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Global Modular Construction Market Size study & Forecast, by Product (Relocatable, Permanent) by Material (Wood, Steel, Concrete, Others) by Application (Residential, Commercial, Industrial, Healthcare, Educational) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: G45D58C5B768EN
Bizwit Research & Consulting LLP

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Global Modular Construction Market is valued at approximately USD 90.79 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2023-2030. Modular construction, also known as off-site construction or prefabrication, is a construction method that involves building individual components or modules of a structure in a factory or off-site location. These modules are then transported to the construction site and assembled to create the final building. The Modular Construction market is expanding because of factors such as increasing construction investments, evolving government initiatives to reduce construction waste, and the rising development of green building projects.

Rising spending on the construction industry across the world is fostering market growth. According to Statista, in the year 2019 Construction industry spending worldwide stood at USD 12 trillion which increased to USD 12.9 trillion in the year 2021 and it is projected to reach USD 19.2 trillion by the year 2030. Modular construction allows for meticulous design and engineering of building components in a controlled factory environment. This precision enables the incorporation of energy-efficient features, such as advanced insulation, high-performance windows, and efficient HVAC (heating, ventilation, and air conditioning) systems. These design considerations contribute to reducing energy consumption and lowering carbon emissions. Furthermore, according to Statista, Annual investment in energy-efficient buildings worldwide in year 2019 stood at USD 164 billion which increased to USD 215 billion in the year 2022 and it is projected to reach USD 536 billion by the year 2050. In addition, rising technological advancements and rapid urbanization and industrialization are some factors creating new opportunities for market growth. However, volatile steel prices stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Modular Construction Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to factors such as Urbanization and Population Growth, rising investment in construction industries, rising number of governments projects for the construction industry, rising green building projects, and rising spending on the number of renovation projects. Whereas, Europe is projected to have the fastest growth owing to factors such as rising investment in various construction projects, rising government focus on clean energy and green building, and increasing investment in the industry.

Major market player included in this report are:

CS Group

ATCO Ltd

Bechtel Corporation

Fluor Corporation

Guerdon, LLC

JL Construction

Julius Berger Nigeria PLC

Kiewit Corporation

Larsen & Toubro Limited

System House R & C Co. Ltd

Recent Developments in the Market:
  • In August 2021, ATCO Structures joined forces with SG Blocks Inc., a designer and manufacturer of contemporary modular blocks. Both businesses contribute to the national modular fleet rollout in the US through this relationship.
  • In January 2021, Etex Group announced that it intends to purchase the majority of e-Loft. This French off-site construction company offers modular single-family homes, modular multifamily residential buildings, and custom-designed structures made with 3D wood technology. This acquisition is expected to enhance the modular building sector of Etex Group.
Global Modular Construction Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Product, Material, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Relocatable

Permanent

By Material:

Wood

Steel

Concrete

Others

By Application:

Residential

Commercial

Industrial

Healthcare

Educational

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Modular Construction Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Modular Construction Market, by Product, 2020-2030 (USD Billion)
  1.2.3. Modular Construction Market, by Material, 2020-2030 (USD Billion)
  1.2.4. Modular Construction Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MODULAR CONSTRUCTION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MODULAR CONSTRUCTION MARKET DYNAMICS

3.1. Modular Construction Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing construction investments
    3.1.1.2. Evolving government initiatives to reduce construction waste
    3.1.1.3. Rising development of green buildings projects
  3.1.2. Market Challenges
    3.1.2.1. Volatile steel prices
  3.1.3. Market Opportunities
    3.1.3.1. Rising technological advancements
    3.1.3.2. Rapid Urbanization and Industrialization

CHAPTER 4. GLOBAL MODULAR CONSTRUCTION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MODULAR CONSTRUCTION MARKET, BY PRODUCT

