Modular Construction Market Research Report - Forecast to 2030

Modular Construction Market Information Report, by Material (Concrete, Steel, Plastic, Wood and Other), by Construction (Permanent Modular, and Relocatable Modular), by Product (Walls, Roofs & Floor, Columns & Beams and Others), By Application (Residential, Commercial, Industrial) and By Region - Global Forecast to 2030

ID: MRFR/CO/1150-CR | October 2020 | Region: Global | 146 Pages         

1 Executive Summary

2 Introduction

2.1 Definition 15

2.2 Scope of the Study 15

2.3 Assumptions 15

2.4 Market Structure 16

3 Research Methodology

3.1 Research Process 17

3.2 Primary Research 18

3.3 Secondary Research 18

3.4 Market Size Estimation 18

3.5 Forecast Model 20

4 Market Dynamics

4.1 Drivers 21

4.1.1 Increasing FDI in construction in Asia-Pacific region 21

4.1.2 Rise of Pop Ups 22

4.1.3 Supportive Government Regulations And Policies 23

4.2 Restraints and Challenges 23

4.2.1 Lack of Awareness 23

4.2.2 Cost 23

4.2.3 Mobility 23

4.3 Opportunities 23

4.3.1 Energy Efficiency 23

4.3.2 Multinationals Adopting Modular Construction 24

4.3.3 Emerging Economies 24

5 Market Factor Analysis

5.1 Porter's Five Forces Analysis 25

5.1.1 Threat of New Entrants 26

5.1.2 Bargaining Power of Suppliers 26

5.1.3 Bargaining Power of Buyers 26

5.1.4 Threat of Substitutes 26

5.1.5 Rivalry 26

5.2 Value Chain Analysis 27

6 Global Modular Construction Market, By Material

6.1 Overview 29

6.1.1 Concrete 29

6.1.2 Steel 29

6.1.3 Plastic 29

6.1.4 Wood 29

7 Global Modular Construction Market, By Construction

7.1 Overview 33

7.1.1 Permanent Modular 33

7.1.2 Relocatable Modular 33

8 Global Modular Construction Market, By Product

8.1 Overview 36

8.1.1 Walls 36

8.1.2 Roof & Floors 36

8.1.3 Columns & Beams 36

9 Global Modular Construction Market, By Application

9.1 Overview 40

9.1.1 Residential 40

9.1.2 Commercial 40

9.1.3 Industrial 40

10 Global Modular Construction Market, By Region

10.1 Introduction 44

10.2 North America 46

10.2.1 U.S. 51

10.2.2 Canada 53

10.2.3 Mexico 55

10.3 Europe 58

10.3.1 Germany 63

10.3.2 U.K. 65

10.3.3 France 67

10.3.4 Spain 70

10.3.5 Italy 73

10.3.6 Rest of Europe 76

10.4 Asia-Pacific 78

10.4.1 China 84

10.4.2 Japan 86

10.4.3 India 88

10.4.4 Rest of Asia-Pacific 90

10.5 Rest of the World 92

10.5.1 Middle East 97

10.5.2 South America 99

10.5.3 Africa 102

11 Competitive Scenario

11.1 Competitive Landscape 104

11.2 Global Modular Construction Market Share Analysis 105

12 Company Profiles

12.1 KOMATSU LTD. 106

12.1.1 Company overview 106

12.1.2 Financial Overview 106

12.1.3 Product/ Service Offering 107

12.1.4 Strategy 107

12.1.5 Key Developments 108

12.1.6 SWOT Analysis 108

12.2 ACS ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS S.A. 109

12.2.1 Company Overview 109

12.2.2 Financial Overview 109

12.2.3 Recent Projects 110

12.2.4 Strategy 111

12.2.5 Key Development 111

12.2.6 SWOT Analysis 113

12.3 BALFOUR BEATTY PLC 114

12.3.1 Company Overview 114

12.3.2 Financial Overview 114

12.3.3 Recent Projects 115

12.3.4 Strategy 118

12.3.5 Key Developments 119

12.3.6 SWOT Analysis 119

12.4 SKANSKA AB 120

12.4.1 Company Overview 120

12.4.2 Financial Overview 120

12.4.3 Recent Projects 121

12.4.4 Strategy 124

12.4.5 Key Development 124

12.4.6 SWOT Analysis 125

12.5 LARSEN & TOUBRO LIMITED 126

12.5.1 Company Overview 126

12.5.2 Financial Overview 126

12.5.3 Recent Projects 127

12.5.4 Strategy 128

12.5.5 Key Developments 129

12.5.6 SWOT Analysis 130

12.6 KIEWIT CORPORATION 132

12.6.1 Company Overview 132

12.6.2 Financial Overview 132

12.6.3 Recent Projects 132

12.6.4 Strategy 134

12.7 TAISEI CORPORATION 135

12.7.1 Company Overview 135

12.7.2 Financial Overview 135

12.7.3 Recent Projects 136

12.7.4 Strategy 138

12.7.5 Key Developments 138

12.8 BOUYGUES CONSTRUCTION 139

12.8.1 Company Overview 139

12.8.2 Financial Overview 139

12.8.3 Recent Projects 140

12.8.4 Strategy 142

12.8.5 Key Development 142

12.9 RED SEA HOUSING SERVICES 143

12.9.1 Company Overview 143

12.9.2 Financial Overview 143

12.9.3 Recent Projects 144

12.9.4 Strategy 145

