Modular Construction Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - ACS Group, Skanska AB, Komatsu, LARSEN & TOUBRO

The global Modular Construction Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.32% during the review period (2022 to 2027)

Modular Construction Market Overview

Modular construction is a procedure in which an off-site construction of a building is completed, using the same design, standards, and materials. The construction of the buildings is done in a modules format, which is then put together on location. The modular construction creates fewer site disturbances and generates less waste as compared to old construction. In addition, the disassembling of modular buildings can be achieved effortlessly, and can be refurbished and relocated for new modular homes, thus minimizing the demand for raw materials and the need for energy to construct new buildings. The modular construction is applied for permanent or temporary facilities such as military housing, classrooms, classrooms, construction camps, and industrial facilities. Also, modular houses and buildings are used in remote areas where conventional construction is not possible. Still, modular construction finds its main application in healthcare facilities, churches, fast food restaurants, and commercial offices. In addition, it is gaining improved popularity, owing to its benefits such as ability to serve remote locations, low waste generation, environmentally friendly construction process, enhanced flexibility, high quality, and increased market acceptance. The construction industry has been exploring innovative materials and technologies that can provide more high-quality housing using less construction time. On this basis, the modular construction is one of the prominent sectors seeking lean techniques to progress overall operational workflows in providing housing with enhanced quality, productivity, safety, and efficiency.

Industry News

In May 2021, US portable accommodation and storage company McGrath RentCorp has acquired California-based Design Space Modular Buildings for USD 260 million. The deal may expand McGrath’s Mobile Modular division, adding around 6,400 units to its fleet. Almost 30% of Design Space’s fleet comprises storage units.

In April 2021, McGrath RentCorp announced it had acquired Kitchens To Go, a leader in interim and permanent modular solutions for foodservice providers requiring flexible facilities to continue or expand operations. The purchase may allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level.

What are the major Applications, Types and Regions for Modular Construction Market?

By Type, it is segmented into

• Walls


• Roof & Floors


• Columns & Beams


• Others

By Applications it is segmented into

• Commercial


• Residential


• Industrial


• Others

Modular Construction Market Regional Analysis

China accounts for the major economy in the Asia Pacific. Increased construction activities in the country owing to improved standards of living, improved spending power, and other factors are anticipated to boost the growth of construction sector in the country The increasing household income levels, combined with the population migrating from rural to urban areas, are expected to continue to drive the demand for the residential construction sector in the region. The improved focus on affordable housing by both the public and private sectors is driving the growth in the residential construction sector.​

North America

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  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Modular Construction Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Modular Construction Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Modular Construction Market Report Scope?

Key Takeaways from this Modular Construction Report

• Evaluate Modular Construction market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Modular Construction market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Modular Construction Market is studied from 2017 - 2027.

 What is the growth rate of Modular Construction Market?

The Modular Construction Market is growing at a CAGR of 7.32% over the next 5 years.

What regions does this Modular Construction Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.