Modular Construction for High Rise Buildings Market Research Report – Forecast to 2027

Global Modular Construction for High Rise Buildings Market Research Report Information: Material (Steel) Building Height (Up to 70 Meters) Module Type (Bathroom Pods) – Forecast till 2027

ID: MRFR/CO/4736-CR | July, 2018 | Region : Global

Global modular construction for high rise buildings market is anticipated to exceed a projection of USD 4,734 million by 2023, as per a new detailed report by Market Research Future (MRFR). It is expected to showcase a 5.60% CAGR during the assessment period (2017-2023). The influx of capital from foreign direct investments (FDI) in the construction sector is the primary factor driving the market. Supportive government laws pertaining to the construction of high-rise buildings and development of special economic zones can open up opportunities for market players.


Modular construction comprises of components or elements which are pre-fabricated and later assembled at the construction site. These elements are suited for assembling single-family and multi-family houses. It provides leverage over metrics such as materials, security, and logistics and saves construction expenses. Software such as computer-aided design and building information modeling can assist in the design process and contribute its part in expediting the construction time.


Report Overview


This report allows the user to gain a deeper understanding of the ongoing events and trends in the global market for modular construction for high rise buildings. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the modular construction for high rise buildings market segmented by material, building height, module type, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.


Segment Overview


By material, the modular construction for high rise buildings market has been segmented into steel, wood, concrete, and plastic. The steel segment is expected to generate maximum revenue for the market till 2023 owing to higher preference of steel. By building height, the market is segmented into Up to 70 meters, 70-100 meters, 100-170 meters, and above 170 meters. The up to 70 meters segment accounted for 42.76% share and likely to continue its dominance during the forecast period. By module type, the market is segmented into kitchenettes, bathroom pods, and others. The bathroom pods segment is anticipated to generate maximum revenue for the market owing to the inclination towards a light-asset strategy of various construction companies. For instance, Oldcastle SurePods has designed bathroom pods for easy installation in dormitories, assisted living facilities, and projects in the commercial sector.


The segments and sub-segments covered in the report are analyzed under four major regions –Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “modular construction” is included in the report. The report discusses and interprets the current and future opportunities of the industry delivering an unbiased growth assessment.


Players Covered


Walker Modular, PUDA Industrial Co., Ltd., NeoPod Systems, Interpod Offsite, B&T Manufacturing, Elements Europe, The Pod Company (Speed House Group Company), Intelligent Offsite, Oldcastle Surepods, Eurocomponents Italia S.P.A., and others are noteworthy players in the modular construction for high rise buildings market. Vendors in the market are competing on quality, costs, and rapid aftermarket service.


The report offers comprehensive profiles on these market players and assesses their current standing in the modular construction for high rise buildings market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, M&A activities, and latest R&D initiatives are outlined in the report.


Research Methodology


Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.


Analysis Period



  • Base Year - 2016

  • Projection Period - From 2017 to 2023

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


Intended Audience



  • Service Providers

  • Real Estate Business

  • Policy Makers


For the scope of research, the report offers a comprehensive analysis of the global modular construction for high rise buildings market.


Material



  • Concrete

  • Steel

  • Plastic

  • Wood


Building Height



  • Up to 70 meters

  • 70-100 meters

  • 100-170 meters

  • Above 170 meters


Module Type



  • Bathroom Pods

  • Kitchenette

  • Residential


Region



  • Americas; the U.S., Canada, and Rest of Americas

  • Europe; Germany, Italy, France, the U.K., and Rest of Europe

  • Asia Pacific (APAC); Japan, China, India, and Rest of Asia Pacific

  • Middle East & Africa (MEA); Saudi Arabia, UAE, Qatar, Bahrain, and Rest of the Middle East

Modular Construction for High Rise Buildings Market: Summary


The global modular construction market for high rise buildings is expected to experience a moderate CAGR of 5.60% during the forecast period (2017-2023), as Market Research Future (MRFR) prognoses. Rapid urbanization and industrialization along with a growing concern regarding industrial waste have resulted in this shift in trend to modular constructions, and the market has responded well by catering to the demand.


