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Modular Construction Market Growth & Trends:
The global modular construction market size is estimated to reach USD 162.42 billion by 2030, registering to grow at a CAGR of 7.9% from 2025 to 2030 according to a new report by Grand View Research, Inc. This growth can be attributed to growing infrastructural development and building activities in developing countries around the globe. Rapid urbanization and industrialization are expected to increase the number of new projects, primarily in the commercial and industrial building sectors. This is likely to fuel the growth of the modular construction industry across the globe. Increasing technological advancements in the building industry coupled with the advantages provided by modular construction such as reduced building schedule, reduced cost, greater flexibility, reuse, and less material waste are contributing to the product demand in the market.
The relocatable modular construction (RMC) market is expected to witness rapid growth as temporary housing for emergency and relief operations has gained popularity over the past decade. These buildings are made to be repurposed and transported to various building sites. Government initiatives and regulations toward sustainability and a green environment are expected to fuel the market growth over the forecast period.
Using wood in modular construction is advantageous due to its favorable properties as a material. Wood is used in modular construction to create exterior wall panels including additional layers for insulation, vapor barrier, siding, waterproofing, and drywall. Moreover, global concerns regarding sustainability and increasing awareness about wood as a building material among consumers are the factors likely to augment the growth of the market over the forecast period.
Growing commercial sector in Asia Pacific on account of rising penetration of multinational brands backed with favorable trade policies are expected to propel the market growth. Increasing construction of office spaces, shopping malls, lodging spaces and other utility spaces across the region are likely to provide a major boost to the adoption of modular construction.
The manufacturers of modular construction prefer to maintain strategic relationships with raw material suppliers in order to avoid disruptions in raw material supply. In addition, manufacturers do not depend on a single source to procure raw materials to ensure the steady supply of raw materials and avoid volatility in terms of sourcing, thereby limiting the bargaining power of suppliers.
Leading companies are implementing the latest modular construction techniques and solutions to drive innovation in the modular construction sector. For instance, in March 2017, Bureau Veritas, Setec Batiment, Agence Coste Architectures, and Bouygues Construction partnered to work on innovative Building Information Modeling (BIM) processes. These processes enable technical inspectors and health & security protection coordinators to assess buildings and structures directly based on the digital model and allows principal contractors to sign off directly on the same digital model.
Modular Construction Market Report Highlights:
- The permanent segment led the modular construction industry and accounted for a revenue share of 64.45% in 2024.
- The steel segment dominated the market and accounted for a revenue share of 41.3% in 2024.
- The four-sided segment dominated the market and accounted for a revenue share of 37.46% in 2024.
- Residential modular construction dominated the market and accounted for a revenue share of 53.2% in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Modular Construction Market Variables, Trends & Scope
- 3.1. Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Manufacturing Trends
- 3.2.2. Sales Channel Analysis
- 3.3. Technological Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. PESTEL by SWOT
- 3.7. Market Disruption Analysis
Chapter 4. Modular Construction Market: Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Modular Construction Market Estimates & Forecast, By Product 2018 - 2030 (USD Million)
- 4.4. Relocatable
- 4.4.1. Modular Construction Market Estimates & Forecast, by Relocatable, 2018 - 2030 (USD Million)
- 4.5. Permanent
- 4.5.1. Modular Construction Market Estimates & Forecast, by Permanent, 2018 - 2030 (USD Million)
Chapter 5. Modular Construction Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2024 & 2030
- 5.3. Modular Construction Market Estimates & Forecast, By Application 2018 - 2030 (USD Million)
- 5.4. Residential
- 5.4.1. Modular Construction Market Estimates & Forecast, By Residential 2018 - 2030 (USD Million)
- 5.5. Commercial
- 5.5.1. Modular Construction Market Estimates & Forecast, By Commercial 2018 - 2030 (USD Million)
- 5.6. Industrial
- 5.6.1. Modular Construction Market Estimates & Forecast, By Industrial 2018 - 2030 (USD Million)
- 5.7. Healthcare
- 5.7.1. Modular Construction Market Estimates & Forecast, By Healthcare 2018 - 2030 (USD Million)