12.9.5 Key Developments 145

12.10 SYSTEM HOUSE R & C CO., LTD 146

12.10.1 Company Overview 146

12.10.2 Financial Overview 146

12.10.3 Key Developments 146

13 List of Tables

TABLE 1 SHARE OF TOP FIVE COUNTRIES ATTRACTING FDI EQUITY INFLOWS FOR CONSTRUCTION DEVELOPMENT, 2000-2015 (USD MILLION) 21

TABLE 2 GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 31

TABLE 3 GLOBAL MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 34

TABLE 4 GLOBAL MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 38

TABLE 5 GLOBAL MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 42

TABLE 6 GLOBAL MODULAR CONSTRUCTION MARKET, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 7 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 46

TABLE 8 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 47

TABLE 9 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 48

TABLE 10 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 49

TABLE 11 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 50

TABLE 12 ANNUAL VALUE OF CONSTRUCTION, 2011-2020 (USD MILLION) 51

TABLE 13 U.S.: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 51

TABLE 14 U.S.: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 52

TABLE 15 U.S.: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 52

TABLE 16 U.S.: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53

TABLE 17 CANADA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 53

TABLE 18 CANADA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 53

TABLE 19 CANADA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 54

TABLE 20 CANADA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 55

TABLE 21 MEXICO: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 56

TABLE 22 MEXICO: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 56

TABLE 23 MEXICO: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 57

TABLE 24 MEXICO: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57

TABLE 25 EUROPE: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 58

TABLE 26 EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 59

TABLE 27 EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY CONSTRUCTION, 2020-2027 (USD MILLION) 60

TABLE 28 EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY PRODUCT, 2020-2027 (USD MILLION) 61

TABLE 29 EUROPE: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 62

TABLE 30 GERMANY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 63

TABLE 31 GERMANY: MODULAR CONSTRUCTION MARKET SIZE, BY CONSTRUCTION, 2020-2027 (USD MILLION) 63

TABLE 32 GERMANY: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 63

TABLE 33 GERMANY: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64

TABLE 34 VALUE OF CONSTRUCTION IN GREAT BRITAIN, 2010-2015 (USD MILLION) 65

TABLE 35 U.K.: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 65

TABLE 36 UK: MODULAR CONSTRUCTION MARKET SIZE, BY CONSTRUCTION, 2020-2027 (USD MILLION) 66

TABLE 37 U.K.: MODULAR CONSTRUCTION MARKET SIZE, BY PRODUCT, 2020-2027 (USD MILLION) 66

TABLE 38 U.K.: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 67

TABLE 39 FRANCE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 67

TABLE 40 FRANCE: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 68

TABLE 41 FRANCE: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 68

TABLE 42 FRANCE: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69

TABLE 43 SPAIN: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 70

TABLE 44 SPAIN: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 71

TABLE 45 SPAIN: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 71

TABLE 46 SPAIN: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 72

TABLE 47 ITALY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 73

TABLE 48 ITALY: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 74

TABLE 49 ITALY: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 74

TABLE 50 ITALY: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 75

TABLE 51 REST OF EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 76

TABLE 52 REST OF EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY CONSTRUCTION, 2020-2027 (USD MILLION) 76

