Modular Construction Market Trends
In 2023, the Modular Construction Market Share is reached USD 84.63 billion, and global Modular Construction Market size is projected to reach USD 151.48 billion by 2032. The Modular Construction growth sahre is projected to reach Compound annual growth rate 6.8% between 2023-2032.
The growing demand for cost-effective, sustainable, and time-efficient building solutions has accelerated the modular construction market. Prefabricated building components reduce construction time, minimize material waste, and enhance energy efficiency. Innovations in 3D printing, automation, and eco-friendly materials further drive adoption across residential, commercial, and industrial sectors.
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The Modular Construction Market Report provides stakeholders with a comprehensive range of benefits, including in-depth quantitative analysis of market segments, trends, forecasts, and dynamics from 2025 to 2032. It offers valuable insights into key drivers, restraints, and opportunities, supported by Porter's Five Forces analysis for strategic decision-making. The report’s segmentation analysis highlights market opportunities, while revenue mapping across major countries by region delivers a detailed financial outlook. Additionally, it features benchmarking and competitive positioning of market players, along with an assessment of regional and global trends, key industry participants, and growth strategies.
Top companies of Modular Construction
Guerdon Modular Buildings (U.S.)
Laing O'Rourke (U.K.)
ATCO (Canada)
Red Sea International Company (Saudi Arabia)
Bouygues Construction (France)
VINCI Construction Grands Projets (U.K.)
Skanska AB (Sweden)
Algeco (U.K.)
KLEUSBERG GmbH & Co. KG (Germany)
Katerra (U.S.)
Lendlease Corporation (Australia)
Modular Construction Market Research Objectives
Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
To analysis the with respect to individual future prospects, growth trends and their involvement to the total market.
To analysis reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
To deliberately profile the key players and systematically examine their growth strategies.
Modular Construction Market Drivers & Restrins
Drivers:
Growing demand for faster construction timelines and reduced labor costs in the building industry.
Increased focus on sustainability and energy efficiency, with modular construction offering eco-friendly solutions.
Restraints:
Challenges related to financing and investment in modular construction projects compared to traditional methods.
Regulatory hurdles and building codes that may not fully accommodate modular designs and processes.
Recent Industry Developments
SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.
Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.
Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group's modular construction business.
Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company's multifamily portfolio.
Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.
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Research Methodology
Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter’s Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.
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