India Modular Construction Market Size & Outlook

The modular construction market in India is expected to reach a projected revenue of US$ 8,324.7 million by 2033. A compound annual growth rate of 9.9% is expected of India modular construction market from 2026 to 2033.
Revenue, 2025 (US$M)
$3,924.0
Forecast, 2033 (US$M)
$8,324.7
CAGR, 2026 - 2033
9.9%
Report Coverage
India

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India modular construction market, 2021-2033 (US$M)

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India modular construction market highlights

  • The India modular construction market generated a revenue of USD 3,924.0 million in 2025 and is expected to reach USD 8,324.7 million by 2033.
  • The India market is expected to grow at a CAGR of 9.9% from 2026 to 2033.
  • In terms of segment, permanent was the largest revenue generating type in 2025.
  • Permanent is the most lucrative type segment registering the fastest growth during the forecast period.


Modular construction market data book summary

Market revenue in 2025USD 3,924.0 million
Market revenue in 2033USD 8,324.7 million
Growth rate9.9% (CAGR from 2026 to 2033)
Largest segmentPermanent
Fastest growing segmentPermanent
Historical data2021 - 2024
Base year2025
Forecast period2026 - 2033
Quantitative unitsRevenue in USD million
Market segmentationRelocatable, Permanent
Key market players worldwideSekisui House Ltd, Bouygues, Skanska AB ADR, Lendlease Group, Laing O'Rourke, Red Sea International, Premier Modular, KLEUSBERG, Dubox, CIMC Modular Building Systems, Modulaire Group, Guerdon Modular Buildings, Hickory Group International


Other key industry trends

  • In terms of revenue, India accounted for 3.5% of the global modular construction market in 2025.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2033.
  • In Asia Pacific, China modular construction market is projected to lead the regional market in terms of revenue in 2033.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 38,191.0 million by 2033.

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Modular Construction Market Companies

Name Profile # Employees HQ Website
Hickory Group International View profile 1001-5000 Richmond, Virginia, United States, North America https://www.hickory.com.au/
Guerdon Modular Buildings View profile 51-100 Boise, Idaho, United States, North America http://www.guerdonmodularbuildings.com
Modulaire Group View profile 5001-10000 London, England, United Kingdom, Europe https://www.modulairegroup.com/
CIMC Modular Building Systems View profile 251-500 Jiangmen, Guangdong, China, Asia http://cimc-mbs.com
Dubox View profile 11-50 Dubai, Dubai, United Arab Emirates, Asia https://www.dubox-trading.com/
KLEUSBERG View profile 51-100 Wissen, Rheinland-Pfalz, Germany, Europe https://www.kleusberg.de/
Premier Modular View profile 251-500 Brandesburton, East Riding of Yorkshire, United Kingdom, Europe https://www.premiermodular.co.uk/
Red Sea International View profile - Jeddah, Makkah, Saudi Arabia, Asia https://redseaintl.com
Laing O'Rourke View profile 10001+ Dartford, Kent, United Kingdom, Europe http://www.laingorourke.com/
Lendlease Group View profile 10825 Level 14, Tower Three, 300 Barangaroo Avenue, International Towers Sydney, Exchange Place, Barangaroo, Sydney, NSW, Australia, 2000 https://www.lendlease.com
Skanska AB ADR View profile 26126 Warfvinges vag 25, Stockholm, Sweden, 112 74 https://www.group.skanska.com
Sekisui House Ltd View profile 29932 Tower East Umeda Sky Building, 1-88 Oyodonaka 1-chome, Kita-ku, Osaka, Japan, 531-0076 https://www.sekisuihouse.co.jp
Bouygues View profile 147446 32 avenue Hoche, Paris, France, 75008 https://www.bouygues.com

India modular construction market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to modular construction market will help companies and investors design strategic landscapes.


Permanent was the largest segment with a revenue share of 85.2% in 2025. Horizon Databook has segmented the India modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2021 to 2033.


In Asia-Pacific, India is the second-largest construction sector in terms of turnover and employment. Although the Indian economy is currently in a deep slump, high times are expected to return as a result of the growing population.

However, construction industry has not been able to keep pace with the rapidly growing housing needs in the country. A quality, affordable home is still a proverbial and unattainable dream for majority of the population in India.

To tackle this, the Indian Urban Ministry has proposed several initiatives such as Housing for All by 2022, Affordable Housing, and Smart Cities, all of which would require the construction of over 30 million houses.

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Target buyers of India modular construction market databook

  • Our clientele includes a mix of modular construction market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India modular construction market , including forecasts for subscribers. This country databook contains high-level insights into India modular construction market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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India modular construction market size, by type, 2021-2033 (US$M)

India Modular Construction Market Outlook Share, 2025 & 2033 (US$M)

India modular construction market size, by type, 2021-2033 (US$M)

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