Market Research

Modular Construction Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Permanent, Relocatable); By Material (Concrete, Steel, Wood); By Module (Four-Sided Modules, Open-Sided Modules, Partially Ope

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from $4,450 240 Pages BlueWeave Consulting December, 2022 BLWC17630981
Best Price Guarantee
Price from $4,450
Length 240 Pages
Publisher BlueWeave Consulting
Published Date December, 2022
SKU BLWC17630981

Modular Construction Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Permanent, Relocatable); By Material (Concrete, Steel, Wood); By Module (Four-Sided Modules, Open-Sided Modules, Partially Open-Sided Modules, Mixed Modules and Floor Cassettes, Others); By End-Use Industry (Residential, Commercial, Healthcare, Hospitality, Office, and Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Global Modular Construction Market Size Zooming to Touch Whopping USD 130.5 Billion by 2029
Global modular construction market size is flourishing due to favorable features of modular construction including sustainability, quality, worker safety; and modular construction also provides ease of disassembly, renovation, and relocation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global modular construction market size at USD 89.4 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global modular construction market size to grow at a steady CAGR of 5.6% reaching a value of USD 130.49 billion by 2029. In the coming years, the modular construction market is expected to be driven by factors including rapid urbanization and industrialization in developing nations, such as India and Indonesia. Rising infrastructure spending is also expected to fuel the market expansion for modular construction. The market for modular construction may also experience growth due to rising investments in the development of commercial spaces in the future using the modular format. In the coming years, the modular construction market size may also expand due to a rising demand for work-zone safety.
Global Modular Construction Market – Overview
Modular construction is a method for building structures off-site. The building is constructed in about half the time, with the same materials and design specifications as conventionally built facilities, in a controlled plant environment. Even in the most sophisticated site-built facility, buildings are produced in "modules" that, when assembled on site, reflect the same design intent without compromising. Less waste and less site disruption are produced by the factory-controlled process, which also enables more precise construction. The construction projects can also be completed in half the time it would take with traditional construction because modular buildings are built concurrently with site preparation. Modular buildings are constructed using the same components, laws governing construction, and specifications for architectural design, as conventional structures. Once assembled, they are virtually indistinguishable from their site-built counterparts.
Opportunity: Increase in per capita income and simple access to credit
Off-site prefabrication can be increased with the help of innovative technologies, including artificial intelligence (AI); modular construction reduces the project cost by 20–30%. The demand for affordable housing can be met with the aid of modular construction.
Challenge: Lack of trust in modular construction in earthquake-prone areas
Modular construction is an innovative method for building homes and businesses. Modular homes can be found in an earthquake and seismic zones, but precision modular house assembly is required. Assembling errors can result in joint problems, leaks, or void spaces. Earthquake-resistant construction is the creation of a structure or building that can withstand a sudden shock or shake while minimizing structural damage, human deaths, and injuries.
Impact of COVID-19 on Global Modular Construction Market
The market for modular construction was hurt by the COVID-19 outbreak. Lockdowns were implemented by governments to stop the virus's spread, which decreased construction activity and hurt the labor-intensive industry. However, restrictions were relaxed and building activities resumed in many regions of the world as cases declined and vaccines became more widely accessible.
Global Modular Construction Market – By Material
There are three segments in the global modular construction market: concrete, steel, and wood. The modular construction market's fastest-growing segment is anticipated to be steel. The building's structural integrity, adaptability in terms of design, strength, durability, and fire resistance, as well as the need for fewer repairs and upkeep over its lifetime, are all factors. In modular construction, a steel frame, steel, cold-formed steel wall panels, and a hot-rolled steel framework are typically used to construct buildings. Steel is renowned for having an excellent strength-to-weight ratio. The demand for this market segment is rising because of these factors.
