Asia Pacific Modular Construction Market Size Expands at a Significant CAGR of 6.85% To Touch USD 57.32 Billion by 2030
Asia Pacific Modular Construction Market is propelled by rapid urbanization; a growing focus on cost efficiency, time savings, and sustainability; and an increasing number of infrastructure projects fostering market growth and innovations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia Pacific Modular Construction Market size at USD 38.52 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Asia Pacific Modular Construction Market size to grow at a CAGR of 6.85% reaching a value of USD 57.32 billion by 2030. Asia Pacific Modular Construction Market is propelled by rapid urbanization, growing population, and an increasing need for efficient and cost-effective construction solutions. The region's demand for faster project delivery reduced labor costs, and sustainable building practices further drive the adoption of modular construction. Government initiatives promoting affordable housing and infrastructure development also contribute to market growth. Additionally, the flexibility and versatility of modular construction techniques align with the dynamic construction landscape in Asia Pacific, fostering innovations and technological advancements in the market.
Opportunity – Surging adoption of modular construction in non-residential sector
As the Asia Pacific Modular Construction Market experiences exponential growth, the key driver lies in the increasing adoption of modular solutions in non-residential sector. From commercial spaces to industrial facilities, the versatility and efficiency of modular construction are reshaping the region's urban landscape. The trend accelerates project timelines and also enhances cost-effectiveness, positioning modular construction as the cornerstone for future developments across diverse segments in the non-residential construction sector.
Impact of Escalating Geopolitical Tensions on Asia Pacific Modular Construction Market
Escalating geopolitical tensions across regions, compounded by the Russia-Ukraine war, have significantly impacted the growth of Asia Pacific Modular Construction Market. Heightened uncertainties, supply chain disruptions, and increased construction costs due to geopolitical instability have deterred investments and slowed project timelines. The conflict led to fluctuations in raw material prices and disrupted the flow of critical construction components, causing delays and cost overruns. Investor confidence has waned, impacting the market's growth potential as geopolitical risks continue to cast shadows over the stability of Asia Pacific Modular Construction Market.
Asia Pacific Modular Construction Market
Segmental Coverage
Asia Pacific Modular Construction Market – By Type
Based on type, Asia Pacific Modular Construction Market is split into Permanent and Relocatable segments. The permanent construction segment holds a higher market share in the Asia Pacific Modular Construction Market. The segment emphasizes long-term, fixed structures that are not easily moved, catering to the region's growing demand for durable and sustainable building solutions. The permanent segment underscores a commitment to stability and permanence in construction projects, aligning with the region's evolving infrastructure needs. As the market continues to expand, the dominance of the permanent segment highlights a sustained focus on robust and enduring structures in the Asia Pacific Modular Construction Market.
Asia Pacific Modular Construction Market – By Material
Based on material, Asia Pacific Modular Construction Market is divided into Steel, Wood, and Concrete segments. The steel segment stands out as the largest, due to the robust structural properties, cost-effectiveness, and rapid construction capabilities offered by steel modular construction. The demand for efficient and durable building solutions, coupled with the versatility of steel in various construction applications, positions it as the leading segment in the dynamic Asia Pacific Modular Construction Market.
