Modular Construction Market By Type (Permanent, Relocatable), By Material (Steel, Precast Concrete, Wood, Plastic), By End-User (Housing, Commercial, Healthcare, Education), and By Region (North America, Europe, Asia Pacific, Latin America, MEA), - Global Trends and Forecasts 2017 to 2027

Date : Jan 2021

|

Report ID : 22

|

Category : Construction Materials

|
Report Format:  PDF EXCEL PPT WORD

The Global Modular Construction Market was estimated at USD 95.49 billion in the year 2020, and is expected to reach USD 141.80 billion by 2027. The market is growing with a CAGR of 6.1%, in the forecast period (2017-2027). Modular construction is fast emerging as a sustainable affordable, economical, and environment-friendly construction method which is increasingly being adopted by builders and construction companies. Growth of the construction industry in the residential and commercial sector, primarily in the Asia Pacific, in order to meet the demand for housing from a rapidly growing population and has also led to a favorable market for modular construction. Also, new trends in the construction industry such as Lean Construction, Building Information Modelling (BIM), and Green Buildings have increased the role of prefabrication and modularization in construction.

Modular Construction Market

The research report analyses the ecosystem of Modular Construction and categorizes the Modular Construction Market to forecast the revenues and analyse the trends in each of the following below-mentioned market segments.

By Type

  • Permanent
  • Relocatable

By Material

  • Steel
  • Precast Concrete
  • Wood
  • Plastic

By Application

  • Housing
  • Commercial
  • Healthcare
  • Education

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Raw material supply analysis
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

In terms of the type of modular construction, the permanent construction segment is estimated to be the largest segment during the forecast period

In terms of product type, the global Modular Construction market can be segmented into Permanent and Relocatable types. The permanent modular Construction segment of the Modular Construction market is projected to be the largest market. Relocatable modular structures are generally preferred for building accommodations or structures on a temporary basis such as laborers working at the worksite.

In 2019, Permanent Modular Construction was the largest market accounting for oversharing 60% share of the overall Modular Construction market. This market is growing mainly on account of demand from the industrial, commercial, and residential housing segment. Permanent modular construction is emerging as an alternative to conventional construction methods over the past few years. The market of the permanent modular construction market is also boosted due to the fact that modular construction techniques result in speedy project delivery, safe working conditions, and improved quality and material management benefits. Also, this technique allows expansion at a later stage which can be done by simply adding more modules. Even though these structures are said to be permanent, they still permit modules of steel and concrete to be moved if the need arises.

By Application, the residential construction application is expected to be the largest segment

The residential construction application segment dominated the Modular Construction market in terms of revenue in 2019. It is also the fastest-growing segment in terms of CAGR. The residential and housing sector is increasingly adopting modular Construction techniques on account of their numerous advantages.  Modular homes are also faster and comparatively easy to build as they are built on a continuously operating assembly line. The modular construction technique also reduces the possibility of weather delays, the need for storage of construction materials, reduces labor costs, and reduces the volume of waste generated. The healthcare sector is expected to be fastest-growing segment in terms of CAGR trends.

The Asia Pacific is expected to be the fastest-growing segment in the forecast period

The Asia Pacific was the fastest-growing segment of the overall Modular Construction market. While Europe is expected to be the second-largest market. The North America region is also projected to witness a higher demand for modular construction in the coming years on account of the increasing adoption of modular construction in various end-user industries. The demand in the Asia Pacific region is primarily driven on account of easy raw material and manpower availability coupled with the demand from end-user industries such as residential housing, commercial construction, and the healthcare industry. Due to the growing eCommerce sector, there is a need to construct more warehouses in certain Asia Pacific countries. The construction industry in the Asia Pacific region is also growing on account of rising urbanization, rising disposable income, and government initiatives, and residential and commercial construction projects. Key Modular Construction markets in Asia- Pacific include China, Japan, India, South Korea, Thailand, and Indonesia.  Key modular construction markets in Europe include Finland, Germany, Sweden, and the U.K.

The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities, and challenges:

Drivers:

  • The growing market for green buildings and energy-efficient structures
  • The emergence of advanced and next-generation light weight and high strength materials which are ideal for modular construction such as structural steel, high strength steel, composites, etc.
  • Faster project completion
  • Construction Safety
  • Cost-effective

Restraints:

  • Transportation and logistics issues
  • Adherence to building codes and practices

Opportunities:

  • The housing crisis in developed countries

Challenges:

  • Lack of awareness

Company Profiles and Competitive Intelligence Covered in Modular Construction Market Report are:

  1. Laing O’rourke
  2. Red Sea Housing
  3. Atco
  4. Bouygues Construction
  5. Vinci
  6. Skanska AB
  7. Algeco Scotsman
  8. Kef Katerra
  9. Lendlease Corporation
  10. Sekisui House Ltd.
  11. KLEUSBERG GmbH & Co KG
  12. Dubox
  13. Wernick Group
  14. CIMC Modular Building Systems Holdings Co., Ltd.
  15. RIKO Group
  16. Algeco
  17. Guerdon Modular Buildings
  18. Hickory Group
  19. Design Space Modular Buildings Inc.
  20. Kwikspace Modular Buildings
  21. Elements Europe
  22. Premier Modular
  23. DMD Modular

Recent News and Developments in the Modular Construction Market Market:

  • In January 2020, Balfour Beatty, a British multinational infrastructure group based in the United Kingdom announced the multifamily property deal in collaboration with ApexOne Investment Partners. This collaboration included the acquisition of two residential community developments, including Retreat at Schillinger in Alabama and Paces Brook in Columbia, thereby extending the company's portfolio by adding of 530 residential units.
  • In November 2019, Katerra, an American technology-driven off-site construction company secured a contract with Vaishnavi Group, a real estate developer based in Bangalore, India for the construction of Vaishnavi Tech Square in Bengaluru. Under this contract, the company will construct ten floors for office spaces, combined with multi-level parking and two additional basement floors.

