Modular Construction Market Trend

In 2023 Modular Construction Market Share is reached to USD 84.63 billion and global market is projected to reach USD 151.48 billion by 2032 and exhibiting a CAGR of 6.8% during the forecast period.

The modular construction market is expanding due to growing demand for sustainable, cost-effective, and rapid building solutions. AI-powered design optimization, prefabrication technologies, and 3D printing innovations are driving market growth. As urbanization accelerates, modular construction is emerging as a key solution for efficient infrastructure development.

This report provides a comprehensive analysis of the Modular Construction Market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

Some major companies are leadinng in the Modular Construction industry 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)

The report highlights the segmentation, regional expansion, revenue trends, production, and consumption growth of the Modular Construction Market. It provides insights into the market size, growth trends, industry dynamics, and future forecasts, outlining key factors shaping the business landscape. Additionally, the study covers upcoming products, joint ventures, strategic developments, mergers and acquisitions, marketing initiatives, revenue generation, trade activities (import/export), CAGR values, and overall industry performance, along with an analysis of competitive challenges within the market.

Overview and Scope of the Report

This report focuses on the global Modular Construction market, with particular emphasis on North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It categorizes the market based on manufacturers, regions, types, and applications, offering a comprehensive analysis of the current market landscape. The study includes historical data and future projections of market size in terms of value and volume. Additionally, it examines technological advancements and evaluates macroeconomic and regulatory factors shaping market dynamics.

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

Recent Industry developments of the market

  • 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.

Why Should You Obtain This Report?

? Statistical Advantage: Access essential historical data and market projections for the Modular Construction Market, equipping you with key statistics to drive informed decision-making.

? Competitive Landscape Mapping: Explore and evaluate the positions of key market players, offering a comprehensive view of the competitive landscape.

? Insight into Demand Dynamics: Gain in-depth knowledge of demand patterns, revealing market consumption trends and potential growth opportunities.

? Identification of Market Opportunities: Accurately assess market potential, empowering stakeholders to make well-informed strategic decisions.

Purchasing this report provides access to the latest and most reliable data, enhancing your market strategies and ensuring a well-informed position in the dynamic Machinery & Equipment industry. Each report is carefully crafted to deliver essential insights, empowering clients with the critical intelligence needed to thrive in this evolving market.

Regional insights

  • North America: USA, Canada, Mexico, etc.
  • Asia-Pacific: China, Japan, Korea, India, and Southeast Asia
  • The Middle East and Africa: Saudi Arabia, the UAE, Egypt, Turkey, Nigeria, and South Africa
  • Europe: Germany, France, the UK, Russia, and Italy
  • South America: Brazil, Argentina, Columbia, etc.

Detailed TOC

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

TOC continues…!

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