TABLE 53 REST OF EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY PRODUCT, 2020-2027 (USD MILLION) 77

TABLE 54 REST OF EUROPE: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 77

TABLE 55 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 79

TABLE 56 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 80

TABLE 57 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 81

TABLE 58 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 82

TABLE 59 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 82

TABLE 60 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 83

TABLE 61 CHINA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 84

TABLE 62 CHINA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 84

TABLE 63 CHINA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 84

TABLE 64 CHINA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 85

TABLE 65 JAPAN: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 86

TABLE 66 JAPAN: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 86

TABLE 67 JAPAN: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 87

TABLE 68 JAPAN: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 87

TABLE 69 INDIA MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 88

TABLE 70 INDIA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 88

TABLE 71 INDIA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 89

TABLE 72 INDIA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 89

TABLE 73 REST OF ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 90

TABLE 74 REST OF ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 90

TABLE 75 REST OF ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 91

TABLE 76 REST OF ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 91

TABLE 77 ROW: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 92

TABLE 78 ROW: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 93

TABLE 79 ROW: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 94

TABLE 80 ROW: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 95

TABLE 81 ROW: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 96

TABLE 82 MIDDLE EAST: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 97

TABLE 83 MIDDLE EAST: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 97

TABLE 84 MIDDLE EAST: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 97

TABLE 85 MIDDLE EAST: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 98

TABLE 86 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 99

TABLE 87 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 100

TABLE 88 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 100

TABLE 89 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 101

TABLE 90 AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 102

TABLE 91 AFRICA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 102

TABLE 92 AFRICA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 102

TABLE 93 AFRICA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 103

TABLE 94 ACS GROUP: KEY DEVELOPMENT, 2020-2027. 111

TABLE 95 SKANSKA AB: KEY DEVELOPMENTS, 2020. 124

TABLE 96 TAISEI CORPORATION: KEY DEVELOPMENTS, 2020. 138

TABLE 97 RED SEA HOUSING SERVICES: GEOGRAPHIC REVENUE MIX, 2020 (%) 144

TABLE 98 RED SEA HOUSING SERVICES: KEY DEVELOPMENTS, 2020-2027. 145

TABLE 99 SYSTEM HOUSE R & C CO. LTD: KEY DEVELOPMENTS, 2020-2027. 146

14 List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 17

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19

FIGURE 3 FDI INFLOWS, ASIA-PACIFIC, 2010-2015 (USD BILLION) 22

FIGURE 4 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL MODULAR CONSTRUCTION MARKET 25

FIGURE 5 VALUE CHAIN ANALYSIS OF GLOBAL MODULAR CONSTRUCTION MARKET 27

FIGURE 6 GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020 (% SHARE) 30

FIGURE 7 GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2015 - 2023 (USD MILLION) 31

FIGURE 8 GLOBAL MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020 (IN %) 33

FIGURE 9 GLOBAL MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2015 - 2023 (USD MILLION) 34

FIGURE 10 GLOBAL MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020 (% SHARE) 37

FIGURE 11 GLOBAL MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2015 - 2023 (USD MILLION) 37

FIGURE 12 GLOBAL MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020 (% SHARE) 41

FIGURE 13 GLOBAL MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2015 - 2023 (USD MILLION) 41

FIGURE 14 GLOBAL MODULAR CONSTRUCTION MARKET SHARE, BY REGION, 2020 (% SHARE) 44

FIGURE 15 GLOBAL MODULAR CONSTRUCTION MARKET, BY REGION, 2020-2027 (USD MILLION) 44

FIGURE 16 NORTH AMERICA: MODULAR CONSTRUCTION MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 46

FIGURE 17 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 47

FIGURE 18 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 48

FIGURE 19 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 49

FIGURE 20 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 50

FIGURE 21 EUROPE: MODULAR CONSTRUCTION MARKET, BY REGION, 2020 (% SHARE) 58

FIGURE 22 EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 58

FIGURE 23 EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY CONSTRUCTION, 2020-2027 (USD MILLION) 60

