This report describes and explains the modular construction market and covers 2020-2025, termed the historic period, and 2025-2030, 2035F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global modular construction market reached a value of nearly $107.83 billion in 2025, having grown at a compound annual growth rate (CAGR) of 7.7% since 2020. The market is expected to grow from $107.83 billion in 2025 to $157.63 billion in 2030 at a rate of 7.9%. The market is then expected to grow at a CAGR of 7.2% from 2030 and reach $222.82 billion in 2035.
Growth in the historic period resulted from rising skilled labor shortages, rising demand for affordable housing, growing renovation and remodeling activities and urban site constraints and land scarcity. Factors that negatively affected growth in the historic period were limited awareness and acceptance and design limitations.
Going forward, increase in demand for green buildings, increasing focus on infrastructure development, increased demand for sustainable construction and growing need for relocatable and temporary buildings will drive growth. Factors that could hinder the growth of the modular construction market in the future include transport logistics bottlenecks, competition from traditional construction and impact of trade war and tariff.
The modular construction market is segmented by type into permanent and relocatable. The permanent market was the largest segment of the modular construction market segmented by type, accounting for 63.4% or $68.35 billion of the total in 2025. Going forward, the relocatable segment is expected to be the fastest growing segment in the modular construction market segmented by type, at a CAGR of 9.5% during 2025-2030.
The modular construction market is segmented by material into steel, wood, concrete and other materials. The steel market was the largest segment of the modular construction market segmented by material, accounting for 40.5% or $43.67 billion of the total in 2025. Going forward, the concrete segment is expected to be the fastest growing segment in the modular construction market segmented by material, at a CAGR of 9.4% during 2025-2030.
The modular construction market is segmented by module into four-sided, open-sided, partially open-sided and mixed modules and floor cassettes, modules supported by a primary structure and other modules. The four-sided market was the largest segment of the modular construction market segmented by module, accounting for 32.2% or $34.84 billion of the total in 2025. Going forward, the open-sided segment is expected to be the fastest growing segment in the modular construction market segmented by module, at a CAGR of 9.6% during 2025-2030.
The modular construction market is segmented by end-use sector into residential, office, education, retail and commercial, hospitality, healthcare and other end users. The residential market was the largest segment of the modular construction market segmented by end-use sector, accounting for 44.2% or $47.61 billion of the total in 2025. Going forward, the retail and commercial segment is expected to be the fastest growing segment in the modular construction market segmented by end-use sector, at a CAGR of 8.8% during 2025-2030.
Asia Pacific was the largest region in the modular construction market, accounting for 44.8% or $52.7 billion of the total in 2025. It was followed by Western Europe and North America then the other regions. Going forward, the fastest-growing regions in the modular construction market will be Asia Pacific and Africa where growth will be at CAGRs of 9% and 8.6% respectively. These will be followed by Middle East and North America where the markets are expected to grow at CAGRs of 7.9% and 7.6% respectively.
The global modular construction market is highly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 4.395% of the total market in 2024. Bechtel Corporation was the largest competitor with a 0.777% share of the market, followed by Skanska AB with 0.685%, Bouygues Construction SA with 0.619%, Larsen & Toubro Limited, with 0.586%, Fluor Corporation, with 0.376%, Lendlease Corporation with 0.282%, Balfour Beatty Plc. with 0.281%, Laing O’Rourke with 0.269%, Sekisui House Ltd with 0.261% and Daiwa House Industry Co. Ltd with 0.258%.
The top opportunities in the modular construction market segmented by type will arise in the permanent segment, which will gain $27.0 billion of global annual sales by 2030. The top opportunities in the modular construction market segmented by material will arise in the steel segment, which will gain $49.8 billion of global annual sales by 2030. The top opportunities in the modular construction market segmented by module will arise in the four-sided segment, which will gain $15.06 billion of global annual sales by 2030. The top opportunities in the modular construction market segmented by end-use sector will arise in the residential segment, which will gain $22.05 billion of global annual sales by 2030. The modular construction market size will gain the most in China at $13.57 billion.
Market-trend-based strategies for the modular construction market include expansion of energy-efficient modular housing programs to accelerate sustainable, high-quality construction, award-winning modular projects driving efficiency and sustainability in construction, advancement of energy-efficient modular housing through research-driven collaborations and advancement of automated and energy-efficient modular housing systems to accelerate scalable construction delivery.