The market’s openness to foreign direct investment (FDI) has instigated a flurry of investments. According to the United States Economic and Social Commission for Asia and Pacific (UNESCAP), the FDI investment was valued at USD 1.76 trillion in 2015 and had seen a 38% increase from 2014. The retail, along with real-estate, is also experiencing a push from FDI sectors amounting in high demand for modular constructions.    


Governments in emerging nations are introducing various reforms and regulations to propel the infrastructure and real estate market growth. For instance, the Indian government has announced plans for smart cities, rural housing fund and ‘House for All’ under National Housing Board (NHB), an initiative that has given rise to pre-fabricated constructions. Similarly, in China, the government has relaxed the lowest down payment ration boosting the construction market and demand for modular construction significantly.


However, fluctuating raw material prices can act as a major deterrent. The oscillating price of steel, a key component, often leaves builders dangling in mid-air over the investment and profit ratio, resulting in an unstable market.


Segmentation:


The modular construction market for high rise buildings market can be segmented by material, building height, module type, and region.


Material-wise segmentation consists of concrete, steel, plastic, and wood. Steel holds the preponderant share of the market; a whopping 31.12% in 2016. Steel speeds up the construction procedure by 50% and consequently has become the preferred material for builders across strata. The market for steel seems lucrative and can experience an impressive CAGR of 5.82% during the forecast period.


Based on building height, the market is segmented into up to 70 meters, 70-100 meters, 100-170 meters, 170 meters and above. The up to 70 meters segment accounted for the largest market share by dictating a stupendous 42.76% of the market and touted to lead in the foreseeable future with the fastest CAGR. The 70-100 meters segment is next in line with a recorded market size of USD 888.7 million in 2016.   


Modular-based segmentation includes bathroom pods, kitchenette, and others. Bathroom pods are accounted for the maximum market revenue. Kitchenettes are projected to grow with the fastest CAGR.


Regional Analysis:


Region-wise, the modular construction market for high rise buildings market is segmented into Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).


The APAC region, owing to an industrial boom, impressive urbanization, and large population base, is expected to create demand for modular constructions during the forecast period. China is leading the pack by relaxing tax norms and effectively implementing policies to further ensure the prospects of modular structures in the region. The region accounts for 16.23% of the global market and expects to exhibit a CAGR of 5.71% during the forecast period.


North America and Latin America jointly account for 29.42% of the global market share owing to its demand for modular components in high-rises.


Europe has a significant market owing to construction output. The region is currently witnessing an escalation in private housing, commercial, and infrastructure construction coupled with an increase in privately funded projects in education and the health sectors.


Competitive Scenario:


Some of the key players profiled in the report include Honeywell International, Inc., ABB Ltd., Emerson Electric Co., General Electric Co., Aspen Technology Inc., and others.


Growing environmental concerns have led to many prominent names to adopt these modular constructions as a part of their initiative to reduce the carbon footprint. Big names such as Google, McDonald's, and Yale University are acting like torchbearers, and the trend has turned into a coveted one for many burgeoning industries across the globe.