FIGURE 24 EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY PRODUCT, 2020-2027 (USD MILLION) 61

FIGURE 25 EUROPE: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 62

FIGURE 26 FDI INFLOWS, ASIA-PACIFIC, 2010-2015 (USD BILLION) 78

FIGURE 27 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 78

FIGURE 28 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 79

FIGURE 29 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 80

FIGURE 30 ASIA-PACIFIC: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 81

FIGURE 31 ROW: MODULAR CONSTRUCTION MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 92

FIGURE 32 ROW: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2020-2027 (USD MILLION) 93

FIGURE 33 ROW: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2020-2027 (USD MILLION) 94

FIGURE 34 ROW: MODULAR CONSTRUCTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 95

FIGURE 35 ROW: MODULAR CONSTRUCTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 96

FIGURE 36 GROWTH STRATEGIES, BY KEY PLAYERS IN GLOBAL MODULAR CONTRUCTION MARKET, 2020, (IN %) 104

FIGURE 37 GLOBAL MODULAR CONSTRUCTION MARKET SHARE ANALYSIS, (% SHARE) 105

FIGURE 38 KOMATSU LTD.: TOTAL REVENUE VS SEGMENTAL REVENUE, (USD MILLION) 106

FIGURE 39 KOMATSU LTD: CONSTRUCTION, MINING AND UTILITY EQUIPMENT REVENUE BY REGION, 2020 (%) 107

FIGURE 40 KOMATSU LTD.: KEY DEVELOPMENTS, 2020-2027, (%) 108

FIGURE 41 KOMATSU LTD.: SWOT ANALYSIS 108

FIGURE 42 ACS GROUP : TOTAL REVENUE VS SEGMENTAL REVENUE, (USD MILLION) 109

FIGURE 43 ACS GROUP: GEOGRAPHIC REVENUE MIX, 2020, (%) 110

FIGURE 44 ACS GROUP: SWOT ANALYSIS 113

FIGURE 45 BALFOUR BEATTY PLC: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 114

FIGURE 46 BALFOUR BEATTY PLC: GEOGRAPHIC REVENUE MIX, 2020 (%) 115

FIGURE 47 BALFOUR BEATTY PLC: KEY DEVELOPMENTS, 2020-2027. (%) 119

FIGURE 48 BALFOUR BEATTY PLC: SWOT ANALYSIS 119

FIGURE 49 SKANSKA AB: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 120

FIGURE 50 SKANSKA AB: GEOGRAPHIC REVENUE MIX, 2020 (%) 121

FIGURE 51 SKANSKA AB: SWOT ANALYSIS 125

FIGURE 52 LARSEN & TOUBRO LIMITED: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 126

FIGURE 53 LARSEN & TOUBRO LIMITED: GEOGRAPHIC REVENUE MIX, 2020 (%) 127

FIGURE 54 L&T: KEY DEVELOPMENTS, 2020. 129

FIGURE 55 L&T: SWOT ANALYSIS 130

FIGURE 56 TAISEI CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 135

FIGURE 57 BOUYGUES GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 139

FIGURE 58 BOUYGUES GROUP: GEOGRAPHIC REVENUE MIX, 2020 (%) 140

FIGURE 59 BOUYGUES GROUP: KEY DEVELOPMENTS, 2020-2027, (%) 142

FIGURE 60 RED SEA HOUSING SERVICES: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 143

Modular Construction Market

Modular construction market by 2030 should be worth USD 143 Billion and can capture a 6.55% CAGR between 2022 and 2030

Segmentation

By Material Concrete Steel Plastic Wood Other
By Construction Permanent Modular Relocatable Modular
By Products Walls Roofs & Floor Columns & Beams Others

Key Players

  • Lendlease corporation
  • Guerdon modular budiling
  • Laing O’Rourke
  • Katerra
  • Red Sea Housing
  • Bechtel Corporation
  • Kleusberg

Drivers

  • rising industrialization and urbanization are raising the requirement for construction
Speak to Analyst Request a Free Sample

Modular Construction Market Overview


Modular construction market by 2030 should be worth USD 143 Billion and can capture a 6.55% CAGR between 2022 and 2030, reveals Market Research Future (MRFR).


