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Modular Construction Market by Type (Permanent, Relocatable), Material (Precast concrete, Steel Wood, Plastic, Others), End-use sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023

Modular Construction Market by Type (Permanent, Relocatable), Material (Precast concrete, Steel Wood, Plastic, Others), End-use sector (Housing, Commercial, Education, Healthcare, Industrial), and Region - Global Forecast to 2023

“The modular construction market is projected to grow at a CAGR of 7.1% from 2018 to 2023.”
The modular construction market is estimated at USD 92.18 billion in 2018 and is projected to reach USD 129.67 billion by 2023, at a CAGR of 7.1%. The increase in concern towards work zone safety, need for reduced construction time and cost, ease of installation and relocation, and supportive government initiatives drive the demand for modular construction. The lack of awareness about modular construction acts as a challenge to the growth of the modular construction market.

“Based on type, the relocatable modular construction accounted for the largest share of the modular construction market in 2017.”
Relocatable modular construction led the modular construction market in 2017, in terms of volume; this segment is projected to retain its leading position through 2023. These buildings offer ease of relocation, accelerated depreciation schedules, fast delivery, low-cost reconfiguration, and enormous flexibility. Relocatable buildings are utilized for construction site offices, schools, sales centers, medical clinics, and in any application where temporary space, speed, and the ability to relocate are of vital importance.

“Based on end-use sector, the housing segment accounted for a larger share of the modular construction market in 2017.”
Based on end-use sector, the modular construction market has been segmented into housing, commercial, education, healthcare, and industrial. The housing segment led the modular construction market in 2017. Rising need for affordable houses, coupled with the need for time-saving & cost-effective construction methods, drives the demand for modular construction in the housing segment. Modular construction provides the ability to build residential building structures in about half the time as compared to conventional site-built construction methods.

“Asia Pacific is expected to be the largest market for modular construction during the forecast period.”
The Asia Pacific modular construction market is projected to be the largest market between 2018 and 2023. Factors such as the increasing number of new housing units and considerable investments in the infrastructural sector drive the demand for modular construction in this region. The growth of the modular construction market in the Asia Pacific region is also driven by the tremendous growth of construction opportunities in countries such as China, India, Japan, Australia, South Korea, Thailand, Vietnam, and Indonesia.

Breakdown of Primaries

By Company Type: Tier 1 - 35%, Tier 2 - 40%, and Tier 3 - 25%
By Designation: C Level - 25%, Director Level - 35%, and Others - 40%
By Region: North America - 25%, Europe - 20%, Asia Pacific - 35%, and RoW* - 20%

*RoW includes the Middle East & Africa and South America.

The key players profiled in the report are as follows:
1. Laing O’Rourke (UK)
2. Red Sea Housing (Saudi Arabia)
3. ATCO (Canada)
4. Bouygues Construction (France)
5. VINCI (France)
6. Skanska AB (Sweden)
7. Algeco Scotsman (US)
8. KLEUSBERG GmbH & Co. KG (Germany)
9. KEF Katerra (India)
10. Lendlease Corporation (Australia)

Research Objectives:

The primary objective of this study is to define, forecast, and segment the modular construction market by type, material, end-use sector, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics that include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as contracts, agreements, new projects, partnerships, joint ventures, and expansions in the modular construction market.

Reasons to Buy the Report:

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the modular construction market and provides the closest approximations of revenue numbers for the overall market and its subsegments across different regions.
2. The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.
3. This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes the ranking of the top five players in the modular construction market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • REGIONAL SCOPE
      • PERIODIZATION CONSIDERED
    • CURRENCY CONSIDERED
      • Table CONVERSION RATES, 2014-2017
    • UNIT CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RESEARCH LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • EMERGING ECONOMIES TO SHIFT ITS FOCUS TOWARD MODULAR CONSTRUCTION
    • MODULAR CONSTRUCTION MARKET, BY TYPE
    • MODULAR CONSTRUCTION MARKET, BY MATERIAL
    • MODULAR CONSTRUCTION MARKET, BY END-USE SECTOR
    • ASIA PACIFIC MODULAR CONSTRUCTION MARKET, BY END-USE SECTOR & COUNTRY
    • MODULAR CONSTRUCTION MARKET: KEY COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table ASIA PACIFIC URBANIZATION TREND, 1990-2050
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • SUPPLY CHAIN
      • PRODUCT DEVELOPMENT & DISTRIBUTION ARE AN INTEGRAL PART OF THE SUPPLY CHAIN IN THE MODULAR CONSTRUCTION MARKET
      • PROMINENT COMPANIES
      • SMALL & MEDIUM ENTERPRISES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACRO ECONOMIC INDICATORS
      • RISING POPULATION
      • INCREASE IN MIDDLE-CLASS POPULATION, 2009-2030
      • DEVELOPING ECONOMICS, GDP (PURCHASING POWER PARITY), 2015
      • GDP & CONTRIBUTION TO THE CONSTRUCTION INDUSTRY, BY COUNTRY
        • Table NORTH AMERICA: GDP, BY COUNTRY, 2015-2022 (USD BILLION)
        • Table NORTH AMERICA: CONTRIBUTION TO THE CONSTRUCTION INDUSTRY, BY COUNTRY, 2014-2021 (USD BILLION)
        • Table EUROPE: GDP, BY COUNTRY, 2015-2022 (USD BILLION)
        • Table EUROPE: CONTRIBUTION TO THE CONSTRUCTION INDUSTRY, BY COUNTRY, 2014-2021 (USD BILLION)
        • Table ASIA PACIFIC: GDP, BY COUNTRY, 2015-2022 (USD BILLION)
        • Table ASIA PACIFIC: CONTRIBUTION TO THE CONSTRUCTION INDUSTRY, BY COUNTRY, 2014-2021 (USD BILLION)
        • Table MIDDLE EAST & AFRICA: GDP, BY COUNTRY, 2015-2022 (USD BILLION)
        • Table MIDDLE EAST & AFRICA: CONTRIBUTION TO THE CONSTRUCTION INDUSTRY, BY COUNTRY, 2014-2021 (USD BILLION)
        • Table SOUTH AMERICA: GDP, BY COUNTRY, 2015-2022 (USD BILLION)
        • Table SOUTH AMERICA: CONTRIBUTION TO THE CONSTRUCTION INDUSTRY, BY COUNTRY, 2014-2021 (USD BILLION)
  • MODULAR CONSTRUCTION MARKET, BY TYPE
    • INTRODUCTION
      • Table MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
    • PERMANENT
    • RELOCATABLE
  • MODULAR CONSTRUCTION MARKET, BY MATERIAL
    • INTRODUCTION
      • Table MODULAR CONSTRUCTION TYPE MARKET SIZE, BY MATERIAL, 2016-2023 (USD MILLION)
      • Table MODULAR CONSTRUCTION TYPE MARKET SIZE, BY MATERIAL, 2016-2023 (MILLION SQUARE FEET)
    • PRECAST CONCRETE
    • STEEL
    • WOOD
    • PLASTIC
    • OTHERS
  • MODULAR CONSTRUCTION MARKET, BY MODULE
    • INTRODUCTION
    • 4-SIDED MODULES
    • OPEN-SIDED MODULES
    • PARTIALLY OPEN-SIDED MODULES
    • MIXED MODULES AND FLOOR CASSETTES
    • MODULES SUPPORTED BY A PRIMARY STRUCTURE
    • OTHERS
  • MODULAR CONSTRUCTION MARKET, BY END-USE SECTOR
    • INTRODUCTION
      • Table MODULAR CONSTRUCTION MARKET SIZE, BY END-USE SECTOR, 2016-2023 (USD MILLION)
      • Table MODULAR CONSTRUCTION MARKET SIZE, BY END-USE SECTOR, 2016-2023 (MILLION SQUARE FEET)
    • HOUSING
    • COMMERCIAL
    • HEALTHCARE
    • EDUCATION
    • INDUSTRIAL
  • MODULAR CONSTRUCTION MARKET, BY REGION
    • INTRODUCTION
      • Table MODULAR CONSTRUCTION MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table MODULAR CONSTRUCTION MARKET SIZE, BY REGION, 2016-2023 (MILLION SQUARE FEET)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
      • Table ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • CHINA
        • Table CHINA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table CHINA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • JAPAN
        • Table JAPAN: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table JAPAN: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • AUSTRALIA
        • Table AUSTRALIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table AUSTRALIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • INDIA
        • Table INDIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table INDIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
    • EUROPE
      • Table EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
      • Table EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • GERMANY
        • Table GERMANY: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table GERMANY: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • FRANCE
        • Table FRANCE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table FRANCE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • UK
        • Table UK: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table UK: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • RUSSIA
        • Table RUSSIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table RUSSIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • SWEDEN
        • Table SWEDEN: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SWEDEN: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • SPAIN
        • Table SPAIN: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SPAIN: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • REST OF EUROPE
        • Table REST OF EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
    • NORTH AMERICA
      • Table NORTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
      • Table NORTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • US
        • Table US: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table US: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • CANADA
        • Table CANADA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table CANADA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • MEXICO
        • Table MEXICO: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table MEXICO: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
    • MIDDLE EAST
      • Table MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • Table MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • UAE
        • Table UAE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table UAE: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • REST OF THE MIDDLE EAST & AFRICA
        • Table REST OF THE MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF THE MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY, 2016-2023 (MILLION SQUARE FEET)
      • Table SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • BRAZIL
        • Table BRAZIL: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table BRAZIL: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • ARGENTINA
        • Table ARGENTINA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table ARGENTINA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2016-2023 (MILLION SQUARE FEET)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • NEW PROJECTS
        • Table NEW PROJECTS
      • CONTRACTS
        • Table CONTRACTS
      • EXPANSIONS
        • Table EXPANSIONS
      • PARTNERSHIPS & AGREEMENTS
        • Table PARTNERSHIPS & AGREEMENTS
      • ACQUISITIONS
        • Table ACQUISITIONS
      • DIVESTITURES
        • Table DIVESTITURES
      • MERGER/JOINT VENTURE
        • Table MERGERS/JOINT VENTURES
  • COMPANY PROFILES
    • LAING O'ROURKE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • RED SEA HOUSING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ATCO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BOUYGUES CONSTRUCTION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • VINCI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SKANSKA AB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ALGECO SCOTSMAN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KLEUSBERG GMBH & CO. KG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KEF KATERRA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LENDLEASE CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OTHER PLAYERS
      • MODULAR SPACE CORPORATION
      • DUBOX
      • KWIKSPACE MODULAR BUILDINGS
      • GUERDON ENTERPRISES LLC
      • ALTA-FAB STRUCTURES
      • WESTCHESTER MODULAR HOMES
      • WERNICK GROUP
      • FLEETWOOD AUSTRALIA
      • NRB INC.
      • KOMA MODULAR
      • HICKORY GROUP
      • CLAYTON HOMES
      • J.D. IRVING
      • HORIZON NORTH LOGISTICS
      • ART'S WAY MANUFACTURING
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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