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Market Research Report
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1025628

Global Modular Construction Market Forecast 2021-2028

Published: | Inkwood Research | 201 Pages | Delivery time: 2-3 business days

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Global Modular Construction Market Forecast 2021-2028
Published: September 1, 2021
Inkwood Research
Content info: 201 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The global modular construction market is forecasted to register a CAGR of 5.66% during the projected period of 2021 to 2028. The market growth is ascribed to the rapid rates of industrialization and urbanization in developing countries, the advantages over traditional construction systems, and labor shortages.

MARKET INSIGHTS

Modular construction entails a process where buildings are constructed offsite through controlled plant conditions before being transported as well as assembled at the final location. This kind of construction incorporates a diverse range of different floor plans and building types.

Modular construction has continued gaining popularity over the years, as notable technological developments have made the process of moving, designing, and assembling modular components relatively easier. Modular constructions are sustainable as they are done in a controlled environment, thereby reducing waste and improving quality management throughout the process. In addition, modular construction sites provide more safety than primitive construction methods since nearly 85% of the construction is completed off the construction site.

REGIONAL INSIGHTS

The global modular construction market growth assessment entails the analysis of North America, the Asia-Pacific, Europe, and the Rest of World. The Asia-Pacific held the highest market share in 2020 owing to key factors such as the increasing demand for residences, the augmenting population base, the tremendous growth of construction opportunities, and the rising government support.

COMPETITIVE INSIGHTS

The global modular construction market is fragmented, with no companies harboring a fair share in order to influence the market. Nevertheless, players strive to bring out the best solution for consumers, and thus, strive to expand their shares within the global market. Overall, the industrial rivalry is anticipated to be moderately low over the forecasting years.

Some of the eminent players operating in the market are Modulaire Group, Champion Home Builders, Clayton Homes, 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 cater 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.
  • 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
Table of Contents
Product Code: 40085

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

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. LABOUR SHORTAGES IN SOME COUNTRIES
  • 3.2. KEY RESTRAINTS
    • 3.2.1. HIGHER COST AND COMPLEXITY IN LOGISTICS
    • 3.2.2. HIGH INITIAL COSTS FOR CONSTRUCTING MANUFACTURING FACILITY
    • 3.2.3. LOWER AWARENESS OF THE TECHNOLOGY

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON MODULAR CONSTRUCTION MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. VALUE CHAIN ANALYSIS
  • 4.7. PESTLE ANALYSIS
    • 4.7.1. POLITICAL
    • 4.7.2. ECONOMICAL
    • 4.7.3. SOCIAL
    • 4.7.4. TECHNOLOGICAL
    • 4.7.5. ENVIRONMENTAL
    • 4.7.6. LEGAL

5. MARKET BY CONSTRUCTION

  • 5.1. PERMANENT
  • 5.2. RE-LOCATABLE

6. MARKET BY MATERIALS

  • 6.1. STEEL
  • 6.2. CONCRETE
  • 6.3. WOOD
  • 6.4. PLASTIC

7. MARKET BY APPLICATION

  • 7.1. COMMERCIAL
  • 7.2. INDUSTRIAL/INSTITUTIONAL
  • 7.3. RESIDENTIAL

8. GEOGRAPHICAL ANALYSIS

  • 8.1. NORTH AMERICA
    • 8.1.1. MARKET SIZE & ESTIMATES
    • 8.1.2. KEY GROWTH ENABLERS
    • 8.1.3. KEY CHALLENGES
    • 8.1.4. KEY PLAYERS
    • 8.1.5. COUNTRY ANALYSIS
      • 8.1.5.1. UNITED STATES
      • 8.1.5.2. CANADA
  • 8.2. EUROPE
    • 8.2.1. MARKET SIZE & ESTIMATES
    • 8.2.2. KEY GROWTH ENABLERS
    • 8.2.3. KEY CHALLENGES
    • 8.2.4. KEY PLAYERS
    • 8.2.5. COUNTRY ANALYSIS
      • 8.2.5.1. UNITED KINGDOM
      • 8.2.5.2. GERMANY
      • 8.2.5.3. FRANCE
      • 8.2.5.4. ITALY
      • 8.2.5.5. RUSSIA
      • 8.2.5.6. BELGIUM
      • 8.2.5.7. POLAND
      • 8.2.5.8. REST OF EUROPE
  • 8.3. ASIA-PACIFIC
    • 8.3.1. MARKET SIZE & ESTIMATES
    • 8.3.2. KEY GROWTH ENABLERS
    • 8.3.3. KEY CHALLENGES
    • 8.3.4. KEY PLAYERS
    • 8.3.5. COUNTRY ANALYSIS
      • 8.3.5.1. CHINA
      • 8.3.5.2. JAPAN
      • 8.3.5.3. INDIA
      • 8.3.5.4. SOUTH KOREA
      • 8.3.5.5. INDONESIA
      • 8.3.5.6. THAILAND
      • 8.3.5.7. VIETNAM
      • 8.3.5.8. AUSTRALIA & NEW ZEALAND
      • 8.3.5.9. REST OF ASIA-PACIFIC
  • 8.4. REST OF WORLD
    • 8.4.1. MARKET SIZE & ESTIMATES
    • 8.4.2. KEY GROWTH ENABLERS
    • 8.4.3. KEY CHALLENGES
    • 8.4.4. KEY PLAYERS
    • 8.4.5. REGIONAL ANALYSIS
      • 8.4.5.1. LATIN AMERICA
      • 8.4.5.2. MIDDLE EAST & AFRICA