5.1. Market Snapshot
5.2. Global Modular Construction Market by Product, Performance - Potential Analysis
5.3. Global Modular Construction Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Modular Construction Market, Sub Segment Analysis
  5.4.1. Relocatable
  5.4.2. Permanent

CHAPTER 6. GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL

6.1. Market Snapshot
6.2. Global Modular Construction Market by Material, Performance - Potential Analysis
6.3. Global Modular Construction Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
6.4. Modular Construction Market, Sub Segment Analysis
  6.4.1. Wood
  6.4.2. Steel
  6.4.3. Concrete
  6.4.4. Others

CHAPTER 7. GLOBAL MODULAR CONSTRUCTION MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Modular Construction Market by Application, Performance - Potential Analysis
7.3. Global Modular Construction Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Modular Construction Market, Sub Segment Analysis
  7.4.1. Residential
  7.4.2. Commercial
  7.4.3. Industrial
  7.4.4. Healthcare
  7.4.5. Educational

CHAPTER 8. GLOBAL MODULAR CONSTRUCTION MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Modular Construction Market, Regional Market Snapshot
8.4. North America Modular Construction Market
  8.4.1. U.S. Modular Construction Market
    8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Material breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Modular Construction Market
8.5. Europe Modular Construction Market Snapshot
  8.5.1. U.K. Modular Construction Market
  8.5.2. Germany Modular Construction Market
  8.5.3. France Modular Construction Market
  8.5.4. Spain Modular Construction Market
  8.5.5. Italy Modular Construction Market
  8.5.6. Rest of Europe Modular Construction Market
8.6. Asia-Pacific Modular Construction Market Snapshot
  8.6.1. China Modular Construction Market
  8.6.2. India Modular Construction Market
  8.6.3. Japan Modular Construction Market
  8.6.4. Australia Modular Construction Market
  8.6.5. South Korea Modular Construction Market
  8.6.6. Rest of Asia Pacific Modular Construction Market
8.7. Latin America Modular Construction Market Snapshot
  8.7.1. Brazil Modular Construction Market
  8.7.2. Mexico Modular Construction Market
8.8. Middle East & Africa Modular Construction Market
  8.8.1. Saudi Arabia Modular Construction Market
  8.8.2. South Africa Modular Construction Market
  8.8.3. Rest of Middle East & Africa Modular Construction Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. CS Group
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. ATCO Ltd
  9.3.3. Bechtel Corporation
  9.3.4. Fluor Corporation
  9.3.5. Guerdon, LLC
  9.3.6. JL Construction
  9.3.7. Julius Berger Nigeria PLC
  9.3.8. Kiewit Corporation
  9.3.9. Larsen & Toubro Limited
  9.3.10. System House R & C Co. Ltd

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Modular Construction Market, report scope
TABLE 2. Global Modular Construction Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Modular Construction Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Modular Construction Market estimates & forecasts by Material 2020-2030 (USD Billion)
TABLE 5. Global Modular Construction Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Modular Construction Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Modular Construction Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Modular Construction Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Modular Construction Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Modular Construction Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Modular Construction Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Modular Construction Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Modular Construction Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Modular Construction Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Modular Construction Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Modular Construction Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Modular Construction Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Modular Construction Market
TABLE 71. List of primary sources, used in the study of global Modular Construction Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Modular Construction Market, research methodology
FIG 2. Global Modular Construction Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Modular Construction Market, key trends 2022
FIG 5. Global Modular Construction Market, growth prospects 2023-2030
FIG 6. Global Modular Construction Market, porters 5 force model
FIG 7. Global Modular Construction Market, pest analysis
FIG 8. Global Modular Construction Market, value chain analysis
FIG 9. Global Modular Construction Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Modular Construction Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Modular Construction Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Modular Construction Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Modular Construction Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Modular Construction Market, regional snapshot 2020 & 2030
FIG 15. North America Modular Construction Market 2020 & 2030 (USD Billion)
FIG 16. Europe Modular Construction Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Modular Construction Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Modular Construction Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Modular Construction Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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