Modular Construction Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 – 2030

The global Modular Construction market size is expected to be worth around US$ 148.9 billion by 2030, according to a new report by Vision Research Reports.

The global Modular Construction market size was valued at US$ 85.4 billion in 2020 and is anticipated to grow at a CAGR of 7.4% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 148.9 billion by 2030
Growth Rate CAGR of 7.4% From 2021 to 2030
Largest Market Europe
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Laing O’Rourke; Katerra; Skanska AB; Red Sea Housing; DuBox; Sekisui House Ltd.; KLEUSBERG GmbH & Co KG

Growth Factors

Increasing emphasis on improving productivity and rising focus on workplace safety at construction sites are expected to drive the market over the forecast period.

The process involves the prefabrication of modules at a different location from the actual site in a controlled environment, resulting in reduced timelines for completing building projects. This process allows planned inventory usage and limited wastage of raw materials, thereby, significantly reducing the investment required for building work. Assembly lines for modular construction help producers streamline raw material purchasing and inventory management.

Modular constructions are monitored regularly, ensuring a better quality of final products. Furthermore, they can be easily replaced or recycled during renovation activities, thus making them more user-friendly. The permanent modular construction segment dominated the industry in Sweden and accounted for 69.20% of the overall market share in 2020 owing to increased demand for residential wooden housing structures in the region.

By Product Analysis

The permanent modular construction segment led the market and accounted for the largest revenue share of 64.8% in 2020 due to increased efficiency as compared to traditional building methods over the past decade.

The increasing financial outlay for the development of affordable housing structures coupled with the rapid growth of the industrial sector in developing economies is expected to augment the market growth. In addition, a reduction in wastage in modular construction is also expected to drive industry growth.

Relocatable modular structures are utilized to provide temporary accommodations for laborers at worksites. Relocatable modular structures are also utilized by a variety of end-users including local governments, industrial corporations, school boards, and healthcare providers as makeshift offices, healthcare clinics, temporary hotels, and schools.

The Middle East and Africa are expected to generate a huge demand for relocatable modular construction over the forecast period.

By Application Analysis

The residential application segment led the market and accounted for the largest revenue share of 52.8% in 2020. This can be attributed to an increase in residential housing construction activities in the Asia Pacific with a burgeoning population, rapid urbanization.

The commercial application segment was valued at USD 83.8 billion in 2020 and is expected to witness a CAGR of 4.2% over the projected period. Recovering economic situations in key markets such as the U.K., the U.S.

The growing e-commerce industry coupled with rising industrialization has resulted in an increased demand for warehouses and inventory storage buildings.

By Regional Analysis

Europe dominated the modular construction market and accounted for the largest revenue share of 45.7% in 2020. This was due to the growing efforts of the governments in the region to adopt modular construction.

The commercial construction industry in Canada is supported by the growing demand for commercial spaces such as hotels, offices, and retail showrooms.

The U.K. government aims to establish 300,000 residential houses annually over the next five years, which is expected to augment the residential construction sector in the country.

The market for modular construction in India is expected to progress at a CAGR of 5.7% over the forecast period. The government of India’s ambitious scheme to provide permanent housing for all by 2022 is expected to provide a major boost to the market growth over the coming years.

Key Players

  • Laing O’Rourke
  • Katerra
  • Skanska AB
  • Red Sea Housing
  • DuBox
  • Sekisui House Ltd
  • KLEUSBERG GmbH & Co KG

Market Segmentation

  • By Type
    • Relocatable
    • Permanent
  •  By Application
    • Residential
    • Commercial
    • Industrial
    • Healthcare
    • Educational
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • Sweden
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • Singapore
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Modular Construction Market, By Type

7.1.  Modular Construction Market, by Type, 2021-2030

7.1.1.    Relocatable

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Permanent

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Modular Construction Market, By Application

8.1.  Modular Construction Market, by Application, 2021-2030

8.1.1.    Residential

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Commercial

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Industrial

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Healthcare

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Educational

8.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Modular Construction Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Type (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Type (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Type (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Type (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Type (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Type (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Type (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Type (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Type (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Type (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Type (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Type (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Type (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Type (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Type (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Type (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Type (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Type (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Type (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Type (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Type (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Laing O’Rourke

10.1.1.  Company Overview

10.1.2.  Type Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Katerra

10.2.1.  Company Overview

10.2.2.  Type Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Skanska AB

10.3.1.  Company Overview

10.3.2.  Type Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Red Sea Housing

10.4.1.  Company Overview

10.4.2.  Type Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              DuBox

10.5.1.  Company Overview

10.5.2.  Type Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Sekisui House Ltd

10.6.1.  Company Overview

10.6.2.  Type Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              KLEUSBERG GmbH & Co KG

10.7.1.  Company Overview

10.7.2.  Type Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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