Competitive Landscape
Asia Pacific Modular Construction Market is fiercely competitive. Major companies in the market include Laing O'Rourke, Red Sea International, Atco Ltd, Modulaire Group, Bechtel Corporation, Fluor Corporation, Koma Modular, Custom Shipping Containers and Modular Buildings, CIMC Modular Building Systems, and Shanghai Star House. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Asia Pacific Modular Construction Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia Pacific Modular Construction Markets. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Asia Pacific Modular Construction Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Asia Pacific Modular Construction Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid urbanization and population growth
- 3.2.1.2. Growing demand for sustainable construction
- 3.2.2. Restraints
- 3.2.2.1. Initial investment costs
- 3.2.2.2. Lack of standardization
- 3.2.3. Opportunities
- 3.2.3.1. Technological advancements
- 3.2.3.2. Growing adoption in non-residential sectors
- 3.2.4. Challenges
- 3.2.4.1. Skilled labor shortage
- 3.2.4.2. Supply chain disruptions
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Asia Pacific Modular Construction Market Overview
- 4.1. Market Size & Forecast, 2019–2030
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Permanent
- 4.2.1.2. Relocatable
- 4.2.2. By Material
- 4.2.2.1. Steel
- 4.2.2.2. Wood
- 4.2.2.3. Concrete
- 4.2.3. By Module
- 4.2.3.1. Four-sided
- 4.2.3.2. Open-sided
- 4.2.3.3. Partially open-sided
- 4.2.3.4. Mixed modules & floor cassettes
- 4.2.3.5. Modules supported by a primary structure
- 4.2.3.6. Others
- 4.2.4. By End Use
- 4.2.4.1. Residential
- 4.2.4.2. Office
- 4.2.4.3. Education
- 4.2.4.4. Retail & Commercial
- 4.2.4.5. Hospitality
- 4.2.4.6. Healthcare
- 4.2.4.7. Others
- 4.2.5. By Country
- 4.2.5.1. China
- 4.2.5.2. India
- 4.2.5.3. Japan
- 4.2.5.4. South Korea
- 4.2.5.5. Australia & New Zealand
- 4.2.5.6. Indonesia
- 4.2.5.7. Malaysia
- 4.2.5.8. Singapore
- 4.2.5.9. Vietnam
- 4.2.5.10. Rest of Asia Pacific
- 5. China Modular Construction Market
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Material
- 5.2.3. By Module
- 5.2.4. By End Use
- 6. India Modular Construction Market
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Material
- 6.2.3. By Module
- 6.2.4. By End Use
- 7. Japan Modular Construction Market
- 7.1. Market Size & Forecast, 2019–2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Material
- 7.2.3. By Module
- 7.2.4. By End Use
- 8. South Korea Modular Construction Market
- 8.1. Market Size & Forecast, 2019–2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Material
- 8.2.3. By Module
- 8.2.4. By End Use
- 9. Australia & New Zealand Modular Construction Market
- 9.1. Market Size & Forecast, 2019–2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Material
- 9.2.3. By Module
- 9.2.4. By End Use
- 10. Indonesia Modular Construction Market
- 10.1. Market Size & Forecast, 2019–2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Material
- 10.2.3. By Module
- 10.2.4. By End Use
- 11. Malaysia Modular Construction Market
- 11.1. Market Size & Forecast, 2019–2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Material
- 11.2.3. By Module
- 11.2.4. By End Use
- 12. Singapore Modular Construction Market
- 12.1. Market Size & Forecast, 2019–2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Type
- 12.2.2. By Material
- 12.2.3. By Module
- 12.2.4. By End Use
- 13. Vietnam Modular Construction Market
- 13.1. Market Size & Forecast, 2019–2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Type
- 13.2.2. By Material
- 13.2.3. By Module
- 13.2.4. By End Use
- 13.3. Market Size & Forecast, 2019–2030
- 13.3.1. By Volume (Unit)
- 13.4. Market Share & Forecast
- 13.4.1. By Type
- 13.4.2. By Material
- 13.4.3. By Module
- 13.4.4. By End Use
- 14. Rest of Asia Pacific Modular Construction Market
- 14.1. Market Size & Forecast, 2019–2030
- 14.1.1. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Type
- 14.2.2. By Material
- 14.2.3. By Module
- 14.2.4. By End Use
- 15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Asia Pacific Modular Construction Company Market Share Analysis, 2022
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 16. Impact of Escalating Geopolitical Tensions on Asia Pacific Modular Construction Market
- 17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 17.1. Laing O'Rourke
- 17.2. Red Sea International
- 17.3. Atco Ltd
- 17.4. Modulaire Group
- 17.5. Bechtel Corporation
- 17.6. Fluor Corporation
- 17.7. Koma Modular
- 17.8. Custom Shipping Containers and Modular Buildings
- 17.9. CIMC Modular Building Systems
- 17.10. Shanghai Star House
- 17.11. Other Prominent Players
- 18. Key Strategic Recommendations
- 19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Asia Pacific Modular Construction Segmentation
- Figure 2 Asia Pacific Modular Construction Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Asia Pacific Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 5 Asia Pacific Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 6 Asia Pacific Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 7 Asia Pacific Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 8 Asia Pacific Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 9 Asia Pacific Modular Construction Market Share, By Country, By Value, 2019–2030
- Figure 10 China Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 11 China Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 12 China Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 13 China Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 14 China Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 15 India Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 16 India Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 17 India Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 18 India Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 19 India Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 20 Japan Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 21 Japan Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 22 Japan Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 23 Japan Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 24 Japan Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 25 South Korea Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 26 South Korea Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 27 South Korea Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 28 South Korea Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 29 South Korea Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 30 Australia & New Zealand Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 31 Australia & New Zealand Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 32 Australia & New Zealand Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 33 Australia & New Zealand Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 