Modular Construction Market 2025-2029
The modular construction market is forecasted to grow by USD 49.3 billion during 2024-2029, accelerating at a CAGR of 8.5% during the forecast period. The report on the modular construction market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand to eliminate on-site construction, rising global construction and infrastructure development activities, and improving quality and energy efficiency of modular constructions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's modular construction market is segmented as below:
By Application
By Type
By Material
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing awareness of custom-built facilities with minimum budgets as one of the prime reasons driving the modular construction market growth during the next few years. Also, increasing concern toward depleting natural resources and increasing focus on sustainable materials in modular construction will lead to sizable demand in the market.
The report on the modular construction market covers the following areas:
- Modular Construction Market sizing
- Modular Construction Market forecast
- Modular Construction Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modular construction market vendors that include Amana Contracting and Steel Buildings LLC, ATCO Ltd., Bechtel Corp., BOUYGUES, ELEMENTS Europe, Fluor Corp., GUERDON LLC, Kleusberg Holding GmbH and Co. KG, KOMA MODULAR s.R.o., Kwikspace Pty Ltd., Laing O Rourke, Lendlease Corp. Ltd., McGrath RentCorp, Inc., Modulaire Group, PREMIER MODULAR, Red Sea International Co., Skanska AB, STARRCO, Wernick Group, and Westchester Modular Homes. Also, the modular construction market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.