Open Modular Building Market size was valued at USD XX Billion in 2024 and is forecasted to grow at a CAGR of ZZ% from 2026 to 2033, reaching USD YY Billion by 2033.
The global Open Modular Building Market was valued at approximately USD 73.1 billion in 2023 and is projected to reach USD 122.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period. In 2023, North America led the market, contributing about 40% of the total revenue, followed by the Asia Pacific region with 30%, Europe at 20%, and Latin America and the Middle East & Africa each contributing around 5%. The Asia Pacific region is anticipated to experience the fastest growth, driven by rapid urbanization and infrastructure development.
Within the market segments, the Permanent Modular Buildings sub segment held the largest share in 2023, accounting for approximately 70% of the market, while Relocatable Modular Buildings accounted for 30%. The Commercial application segment dominated the market, representing roughly 50% of the total revenue, encompassing offices, retail spaces, and hospitality developments. Among commercial applications, modular offices are projected to grow significantly due to the increasing demand for flexible office spaces in urban areas. The Institutional application segment accounted for 30% of the market, with healthcare facilities and educational institutions being the primary contributors. Notably, the fastest growing institutional sub segment is healthcare facilities, as the demand for modular healthcare solutions rises, particularly in regions with expanding healthcare infrastructure needs.
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Laing O’rourke
Red Sea Housing
Atco
Bouygues Construction
Vinci Construction
Skanska
Algeco Scotsman
Kleusberg
Katerra
Lendlease
CIMC Modular Building Systems
WillScot
Dubox
Kwikspace Modular Buildings
Guerdon Modular Buildings
Alta-Fab Structures
Westchester Modular Homes
Wernick Group
Fleetwood Australia
NRB Inc
KOMA Modular
Hickory Group
Clayton Homes
J.D. Irving
Horizon North Logistics
Art’s Way Manufacturing
Urban Splash
Sekisui House
Riko Group
Premier Modular
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Open Modular Building Market
Modular Buildings
Pre-fabricated Panels
Container-Based Structures
Hybrid Modular Buildings
Residential Units
Commercial Spaces
Institutional Buildings
Industrial Facilities
Steel
Wood
Concrete
Composites
Single-Story Modular
Multi-Story Modular
Expandable Modular
Permanent Installations
Temporary Installations
Mobile Installations
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Open Modular Building Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Open Modular Building Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Open Modular Building Market, By Type
6. Global Open Modular Building Market, By Application
7. Global Open Modular Building Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Open Modular Building Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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