How big is the modular and prefabricated nonresidential building construction market today, and what are its future growth expectations?
The modular and prefabricated nonresidential building construction market size has grown strongly in recent years. It will grow from $77.89 billion in 2024 to $81.9 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing government initiatives, increasing urbanization and rise in modular construction.
The modular and prefabricated nonresidential building construction market size is expected to see strong growth in the next few years. It will grow to $103.88 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing population growth, increasing disposable income, growing environmental concerns, increase in mergers and acquisitions, increasing infrastructure development and rise in industrialization. Major trends in the forecast period include investing in mineral wool insulation materials, investing in invest in 3D printing technology for fast and improved capabilities and services, invest in advanced construction technology, invest in advanced robotics in modular construction.
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What have been the primary factors driving the modular and prefabricated nonresidential building construction market’s growth?
The global modular and prefabricated non-residential building construction market is expected to grow in the forecast period due to an increase in urbanization. Urbanization is the process where more people migrate from rural regions to cities, causing urban areas to expand and transform lifestyles and economies. Urbanization is a key factor in the growth of the global modular and prefabricated nonresidential building construction market. It increases the need for infrastructure like offices and schools, as well as the demand for cost-effective solutions amid rising land and labor costs. For instance, in April 2022, according to the World Economic Forum, a Switzerland-based independent international organization, more than 4.3 billion people, or 55% of the world’s population, lived in urban settings, and the number is expected to rise to 80% by 2050. Therefore, surge in urbanization is goint to propel the growth of modular and prefabricated non-residential building construction market going forward.
What are the key segments within the modular and prefabricated nonresidential building construction market?
The modular and prefabricated nonresidential building construction market covered in this report is segmented –
1) By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal
2) By Application: Institutional, Industrial, Commercial, Agricultural
3) By End-User: Private, Public
Subsegments:
1) By Standard Metal: Steel Frame Structures, Pre-Engineered Metal Buildings, Metal Roof Systems
2) By Agricultural Metal: Metal Barns And Storage Facilities, Agricultural Equipment Sheds, Livestock Housing Structures
3) By Modular Nonmetal: Modular Wood Buildings, Modular Composite Structures, Modular Concrete Buildings
4) By Panelized Precast Nonmetal: Precast Concrete Panels, Insulated Precast Panels, Architectural Precast Panels
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Which key players are shaping the modular and prefabricated nonresidential building construction market?
Major companies operating in the modular and prefabricated nonresidential building construction market include WillScot Mobile Mini Holdings Corp, ATCO Ltd, Algeco, Fleetwood Limited, Red Sea International Company, KLEUSBERG GmbH & Co. KG, Kirby Building Systems, Champion Home Builders, Inc, Guerdon, LLC, ALHO Systembau GmbH, Jeshy Building Concepts Pty Ltd, Ramky Infrastructure Limited, Rain City Industries Pty Ltd, JM Industries Pty Ltd, Buildcep Construction Pty Ltd, Az Building For Future Pty Ltd, Fitzgerald Building Services Pty Ltd, Goodwill Construction Limited, CIMC Modular Building Systems, Hangxiao Steel Structure, Jac Built Construction Limited, Jinchen Group Co., Ltd, China Jingye Engineering Co., Ltd, Sichuan Sanhe Hengsheng Construction Engineering Co., Ltd, Beijing Zhuzong No.6 Development Construction Co., Ltd, Jiangsu Jinfanshui Construction Co., Ltd, Jiangsu Yangjian Group Co., Ltd, Guangdong Coal Base Construction Company, Wuhan Municipal Engineering General Company, Rollalong Ltd, BuildUp, Cadolto Fertiggebaude GmbH & Co. KG, Peab, Dana Holdings, Swietelsky, Habau, Castagner Immobiliare SRL, V & R Edilcons Srl, Blueair Instal Srl, Ten Estate Developments Srl, Zentec Construct Srl, Skanska, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Lendlease, Gilbane Building Co, Battle Lake Design Group, Eco Caminhos, Construcciones Planificadas, WTorre Empreendimentos, Grandio, AF construction, La’ Ala Al-Kuwait Real Estate Co, Gav Yam Land Corporation Ltd, Nakheel, Line Investments & Property LLC (LIP), Emaar, Al Sraiya Holding Group, Al Futtaim Colas, Kharafi National, Baran Group, Redcon Construction Company, Estim Construction Co. Ltd
How will emerging trends drive the modular and prefabricated nonresidential building construction market throughout the forecast period?
Cross-laminated timber (CLT) is one of the promising technologies in the timber construction segment of the wood industry. The demand for CLT is increasing in non-residential building construction, such as schools, restaurants, stores, and warehouses, which is used as an alternative to steel and concrete because wood is evolving as a low-cost alternative. In the construction industry, 3D printing can be used to create construction components or to print entire buildings. 3D printing construction is majorly used for building complex components for private, commercial, and industrial construction. It provides advantages such as low labor costs, faster construction, and higher accuracy. The DFAB House is the world’s first inhabited house that was both digitally planned and built. For instance, in October 2022, Luyten 3D, an Australia-based building and construction company providing 3D printing technology, launched Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer for application in the building and construction industry. It is one of the world’s largest printers and flexible to transform in size of 12 x 6 mobile crane in 20 minutes, which helps in expanding its capability to print large-scale structures. It has the capabilities of integrating acoustic and optical-based artificial intelligence for data-driven concrete printing. Moreover, the printer has an anti-clogging head that is patented.
How do regional factors impact the modular and prefabricated nonresidential building construction market, and which region is the largest contributor?
The countries covered in the modular and prefabricated nonresidential building construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
What Does The Modular and Prefabricated Nonresidential Building Construction Market Report 2025 Offer?
The modular and prefabricated nonresidential building construction market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Modular and prefabricated non-residential building construction is the process of building, altering, repairing, improving, or demolishing any non-residential building or structure which is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time.
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