Global Modular Construction Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Modular Construction market:
The latest research study on the global Modular Construction market finds that the global Modular Construction market reached a value of USD 104293.9 million in 2022. It’s expected that the market will achieve USD 140083.56 million by 2028, exhibiting a CAGR of 5.04% during the forecast period.

Modular construction is a process in which a building is constructed off-site, under controlled plant conditions, using the same materials and designing to the same codes and standards as conventionally built facilities in about half the time. These buildings are made in modules or small parts, which are transported to the construction site and assembled. Modular construction is becoming more popular mainly due to its quick completion, cost-effectiveness,and efficiency.

Modular Construction Market Drivers
Modular Construction can shorten the construction time. Manufacturers build modules in indoor facilities that are not affected by the weather. At the same time, dismantling, excavation and foundation construction can be carried out on site. This can translate into shorter delivery times, more savings, faster occupancy and faster return on investment.

Modular Construction can control costs. Modular Construction's construction efficiency and ability to control costs, labor, schedule and delivery are stronger, which means that compared with traditional on-site construction, builders can control costs by using modular construction.

Modular Construction is manufactured in a controlled environment and contributes to quality control. Permanent modular buildings need to meet the same building codes and requirements as on-site structures. The modules are manufactured in climate control facilities to protect materials from destructive weather conditions. Precision manufacturing equipment and software, coupled with continuous supervision of the production process, help ensure consistent product quality.

Modular Construction makes the workforce optimized and safe. Construction projects are labor-intensive, and the industry faces ongoing challenges in attracting enough skilled workers. The labor shortage is a long-term problem that will increase the time and cost of many projects. Modular construction helps to optimize the workforce of the project. Fewer work activities and workers are required on- site, while in the factory, the use of assembly- line methods and techniques simplifies the process and increases worker productivity. Since the prefabrication is carried out in a quality control factory equipped with professional equipment, it can be considered a safer working environment than on-site construction, and there are fewer labor injuries.

Region Overview:
Asia-Pacific had the highest growth rate of all regions.

Company Overview:
The top three companies are Clayton Homes Inc., Laing O-Rourke and Bouygues Construction with the revenue market share of 3.40%, 1.95% and 1.47% in 2020.

Clayton Homes Inc.
Clayton Homes (or Clayton) is the largest builder of prefab and modular houses in the United States. Clayton now builds and sells traditional site-built homes and off-site built homes-including manufactured homes, modular homes, CrossMod™ homes, Designer Cottages and PMRVs.

Laing O-Rourke
Laing O'rourke PLC. provides construction services. The Company designs and constructs commercial and industrial properties, road, rail systems, airfields, and marine support facilities.

Segmentation Overview:
By type, Permanent segment accounted for the largest share of market in 2021.

Application Overview:
By application, the Residential segment occupied the biggest share from 2017 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Modular Construction market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Modular Construction market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Modular Construction and its sub-markets in an intuitive way.

Key Companies in the global Modular Construction market covered in Chapter 3:
Clayton Homes Inc.
Champion Home Builders
Skanska AB
Danwood
Sekisui House
Premier Interlink
Bouygues Construction
WeberHaus
Laing O-Rourke
Red Sea Housing
Nordic Modular Group
Deutsche Fertighaus Holding
Cavco Industries, Inc.
JL Modular Inc.
KLEUSBERG GmbH & Co. KG

In Chapter 4 and Chapter 14.2, on the basis of types, the Modular Construction market from 2018 to 2029 is primarily split into:
Permanent
Relocatable

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Modular Construction market from 2018 to 2029 covers:
Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Modular Construction market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

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