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope of the Study 17

2.3 List of Assumptions 18

2.4 Market Structure 18

2.5 Key Takeaways 19

2.6 Key Buying Criteria 19

3 Research Methodology

3.1 Research Process 21

3.2 Primary Research 22

3.3 Secondary Research 23

3.4 Market Size Estimation 23

3.5 Forecast Model 24

4 Market Dynamics

4.1 Introduction 26

4.2 Drivers 27

4.2.1 Increasing FDI in construction in Asia-Pacific region 27

4.2.2 Supportive Government Regulations and Policies 28

4.2.3 Establishment of SEZs 28

4.2.4 Minimized construction wastage 29

4.2.5 Drivers Impact Analysis 30

4.3 Restraints 31

4.3.1 Fluctuating raw material prices 31

4.3.2 Additional Cost 31

4.3.3 Availability of skilled labor 31

4.3.4 Restraints Impact Analysis 32

4.4 Opportunities 32

4.4.1 Multinationals adopting modular construction 32

4.4.2 Potential boom in the manufacturing sector in Asia Pacific 32

4.4.3 Energy Efficiency 33

4.4.4 Emerging Economies 33

5 Market Factor Analysis

5.1 Value Chain Analysis 35

5.1.1 Raw Material Supply 35

5.1.2 Manufacture 35

5.1.3 Design & Engineering 35

5.1.4 On-site Erection 35

5.1.5 Renovation 36

5.1.6 Demolition 36

5.2 Porter’s Five Forces Model 36

5.2.1 Threat of New Entrants 37

5.2.2 Bargaining Power of Suppliers 37

5.2.3 Bargaining Power of Buyers 37

5.2.4 Threat of Substitutes 37

5.2.5 Intensity of Rivalry 37

6 Global Modular Construction for High-rise Buildings Market, By Material

6.1 Overview 39

6.1.1 Concrete 39

6.1.2 Steel 39

6.1.3 Plastic 39

6.1.4 Wood 39

7 Global Modular Construction for High-rise Buildings Market, By Building Height

8 Global Modular Construction for High-rise Buildings Market, By Module Type

8.1 Overview 43

8.1.1 Bathroom pods 43

8.1.2 Kitchenettes 43

9 Global Modular Construction for High-rise Buildings Market, By Region

9.1 Introduction 45

9.2 Americas 45

9.2.1 U.S. 47

9.2.2 Canada 48

9.2.3 Rest of Americas 49

9.3 Europe 50

9.3.1 Germany 51

9.3.2 U.K 53

9.3.3 France 54

9.3.4 Italy 56

9.3.5 Rest of Europe 57

9.4 Asia Pacific 58

9.4.1 China 60

9.4.2 Japan 61

9.4.3 India 62

9.4.4 Rest of Asia Pacific 63

9.5 Middle East & Africa 64

9.5.1 Middle East 65

9.5.2 Africa 66

10 Competitive Landscape

10.1 Competitive Landscape 69

10.2 Market Share Analysis, by Country, 2020 70

10.2.1 Europe 70

10.2.1.1 U.K 70

10.2.1.2 Germany 71

10.2.1.3 Italy 71

10.2.1.4 France 72

10.2.2 Americas 72

10.2.2.1 U.S. 72

10.2.2.2 Canada 73

10.2.3 Asia Pacific 73

10.2.3.1 China 73

10.2.3.2 Japan 74

10.2.3.3 India 74

10.2.4 Middle East & Africa 75

11 Company Profiles

11.1 Oldcastle Surepods 77

11.1.1 Company Overview 77

11.1.2 Financial Overview 77

11.1.3 Geographical Revenue (%) 78

11.1.4 Products Offerings 78

11.1.5 Key Developments 78

11.1.6 SWOT Analysis 79

11.1.7 Key Strategy 79

11.2 Eurocomponents Italia S.P.A. 80

11.2.1 Company Overview 80

11.2.2 Financial Overview 80

11.2.3 Geographical Revenue (%) 80

11.2.4 Products Offerings 81

11.2.5 Key Developments 81

11.2.6 SWOT Analysis 81

11.2.7 Key Strategy 81

11.3 PIVOTek 82

11.3.1 Company Overview 82

11.3.2 Financial Overview 82

11.3.3 Geographical Revenue (%) 82

11.3.4 Products Offerings 82

11.3.5 Key Developments 82

11.3.6 SWOT Analysis 83

11.3.7 Key Strategy 83

11.4 NeoPod Systems 84

11.4.1 Company Overview 84

11.4.2 Financial Overview 84

11.4.3 Geographical Revenue (%) 84

11.4.4 Products Offerings 84

11.4.5 Key Developments 84

11.4.6 SWOT Analysis 85

11.4.7 Key Strategy 85

11.5 Interpod Offsite 86

11.5.1 Company Overview 86

11.5.2 Financial Overview 86

11.5.3 Geographical Revenue 86

11.5.4 Products Offerings 86

11.5.5 Key Developments 86

11.5.6 SWOT Analysis 86

11.5.7 Key Strategy 87


11.6 B&T Manufacturing 88

11.6.1 Company Overview 88

11.6.2 Financial Overview 88

11.6.3 Geographical Revenue 88

11.6.4 Products Offerings 88

11.6.5 Key Developments 88

11.6.6 SWOT Analysis 89

11.6.7 Key Strategy 89

11.7 Elements Europe 90

11.7.1 Company Overview 90

11.7.2 Financial Overview 90

11.7.3 Geographical Revenue 90

11.7.4 Products Offerings 90

11.7.5 Key Developments 91

11.7.6 SWOT Analysis 91

11.7.7 Key Strategy 91