To take advantage of the opportunities, the analyst recommends the modular construction companies to focus on energy-efficient factory-built housing to accelerate scalable delivery, focus on landmark modular projects to prove speed and quality advantages, focus on relocatable modular construction for speed and flexibility, focus on concrete modular systems for high-growth structural demand, focus on open-sided modules for design-led growth, expand in emerging markets, focus on research-validated energy-efficient modular housing, focus on cost-transparent and risk-balanced pricing framework, anchor promotion on speed, quality and delivery certainty, drive conversion through segment focus and proof-based engagement and focus on retail and commercial modular projects for accelerated returns.
This product will be delivered within 3-5 business days.
The global modular construction market reached a value of nearly $107.83 billion in 2025, having grown at a compound annual growth rate (CAGR) of 7.7% since 2020. The market is expected to grow from $107.83 billion in 2025 to $157.63 billion in 2030 at a rate of 7.9%. The market is then expected to grow at a CAGR of 7.2% from 2030 and reach $222.82 billion in 2035.
Growth in the historic period resulted from rising skilled labor shortages, rising demand for affordable housing, growing renovation and remodeling activities and urban site constraints and land scarcity. Factors that negatively affected growth in the historic period were limited awareness and acceptance and design limitations.
Going forward, increase in demand for green buildings, increasing focus on infrastructure development, increased demand for sustainable construction and growing need for relocatable and temporary buildings will drive growth. Factors that could hinder the growth of the modular construction market in the future include transport logistics bottlenecks, competition from traditional construction and impact of trade war and tariff.
The modular construction market is segmented by type into permanent and relocatable. The permanent market was the largest segment of the modular construction market segmented by type, accounting for 63.4% or $68.35 billion of the total in 2025. Going forward, the relocatable segment is expected to be the fastest growing segment in the modular construction market segmented by type, at a CAGR of 9.5% during 2025-2030.
The modular construction market is segmented by material into steel, wood, concrete and other materials. The steel market was the largest segment of the modular construction market segmented by material, accounting for 40.5% or $43.67 billion of the total in 2025. Going forward, the concrete segment is expected to be the fastest growing segment in the modular construction market segmented by material, at a CAGR of 9.4% during 2025-2030.
The modular construction market is segmented by module into four-sided, open-sided, partially open-sided and mixed modules and floor cassettes, modules supported by a primary structure and other modules. The four-sided market was the largest segment of the modular construction market segmented by module, accounting for 32.2% or $34.84 billion of the total in 2025. Going forward, the open-sided segment is expected to be the fastest growing segment in the modular construction market segmented by module, at a CAGR of 9.6% during 2025-2030.
The modular construction market is segmented by end-use sector into residential, office, education, retail and commercial, hospitality, healthcare and other end users. The residential market was the largest segment of the modular construction market segmented by end-use sector, accounting for 44.2% or $47.61 billion of the total in 2025. Going forward, the retail and commercial segment is expected to be the fastest growing segment in the modular construction market segmented by end-use sector, at a CAGR of 8.8% during 2025-2030.
Asia Pacific was the largest region in the modular construction market, accounting for 44.8% or $52.7 billion of the total in 2025. It was followed by Western Europe and North America then the other regions. Going forward, the fastest-growing regions in the modular construction market will be Asia Pacific and Africa where growth will be at CAGRs of 9% and 8.6% respectively. These will be followed by Middle East and North America where the markets are expected to grow at CAGRs of 7.9% and 7.6% respectively.
The global modular construction market is highly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 4.395% of the total market in 2024. Bechtel Corporation was the largest competitor with a 0.777% share of the market, followed by Skanska AB with 0.685%, Bouygues Construction SA with 0.619%, Larsen & Toubro Limited, with 0.586%, Fluor Corporation, with 0.376%, Lendlease Corporation with 0.282%, Balfour Beatty Plc. with 0.281%, Laing O’Rourke with 0.269%, Sekisui House Ltd with 0.261% and Daiwa House Industry Co. Ltd with 0.258%.
The top opportunities in the modular construction market segmented by type will arise in the permanent segment, which will gain $27.0 billion of global annual sales by 2030. The top opportunities in the modular construction market segmented by material will arise in the steel segment, which will gain $49.8 billion of global annual sales by 2030. The top opportunities in the modular construction market segmented by module will arise in the four-sided segment, which will gain $15.06 billion of global annual sales by 2030. The top opportunities in the modular construction market segmented by end-use sector will arise in the residential segment, which will gain $22.05 billion of global annual sales by 2030. The modular construction market size will gain the most in China at $13.57 billion.
Market-trend-based strategies for the modular construction market include expansion of energy-efficient modular housing programs to accelerate sustainable, high-quality construction, award-winning modular projects driving efficiency and sustainability in construction, advancement of energy-efficient modular housing through research-driven collaborations and advancement of automated and energy-efficient modular housing systems to accelerate scalable construction delivery.