Competitive Landscape
Global modular construction market is fiercely competitive. Prominent players in Laing O’Rourke, Red Sea Housing, ATCO Ltd., Skanska AB, Kluesberg GmbH & Co. Kg, Katerra, Anderco Pte. Ltd., Gaint Containers Inc., Honomobo Corporation, Lendlease Corporation, Dubox, Vinci S.A, Turner Industries, Koma Modular, and DMD Modular. 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 global modular construction market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Modular Construction Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Modular Construction Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, 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. Global Modular Construction Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rise in Urbanization & Industrialization in Developing Countries
3.2.1.2. Increase in Pace of Construction
3.2.1.3. High Efficiency of Modular Construction
3.2.2. Restraints
3.2.2.1. Lack of Reliability on Modular Construction in Earthquake-Prone Regions
3.2.2.2. Lack of Skilled Labor and Infrastructure in Developing Countries
3.2.3. Opportunities
3.2.3.1. Increase in Investments in Infrastructure
3.2.4. Challenges
3.2.4.1. Lack of Awareness in Developing Economies
3.2.4.2. Volatility in Transportation Charges
3.3. Technology 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. Global Modular Construction Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
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. Concrete
4.2.2.2. Steel
4.2.2.3. Wood
4.2.3. By Module
4.2.3.1. Four-Sided Modules
4.2.3.2. Open-Sided Modules
4.2.3.3. Partially Open-Sided Modules
4.2.3.4. Mixed Modules and Floor Cassettes
4.2.3.5. Others
4.2.4. By End-Use Industry
4.2.4.1. Residential
4.2.4.2. Commercial
4.2.4.3. Healthcare
4.2.4.4. Hospitality
4.2.4.5. Office
4.2.4.6. Others
4.2.5. By Region
4.2.5.1. North America
4.2.5.2. Europe
4.2.5.3. Asia Pacific (APAC)
4.2.5.4. Latin America (LATAM)
4.2.5.5. Middle East and Africa (MEA)
5. North America Modular Construction Market
5.1.1. Market Size & Forecast, 2019–2029
5.1.2. By Value (USD Million)
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 Industry
5.2.5. By Country
5.2.5.1. US
5.2.5.1.1. By Type
5.2.5.1.2. By Material
5.2.5.1.3. By Module
5.2.5.1.4. By End-Use Industry
5.2.5.2. Canada
5.2.5.2.1. By Type
5.2.5.2.2. By Material
5.2.5.2.3. By Module
5.2.5.2.4. By End-Use Industry
6. Europe Modular Construction Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
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 Industry
6.2.5. By Country
6.2.5.1. Germany
6.2.5.1.1. By Type
6.2.5.1.2. By Material
6.2.5.1.3. By Module
6.2.5.1.4. By End-Use Industry
6.2.5.2. UK
6.2.5.2.1. By Type
6.2.5.2.2. By Material
6.2.5.2.3. By Module
6.2.5.2.4. By End-Use Industry
6.2.5.3. Italy
6.2.5.3.1. By Type
6.2.5.3.2. By Material
6.2.5.3.3. By Module
6.2.5.3.4. By End-Use Industry
6.2.5.4. France
6.2.5.4.1. By Type
6.2.5.4.2. By Material
6.2.5.4.3. By Module
6.2.5.4.4. By End-Use Industry
6.2.5.5. Spain
6.2.5.5.1. By Type
6.2.5.5.2. By Material
6.2.5.5.3. By Module
6.2.5.5.4. By End-Use Industry
6.2.5.6. The Netherlands
6.2.5.6.1. By Type
6.2.5.6.2. By Material
6.2.5.6.3. By Module
6.2.5.6.4. By End-Use Industry
6.2.5.7. Belgium
6.2.5.7.1. By Type
6.2.5.7.2. By Material
6.2.5.7.3. By Module
6.2.5.7.4. By End-Use Industry
6.2.5.8. NORDIC Countries
6.2.5.8.1. By Type
6.2.5.8.2. By Material
6.2.5.8.3. By Module
6.2.5.8.4. By End-Use Industry
6.2.5.9. Rest of Europe
6.2.5.9.1. By Type
6.2.5.9.2. By Material
6.2.5.9.3. By Module
6.2.5.9.4. By End-Use Industry
7. Asia-Pacific Modular Construction Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
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 Industry
7.2.5. By Country
7.2.5.1. China
7.2.5.1.1. By Type
7.2.5.1.2. By Material
7.2.5.1.3. By Module
7.2.5.1.4. By End-Use Industry
7.2.5.2. India
7.2.5.2.1. By Type
7.2.5.2.2. By Material
7.2.5.2.3. By Module
7.2.5.2.4. By End-Use Industry
7.2.5.3. Japan
7.2.5.3.1. By Type
7.2.5.3.2. By Material
7.2.5.3.3. By Module
