rest of Asia Pacific: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 34 Rest of Asia Pacific: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 35 Europe: Modular Construction Market Size, By Country, 2016-2023 (USD Million)
Table 36 Europe: Modular Construction Market Size, By Country, 2016-2023 (Million Square Feet)
Table 37 Europe: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 38 Europe: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 39 Germany: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 40 Germany: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 41 Italy: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 42 Italy: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 43 France: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 44 France: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 45 UK: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 46 UK: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 47 Russia: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 48 Russia: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 49 Sweden: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 50 Sweden: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 51 Spain: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 52 Spain: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 53 Rest of Europe: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 54 Rest of Europe: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 55 North America: Modular Construction Market Size, By Country, 2016-2023 (USD Million)
Table 56 North America: Modular Construction Market Size, By Country, 2016-2023 (Million Square Feet)
Table 57 North America: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 58 North America: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 59 US: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 60 US: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 61 Canada: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 62 Canada: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 63 Mexico: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 64 Mexico: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 65 Middle East & Africa: Modular Construction Market Size, By Country, 2016-2023 (USD Million)
Table 66 Middle East & Africa: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 67 Middle East & Africa: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 68 Middle East & Africa: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 69 UAE: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 70 UAE: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 71 South Africa: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 72 South Africa: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 73 Saudi Arabia: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 74 Saudi Arabia: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 75 Rest of the Middle East & Africa: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 76 Rest of the Middle East & Africa: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 77 South America: Modular Construction Market Size, By Country, 2016-2023 (USD Million)
Table 78 South America: Modular Construction Market Size, By Country, 2016-2023 (Million Square Feet)
Table 79 South America: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 80 South America: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 81 Brazil: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 82 Brazil: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 83 Argentina: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 84 Argentina: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 85 Rest of South America: Modular Construction Market Size, By Type, 2016-2023 (USD Million)
Table 86 Rest of South America: Modular Construction Market Size, By Type, 2016-2023 (Million Square Feet)
Table 87 New Projects
Table 88 Contracts
Table 89 Expansions
Table 90 Merger & Acquisitions

List of Figures
Figure 1 Modular Construction Market Segmentation
Figure 2 Modular Construction Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Modular Construction Market: Data Triangulation
Figure 6 Steel Segment to Be the Largest in the Modular Construction Market, By 2023
Figure 7 Modular Construction Market, By Type, is Estimated to Be Dominated By the Permanent Segment in 2018
Figure 8 Housing Sector Estimated to Lead the Modular Construction Market in 2018
Figure 9 Asia Pacific Dominated the Modular Construction Market in 2017
Figure 10 Market Growth is Attributed to Growth of the Construction Industry in Developing as Well as Matured Markets of Modular Construction
Figure 11 Permanent Buildings to Dominate the Modular Construction Market Through 2023
Figure 12 Steel as A Material for Modular Construction to Grow at the Highest CAGR During the Forecast Period
Figure 13 Housing Sector to Lead the Demand for Modular Construction Through 2023
Figure 14 China Accounted for the Largest Share in 2017
Figure 15 China is Projected to Grow at the Highest Rate From 2018 to 2023
Figure 16 Modular Construction Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Global GDP Growth Trend, 2006-2017
Figure 18 Supply Chain Analysis
Figure 19 Porter’s Five Forces Analysis
Figure 20 Projected Per Capita GDP, By Country (USD Million)
Figure 21 Modular Construction Market Size, By Type, 2018 vs 2023 (USD Billion)
Figure 22 Modular Construction Market Size, By Material, 2018 vs 2023 (USD Billion)
Figure 23 Modular Construction Market Size, By End-Use Sector, 2018 vs 2023 (USD Billion)
Figure 24 Regional Snapshot: China is Projected to Be the Fastest-Growing Country-Level Market From 2018 to 2023
Figure 25 Asia Pacific: Modular Construction Market Snapshot
Figure 26 Europe: Modular Construction Market Snapshot
Figure 27 Companies Adopted Various Growth Strategies From 2017 to 2018
Figure 28 Market Ranking of Key Players, 2017
Figure 29 Laing O’rourke: Company Snapshot
Figure 30 Red Sea Housing: Company Snapshot
Figure 31 Atco: Company Snapshot
Figure 32 Bouygues Construction: Company Snapshot
Figure 33 Vinci: Company Snapshot
Figure 34 Skanska AB: Company Snapshot
Figure 35 Algeco Scotsman: Company Snapshot
Figure 36 Lendlease Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • Algeco Scotsman
  • Alta-Fab Structures
  • Art’s Way Manufacturing
  • Atco
  • Bouygues Construction
  • Cimc Modular Building Systems Holding
  • Clayton Homes
  • Dubox
  • Fleetwood Australia
  • Guerdon Enterprises LLC
  • Hickory Group
  • Horizon North Logistics
  • J.D. Irving
  • Kef Katerra
  • Kleusberg GmbH & Co. Kg
  • Koma Modular
  • Kwikspace Modular Buildings
  • Laing O’rourke
  • Lendlease Corporation
  • Modular Space Corporation
  • NRB Inc.
  • Red Sea Housing
  • Skanska AB
  • Vinci
  • Wernick Group
  • Westchester Modular Homes
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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