11.8 Speed House Group Company 92

11.8.1 Company Overview 92

11.8.2 Financial Overview 92

11.8.3 Geographical Overview (%) 92

11.8.4 Products Offerings 92

11.8.5 SWOT Analysis 93

11.8.6 Key Strategy 93

11.9 Intelligent Offsite 94

11.9.1 Company Overview 94

11.9.2 Financial Overview 94

11.9.3 Geographical Overview (%) 94

11.9.4 Products Offerings 94

11.9.5 Key Developments 95

11.9.6 SWOT Analysis 95

11.9.7 Key Strategy 95

11.10 PUDA Industrial Co., Ltd. 96

11.10.1 Company Overview 96

11.10.2 Financial Overview 96

11.10.3 Geographical Overview (%) 96

11.10.4 Products Offerings 96

11.10.5 SWOT Analysis 97

11.10.6 Key Strategy 97

11.11 Walker Modular 98

11.11.1 Company Overview 98

11.11.2 Financial Overview 98

11.11.3 Geographical Overview (%) 98

11.11.4 Products Offerings 98

11.11.5 SWOT Analysis 99

11.11.6 Key Strategy 99

12 Conclusion

12.1 Key Findings 101

12.1.1 CEO’s Viewpoint 101

12.1.2 Key Companies to Watch 101

12.1.3 Prediction 101

13 Appendix

13.1 References 103

14 List of Tables

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 18

TABLE 3 SHARE OF TOP COUNTRIES ATTRACTING FDI EQUITY INFLOWS FOR CONSTRUCTION DEVELOPMENT,

2020-2027 (USD MILLION) 27

TABLE 4 INDIA: GOVERNMENT INVESTMENT IN SEZ 29

TABLE 5 GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 39

TABLE 6 GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 41

TABLE 7 GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 43

TABLE 8 GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 9 AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 45

TABLE 10 AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 46

TABLE 11 AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 46

TABLE 12 AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 46

TABLE 13 ANNUAL VALUE OF CONSTRUCTION, U.S., 2010-2020 (USD MILLION) 47

TABLE 14 U.S.: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 47

TABLE 15 U.S.: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 47

TABLE 16 U.S.: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 48

TABLE 17 CANADA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 48

TABLE 18 CANADA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 48

TABLE 19 CANADA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 49

TABLE 20 REST OF AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 49

TABLE 21 REST OF AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT,

2020-2027 (USD MILLION) 49

TABLE 22 REST OF AMERICAS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE,

2020-2027 (USD MILLION) 50

TABLE 23 EUROPE MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50

TABLE 24 EUROPE MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 50

TABLE 25 EUROPE MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 51

TABLE 26 EUROPE MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 51

TABLE 27 GERMANY: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 51

TABLE 28 GERMANY: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 52

TABLE 29 GERMANY: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 52

TABLE 30 U.K: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 53

TABLE 31 U.K: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 54

TABLE 32 U.K: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 54

TABLE 33 FRANCE: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 54

TABLE 34 FRANCE: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 55

TABLE 35 FRANCE: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 55

TABLE 36 ITALY: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 56

TABLE 37 ITALY: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 56

TABLE 38 ITALY: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 56

TABLE 39 REST OF EUROPE: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 57

TABLE 40 REST OF EUROPE: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT,

2020-2027 (USD MILLION) 57

TABLE 41 REST OF EUROPE: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE,

2020-2027 (USD MILLION) 57

TABLE 42 ASIA PACIFIC: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY REGION, 2020-2027 (USD MILLION) 58

