Modular Construction Market Outlook: Size, Share, Growth, Key Drivers, Segmentation, Regional & Recent Trends

The Modular Construction Market has been expanding significantly in recent years, driven by various key factors. This report provides a comprehensive analysis of the market, including market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.
Market Size & Growth:
The Modular Construction Market size reached a valuation of USD 89.44 billion in 2024.
The Modular Construction Market growth is projected to reach a valuation of USD 151.53 billion by 2032.
The Modular Construction Market share is expected to register a compound annual growth rate (CAGR) of 6.9% from 2024 to 2032.
Recent Key Trends:
SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.
Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.
Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group's modular construction business.
Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company's multifamily portfolio.
Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.
This Report includes a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Modular Construction markets. Leading global Modular Construction market players and manufacturers are studied to give a brief idea about the competitions.
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Key Players:
Guerdon Modular Buildings (U.S.)
Laing O'Rourke (U.K.)
ATCO (Canada)
Red Sea International Company (Saudi Arabia)
Bouygues Construction (France)
VINCI Construction Grands Projets (U.K.)
Skanska AB (Sweden)
Algeco (U.K.)
KLEUSBERG GmbH & Co. KG (Germany)
Katerra (U.S.)
Lendlease Corporation (Australia)
Regional Trends:
North America: U.S., Canada, Mexico
Europe: Germany, U.K., France, Italy, Spain, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, Rest of MEA
Highlights of Our Report
Our report offers extensive market analysis, providing a deep dive into manufacturing capabilities, production volumes, and technological innovations within the Modular Construction Market. It includes detailed corporate insights with in-depth reviews of company profiles, highlighting major players and their strategic moves in this competitive landscape. The report also examines consumption trends to shed light on current demand dynamics and consumer preferences. Comprehensive segmentation details illustrate the market’s distribution across various end-user segments, applications, and industries. In addition, there is a thorough pricing evaluation that explores pricing structures and the key factors influencing market strategies. Finally, the report presents a forward-looking outlook, offering predictive insights into emerging trends, growth opportunities, and potential challenges that may shape the market’s future.
Market Segmentation:
By Type
Permanent Modular Construction (PMC)
Relocatable Modular Construction
By Material
Concrete
Steel
Wood
By Application
Commercial
Healthcare
Education & Institutional
Hospitality
Others (Residential)
Key Drivers/ Restrains:
Drivers:
Growing demand for faster construction timelines and reduced labor costs in the building industry.
Increased focus on sustainability and energy efficiency, with modular construction offering eco-friendly solutions.
Restraints:
Challenges related to financing and investment in modular construction projects compared to traditional methods.
Regulatory hurdles and building codes that may not fully accommodate modular designs and processes.
In Summary:
The modular construction market is expanding due to growing demand for sustainable, cost-effective, and rapid building solutions. AI-powered design optimization, prefabrication technologies, and 3D printing innovations are driving market growth. As urbanization accelerates, modular construction is emerging as a key solution for efficient infrastructure development.
About Us:
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