Modular Construction Market Size, Share & Trends Report

Modular Construction Market Size, Share & Trends Analysis Report By Product (Relocatable, Permanent), By Material (Wood, Steel, Concrete, Others), By Application, By Region, And By Segment Forecasts, 2023 - 2030

Report ID: GVR-3-68038-561-8
Number of Pages: 109
Format: Electronic (PDF)

Historical Range: 2018 - 2021
Industry: Advanced Materials

Market Segmentation

Modular Construction Product Outlook (Revenue, USD Million, 2018 - 2030)
- Relocatable
- Permanent
Modular Construction Material Outlook (Revenue, USD Million, 2018 - 2030)
- Wood
- Steel
- Concrete
- Others
Modular Construction Application Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Industrial
- Healthcare
- Educational
Modular Construction Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Modular Construction Market, By Product
    - Relocatable
    - Permanent
  - North America Modular Construction Market, By Material
    - Wood
    - Steel
    - Concrete
    - Others
  - North America Modular Construction Market, By Application
    - Residential
    - Commercial
    - Industrial
    - Healthcare
    - Educational
  - U.S.
    - U.S. Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - U.S. Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - U.S. Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Canada
    - Canada Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Canada Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Canada Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Mexico
    - Mexico Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Mexico Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Mexico Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
- Europe
  - Europe Modular Construction Market, By Product
    - Relocatable
    - Permanent
  - Europe Modular Construction Market, By Material
    - Wood
    - Steel
    - Concrete
    - Others
  - Europe Modular Construction Market, By Application
    - Residential
    - Commercial
    - Industrial
    - Healthcare
    - Educational
  - U.K.
    - U.K. Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - U.K. Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - U.K. Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Germany
    - Mexico Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Mexico Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Mexico Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Sweden
    - Sweden Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Sweden Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Sweden Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
- Asia Pacific
  - Asia Pacific Modular Construction Market, By Product
    - Relocatable
    - Permanent
  - Asia Pacific Modular Construction Market, By Material
    - Wood
    - Steel
    - Concrete
    - Others
  - Asia Pacific Modular Construction Market, By Application
    - Residential
    - Commercial
    - Industrial
    - Healthcare
    - Educational
  - China
    - China Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - China Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - China Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - India
    - India Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - India Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - India Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Japan
    - Japan Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Japan Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Japan Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Singapore
    - Singapore Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Singapore Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Singapore Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - Australia
    - Australia Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Australia Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Australia Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
- Central & South America
  - Central & South America Modular Construction Market, By Product
    - Relocatable
    - Permanent
  - Central & South America Modular Construction Market, By Material
    - Wood
    - Steel
    - Concrete
    - Others
  - Central & South America Modular Construction Market, By Application
    - Residential
    - Commercial
    - Industrial
    - Healthcare
    - Educational
  - Brazil
    - Brazil Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Brazil Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Brazil Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
- Middle East & Africa
  - Middle East & Africa Modular Construction Market, By Product
    - Relocatable
    - Permanent
  - Middle East & Africa Modular Construction Market, By Material
    - Wood
    - Steel
    - Concrete
    - Others
  - Middle East & Africa Modular Construction Market, By Application
    - Residential
    - Commercial
    - Industrial
    - Healthcare
    - Educational
  - Saudi Arabia
    - Saudi Arabia Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - Saudi Arabia Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - Saudi Arabia Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational
  - UAE
    - UAE Modular Construction Market, By Product
      - Relocatable
      - Permanent
    - UAE Modular Construction Market, By Material
      - Wood
      - Steel
      - Concrete
      - Others
    - UAE Modular Construction Market, By Application
      - Residential
      - Commercial
      - Industrial
      - Healthcare
      - Educational

Modular Construction Market Dynamics

Driver: Growth Of Off-Site Construction

Construction industry is witnessing rapid changes with the introduction of new technologies and materials. Off-site construction includes the entire process of building erection at a remote location, which includes various stages such as planning, designing, fabrication, transportation, and assembling the building elements on the site for rapid construction. Off-site construction offers high efficiency in terms of cost and time. Moreover, it results in reduced labor costs and material wastage. Off-site construction also increases workers' safety from site-based accidents. It also addresses the issue of labor shortage by adopting off-site production methods such as modular buildings, prefabrication, and pre-engineered buildings. These structures offer substantial advantages over traditional steel buildings. Off-site construction often operates simultaneously with on-site construction and foundation work, resulting in 20% to 50% faster completion of project. Off-site construction is not affected by weather conditions as they are manufactured within closed factories using advanced machinery. Expanding off-site construction globally is expected to boost the growth of the modular construction market over the forecast period.

Driver: Growing Construction Industry In Asia Pacific

Rapid urbanization and industrialization are expected to increase the number of new projects, primarily in commercial and industrial construction sectors. This is likely to fuel the growth of construction industry across the globe. Increasing technological advancements in construction industry coupled with the advantages provided by modular construction such as reduced construction schedule, reduced cost, greater flexibility, reuse, and less material waste are contributing to the product demand in the market. The growing construction industry in Asia Pacific is expected to boost the modular construction market growth as manufacturers are focusing on adopting advanced technologies in construction industry, such as modular construction, due to its various benefits. Rapid urbanization, rising population, and strong economic growth in the Philippines and Malaysia are expected to provide lucrative growth opportunities for construction industry in Asia Pacific.

Restraint: Industry Challenges

A major obstacle to the adoption of modular construction is its uniqueness and novelty. Modular construction is a completely different approach to conventional methods, which may discourage firms from engaging in it. Industry specialists are more expected to be more conventional than attempt something intimidating and unfamiliar. As a result of this hesitance over trying novel things, there are only a few firms with experience in modular construction. Modular projects reduce around 20% of the overall cost but at the same time, the upfront cost of materials is higher than the cost of traditional construction materials. Modular construction relies on faster purchase and shorter completion time, which includes higher expenses. Modular construction may involve a high level of automation that improves productivity but comes with a higher upfront cost. The high initial expense can challenge the growth of the market over the forecast period.

What Does This Report Include?

This section will provide insights into the contents included in this modular construction market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Modular construction market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Modular construction market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

Or view our licence options:

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

ESOMAR certified & member

ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.