TABLE 43 ASIA PACIFIC MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 58

TABLE 44 ASIA PACIFIC MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT,

2020-2027 (USD MILLION) 59

TABLE 45 ASIA PACIFIC MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 59

TABLE 46 CHINA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 60

TABLE 47 CHINA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 60

TABLE 48 CHINA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 60

TABLE 49 JAPAN: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 61

TABLE 50 JAPAN: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 61

TABLE 51 JAPAN: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 61

TABLE 52 INDIA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 62

TABLE 53 INDIA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 62

TABLE 54 INDIA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 62

TABLE 55 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL,

2020-2027 (USD MILLION) 63

TABLE 56 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT,

2020-2027 (USD MILLION) 63

TABLE 57 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE,

2020-2027 (USD MILLION) 63

TABLE 58 THE MIDDLE EAST & AFRICA MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY REGION,

2020-2027 (USD MILLION) 64

TABLE 59 THE MIDDLE EAST & AFRICA MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL,

2020-2027 (USD MILLION) 64

TABLE 60 THE MIDDLE EAST & AFRICA MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT,

2020-2027 (USD MILLION) 64

TABLE 61 THE MIDDLE EAST & AFRICA MODULAR CONSTRUCTION FOR HIGH-RISE BUILSINGS MARKET, BY MODULE TYPE,

2020-2027 (USD MILLION) 65

TABLE 62 MIDDLE EAST: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 65

TABLE 63 MIDDLE EAST: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT,

2020-2027 (USD MILLION) 65

TABLE 64 MIDDLE EAST: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 66

TABLE 65 AFRICA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 66

TABLE 66 AFRICA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY BUILDING HEIGHT, 2020-2027 (USD MILLION) 66

TABLE 67 AFRICA: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET, BY MODULE TYPE, 2020-2027 (USD MILLION) 67


15 List of Figures

FIGURE 1 GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET: MARKET STRUCTURE 18

FIGURE 2 KEY TAKEAWAYS OF THE MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET 19

FIGURE 3 KEY BUYING CRITERIA OF MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS 19

FIGURE 4 RESEARCH PROCESS OF MRFR 21

FIGURE 5 TOP DOWN & BOTTOM UP APPROACH 24

FIGURE 6 DROC ANALYSIS OF GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET 26

FIGURE 7 FDI INFLOWS, ASIA-PACIFIC, 2020-2027 (USD BILLION) 28

FIGURE 8 DRIVERS IMPACT ANALYSIS: GLOBAL MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET 30

FIGURE 9 GLOBAL HISTORIC AND FORECASTED STEEL PRICES, 2010-2019 (USD/TONNE) 31

FIGURE 10 RESTRAINTS IMPACT ANALYSIS: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET 32

FIGURE 11 VALUE CHAIN: MODULAR CONSTRUCTION FOR HIGH-RISE BUILDINGS MARKET 35

FIGURE 13 VALUE OF CONSTRUCTION IN GREAT BRITAIN, 2020-2027 (USD MILLION) 53

FIGURE 14 FDI INFLOWS, ASIA-PACIFIC, 2020-2027 (USD BILLION) 58

FIGURE 15 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL MODULAR CONSTRUCTION IN HIGH-RISE BUILDINGS

MARKET, 2020-2027, (%) 69

FIGURE 16 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 70

FIGURE 17 U.K: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 70

FIGURE 18 GERMANY: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 71

FIGURE 19 ITALY: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 71

FIGURE 20 FRANCE MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 72

FIGURE 21 U.S.: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 72

FIGURE 22 CANADA: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 73

FIGURE 23 CHINA: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 73

FIGURE 24 JAPAN: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 74

FIGURE 25 INDIA: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 74

FIGURE 26 MIDDLE EAST & AFRICA: MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (%) 75