To take advantage of the opportunities, the analyst recommends the modular construction companies to focus on energy-efficient factory-built housing to accelerate scalable delivery, focus on landmark modular projects to prove speed and quality advantages, focus on relocatable modular construction for speed and flexibility, focus on concrete modular systems for high-growth structural demand, focus on open-sided modules for design-led growth, expand in emerging markets, focus on research-validated energy-efficient modular housing, focus on cost-transparent and risk-balanced pricing framework, anchor promotion on speed, quality and delivery certainty, drive conversion through segment focus and proof-based engagement and focus on retail and commercial modular projects for accelerated returns.
This product will be delivered within 3-5 business days.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Modular Construction Growth Analysis and Strategic Analysis Framework
9 Global Modular Construction Market Segmentation
10 Modular Construction Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in Modular Construction
24 Opportunities and Strategies
25 Modular Construction Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Modular Construction Global Market Opportunities and Strategies to 2035 provides the strategists; marketers and senior management with the critical information they need to assess the global modular construction market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
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Description
Where is the largest and fastest-growing market for modular construction? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The modular construction market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider modular construction market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by material, by module and by end-use sector.
- Key Trends: Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework: Analysis on PESTEL, end use industries, market growth rate, global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth: Global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis: Historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison by region and country.
- Market Segmentation Contains the market values (2020-2025) (2025-2030, 2035F) and analysis for each segment by type, by material, by module and by end-use sector in the market. Historic (2020-2025) and forecast (2025-2030) and (2030-2035) market values and growth and market share comparison by region market.
- Regional Market Size and Growth: Regional market size (2025), historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies: Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking: Briefs on the financials comparison between major players in the market.
- Competitive Dashboard: Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments: Information on recent developments in the market covered in the report
- Market Opportunities and Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations This section includes recommendations for modular construction providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) By Type: Permanent; Relocatable
2) By Material: Steel; Wood; Concrete; Other Materials
3) By Module: Four-Sided; Open-Sided; Partially Open-Sided Modules; Mixed Modules and Floor Cassettes; Modules Supported By A Primary Structure; Other Modules
4) By End-Use Sector: Residential; Office; Education; Retail and Commercial; Hospitality; Healthcare; Other End Users
Companies Mentioned: Bechtel Corporation; Skanska AB; Bouygues Construction SA; Larsen & Toubro Limited; Fluor Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; modular construction indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Bechtel Corporation
- Skanska AB
- Bouygues Construction SA
- Larsen & Toubro Limited
- Fluor Corporation
- Lendlease Corporation
- Balfour Beatty Plc.
- Laing O’Rourke
- Sekisui House Ltd
- Daiwa House Industry Co. Ltd
- Broad Sustainable Building
- Lida Group
- ATCO Ltd.
- Misawa Homes Co., Ltd.
- Taisei Corporation
- System House R & C Co. Ltd.
- the Korea Institute of Civil Engineering and Building Technology (KICT)
- NRB
- Hyundai Engineering & Construction (Hyundai E&C)
- Samsung C&T (SAMSUNG E&A)
- GS E&C
- PLANM Co., Ltd.
- EPACK Prefab
- Premier Modular Limited
- Wernick Group
- Portakabin
- Baufritz
- WeberHaus
- Dwellii
- Unihouse SA
- KOMA MODULAR s.r.o.
- BlockMaster Modular Buildings
- ModularUA
- Masterplast Nyrt
- Palomar Modular Buildings
- SG Blocks, Inc.
- Guerdon Modular Buildings
- Grupo GMI
- Sunbelt Modular Inc.
- Kent Homes
- Modular Homes
- NRB Modular Solutions
- Stellar Modular
- Matrex
- Boxx Modular
- Simply Homes
- Greystar
- Sekisui House
- Honomobo Corporation
- Modular Building Systems, Inc. (MBS)
- Factory OS
- Method Homes
- Set Ideas
- Tecverde Engenharia
- Brasil ao Cubo
- Cyrela Build Up
- Tecno Fast
- Opus Construtech
- Master Módulos Construções Modulares
- Grupo Imdi
- ROSHN Group
- DuBox
- Karmod
- Red Sea International Company
- Prefabrik Yapı A.Ş.
- Vefa Group
- Emirates Precast
- Dub ox by Amana
- Zamil Industrial Investment Co.
- Red Sea Housing Services
- Kwikspace Modular Buildings
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 338 |
| Published | May 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 107.83 Billion |
| Forecasted Market Value ( USD | $ 222.82 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 71 |
