Modular Construction Market industry segmentations, Drivers And Outlook 2025

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What Are the Forecasted Market Size and Growth Rates for the Global Modular Construction Market?
The modular construction market has seen a robust growth in recent years, reaching $101.67 billion in 2024 and is projected to further grow to $108.6 billion in 2025 at a CAGR of 6.8%. The growth during this period can be attributed to elements such as industrialization and mass production principles, post-war housing demands, and the growing awareness of sustainability. The development of transportation infrastructure and the emphasis on cost and time efficiency have also contributed to this market growth.
Looking into the future, the modular construction market is set to continue its rapid expansion, projected to reach $150.79 billion in 2029, growing at a CAGR of 8.6%. Future growth is largely expected to result from the increasing reliance on resilient, disaster-ready solutions, government support and regulations, and growth in the healthcare and education sectors. The market is also expected to benefit from flexibility in design and a shortage of traditional construction workforce. In the coming years, major trends shaping the market will include regulatory support, healthcare and education facilities, resilience and disaster response, cost predictability, and flexibility and customization.
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What Are the Key Drivers Propelling the Growth of the Modular Construction Market?
A burgeoning demand for construction is expected to boost the modular construction market going forward. The construction industry, with its activities encompassing construction, repair, renovation, and maintenance of infrastructures, is pivotal in creating demand for modular construction. Modular construction paves the way for quicker construction of residential and commercial buildings by establishing climate-controlled facilities and minimizing labor expenses. It also significantly reduces the time and work required for the project. For instance, the 2022 U.S. Construction Cost Trends report reveals that the surge in residential construction in the U.S. is expected to increase the demand for materials and labor, thereby escalating competition and cost pressures. Hence, increasing construction activities are predicted to drive the market for modular construction.
What Are the Major Segments Within the Global Modular Construction Market?
The modular construction market discussed in this report is segmented into the following:
1) By Type: Permanent, Relocatable
2) By Material: Steel, Wood, Concrete
3) By Module: Four-sided, Open-Sided, Partially Open-Sided, Mixed modules And Floor Cassettes, Modules supported By A primary structure, Other Modules
4) By End-Use Sector: Residential, Office, Education, Retail and Commercial, Hospitality, Healthcare, Other End Users
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Which Are the Major Players Operating in the Modular Construction Market?
The modular construction market is marked by the presence of several major players such as Bouygues Construction SA, Laing O’Rourke, Skanska AB, ATCO Ltd., Balfour Beatty Plc., Taisei Corporation, Supertech Industries LLC, Anderco Pte. Ltd., Giant Containers Inc., Honomobo Corporation, Lendlease Corporation, SG Blocks Inc., Guerdon L.L.C, Modulex PLC, Bechtel Corporation, ACS Group, Fluor Corporation, JL Construction, Julius Berger Nigeria PLC, Kiewit Corporation, Larsen & Toubro Limited, McGRATH RENTCORP, Palomar Modular Buildings, Red Sea Housing Services, SEKISUI CHEMICAL CO. LTD, System House R & C Co.
What Are the Emerging Trends in the Modular Construction Market?
Latest product innovations are a key trend in the modular construction market. Major players are introducing innovative products to maintain their market position. For instance, Black Buffalo 3D Corporation, a US-based company in the modular construction market, launched its NEXCON 3D printers in February 2022. These 3D printers address construction challenges by quickly, affordably, and durably printing components or walls using a motion-centric modular gantry design.
Which Region Is Expected to Grow Fastest in the Modular Construction Market?
Asia-Pacific was the largest region contributing to the modular construction market share in 2024. The regions covered in the report on modular construction market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
For Complete Information, What Does The Modular Construction Market Report 2025 Offer?
Modular construction involves an off-site manufacturing process that follows the same norms and requirements as traditional construction methods. This comes with numerous advantages like saving time, lowering labor costs, reducing the volume of waste, and improving productivity by providing standardized components. The Modular Construction Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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