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. ABTECH
    • 9.2.2. ALTA-FAB STRUCTURES
    • 9.2.3. ART'S WAY MANUFACTURING
    • 9.2.4. ASTRON
    • 9.2.5. ATCO
    • 9.2.6. BOUYGUES CONSTRUCTION
    • 9.2.7. CHAMPION HOME BUILDERS
    • 9.2.8. CIMC MODULAR BUILDING SYSTEMS
    • 9.2.9. CLAYTON HOMES
    • 9.2.10. FLEETWOOD AUSTRALIA
    • 9.2.11. KOMA MODULAR
    • 9.2.12. MODULAIRE GROUP
    • 9.2.13. RED SEA HOUSING
    • 9.2.14. SKYLINE CHAMPION CORPORATION
    • 9.2.15. ZEKELMAN INDUSTRIES

LIST OF TABLES

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - MODULAR CONSTRUCTION
  • TABLE 2: GLOBAL MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: GLOBAL MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: GLOBAL PERMANENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: GLOBAL PERMANENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: GLOBAL RE-LOCATABLE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: GLOBAL RE-LOCATABLE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: GLOBAL STEEL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 11: GLOBAL STEEL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 12: GLOBAL CONCRETE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 13: GLOBAL CONCRETE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 14: GLOBAL WOOD MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 15: GLOBAL WOOD MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 16: GLOBAL PLASTIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 17: GLOBAL PLASTIC MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 18: GLOBAL MODULAR CONSTRUCTION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 19: GLOBAL MODULAR CONSTRUCTION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 20: GLOBAL COMMERCIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 21: GLOBAL COMMERCIAL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 22: GLOBAL INDUSTRIAL/INSTITUTIONAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 23: GLOBAL INDUSTRIAL/INSTITUTIONAL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 24: GLOBAL RESIDENTIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 25: GLOBAL RESIDENTIAL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 26: GLOBAL MODULAR CONSTRUCTION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 27: GLOBAL MODULAR CONSTRUCTION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 28: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 29: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 30: EUROPE MODULAR CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 31: EUROPE MODULAR CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 32: ASIA-PACIFIC MODULAR CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 33: ASIA-PACIFIC MODULAR CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 34: REST OF WORLD MODULAR CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 35: REST OF WORLD MODULAR CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 36: LIST OF MERGERS & ACQUISITIONS
  • TABLE 37: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 38: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 39: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: VALUE CHAIN ANALYSIS
  • FIGURE 6: GLOBAL MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY CONSTRUCTION, IN 2020
  • FIGURE 7: GLOBAL MODULAR CONSTRUCTION MARKET, BY PERMANENT, 2021-2028 (IN $ MILLION)
  • FIGURE 8: GLOBAL MODULAR CONSTRUCTION MARKET, BY RE-LOCATABLE, 2021-2028 (IN $ MILLION)
  • FIGURE 9: GLOBAL MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020
  • FIGURE 10: GLOBAL MODULAR CONSTRUCTION MARKET, BY STEEL, 2021-2028 (IN $ MILLION)
  • FIGURE 11: GLOBAL MODULAR CONSTRUCTION MARKET, BY CONCRETE, 2021-2028 (IN $ MILLION)
  • FIGURE 12: GLOBAL MODULAR CONSTRUCTION MARKET, BY WOOD, 2021-2028 (IN $ MILLION)
  • FIGURE 13: GLOBAL MODULAR CONSTRUCTION MARKET, BY PLASTIC, 2021-2028 (IN $ MILLION)
  • FIGURE 14: GLOBAL MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
  • FIGURE 15: GLOBAL MODULAR CONSTRUCTION MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)
  • FIGURE 16: GLOBAL MODULAR CONSTRUCTION MARKET, BY INDUSTRIAL/INSTITUTIONAL, 2021-2028 (IN $ MILLION)
  • FIGURE 17: GLOBAL MODULAR CONSTRUCTION MARKET, BY RESIDENTIAL, 2021-2028 (IN $ MILLION)
  • FIGURE 18: NORTH AMERICA MODULAR CONSTRUCTION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 19: UNITED STATES MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 20: CANADA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 21: EUROPE MODULAR CONSTRUCTION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 22: UNITED KINGDOM MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 23: GERMANY MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 24: FRANCE MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 25: ITALY MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 26: RUSSIA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 27: BELGIUM MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 28: POLAND MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 29: REST OF EUROPE MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 30: ASIA-PACIFIC MODULAR CONSTRUCTION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 31: CHINA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 32: JAPAN MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 33: INDIA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 34: SOUTH KOREA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 35: INDONESIA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 36: THAILAND MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 37: VIETNAM MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 38: AUSTRALIA & NEW ZEALAND MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 39: REST OF ASIA-PACIFIC MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION
  • FIGURE 40: REST OF WORLD MODULAR CONSTRUCTION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 41: LATIN AMERICA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 42: MIDDLE EAST & AFRICA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)