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Global Modular Construction Market: By Construction: Permanent Modular, Relocatable Modular; By Material: Steel, Concrete, Wood, Plastic; By End Use: Commercial, Industrial/Institutional, Residential; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Modular Construction Market Outlook

The global modular construction market attained a value of about USD 44.5 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 12.4% to reach nearly USD 89.7 billion by 2026.

 

Global Modular Construction Market

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Rising Demand for Modular Construction to Eliminate On-Site Constraints Boosting the Market Growth

The rising demand for alternative construction systems owing to the surging construction costs of green buildings is propelling the market growth.  The increasing demand for modular construction that is manufactured in controlled conditions while eliminating on-site constraints, such as extreme weather conditions, is also augmenting the growth of the modular construction industry. Moreover, modular construction is ideal for construction projects with deadlines, due to which it is increasingly employed in contractual construction projects, which is aiding the market growth. The robust growth of the commercial sector is increasing the construction of commercial buildings such as schools, offices, and hotels, among others. This, in turn, is surging the demand for modular construction of repetitive structures, manufactured with quality control, therefore fuelling the market growth.

The Asia Pacific region is witnessing robust growth due to the growing construction industry in the region. As countries like India, China, and Indonesia, among others, are some of the largest outsourcing and manufacturing hubs, the construction of commercial buildings is rapidly increasing. This, in turn, is increasing the demand for modular construction, therefore invigorating the market growth. Furthermore, increasing international investments in the construction sector in the region are positively impacting the market growth. The rising demand for sustainable buildings owing to surging environmental consciousness and the alarming pollution rate in the region is escalating the deployment of modular construction, hence significantly contributing to the overall market growth.

 

Modular Construction: Industry Definition and Segmentation

Modular construction refers to a process that involves the construction of various modules at controlled off-site manufacturing facilities by using assembly-line production methods. It can be easily installed on the site to depict the design and specifications of the building while escalating the construction process. Modular construction generates less amount of waste, reduces manual labour, enhances cost-effectiveness, and prevents on-site accidents, due to which it is increasingly deployed.

 

Global Modular Construction Market By Material

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The major constructions of modular construction are:

  • Permanent Modular
  • Relocatable Modular

The market can be broadly categorised on the basis of its materials into:

  • Steel
  • Concrete
  • Wood
  • Plastic

Based on end uses, the market is divided into:

  • Commercial
  • Industrial/Institutional
  • Residential

The EMR report looks into the regional markets of modular construction like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Modular Construction Market By Region

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Technological Advancements to Bolster the Modular Construction Industry

As technological advancements are transforming the construction industry, the latest technologies such as robotics and artificial intelligence (AI), among others, are increasingly integrated in to modular construction. The growing demand for automation of monotonous and repetitive tasks in the manufacturing of modular construction is increasing the use of robotics. This trend is expected to continue with the advent of Industry 4.0 and is anticipated to bolster the market growth in the forecast period. In addition, the use of technology to connect building information, computational design, and modelling tools to improve the supply chain and logistics of modular construction is providing further impetus to the growth of the modular construction industry.

The rising demand for permanent modular construction to increase the cost-effectiveness of construction projects is driving the market growth. The growing labour costs in the construction industry is also surging the deployment of modular construction as it requires less amount of manual work. Moreover, the robust growth of the housing industry, with the prices skyrocketing in countries, such as Canada and the United States, is escalating the use of modular construction to accelerate the construction of residential buildings. In addition, the use of modular construction to customise designs in accordance with one’s demands is projected to propel the industry growth.

 

Key Industry Players in the Global Modular Construction Market

The report presents a detailed analysis of the following key players in the global modular construction market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Bouygues Construction
  • Balfour Beatty plc
  • Larsen & Turbo (L&T) Limited 
  • JL Construction
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Construction, Material, End Use, Region
Breakup by Construction Permanent Modular, Relocatable Modular
Breakup by Material Steel, Concrete, Wood, Plastic
Breakup by End Use Commercial, Industrial/Institutional, Residential
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Bouygues Construction, Balfour Beatty plc, Larsen & Turbo (L&T) Limited, JL Construction, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Modular Construction Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Modular Construction Historical Market (2016-2020) 
    8.3    Global Modular Construction Market Forecast (2021-2026)
    8.4    Global Modular Construction Market by Construction
        8.4.1    Permanent Modular
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Relocatable Modular
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Modular Construction Market by Material
        8.5.1    Steel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Concrete
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Wood
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Plastic
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
    8.6    Global Modular Construction Market by End Use
        8.6.1    Commercial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Industrial/Institutional 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Residential 
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Modular Construction Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Bouygues Construction
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Balfour Beatty plc
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Larsen & Turbo (L&T) Limited 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    JL Construction
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Modular Construction Market: Key Industry Highlights, 2016 and 2026
2.    Global Modular Construction Historical Market: Breakup by Construction (USD Billion), 2016-2020
3.    Global Modular Construction Market Forecast: Breakup by Construction (USD Billion), 2021-2026
4.    Global Modular Construction Historical Market: Breakup by Material (USD Billion), 2016-2020
5.    Global Modular Construction Market Forecast: Breakup by Material (USD Billion), 2021-2026
6.    Global Modular Construction Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Modular Construction Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Modular Construction Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Modular Construction Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Modular Construction Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Modular Construction Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Modular Construction Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Modular Construction Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Modular Construction Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Modular Construction Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Modular Construction Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Modular Construction Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Modular Construction Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Modular Construction Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Modular Construction Market Structure

Key Questions Answered in the Report

In 2020, the global modular construction market attained a value of nearly USD 44.5 billion.

The market is projected to grow at a CAGR of 12.4% between 2021 and 2026.

The market is estimated to witness healthy growth in the forecast period of 2021-2026 to reach about USD 89.7 billion by 2026.

The market is being aided by the rising demand for alternative construction systems and the robust growth of the commercial sector.

The industry is expected to be driven by technological advancements, the rising demand for permanent modular construction, and the robust growth of the housing industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major constructions of modular construction in the industry are permanent modular and relocatable modular.

The significant materials in the market are steel, concrete, wood, and plastic.

The various end uses of modular construction are commercial, industrial/institutional, and residential.

The major players in the industry are Bouygues Construction, Balfour Beatty plc, Larsen & Turbo (L&T) Limited, and JL Construction, among others.

Analyst Review

The global modular construction market attained a value of nearly USD 44.5 billion in 2020, driven by the rising demand for alternative construction systems. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12.4%. The market is projected to reach about USD 89.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its constructions, the modular construction industry can be bifurcated into permanent modular and relocatable modular. On the basis of materials, the industry is divided into steel, concrete, wood, and plastic. By end uses, the market is categorised into commercial, industrial/institutional, and residential. The major regional markets for modular construction are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bouygues Construction, Balfour Beatty plc, Larsen & Turbo (L&T) Limited, and JL Construction, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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