Modular Construction Market Forecast 2024-2030: From USD 85.43 Billion in 2023 to USD 129.30 Billion, Growing at a CAGR of 6.1%

Modular Construction Market Overview

The total global market for the “ Modular Construction Market” was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Modular Construction market, covers an extensive regional analysis and competitive landscape.

The process of creating a structure offsite in a controlled environment and then transferring and assembling it at its final location is known as modular construction. This kind of development can employ a range of building styles and floor plans. Some of the varieties of modules in the module construction are four-sided, open-sided, partially open-sided, mixed modules & floor cassettes, and modules supported by a primary structure. The end customers of the modular construction include residential, office, healthcare, retail & commercial, education, and hospitality.

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Modular Construction Market Report Scope and Research Methodology

Modular construction is a global sector driven by shifting government policies to encourage green development and reduce construction waste. For instance, in several government-owned projects, the Singaporean government has mandated the use of PPVC (Pre-fabricated, pre-finished, volumetric construction) materials. In addition, the government offers incentives to businesses that standardise modern construction methods. The market for modular construction is anticipated to be driven by more expenditure in research and development for innovative construction solutions during the forecast period of 2024–2030.

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Modular Construction Market Regional Insights

Regional analysis is conducted to assess the status of the Modular Construction market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Modular Construction market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Modular Construction Market Segmentation Analysis:

by Type
Permanent
Relocatable
by Material
Steel
Wood
Concrete

The market is divided into Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare, and Others segments based on the End-Use Sector. The healthcare sector is anticipated to expand quickly between 2024 and 2030, with a compound annual growth rate of xxx%. A growing number of healthcare institutions and hospital contractors are using modular construction for headwalls, bathrooms, and even entire hospitals. Modular structure is advantageous for medical, surgical, clinical, and dental applications because it is safe, quiet, and hygienic. In this industry, cutting costs and construction schedules is of utmost importance, but superior building materials and designs are desired. During the forecast period of 2024–2030, these are the main factors that are anticipated to propel this segment’s growth in the global modular construction market.

by Module Four-sided
Open-sided
Partially open-sided
Mixed modules & floor cassettes
Modules supported by a primary structure
Others

by End-Use Sector
Residential
Office
Education
Retail & Commercial
Hospitality
Healthcare
Others

by Building Height
Up to 70 meters
70-100 meters
100-170 meters
Above 170 meters

Modular Construction Market Key Players :

1. ATCO
2. Anderco Pte. Ltd.
3. Giant Containers Inc.
4. Honomobo Corporation
5. Lendlease Corporation
6. SG Blocks, Inc.
7. Skanska AB
8. Speed House Group of Companies
9. Supertech Industries LLC
10.Tempohousing.
11.Laing O’Rourke
12.Red Sea Housing
13.Atco Ltd.
14.Algeco Scotsman
15.Kleusberg GmbH

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Key questions answered in the Modular Construction Market are:

What is Modular Construction ?
What was the Modular Construction market size in ?
What is the growth rate of the Modular Construction Market?
Which are the factors expected to drive the Modular Construction market growth?
What are the different segments of the Modular Construction Market?
What growth strategies are the players considering to increase their presence in Modular Construction ?
What are the upcoming industry applications and trends for the Modular Construction Market?
What segments are covered in the Modular Construction Market?
Who are the leading companies and what are their portfolios in Modular Construction Market?
What segments are covered in the Modular Construction Market?
Who are the key players in the Modular Construction market?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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