South Korea Portable Modular Buildings Market was valued at USD 3 Billion in 2022 and is projected to reach USD 5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
South Korea's portable modular buildings market has experienced significant growth, driven by the need for rapid, cost-effective, and sustainable construction solutions across various industries. Modular construction involves manufacturing standardized building components off-site in controlled factory environments, which are then transported and assembled on-site. This method offers numerous advantages, including reduced construction time, minimized waste, and enhanced quality control.
One notable example of modular construction in South Korea is the Media Residence Hotel built for the 2018 PyeongChang Winter Olympics. This 110,000-square-foot facility was entirely constructed off-site using modular techniques and completed in just 184 days. Each room was designed as a relocatable unit, allowing for future reuse as hotels or dormitories. This project showcased the efficiency and sustainability of modular construction methods.
Several leading South Korean construction companies have recognized the potential of modular construction and are actively investing in this sector. For instance, POSCO A&C has developed the "MUTO" modular system, which utilizes high-quality steel materials to create durable and eco-friendly structures. This system allows for up to 80% reuse of building components when dismantled and reconstructed, significantly reducing waste and promoting sustainability.
Similarly, GS E&C acquired the Polish prefabricated timber-frame house builder Danwood in 2020 and established XiGeist, a subsidiary specializing in prefabricated houses. These strategic moves aim to capitalize on the growing demand for modular construction both domestically and internationally. GS E&C's participation in events like the IFA 2023 in Berlin, where they showcased a prefabricated home called Smart Cottage in collaboration with LG Electronics, highlights their commitment to innovation in this field.
The South Korean government has also recognized the benefits of modular construction. In November 2022, the Ministry of Land, Infrastructure, and Transport initiated the "Modular Housing Policy Consultative Body," comprising representatives from industry, academia, research organizations, and the government. This initiative aims to promote modular housing and stimulate industry growth, addressing challenges such as housing shortages and the need for sustainable building practices.
Industries such as retail, hospitality, and public infrastructure have embraced modular construction due to its flexibility and efficiency. For example, Common Ground in Seoul is a dynamic mall made out of 200 blue stacked prefabricated container modules. The 57,048-square-foot building, constructed in just five months, houses various retail stores and food-and-beverage outlets, attracting lively crowds. This project demonstrates how modular construction can create vibrant commercial spaces in a short timeframe.
In the public infrastructure sector, projects like the National Theatre Company of Korea's extension utilized bold, red-colored shipping containers to create a 39-foot-long social zone for theatergoers. This modular approach allowed for flexible use of interior spaces and showcased the adaptability of modular construction in cultural settings.
As South Korea continues to innovate in construction methods, the portable modular buildings market is poised for further expansion. The adoption of modular construction across various industries not only addresses the need for rapid and cost-effective building solutions but also aligns with global sustainability goals by reducing waste and promoting the reuse of materials.
Get an In-Depth Research Analysis of the South Korea Portable Modular Buildings Market Size And Forecast [2025-2032]
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Clayton Homes
Inc.
Abtech
Inc.
Par-Kut International Inc.
Panel Built
Inc.
Porta-King Building Systems
Satellite Shelters
Inc.
United Partition Systems
Inc.
Palomar Modular Buildings
Skyline Champion Corporation
Cavco Industries
Inc.
Gichner Systems Group
Madison Industries
Inc.
Aries Building Systems
Dynamic Modular Constructions
SpringField Mobile Ltd
VESTA Modular
Starrco
Triumph Modular
GCS Cabins
PF Modular
Blazer Industries
Guardian Booth
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Portable Modular Buildings Market
Portable Buildings
Modular Buildings
Office Buildings
Residential Buildings
Healthcare Buildings
Educational Buildings
Retail Buildings
Industrial Buildings
Steel
Wood
Concrete
Other Materials
Construction Industry
Healthcare Industry
Education Sector
Retail Sector
Government & Military
Other End-Users
Permanent Installation
Temporary Installation
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Portable Modular Buildings 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. South Korea Portable Modular Buildings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Portable Modular Buildings Market, By Type
6. South Korea Portable Modular Buildings Market, By Application
7. South Korea Portable Modular Buildings Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Portable Modular Buildings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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