The global modular construction market was valued at $ 108 billion in 2019 and is projected to grow at a CAGR of over 5.5% by 2026, owing to rising demand for complex structures at affordable rates along with rapid urbanization and industrialization. Modular construction is a term used to describe the use of factory-produced pre-engineered building units that are delivered to the site and assembled as large volumetric components or as substantial elements of a building. The modular units may form complete rooms, parts of rooms, or separate highly serviced units such as toilets or lifts. Completed modules are delivered to the site and pieced together to form a finished building.
Spending on infrastructure is a major driver for the global modular construction market. It is anticipated that the spending on infrastructure and capital projects would grow significantly over the next few years. India, China, and other countries in Asia-Pacific are investing considerably in the infrastructure market. Moreover, modular construction reduces build time by 30-50%. The process is cost-effective due to less labor involved in on-site activities. Thus, the need for time-saving construction methods is widening the growth scope of the global modular construction market.
In terms of material, the global modular construction market is categorized into steel, precast concrete, wood, plastic, aluminum, and others. Of all, precast concrete captured the majority of the global modular construction market in 2020 and is expected to continue its dominance throughout the forecast period as well. The category is also predicted to witness the fastest growth during the forecast period.
The global modular construction market has several manufacturers, with moderate competition. Most manufacturers target Asian countries including India and China, wherein the construction industry is bolstering. Some of the leading players in the global modular construction market are ACS Group, Skanska AB, Taisei Corporation, Lendlease Corporation, Balfour Beatty Plc., and L&T among others.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022–2026
The objective of the Study:
- To analyze and forecast the market size of the global modular construction market.
- To classify and forecast the global modular construction market based on material, type, end user, and regional distribution.
- To identify drivers and challenges for global modular construction market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global modular construction market.
- To conduct pricing analysis for global modular construction market.
- To identify and analyze the profile of leading players involved in global modular construction market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of the global modular construction market using a top-down approach, wherein data for various applications across various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Module manufacturers
- Raw material suppliers
- Industry associations and experts
- Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the global modular construction market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Permanent
- Relocatable
- Market, By Material:
- Steel
- Precast Concrete
- Wood
- Plastic
- Aluminium
- Others
- Market, By End User:
- Residential
- Retail
- Office
- Hotel
- Education
- Healthcare
- Industrial
- Others
- Market, by Region:
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Rest of Asia-Pacific
- France
- Germany
- United Kingdom
- Italy
- Spain
- Rest of Europe
- United States
- Mexico
- Canada
- Brazil
- Argentina
- Columbia
- Rest of South America
- UAE
- Iran
- South Africa
- Saudi Arabia
- Rest of MEA
- Asia-Pacific
- Europe
- North America
- South America
- Middle East and Africa
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global modular construction market.
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID -19 on Global Modular Construction Market
- Voice of Customer
5.1 Factors considered while selecting a supplier
5.2 Product awareness and applicability & usage analysis
5.3 Challenges/issues faced post purchase
5.4 Unmet needs
- Global Modular Construction Market Outlook
6.1 Market Size & Forecast
6.1.1. By Value & Area
6.2 Market Share & Forecast
6.2.1. By Material (Steel; Precast Concrete; Wood; Plastic; Aluminium; Others)
6.2.2. By Type (Permanent; Relocatable)
6.2.3. By End User (Residential; Retail; Office; Hotel; Education; Healthcare; Industrial; Others)
6.2.4. By Region (Asia-Pacific; Europe; North America; South America; Middle-East & Africa)
6.2.5. By Company (2020)
6.3 Market Attractiveness Index (By Material; By Type; By End User)
- Asia-Pacific Modular Construction Market Outlook
7.1 Market Size & Forecast
7.1.1. By Value & Area
7.2 Market Share & Forecast
7.2.1. By Material
7.2.2. By Type
7.2.3. By End User
7.2.4. By Country
7.3 China Modular Construction Market Outlook
7.3.1. Market Size & Forecast
7.3.1.1. By Value
7.3.2. Market Share & Forecast
7.3.2.1. By Type
7.3.2.2. By End User
7.3.2.3. By Material
7.4 India Modular Construction Market Outlook
7.4.1. Market Size & Forecast
7.4.1.1. By Value
7.4.2. Market Share & Forecast
7.4.2.1. By Type
7.4.2.2. By End User
7.4.2.3. By Material
7.5 Japan Modular Construction Market Outlook
7.5.1. Market Size & Forecast
