Modular Construction Market: Global Trends, Growth, and Revenue Outlook Till 2032
The Modular Construction Market Size and Trends Analysis with Forecast 2023-2032. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Fortune Business Insights, the Modular Construction Market size has grown strongly in recent years. It will grow from USD 84.63 billion in 2023 to USD 151.48 billion in 2032 at a compound annual growth rate (CAGR) of 6.8. Research report delivers a comprehensive assessment, offering strategic insights into upcoming trends, growth drivers, supply-demand dynamics, annual growth rates, CAGR, and pricing trends. It also includes a variety of business frameworks, such as Porter’s Five Forces, PESTLE, Value Chain, Four Ps, Market Attractiveness, BPS, and Ecosystem Analyses, providing a holistic view of the market landscape.
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Major Key Players of the Market:
- Guerdon Modular Buildings (U.S.)
- Laing O’Rourke (U.K.)
- ATCO (Canada)
- Red Sea International Company (Saudi Arabia)
- Bouygues Construction (France)
- VINCI Construction Grands Projets (U.K.)
- Skanska AB (Sweden)
- Algeco (U.K.)
- KLEUSBERG GmbH & Co. KG (Germany)
- Katerra (U.S.)
- Lendlease Corporation (Australia)
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Modular Construction Market Segmentation:
Modular Construction Market Size, Share & Industry Analysis, By Type (Permanent Modular Construction and Relocatable Modular Construction), By Material (Wood, Steel and Concrete) By Application (Commercial, Healthcare, Education & Institutional, Hospitality, and Others), and Regional Forecast, 2023-2030
Reasons to purchase this report:
This report provides an in-depth analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Modular Construction Market. It enables businesses to identify opportunities for expansion while recognizing potential risks and challenges. By evaluating product portfolios and business segments, the report offers valuable insights that help stakeholders craft well-informed investment and market strategies.
A comprehensive understanding of the industry dynamics presented in the report will support the development of effective strategies for success in the Modular Construction Market, significantly enhancing decision-making processes. Overall, this report serves as a valuable resource for anyone seeking to stay informed about this fast-evolving industry.
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Drivers & Restraints:
- Drivers:
- Growing demand for faster construction timelines and reduced labor costs in the building industry.
- Increased focus on sustainability and energy efficiency, with modular construction offering eco-friendly solutions.
- Restraints:
- Challenges related to financing and investment in modular construction projects compared to traditional methods.
- Regulatory hurdles and building codes that may not fully accommodate modular designs and processes.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
Modular Construction Market Regional Segmentation:
- North America (By Type, By Material, By Application and By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Type, By Material, By Application and By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Type, By Material, By Application and By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- South East Asia (By Application)
- Rest of Asia Pacific (By Application )
- Middle East & Africa (By Type, By Material, By Application and By Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East and Africa (By Application)
- South America (By Type, By Material, By Application and By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of LATAM (By Application)
FAQ’s:
- What is the current size and projected growth of the modular construction market?
- The global modular construction market was valued at USD 84.63 billion in 2023 and is projected to grow from USD 89.64 billion in 2024 to USD 151.48 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.8% during the forecast period.
- What are the main drivers contributing to the growth of the modular construction market?
- Key drivers of the modular construction market include the increasing demand for cost-effective and efficient construction solutions, the growing focus on sustainability, and the need for quicker project delivery times. Additionally, advancements in technology and materials are enhancing the appeal of modular construction.
- Who are the prominent players in the modular construction market?
- Major companies operating in the modular construction market include Guerdon Modular Buildings (U.S.), Laing O’Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH & Co. KG (Germany), Katerra (U.S.), and Lendlease Corporation (Australia).
- How is the modular construction market segmented by region?
- The modular construction market is segmented into various regions, including North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, and the rest of Europe), Asia Pacific (China, India, Japan, Australia, Southeast Asia, and the rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and the rest of the region), and South America (Brazil, Mexico, and the rest of LATAM).
- What are the typical applications of modular construction?
- Modular construction is commonly used for various applications, including residential buildings, commercial structures, educational facilities, healthcare centers, and industrial projects. Its adaptability and efficiency make it suitable for a wide range of construction needs.
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