Frequently Asked Questions (FAQs)

How big is the Global Modular Construction Market?

The Global Modular Construction Market was estimated at USD 95.49 billion in 2020, and is projected to reach a value of USD 141.80 billion by 2027.

What is the estimated market growth rate of Global Modular Construction Industry?

The Global Modular Construction Industry is estimated to grow at a compound annual growth rate (CAGR) of 6.1% during 2017-2027.

Which is the fastest growing region in the Global Modular Construction Market?

The Asia-Pacific region is the fastest growing region in the Global Modular Construction Market.

Who are the key players in the Global Modular Construction Industry?

A few key players in the Global Modular Construction Market includes Laing O’rourke, Atco, Red Sea Housing, Bouygues Construction, Skanska AB, Vinci, Algeco Scotsman, Lendlease Corporation, Kef Katerra, Sekisui House Ltd., KLEUSBERG GmbH & Co KG among others.

Which application has dominated the Global Modular Construction Market?

The residential application held the dominant share in the Global Modular Construction Market.

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. INTRODUCTION
    1. Product Outline
    2. What is Modular Construction
    3. Different types of Modular Construction
    4. Sector Snapshot: Building and Construction
    5. Modular Construction comparison with other insulation materials
    6. Modular Construction and its advantages
    7. Analysis of Modular Construction Ecosystem / Value Chain
    8. Supply Chain Analysis
    9. Covid -19 Impact
    10. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    11. Technology Overview
    12. Patent Analysis
  2. Technology and Regulatory Landscape for Modular Construction
    1. Regulations, Building Codes, Rules and Standards
  3. Raw Material Analysis
    1. Major types of material required for Modular Construction
  4. Modular Construction Market by Type
    1. Permanent
    2. Relocatable
  5. Modular Construction Market by Material
    1. Steel
    2. Precast Concrete
    3. Wood
    4. Plastic Grey
  6. Modular Construction Market by End User
    1. Housing
    2. Commercial
    3. Healthcare
    4. Education
  7. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Sweden
      8. Netherlands
      9. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  8. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  9. Key Market Trends / Recent Developments
  10. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  11. KEY GLOBAL PLAYERS
    1. Laing O’rourke
    2. Red Sea Housing
    3. Atco
    4. Bouygues Construction
    5. Vinci
    6. Skanska AB
    7. Algeco Scotsman
    8. Kef Katerra
    9. Lendlease Corporation
    10. Sekisui House Ltd.
    11. KLEUSBERG GmbH & Co KG
    12. Dubox
    13. Wernick Group
    14. CIMC Modular Building Systems Holdings Co., Ltd.
    15. RIKO Group
    16. Algeco
    17. Guerdon Modular Buildings
    18. Hickory Group
    19. Design Space Modular Buildings Inc.
    20. Kwikspace Modular Buildings
    21. Elements Europe
    22. Premier Modular
    23. DMD Modular
Research Methodology

Choose License

Buy Now

Actionable and high-quality Premium Insights by ResearchCMFE

  • Customer Insights (Customer Expectations & Market Unmet Needs)
  • Market Opportunity Mapping (Market Sizing, Forecast and Trend Analysis)
  • Competitive Intelligence for Key Companies
  • Market Entry Strategy (Raw Material, Feedstock Trends, M&A, Channel Structure, Supply Chain Analysis)
  • Product Mix and Pricing (Pricing Strategy, Average Pricing, New Technologies, Products/Services Comparison)
  • Segmentation Analysis (Value Chain Analysis, Industry Structure)
  • Neural Network Diagram for Depicting Connected Market Ecosystem.
  • Market Attractiveness Framework
  • Demand Supply Scenario
  • Patent Landscape / Innovation Hotspots/ Technology Landscape
  • Impact of Circular Economy or Digital Transformation Trends
  • Region Specific Reports / Country Specific Reports for Specific Topics
  • As Per Customer Need Section Wise Reports
  • Pre and Post-Sales Service and Support

Why Choose ResearchCMFE?

  • Monthly market updates for 6 months
  • Online access of reports
  • Options to buy sections of report
  • Critically analysed research on “Quadrant Positioning” of your company.
  • Syndicated report along with a supplementary report with objective-based study
  • Get profiled in the reports. Expanding your visibility across our network of readers and viewers
  • We provide local market data in local language on request
  • A complementary co-branded white paper
  • Flat consulting fee based exclusive studies. Consult at the price of syndicate
  • Access to expert team for free transaction advisory service.

Choose License

Buy Now
/*