7.5.1.1. By Value
7.5.2. Market Share & Forecast
7.5.2.1. By Type
7.5.2.2. By End User
7.5.2.3. By Material
7.6 South Korea Modular Construction Market Outlook
7.6.1. Market Size & Forecast
7.6.1.1. By Value
7.6.2. Market Share & Forecast
7.6.2.1. By Type
7.6.2.2. By End User
7.6.2.3. By Material
7.7 Australia Modular Construction Market Outlook
7.7.1. Market Size & Forecast
7.7.1.1. By Value
7.7.2. Market Share & Forecast
7.7.2.1. By Type
7.7.2.2. By End User
7.7.2.3. By Material
7.8 Singapore Modular Construction Market Outlook
7.8.1. Market Size & Forecast
7.8.1.1. By Value
7.8.2. Market Share & Forecast
7.8.2.1. By Type
7.8.2.2. By End User
7.8.2.3. By Material
7.9 Malaysia Modular Construction Market Outlook
7.9.1. Market Size & Forecast
7.9.1.1. By Value
7.9.2. Market Share & Forecast
7.9.2.1. By Type
7.9.2.2. By End User
7.9.2.3. By Material
- North America Modular Construction Market Outlook
8.1 Market Size & Forecast
8.1.1. By Value & Area
8.2 Market Share & Forecast
8.2.1. By Material
8.2.2. By Type
8.2.3. By End User
8.2.4. By Country
8.3 United States Modular Construction Market Outlook
8.3.1. Market Size & Forecast
8.3.1.1. By Value
8.3.2. Market Share & Forecast
8.3.2.1. By Type
8.3.2.2. By End User
8.3.2.3. By Material
8.4 Canada Modular Construction Market Outlook
8.4.1. Market Size & Forecast
8.4.1.1. By Value
8.4.2. Market Share & Forecast
8.4.2.1. By Type
8.4.2.2. By End User
8.4.2.3. By Material
8.5 Mexico Modular Construction Market Outlook
8.5.1. Market Size & Forecast
8.5.1.1. By Value
8.5.2. Market Share & Forecast
8.5.2.1. By Type
8.5.2.2. By End User
8.5.2.3. By Material
- Europe Modular Construction Market Outlook
9.1 Market Size & Forecast
9.1.1. By Value & Area
9.2 Market Share & Forecast
9.2.1. By Material
9.2.2. By Type
9.2.3. By End User
9.2.4. By Country
9.3 Germany Modular Construction Market Outlook
9.3.1. Market Size & Forecast
9.3.1.1. By Value
9.3.2. Market Share & Forecast
9.3.2.1. By Type
9.3.2.2. By End User
9.3.2.3. By Material
9.4 United Kingdom Modular Construction Market Outlook
9.4.1. Market Size & Forecast
9.4.1.1. By Value
9.4.2. Market Share & Forecast
9.4.2.1. By Type
9.4.2.2. By End User
9.4.2.3. By Material
9.5 France Modular Construction Market Outlook
9.5.1. Market Size & Forecast
9.5.1.1. By Value
9.5.2. Market Share & Forecast
9.5.2.1. By Type
9.5.2.2. By End User
9.5.2.3. By Material
9.6 Italy Modular Construction Market Outlook
9.6.1. Market Size & Forecast
9.6.1.1. By Value
9.6.2. Market Share & Forecast
9.6.2.1. By Type
9.6.2.2. By End User
9.6.2.3. By Material
9.7 Spain Modular Construction Market Outlook
9.7.1. Market Size & Forecast
9.7.1.1. By Value
9.7.2. Market Share & Forecast
9.7.2.1. By Type
9.7.2.2. By End User
9.7.2.3. By Material
- Middle East and Africa Modular Construction Market Outlook
10.1 Market Size & Forecast
10.1.1. By Value & Area
10.2 Market Share & Forecast
10.2.1. By Material
10.2.2. By Type
10.2.3. By End User
10.2.4. By Country
10.3 UAE Modular Construction Market Outlook
10.3.1. Market Size & Forecast
10.3.1.1. By Value
10.3.2. Market Share & Forecast
10.3.2.1. By Type
10.3.2.2. By End User
10.3.2.3. By Material
10.4 Iran Modular Construction Market Outlook
10.4.1. Market Size & Forecast
10.4.1.1. By Value
10.4.2. Market Share & Forecast
10.4.2.1. By Type
10.4.2.2. By End User
10.4.2.3. By Material
10.5 Saudi Arabia Modular Construction Market Outlook
10.5.1. Market Size & Forecast
10.5.1.1. By Value
10.5.2. Market Share & Forecast
10.5.2.1. By Type
10.5.2.2. By End User
10.5.2.3. By Material
10.6 South Africa Modular Construction Market Outlook
10.6.1. Market Size & Forecast
10.6.1.1. By Value
10.6.2. Market Share & Forecast
10.6.2.1. By Type
10.6.2.2. By End User
10.6.2.3. By Material
- South America Modular Construction Market Outlook
11.1 Market Size & Forecast
11.1.1. By Value & Area
11.2 Market Share & Forecast
11.2.1. By Material
11.2.2. By Type
11.2.3. By End User
11.2.4. By Country
11.3 Brazil Modular Construction Market Outlook
11.3.1. Market Size & Forecast
11.3.1.1. By Value
11.3.2. Market Share & Forecast
11.3.2.1. By Type
11.3.2.2. By End User
11.3.2.3. By Material
11.4 Argentina Modular Construction Market Outlook
11.4.1. Market Size & Forecast
11.4.1.1. By Value
11.4.2. Market Share & Forecast
11.4.2.1. By Type
11.4.2.2. By End User
11.4.2.3. By Material
11.5 Colombia Modular Construction Market Outlook
11.5.1. Market Size & Forecast
11.5.1.1. By Value
11.5.2. Market Share & Forecast
11.5.2.1. By Type
11.5.2.2. By End User
11.5.2.3. By Material
- Market Dynamics
12.1 Drivers
12.2 Challenges
- Market Trends & Developments
- Competitive Landscape
14.1 Competition Outlook
14.2 Company Profiles
14.2.1. Basic Details
14.2.2. Financials (As reported)
14.2.3. Supply Chain Analysis
14.2.4. Key Market Focus and Geographical Presence
14.2.5. Planned Investments
14.2.6. Pricing of Target Products
14.2.7. Market positioning
14.3 Global Players Profiled (Leading Companies)
14.3.1 ACS Group
14.3.2 Skanska AB
14.3.3 Taisei Corporation
14.3.4 Lendlease Corporation
14.3.5 Balfour Beatty Plc.
14.3.6 L&T
14.3.7 ATCO
14.3.8 Algeco Scotsman, Inc.
14.3.9 Red Sea Housing Services Company FZE
14.3.10 VINCI SA
(Note: The companies list can be customized based on the client requirements)
- Strategic Recommendations
- About Us & Disclaimer