Modular Construction

Global Modular Construction Market to Reach US$144.8 Billion by 2030

The global market for Modular Construction estimated at US$110.6 Billion in the year 2024, is expected to reach US$144.8 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Permanent, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$90.0 Billion by the end of the analysis period. Growth in the Relocatable segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$29.1 Billion While China is Forecast to Grow at 7.0% CAGR

The Modular Construction market in the U.S. is estimated at US$29.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$31.6 Billion by the year 2030 trailing a CAGR of 7.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Modular Construction Market - Key Trends & Drivers Summarized

What Defines Modular Construction and Its Place in Today`s Building Industry?

Modular construction refers to a process in which buildings are constructed off-site under controlled plant conditions, using the same materials and designing to the same codes and standards as conventionally built facilities — but in about half the time. Buildings are produced in "modules" that when put together on site, reflect the identical design intent and specifications of the most sophisticated site-built facility — without compromise. This method significantly reduces construction time, minimizes waste, and potentially lowers the overall cost of building projects. The efficiency of this construction approach is enhancing its popularity in sectors such as healthcare, education, housing, and commercial buildings, where speed, cost, and consistency are critical.

How Is Technology Influencing Modern Modular Construction?

Technological advancements are heavily influencing the modular construction industry. The integration of Building Information Modeling (BIM) techniques has revolutionized the planning and management of modular construction projects. BIM provides a digital representation of the physical and functional characteristics of a facility, allowing for better project management and coordination among all stakeholders involved. Additionally, the use of advanced manufacturing techniques and automation in the production of modular units ensures precision, reduces labor costs, and speeds up the construction process. These technological enhancements not only improve the build quality but also extend the possibilities for customization and scalability in modular construction projects.

Why Are More Industries Embracing Modular Construction?

The shift towards modular construction is being driven by its numerous advantages over traditional construction methods. These include shorter construction times, reduced environmental impact, and the ability to mitigate the common risks associated with construction sites. Industries facing rapid growth or needing quick expansion, such as healthcare, education, and housing, find modular construction particularly beneficial. For example, hospitals can expand their facilities with minimal disruption to existing operations, and educational institutions can quickly add classrooms or labs in response to changing student populations. The predictability and speed of installation make modular construction a practical solution for businesses and government entities needing to respond swiftly to societal needs.

What Drives the Growth in the Modular Construction Market?

The growth in the modular construction market is driven by several factors, including technological advancements in construction processes, increased demand for cost-effective and efficient building methods, and growing environmental concerns that call for sustainable building practices. The rise of urbanization and the continuous expansion of the industrial sector worldwide also contribute to the increased adoption of modular construction. Consumer behavior has shifted towards more sustainable and quicker construction solutions, particularly in urban areas where time and space are at a premium. Furthermore, regulatory bodies are increasingly recognizing the benefits of modular construction, leading to more favorable policies and building standards that support the adoption of modular techniques. This regulatory support, combined with the economic and environmental benefits, continues to propel the market forward.

SCOPE OF STUDY:

The report analyzes the Modular Construction market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Permanent, Relocatable); End-Use (Residential, Retail & Commercial, Education, Healthcare, Corporate, Hospitality, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 37 Featured) -

• Algeco Scotsman, Inc.
• Alta-Fab Structures Ltd.
• Art's Way Manufacturing Co., Inc.
• ATCO Ltd.
• Bouygues Construction
• CIMC Modular Building Systems Holdings Co. Ltd.
• Clayton Building Solutions
• DuBox
• Fleetwood Australia
• Guerdon Enterprises LLC
• Hickory Group
• Horizon North Logistics Inc.
• J.D. Irving
• KEF Kattera
• KLEUSBERG GmbH & Co. KG
• KOMA Modular s.r.o.
• Kwikspace Modular Buildings
• Laing O'rourke
• Lendlease Corporation Limited
• Modular Space Corporation
• Nrb Inc.
• Red Sea Housing Services
• Skanska AB
• Vinci
• Wernick Group (Holdings) Ltd.
• Westchester Modular Homes Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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