FIGURE 27 OLDCASTLE SUREPODS: GEOGRAPHICAL REVENUE (2020) 78

FIGURE 28 EUROCOMPONENTS SPA: GEOGRAPHICAL REVENUE (2020) 80

FIGURE 29 PIVOTEK : GEOGRAPHICAL REVENUE (2020) 82

FIGURE 30 NEOPOD SYSTEMS: GEOGRAPHICAL REVENUE (2020) 84

FIGURE 31 SPEED HOUSE: GEOGRAPHICAL REVENUE (2020) 92

FIGURE 32 INTELLIGENT OFFSITE : GEOGRAPHICAL REVENUE (2020) 94

FIGURE 33 PUDA INDUSTRIAL CO., LTD.: GEOGRAPHICAL REVENUE (2020) 96

FIGURE 34 WALKER MODULAR: GEOGRAPHICAL REVENUE (2020) 98

Modular Construction High Rise Buildings Market

Global Modular Construction for High Rise Building Market: Competitive Landscape


The global modular construction for high-rise buildings market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality services, to survive and succeed in an intensely competitive market environment.


In 2017, Oldcastle SurePods was one of the leading players in the market. The company is engaged in designing and installing custom, ready-to-install bathroom pods for hotels and multi-unit residential projects and supports commercial projects in the hospitality, multi-family apartments, dormitories, and assisted living markets. The company has historically targeted growth across all business divisions in both developed and emerging regions, making strategic bolt-on acquisitions each year. After a brief break from acquisitions after the financial crisis, CRH has resumed making acquisitions, making its biggest deal yet in 2015 after purchasing cement facilities from rivals Lafarge and Holcim to boost its production capacity and geographic reach.


Speed House Group Company, held the second position regarding market share, in 2017. Speed House is a diversified Group, involved in Manufacturing and contracting activities for prefabricated buildings and manufacturing bathroom pods as well as kitchen pods. The company is also dealing with the offsite construction of lightweight steel houses, production of GRC as well as building material supply for the UAE market. The company focusses on leveraging its investments, technical expertise, and resources to gain a strong market position. The company sees its key strategy as focusing on expanding its manufacturing capabilities to enhance efficiency and identifying new paths to enhance performance and generate revenue through diversified sectors, geographies, products and by contract.


Walker Modular acquired the third spot in the market. Walker Modular is Europe’s Leading designer, manufacturer and primary supplier, engaged inbuilt bathroom pods to suit all environments. Walker Modular has supplied more than 150,000 bathroom pods and specializing in the unique Marine Grade Composite bathroom pod that provides a single one-piece structure. The company sees its key strategy as investing in research and product development. It has been able to expand its prefabricated construction capabilities and come up with prefabricated structures to cater to the changing requirements of construction industry.


PUDA Industrial Co., Ltd is one of the most competitive players in this market. PUDA is the largest manufacturer and the top brand of prefabricated bathroom pod in Taiwan. The company has specialized in the customized bathroom pod by using advanced manufacturing technology, unique R&D planning, leading-edge design and assembly techniques, to lead the way in the production of high volumetric customized prefabricated bathroom solutions. The company believes in strengthening its presence in Taiwan. It has taken up many projects across commercial, industrial, and residential construction applications in Taiwan suiting the Indian construction scenario. This further has enabled them to create a brand identity for themselves in the country.


Elements Europe stood at the 5th position in the global modular construction for high rise building market. Elements Europe is an established market leader in modern methods of construction and engaged in providing clients with the modular construction, traditional construction, manufacturing and property development by being a part of The Pickstock Group of companies. The company delivers building systems such as room modules, bathroom pods, and light steel frame facades and structures, and steel fabrications to the construction industry.


The global modular construction for high rise building market is characterized by the presence of global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to provide cost-efficient and high-quality product and services, to survive and succeed in an intensely competitive market environment.