34 Australia & New Zealand Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 35 Indonesia Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 36 Indonesia Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 37 Indonesia Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 38 Indonesia Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 39 Indonesia Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 40 Malaysia Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 41 Malaysia Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 42 Malaysia Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 43 Malaysia Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 44 Malaysia Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 45 Singapore Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 46 Singapore Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 47 Singapore Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 48 Singapore Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 49 Singapore Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 50 Vietnam Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 51 Vietnam Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 52 Vietnam Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 53 Vietnam Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 54 Vietnam Modular Construction Market Share, By End Use, By Value, 2019–2030
- Figure 55 Rest of Asia Pacific Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Figure 56 Rest of Asia Pacific Modular Construction Market Share, By Type, By Value, 2019–2030
- Figure 57 Rest of Asia Pacific Modular Construction Market Share, By Material, By Value, 2019–2030
- Figure 58 Rest of Asia Pacific Modular Construction Market Share, By Module, By Value, 2019–2030
- Figure 59 Rest of Asia Pacific Modular Construction Market Share, By End Use, By Value, 2019–2030
- List of Tables
- Table 1 Asia Pacific Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 2 Asia Pacific Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 3 Asia Pacific Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 4 Asia Pacific Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 5 Asia Pacific Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 6 Asia Pacific Modular Construction Market Size, By Country, By Value, 2019–2030
- Table 7 China Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 8 China Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 9 China Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 10 China Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 11 China Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 12 India Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 13 India Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 14 India Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 15 India Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 16 India Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 17 Japan Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 18 Japan Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 19 Japan Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 20 Japan Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 21 Japan Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 22 South Korea Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 23 South Korea Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 24 South Korea Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 25 South Korea Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 26 South Korea Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 27 Australia & New Zealand Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 28 Australia & New Zealand Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 29 Australia & New Zealand Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 30 Australia & New Zealand Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 31 Australia & New Zealand Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 32 Indonesia Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 33 Indonesia Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 34 Indonesia Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 35 Indonesia Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 36 Indonesia Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 37 Malaysia Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 38 Malaysia Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 39 Malaysia Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 40 Malaysia Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 41 Malaysia Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 42 Singapore Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 43 Singapore Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 44 Singapore Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 45 Singapore Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 46 Singapore Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 47 Vietnam Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 48 Vietnam Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 49 Vietnam Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 50 Vietnam Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 51 Vietnam Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 52 Rest of Asia Pacific Modular Construction Market Size, By Value (USD Billion), 2019–2030
- Table 53 Rest of Asia Pacific Modular Construction Market Size, By Type, By Value, 2019–2030
- Table 54 Rest of Asia Pacific Modular Construction Market Size, By Material, By Value, 2019–2030
- Table 55 Rest of Asia Pacific Modular Construction Market Size, By Module, By Value, 2019–2030
- Table 56 Rest of Asia Pacific Modular Construction Market Size, By End Use, By Value, 2019–2030
- Table 57 Laing O’Rourke Company Overview
- Table 58 Laing O’Rourke Financial Overview
- Table 59 Red Sea International Company Overview
- Table 60 Red Sea International Financial Overview
- Table 61 Atco Ltd Company Overview
- Table 62 Atco Ltd Financial Overview
- Table 63 Modulaire Group Company Overview
- Table 64 Modulaire Group Financial Overview
- Table 65 Bechtel Corporation Company Overview
- Table 66 Bechtel Corporation Financial Overview
- Table 67 Fluor Corporation Company Overview
- Table 68 Fluor Corporation Financial Overview
- Table 69 Koma Modular Company Overview
- Table 70 Koma Modular Financial Overview
- Table 71 Custom Shipping Containers and Modular Building Company Overview
- Table 72 Custom Shipping Containers and Modular Building Financial Overview
- Table 73 CIMC Modular Building Systems Company Overview
- Table 74 CIMC Modular Building Systems Financial Overview
- Table 75 Shanghai Star House Company Overview
- Table 76 Shanghai Star House Financial Overview
- Table 77 Other Prominent Players Company Overview
- Table 78 Other Prominent Players Financial Overview
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