Permanent Modular Building Market was valued at USD 112.6 Billion in 2022 and is projected to reach USD 177.5 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The Permanent Modular Building (PMB) market has demonstrated substantial growth, with the market size reaching approximately USD 112.3 billion in 2022. The sector is projected to expand at a robust compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. This growth is attributed to increasing urbanization, a growing preference for sustainable construction practices, and advancements in modular building technology. The market's expansion is also fueled by the rising demand for quick construction solutions across various sectors, including residential, commercial, and industrial buildings. As modular construction methods offer significant time and cost savings compared to traditional building techniques, they are gaining traction in both developed and emerging economies.Emerging market opportunities are abundant in regions such as Asia-Pacific and Latin America, where rapid urbanization and infrastructure development drive demand for modular buildings. Additionally, advancements in materials and technologies, such as the integration of smart building solutions and eco-friendly materials, are expected to open new avenues for market growth. The increasing adoption of PMB solutions in disaster relief efforts and remote locations further underscores the market's potential. As stakeholders across the construction industry recognize the benefits of modular building systems, including reduced construction time and improved quality control, the market is anticipated to witness continued momentum in the coming years.
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Clayton Homes
Skyline Champion Corporation
Cavco Industries
Inc.
Dexterra Group
Atco
Dvele
Black Diamond Group
Blazer Industries
Icon Legacy Custom Modular Homes LLC
Silver Creek Industries
Whitley Manufacturing
Westchester Modular Homes
Inc
Plant Prefab
Modern Building Systems
Inc
Affinity Buildings Systems
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 Global Permanent Modular Building Market
Residential
Commercial
Industrial
Based on Types the Market is categorized into Below types that held the largest Permanent Modular Building market share In 2023.
Type V (Wood Frame
Combustible)
Type II (Steel
Concrete
Non-combustible)
Global (United States, Global 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 Permanent 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 Permanent Modular Building Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Permanent Modular Building Market, By Type
6. Global Permanent Modular Building Market, By Application
7. Global Permanent Modular Building Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Permanent Modular Building Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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