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Global Modular Construction Market: By Type: Permanent, Relocatable; By Material: Steel, Concrete, Wood, Plastic, Others; By Application: Commercial, Residential, Industrial and Institutional, Others; 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 is expected to grow at a CAGR of 6% in the forecast period of 2021-2026 to reach a value of approximately USD 178 billion by 2026. The market for modular construction is being driven by the growing demand from the emerging economies to expand infrastructure.

 

Growing Steel Industry to Bolster the Modular Construction Industry Growth

The most common material used in modular construction is steel. This is mainly attributed to its volume-strength ratio. Furthermore, the utility of steel exceeds that of other materials. These include attributes such as durability, weldability, flexibility and structural integrity, among others.  These contribute to reduction of repairs throughout the structure’s lifespan proving ideal as a material. With inherent robustness and ductility, steel gives the construction industry the freedom to achieve architectural visions. The thriving steel industry is fuelling the market growth of modular construction.

Further, the growing demand for steel fabrication owing to its sustainability and superior quality is aiding the growth of modular construction industry. Such characteristics accredit to speed of construction and value for money and thus, boosting the overall growth of the modular construction industry.

 

Modular Construction: Industry Definition and Segmentation

The term modular derives itself from prefabricated building that involves sections known as modules. These modules were introduced to make it easier and faster to build infrastructure as these segments were made in a location distant from the building site and then placed at the building site using cranes. Architects find this desirable due to its flexibility, ability to service to remote locations as well as contributing to low waste.

Based on type, the market is bifurcated into:

  • Permanent 
  • Re-locatable

On the basis of material, the market is divided into:

  • Steel
  • Concrete
  • Wood
  • Plastic
  • Others

By application, the market is categorized into:

  • Commercial
  • Residential 
  • Industrial and Institutional 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Infrastructure in Emerging Economies to Boost Modular Construction Market

Numerous African countries, Mongolia, and China, among others, are increasing their investments in infrastructure in order to urbanize, consequently boosting the market growth of modular construction. Commercial and residential sectors are dominating the modular construction industry with the increasing rate of adoption by more countries. Healthcare is projected to rapidly boost this market in the forecast period as governments and private institutions focus on enhancing their infrastructure and make their healthcare facilities cleaner, safer and more efficient. The increasing global population is elevating the market growth. Further, many government are providing their citizens with modernized buildings , which will facilitate rapid urbanisation and industrialisation in the country. This is expected to invigorate the market growth over the forecast period.

 

Key Industry Players in the Global Modular Construction Market

The report gives a detailed analysis of the following key players in the global modular construction market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ATCO Ltd.
  • Laing O’Rourke
  • KLEUSBERG GmbH & Co KG
  • Bechtel Corporation
  • Guerdon, LLC
  • Fluor Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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 Type
        8.4.1    Permanent
            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
            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)
        8.5.5    Others
    8.6    Global Modular Construction Market by Application
        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    Residential
            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    Industrial and Institutional
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    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    ATCO Ltd.
            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    Laing O'Rourke
            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    KLEUSBERG GmbH & Co KG
            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    Bechtel Corporation
            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    Guerdon, LLC
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Fluor Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    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 Type (USD Billion), 2016-2020
3.    Global Modular Construction Market Forecast: Breakup by Type (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 Application (USD Billion), 2016-2020
7.    Global Modular Construction Market Forecast: Breakup by Application (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

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