Global modular construction market was valued at $ 102 billion in 2018 and is projected to grow at a CAGR of over 5.5% to surpass $ 142.5 billion by 2024, 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 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 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 global modular construction market.

In terms of material, global modular construction market is categorized into steel, precast concrete, wood, plastic, aluminium and others. Of all, precast concrete captured majority of global modular construction market in 2018 and is expected to continue its dominance throughout forecast period as well. The category is also predicted to witness the fastest growth during forecast period.

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 global modular construction market are ACS Group, Skanska AB, Taisei Corporation, Lendlease Corporation, Balfour Beatty Plc., L&T among others.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of global modular construction market.
  • To classify and forecast 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 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 were 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 global modular construction market using a top-down approach, wherein data for various applications across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through 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, global modular construction market has been segmented into 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:
    • Asia-Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Rest of Asia-Pacific
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Rest of Europe
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Columbia
      • Rest of South America
    • Middle East and Africa
      • UAE
      • Iran
      • South Africa
      • Saudi Arabia
      • Rest of MEA

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global modular construction market.

 

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1    Factors considered while selecting a supplier

4.2    Product awareness and applicability & usage analysis

4.3    Challenges/issues faced post purchase

4.4    Unmet needs

5.    Global Modular Construction Market Outlook

5.1    Market Size & Forecast

5.1.1.     By Value & Area

5.2    Market Share & Forecast

5.2.1.     By Material (Steel; Precast Concrete; Wood; Plastic; Aluminium; Others)

5.2.2.     By Type (Permanent; Relocatable)

5.2.3.     By End User (Residential; Retail; Office; Hotel; Education; Healthcare; Industrial; Others)

5.2.4.     By Region (Asia-Pacific; Europe; North America; South America; Middle-East & Africa)

5.2.5.     By Company (2018)

5.3    Market Attractiveness Index (By Material; By Type; By End User)

6.    Asia-Pacific 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

6.2.2.     By Type

6.2.3.     By End User

6.2.4.     By Country

6.3    China Modular Construction Market Outlook

6.3.1.     Market Size & Forecast

6.3.1.1.         By Value

6.3.2.     Market Share & Forecast

6.3.2.1.         By Type

6.3.2.2.         By End User

6.3.2.3.         By Material

6.4    India Modular Construction Market Outlook

6.4.1.     Market Size & Forecast

6.4.1.1.         By Value

6.4.2.     Market Share & Forecast

6.4.2.1.         By Type

6.4.2.2.         By End User

6.4.2.3.         By Material

6.5    Japan Modular Construction Market Outlook

6.5.1.     Market Size & Forecast

6.5.1.1.         By Value

6.5.2.     Market Share & Forecast

6.5.2.1.         By Type

6.5.2.2.         By End User

6.5.2.3.         By Material

6.6    South Korea Modular Construction Market Outlook

6.6.1.     Market Size & Forecast

6.6.1.1.         By Value

6.6.2.     Market Share & Forecast

6.6.2.1.         By Type

6.6.2.2.         By End User

6.6.2.3.         By Material

6.7    Australia Modular Construction Market Outlook

6.7.1.     Market Size & Forecast

6.7.1.1.         By Value

6.7.2.     Market Share & Forecast

6.7.2.1.         By Type

6.7.2.2.         By End User

6.7.2.3.         By Material

6.8    Singapore Modular Construction Market Outlook

6.8.1.     Market Size & Forecast

6.8.1.1.         By Value

6.8.2.     Market Share & Forecast

6.8.2.1.         By Type

6.8.2.2.         By End User

6.8.2.3.         By Material

6.9    Malaysia Modular Construction Market Outlook

6.9.1.     Market Size & Forecast

6.9.1.1.         By Value

6.9.2.     Market Share & Forecast

6.9.2.1.         By Type

6.9.2.2.         By End User

6.9.2.3.         By Material

7.    North America 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    United States 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    Canada 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    Mexico 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

8.    Europe 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    Germany 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    United Kingdom 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    France 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

8.6    Italy Modular Construction Market Outlook

8.6.1.     Market Size & Forecast

8.6.1.1.         By Value

8.6.2.     Market Share & Forecast

8.6.2.1.         By Type

8.6.2.2.         By End User

8.6.2.3.         By Material

8.7    Spain Modular Construction Market Outlook

8.7.1.     Market Size & Forecast

8.7.1.1.         By Value

8.7.2.     Market Share & Forecast

8.7.2.1.         By Type

8.7.2.2.         By End User

8.7.2.3.         By Material

9.    Middle East and Africa 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    UAE 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    Iran 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    Saudi Arabia 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    South Africa 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

10.  South America 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 Brazil 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 Argentina 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 Colombia 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.