- 5.8. Educational
- 5.8.1. Modular Construction Market Estimates & Forecast, By Educational 2018 - 2030 (USD Million)
Chapter 6. Modular Construction Market: Material Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Material Movement Analysis & Market Share, 2024 & 2030
- 6.3. Modular Construction Market Estimates & Forecast, By Material 2018 - 2030 (USD Million)
- 6.4. Wood
- 6.4.1. Modular Construction Market Estimates & Forecast, By Wood 2018 - 2030 (USD Million)
- 6.5. Steel
- 6.5.1. Modular Construction Market Estimates & Forecast, By Steel 2018 - 2030 (USD Million)
- 6.6. Concrete
- 6.6.1. Modular Construction Market Estimates & Forecast, By Concrete 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Modular Construction Market Estimates & Forecast, By Others 2018 - 2030 (USD Million)
Chapter 7. Modular Construction Market: Module Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Module Movement Analysis & Market Share, 2024 & 2030
- 7.3. Modular Construction Market Estimates & Forecast, By Module 2018 - 2030 (USD Million)
- 7.4. Four-Sided
- 7.4.1. Modular Construction Market Estimates & Forecast, By Four-Sided 2018 - 2030 (USD Million)
- 7.5. Open-Sided
- 7.5.1. Modular Construction Market Estimates & Forecast, By Open-Sided 2018 - 2030 (USD Million)
- 7.6. Partially Open-Sided
- 7.6.1. Modular Construction Market Estimates & Forecast, By Partially Open-Sided 2018 - 2030 (USD Million)
- 7.7. Mixed Modules & Floor Cassettes
- 7.7.1. Modular Construction Market Estimates & Forecast, By Healthcare 2018 - 2030 (USD Million)
- 7.8. Modules Supported By A Primary Structure
- 7.8.1. Modular Construction Market Estimates & Forecast, By Modules Supported By A Primary Structure 2018 - 2030 (USD Million)
- 7.9. Others
- 7.9.1. Modular Construction Market Estimates & Forecast, By Others 2018 - 2030 (USD Million)
Chapter 8. Modular Construction Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 8.2. North America
- 8.2.1. North America Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Germany Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. UK
- 8.3.3.1. UK Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. Sweden
- 8.3.4.1. Sweden Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Singapore
- 8.4.5.1. Singapore Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5. Middle East & Africa
- 8.5.1. Middle East & Africa Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. UAE
- 8.5.2.1. UAE Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Saudi Arabia
- 8.5.3.1. Saudi Arabia Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6. Central & South America
- 8.6.1. Central & South America Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Brazil Modular Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Modular Construction Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Competition Categorization
- 9.3. Company Market Positioning
- 9.4. Vendor Landscape
- 9.5. Strategy Mapping
- 9.6. Company Listing
- 9.6.1. Sekisui House Ltd.
- 9.6.1.1. Participant Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Strategic Initiatives
- 9.6.2. LAING O'ROURKE
- 9.6.2.1. Participant Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Strategic Initiatives
- 9.6.3. Red Sea International
- 9.6.3.1. Participant Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Strategic Initiatives
- 9.6.4. Skanska
- 9.6.4.1. Participant Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Strategic Initiatives
- 9.6.5. Bouygues Construction
- 9.6.5.1. Participant Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Strategic Initiatives
- 9.6.6. Premier Modular Limited
- 9.6.6.1. Participant Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Strategic Initiatives
- 9.6.7. KLEUSBERG GmbH & Co KG
- 9.6.7.1. Participant Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Strategic Initiatives
- 9.6.8. DuBox
- 9.6.8.1. Participant Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Strategic Initiatives
- 9.6.9. Wernick Group
- 9.6.9.1. Participant Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Strategic Initiatives
- 9.6.10. CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS)
- 9.6.10.1. Participant Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Strategic Initiatives
- 9.6.11. Riko Hise d.o.o
- 9.6.11.1. Participant Overview
- 9.6.11.2. Financial Performance
- 9.6.11.3. Product Benchmarking
- 9.6.11.4. Strategic Initiatives
- 9.6.12. Lendlease Corporation
- 9.6.12.1. Participant Overview
- 9.6.12.2. Financial Performance
- 9.6.12.3. Product Benchmarking
- 9.6.12.4. Strategic Initiatives
- 9.6.13. Modulaire Group
- 9.6.13.1. Participant Overview
- 9.6.13.2. Financial Performance
- 9.6.13.3. Product Benchmarking
- 9.6.13.4. Strategic Initiatives
- 9.6.14. Guerdon, LLC
- 9.6.14.1. Participant Overview
- 9.6.14.2. Financial Performance
- 9.6.14.3. Product Benchmarking
- 9.6.14.4. Strategic Initiatives
- 9.6.15. Hickory Group
- 9.6.15.1. Participant Overview
- 9.6.15.2. Financial Performance
- 9.6.15.3. Product Benchmarking
- 9.6.15.4. Strategic Initiatives
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