The global Modular Construction Market By 2024 is expected to witness significant growth, with its market size projected to increase from USD 84.63 billion in 2023 to 2032 by USD 151.48 billion. This reflects a compound annual growth rate (CAGR) of 6.8% over the forecast period. This report highlights industry growth trends, key drivers such as cost-effective solutions and sustainable practices, and emerging opportunities across residential, commercial, and industrial sectors.

The Modular Construction Market comprises key manufacturers such as 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) Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the Modular Construction Market.

Market Scope:

Featuring in-depth analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address challenges in the Modular Construction Market. Key recent industry developments include;

  • SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.
  • Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.
  • Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group’s modular construction business.
  • Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company’s multifamily portfolio.
  • Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.

Modular Construction Market Highlights:

The report provides valuable insights into the Compound Annual Growth Rate (CAGR) of the Modular Construction Market, projecting its growth from 2023 to 2032. It offers a comprehensive analysis of the key drivers fueling market expansion, highlighting the factors that will propel growth during the forecast period. Additionally, the report delivers precise estimates of the market size and share, helping stakeholders understand the Modular Construction Market’s position in the broader industry.

Future trends and consumer behavior forecasts are also covered, offering a forward-looking perspective on market shifts. The report includes a regional growth analysis, breaking down the performance of the Modular Construction Market across;

  • 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)

Segmentation of this market:

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

Explore a comprehensive Table of Contents, featuring detailed charts, tables, and figures, spread across 120+ pages. This report offers exclusive data, key statistics, industry trends, and insights into the competitive landscape within this niche sector.

Table of Contents:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
  • Key Insights
  • Industry Developments – Mergers, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Advancements
  • Value Chain Analysis

TOC Continued…!

Drivers & Restrains:

  • 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.

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