Global Modular Construction Market Forecast 2023-2032

The global modular construction market is projected to develop with a CAGR of 6.68% during the forecast years 2023 to 2032. The market's growth is attributable to factors such as the advantages over traditional construction systems, the increase in urbanization and industrialization in developing countries, as well as advantages of a time and cost-effective method of construction

MARKET INSIGHTS

Modularization is characterized as a construction method where a complete unit of a building is constructed off-site instead of smaller structural components, as with panelization. During the modular construction process, buildings are constructed in a controlled environment and, subsequently, put together at the construction site. The modules are built through the use of common building materials as well as assembly-line production techniques.

Furthermore, compared to traditional approaches, modular construction entails overlapping site development at the construction site and building construction in the manufacturing facility. This approach reduces construction time by up to 50%. Also, modular building sites are adaptable, mobile, and can be disassembled and renovated. Hence, the advantages of a time and cost-effective method of construction are set to propel the global modular construction market growth.

REGIONAL INSIGHTS

The global modular construction market growth study covers the analysis of the Asia-Pacific, North America, Europe, and Rest of World. The Asia-Pacific is set to lead and dominate the global modular construction market during the forecast period. The increase in research and development initiatives, rising investments in the residential and commercial industry, and strategic initiatives between various governments as well as the private sector are expected to propel the region's market growth.

COMPETITIVE INSIGHTS

The industrial rivalry in the global modular construction market is anticipated to be moderate over the forecast years. Some of the leading companies operating in the market are Berkeley Group, Larsen & Toubro Limited, Modulaire Group, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 40085

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
- 2.5.1. MODULAR CONSTRUCTION IS MORE ECONOMICAL THAN OTHER TYPES
- 2.5.2. MODULAR CONSTRUCTION INCURS TRANSPORTATION COSTS, FURTHER INFLUENCING THE PROJECT'S FEASIBILITY
- 2.5.3. A NEW WAVE OF ATTENTION AND INVESTMENT

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. ADVANTAGES OVER TRADITIONAL CONSTRUCTION SYSTEMS
- 3.1.2. URBANIZATION AND INDUSTRIALIZATION IN DEVELOPING COUNTRIES
- 3.1.3. TIME AND COST-EFFECTIVE METHOD OF CONSTRUCTION
- 3.1.4. LABOR SHORTAGE
- 3.1.5. LOWER DEFECTS AND REWORKS
3.2. KEY RESTRAINTS
- 3.2.1. HIGHER COSTS AND LOGISTICAL COMPLEXITIES
- 3.2.2. HIGH INITIAL COSTS FOR CONSTRUCTING MANUFACTURING FACILITIES
- 3.2.3. LOW AWARENESS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR UNITED STATES
- 4.3.2. GROWTH PROSPECT MAPPING FOR GERMANY
- 4.3.3. GROWTH PROSPECT MAPPING FOR CHINA
- 4.3.4. GROWTH PROSPECT MAPPING FOR SAUDI ARABIA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.7. REGULATORY FRAMEWORK

5. MARKET BY CONSTRUCTION

5.1. PERMANENT MODULAR CONSTRUCTION
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. RELOCATABLE MODULAR CONSTRUCTION
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS

6. MARKET BY MATERIAL

6.1. STEEL
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. CONCRETE
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. WOOD
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. PLASTIC
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS

