PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838363
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838363
Modular Construction Market Introduction and Overview
According to SPER market research, 'Global Modular Construction Market Size - By Type, By Application, By Material, By Molecule - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Modular Construction Market is predicted to reach 227.52 billion by 2034 with a CAGR of 8.19%.
Modular construction uses the same materials and standards as traditional construction but produces structures off-site in controlled factory environments. Once at the construction site, these prefabricated modules are put together to form a finished structure. Faster project completion, less material waste, and better quality control are all made possible by this method. Buildings for homes, businesses, and institutions are increasingly being constructed using modular construction because of its affordability and adaptability.
Restraints: The market for modular building has a number of barriers that prevent its broad use, despite its benefits. For small and medium-sized builders, the high upfront expenses of equipment, transportation, and factory setup might be a deterrent. Regional regulatory differences and a lack of uniform construction rules can result in delays and increased compliance costs. Regarding design constraints, quality issues, and diminished aesthetic appeal, there is still a perception gap between architects and clients.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Application, By Material, By Molecule
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Bouygues Construction, CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS), DuBox, Guerdon, LLC, Hickory Group, LAING O'ROURKE, Lendlease Corporation, LEUSBERG GmbH & Co KG, Modulaire Group, Premier Modular Limited
Global Modular Construction Market Segmentation:
By Type: Based on the Type, Global Modular Construction Market is segmented as; Relocatable, Permanent.
By Application: Based on the Application, Global Modular Construction Market is segmented as; Commercial, Residential, Industrial, Healthcare, Educational.
By Material: Based on the Material, Global Modular Construction Market is segmented as; Wood, Steel, Concrete, Others.
By Molecule: Based on the Molecule, Global Modular Construction Market is segmented as; Four-sided, Open-sided, partially open-sided, Mixed modules & floor cassettes, Modules supported by a primary structure, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.