Global Modular Building Market Growth (Status and Outlook) 2023-2029

Global Modular Building Market Growth (Status and Outlook) 2023-2029

The Modular Building industry can be broken down into several segments, Commercial Building, Industrial Building, etc.Modular buildings and modular homes are prefabricated buildings or houses that consist of repeated sections called modules. "Modular" is a construction method that involves constructing sections away from the building site, then delivering them to the intended site. Installation of the prefabricated sections is completed on site. Prefabricated sections are sometimes placed using a crane. The modules can be placed side-by-side, end-to-end, or stacked, allowing a variety of configurations and styles.
LPI (LP Information)' newest research report, the “Modular Building Industry Forecast” looks at past sales and reviews total world Modular Building sales in 2022, providing a comprehensive analysis by region and market sector of projected Modular Building sales for 2023 through 2029. With Modular Building sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Modular Building industry.
This Insight Report provides a comprehensive analysis of the global Modular Building landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Modular Building portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Modular Building market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Modular Building and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Modular Building.
The global Modular Building market size is projected to grow from US$ 112520 million in 2022 to US$ 160310 million in 2029; it is expected to grow at a CAGR of 5.2% from 2023 to 2029.
Modular buildings have many advantages over traditional buildings. First of all, the production of modular building units is completed in the factory, during which it will not be affected by the weather, and the probability of worker injuries is greatly reduced. Second, the life cycle cost of modular buildings is low. Finally, the modular building has a high degree of flexibility, and it can be flexibly modified even if customer needs change.
Modular buildings are widely used in homes, businesses and industries. Among them, the most widely used in the residential field, accounting for 62% of the total market. Followed by Commercial and industries, accounting for 31% and 5.9% of the total market, respectively.
The market for modular buildings is mainly concentrated in North America and Europe, accounting for 43% and 29.% of the total market in 2019, followed by Asia Pacific. Due to China's consumption habits, the consumption of modular buildings is relatively small, but China is a very promising market. In the future, where the advantages of modular buildings are increasingly prominent, the market share will be further increased.
This report presents a comprehensive overview, market shares, and growth opportunities of Modular Building market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Stationary Tiny House
Mobile Tiny House
Segmentation by application
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ALHO Systembau GmbH
Atco
Skyline Champion Corporation
Horizon North Logistics
Cavco Industries, Inc
Clayton Homes
Daiwa House
Portakabin
Seikisui House
Vinci
Red Sea Housing
Fleetwood Australia
Kleusberg
Laing O’rourke

Please note: The report will take approximately 2 business days to prepare and deliver.