7.2.5.3.4. By End-Use Industry
7.2.5.4. South Korea
7.2.5.4.1. By Type
7.2.5.4.2. By Material
7.2.5.4.3. By Module
7.2.5.4.4. By End-Use Industry
7.2.5.5. Australia & New Zealand
7.2.5.5.1. By Type
7.2.5.5.2. By Material
7.2.5.5.3. By Module
7.2.5.5.4. By End-Use Industry
7.2.5.6. Indonesia
7.2.5.6.1. By Type
7.2.5.6.2. By Material
7.2.5.6.3. By Module
7.2.5.6.4. By End-Use Industry
7.2.5.7. Malaysia
7.2.5.7.1. By Type
7.2.5.7.2. By Material
7.2.5.7.3. By Module
7.2.5.7.4. By End-Use Industry
7.2.5.8. Singapore
7.2.5.8.1. By Type
7.2.5.8.2. By Material
7.2.5.8.3. By Module
7.2.5.8.4. By End-Use Industry
7.2.5.9. Philippines
7.2.5.9.1. By Type
7.2.5.9.2. By Material
7.2.5.9.3. By Module
7.2.5.9.4. By End-Use Industry
7.2.5.10. Vietnam
7.2.5.10.1. By Type
7.2.5.10.2. By Material
7.2.5.10.3. By Module
7.2.5.10.4. By End-Use Industry
7.2.5.11. Rest of Asia Pacific
7.2.5.11.1. By Type
7.2.5.11.2. By Material
7.2.5.11.3. By Module
7.2.5.11.4. By End-Use Industry
8. Latin America Modular Construction Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
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 Industry
8.2.5. By Country
8.2.5.1. Brazil
8.2.5.1.1. By Type
8.2.5.1.2. By Material
8.2.5.1.3. By Module
8.2.5.1.4. By End-Use Industry
8.2.5.2. Mexico
8.2.5.2.1. By Type
8.2.5.2.2. By Material
8.2.5.2.3. By Module
8.2.5.2.4. By End-Use Industry
8.2.5.3. Argentina
8.2.5.3.1. By Type
8.2.5.3.2. By Material
8.2.5.3.3. By Module
8.2.5.3.4. By End-Use Industry
8.2.5.4. Peru
8.2.5.4.1. By Type
8.2.5.4.2. By Material
8.2.5.4.3. By Module
8.2.5.4.4. By End-Use Industry
8.2.5.5. Colombia
8.2.5.5.1. By Type
8.2.5.5.2. By Material
8.2.5.5.3. By Module
8.2.5.5.4. By End-Use Industry
8.2.5.6. Rest of Latin America
8.2.5.6.1. By Type
8.2.5.6.2. By Material
8.2.5.6.3. By Module
8.2.5.6.4. By End-Use Industry
9. Middle East & Africa Modular Construction Market
9.1. Market Size & Forecast, 2019–2029
9.1.1. By Value (USD Million)
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 Industry
9.2.5. By Country
9.2.5.1. Saudi Arabia
9.2.5.1.1. By Type
9.2.5.1.2. By Material
9.2.5.1.3. By Module
9.2.5.1.4. By End-Use Industry
9.2.5.2. UAE
9.2.5.2.1. By Type
9.2.5.2.2. By Material
9.2.5.2.3. By Module
9.2.5.2.4. By End-Use Industry
9.2.5.3. Qatar
9.2.5.3.1. By Type
9.2.5.3.2. By Material
9.2.5.3.3. By Module
9.2.5.3.4. By End-Use Industry
9.2.5.4. Kuwait
9.2.5.4.1. By Type
9.2.5.4.2. By Material
9.2.5.4.3. By Module
9.2.5.4.4. By End-Use Industry
9.2.5.5. Iran
9.2.5.5.1. By Type
9.2.5.5.2. By Material
9.2.5.5.3. By Module
9.2.5.5.4. By End-Use Industry
9.2.5.6. South Africa
9.2.5.6.1. By Type
9.2.5.6.2. By Material
9.2.5.6.3. By Module
9.2.5.6.4. By End-Use Industry
9.2.5.7. Nigeria
9.2.5.7.1. By Type
9.2.5.7.2. By Material
9.2.5.7.3. By Module
9.2.5.7.4. By End-Use Industry
9.2.5.8. Kenya
9.2.5.8.1. By Type
9.2.5.8.2. By Material
9.2.5.8.3. By Module
9.2.5.8.4. By End-Use Industry
9.2.5.9. Egypt
9.2.5.9.1. By Type
9.2.5.9.2. By Material
9.2.5.9.3. By Module
9.2.5.9.4. By End-Use Industry
9.2.5.10. Morocco
9.2.5.10.1. By Type
9.2.5.10.2. By Material
9.2.5.10.3. By Module
9.2.5.10.4. By End-Use Industry
9.2.5.11. Algeria
9.2.5.11.1. By Type
9.2.5.11.2. By Material
9.2.5.11.3. By Module
9.2.5.11.4. By End-Use Industry
9.2.5.12. Rest of MEA
9.2.5.12.1. By Type
9.2.5.12.2. By Material
9.2.5.12.3. By Module
9.2.5.12.4. By End-Use Industry
10. Competitive Landscape
10.1. List of Key Players and Their Offerings
10.2. Global Modular Construction Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
11. Impact of Covid-19 on Global Modular Construction Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
12.1. Laing O’Rourke
12.2. Red Sea Housing
12.3. ATCO Ltd.
12.4. Skanska AB
12.5. Kluesberg GmbH & Co. Kg
12.6. Katerra
12.7. Anderco Pte. Ltd.
12.8. Gaint Containers Inc.
12.9. Honomobo Corporation
12.10. Lendlease Corporation
12.11. Dubox
12.12. Vinci S.A
12.13. Turner Industries
12.14. Koma Modular
12.15. DMD Modular
12.16. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

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