7. MARKET BY APPLICATION

7.1. COMMERCIAL
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. INDUSTRIAL/INSTITUTIONAL
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. RESIDENTIAL
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. NORTH AMERICA MODULAR CONSTRUCTION MARKET DRIVERS
- 8.1.3. NORTH AMERICA MODULAR CONSTRUCTION MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN NORTH AMERICA MODULAR CONSTRUCTION MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. UNITED STATES
  - 8.1.5.1.1. UNITED STATES MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. CANADA
  - 8.1.5.2.1. CANADA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
8.2. EUROPE
- 8.2.1. MARKET SIZE & ESTIMATES
- 8.2.2. EUROPE MODULAR CONSTRUCTION MARKET DRIVERS
- 8.2.3. EUROPE MODULAR CONSTRUCTION MARKET CHALLENGES
- 8.2.4. KEY PLAYERS IN EUROPE MODULAR CONSTRUCTION MARKET
- 8.2.5. COUNTRY ANALYSIS
  - 8.2.5.1. UNITED KINGDOM
  - 8.2.5.1.1. UNITED KINGDOM MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.2. GERMANY
  - 8.2.5.2.1. GERMANY MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.3. FRANCE
  - 8.2.5.3.1. FRANCE MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.4. ITALY
  - 8.2.5.4.1. ITALY MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.5. SPAIN
  - 8.2.5.5.1. SPAIN MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.6. BELGIUM
  - 8.2.5.6.1. BELGIUM MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.7. POLAND
  - 8.2.5.7.1. POLAND MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.2.5.8. REST OF EUROPE
  - 8.2.5.8.1. REST OF EUROPE MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
8.3. ASIA-PACIFIC
- 8.3.1. MARKET SIZE & ESTIMATES
- 8.3.2. ASIA-PACIFIC MODULAR CONSTRUCTION MARKET DRIVERS
- 8.3.3. ASIA-PACIFIC MODULAR CONSTRUCTION MARKET CHALLENGES
- 8.3.4. KEY PLAYERS IN ASIA-PACIFIC MODULAR CONSTRUCTION MARKET
- 8.3.5. COUNTRY ANALYSIS
  - 8.3.5.1. CHINA
  - 8.3.5.1.1. CHINA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.2. JAPAN
  - 8.3.5.2.1. JAPAN MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.3. INDIA
  - 8.3.5.3.1. INDIA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.4. SOUTH KOREA
  - 8.3.5.4.1. SOUTH KOREA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.5. INDONESIA
  - 8.3.5.5.1. INDONESIA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.6. THAILAND
  - 8.3.5.6.1. THAILAND MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.7. VIETNAM
  - 8.3.5.7.1. VIETNAM MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.8. AUSTRALIA & NEW ZEALAND
  - 8.3.5.8.1. AUSTRALIA & NEW ZEALAND MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.3.5.9. REST OF ASIA-PACIFIC
  - 8.3.5.9.1. REST OF ASIA-PACIFIC MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
8.4. REST OF WORLD
- 8.4.1. MARKET SIZE & ESTIMATES
- 8.4.2. REST OF WORLD MODULAR CONSTRUCTION MARKET DRIVERS
- 8.4.3. REST OF WORLD MODULAR CONSTRUCTION MARKET CHALLENGES
- 8.4.4. KEY PLAYERS IN REST OF WORLD MODULAR CONSTRUCTION MARKET
- 8.4.5. REGIONAL ANALYSIS
  - 8.4.5.1. LATIN AMERICA
  - 8.4.5.1.1. LATIN AMERICA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  - 8.4.5.2. MIDDLE EAST & AFRICA
  - 8.4.5.2.1. MIDDLE EAST & AFRICA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. SERVICES LIST
- 9.2.2. ASTRON
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. SERVICES LIST
- 9.2.3. BALFOUR BEATTY PLC
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCTS LIST
- 9.2.4. BERKELEY GROUP (BERKELEY MODULAR)
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. RECENT DEVELOPMENTS
- 9.2.5. BOUYGUES CONSTRUCTION
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. RECENT DEVELOPMENTS
- 9.2.6. GUERDON MODULAR BUILDINGS
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. RECENT DEVELOPMENTS
- 9.2.7. JEFF LUCHETTI CONSTRUCTION INC
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. RECENT DEVELOPMENTS
- 9.2.8. JULIUS BERGER NIGERIA PLC
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. RECENT DEVELOPMENTS
- 9.2.9. KLEUSBERG GMBH & CO KG
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCTS LIST
- 9.2.10. KOMA MODULAR
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCTS LIST
- 9.2.11. LAING O'ROURKE
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. RECENT DEVELOPMENTS
- 9.2.12. LARSEN & TOUBRO LIMITED
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. RECENT DEVELOPMENTS
- 9.2.13. MODULAIRE GROUP
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCTS LIST
- 9.2.14. PALOMAR MODULAR BUILDINGS
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. RECENT DEVELOPMENTS
- 9.2.15. RIKO HISE D.O.O.
  - 9.2.15.1. COMPANY OVERVIEW
  - 9.2.15.2. RECENT DEVELOPMENTS
- 9.2.16. RED SEA HOUSING
  - 9.2.16.1. COMPANY OVERVIEW
  - 9.2.16.2. RECENT DEVELOPMENTS
- 9.2.17. SKANSKA GROUP
  - 9.2.17.1. COMPANY OVERVIEW
  - 9.2.17.2. RECENT DEVELOPMENTS
- 9.2.18. SYSTEM HOUSE R&C CO LTD
  - 9.2.18.1. COMPANY OVERVIEW
  - 9.2.18.2. RECENT DEVELOPMENTS
- 9.2.19. TAISEI CORPORATION
  - 9.2.19.1. COMPANY OVERVIEW
  - 9.2.19.2. RECENT DEVELOPMENTS
- 9.2.20. WERNICK GROUP
  - 9.2.20.1. COMPANY OVERVIEW
  - 9.2.20.2. PRODUCTS LIST