Modular construction helps build temporary or permanent facilities including classrooms, military housing, construction camps, industrial facilities, and classrooms. Additionally, modular buildings and houses are extensively used in remote locations where traditional construction activities are not possible. Modular construction further has key applications in churches, healthcare facilities, commercial offices, and fast-food restaurants. On top of this, it has been gaining popularity worldwide thanks to its benefits including the ability to function in remote locations, eco-friendly construction process, low waste generation, high quality, high market acceptance, and enhanced flexibility.


Studies have confirmed that modular construction is responsible for around 30 to 50% of the total time savings compared to its traditional counterpart. The global market will enjoy a renewed interest from the construction and building industry in the years ahead, thanks to the surging emphasis on efficiency, workplace safety, and productivity. The focus is also on bringing down the cost and time associated with building activities. The European market for modular construction has been performing exceedingly well owing to the significant adoption rate. massive investments in the development of residential housing and a renewed interest in improving the healthcare infrastructure in Europe will further elevate the market growth rate over the review period.


However, lower awareness levels and shortage of funds for building modular construction can be a huge restrain for the worldwide market. Additionally, the economic slowdown following the COVID-19 outbreak in major markets including China, the U.S., and the U.K. can be a key barrier to business growth.


Opportunities


The soaring popularity of the lean manufacturing technique offers plenty of significant opportunities. The adoption of such techniques can give rise to durable and permanent modular buildings. Moreover, these construction techniques offer profitability and various benefits to the vendors. Research and development activities could be another strong factor providing several business opportunities. There are a host of latest techniques in modular construction that can be derived via extensive research and with the rising investments in R&D, the market position is touted to touch new heights in the years to follow.


Covid analysis 


The covid 19 has caused plenty of economic damages. Construction is a labour-intensive industry. However, the global lockdown and restrictions have put a stop to the construction work. The workers are not able to reach the construction sites. Also, there are plenty of stringent rules to carry thee construction works during this time. All these factors are causing several challenges in the modular construction market. The outbreak of covid 19 has caused uncertainty of work and volatility in the market. The trading prices and stocks of the construction market are facing several losses. All these factors have caused a decline in the construction of modular buildings. However, the Modular Construction Industry Outlook will resume back to normal post covid 19. 


Regional analysis 


The regional modular construction share is fragmented into Asia Pacific, Europe and North America. Asia pacific will lead with maximum Share. The rising construction work in the commercial sector is responsible for massive growth. Also, governmental initiatives promote eco field building construction. All these factors keep the Asia pacific modular construction industry at the top. North America is the second-largest modular construction industry. The requirement of high-end construction projects is a reason for the adoption of modular construction.


Also, the requirement of modular construction in the IT and telecommunication field is another crucial market driver. Constructing a building with a superstructure is possible with the modular concept in the US. Also, the investment rate in the building is high. Europe has exceptional governmental support to build modular construction. The healthcare centres, education spaces, industrial and commercial spaces use modular construction. The high infrastructural development is causing more adoption of modular construction. During the forecast period, Europe will record the highest demand rate. 


The key players are 

  1. Lendlease corporation 

  2. Guerdon modular budiling  

  3. Laing O’Rourke

  4. Katerra 

  5. Red Sea Housing 

  6. Bechtel Corporation

  7. Kleusberg

  8. Algeco Scotsman

  9. Fluor Corporation

  10. Algeco Scotsman


Competitive landscape


The competition in the modular construction market is huge. The market players have plenty of measures for the market. They are enhancing the market through acquisitions, partnerships and expansions strategies in the forecast period. Also, innovation is a crucial concept that will provide growth prospects for the market. 


Market dynamics



  • Crucial market drivers 


The rising industrialization and urbanization are raising the requirement for construction. The investments in the infrastructure have increased in the past few years. The rising infrastructure investments are a crucial driver for the modular construction market. The population in the urban area is surging every year. It is a crucial requirement to offer comfortable living and professional places to urban citizens. The rapidly growing urbanisation is the main driver of the modular construction industry.


Also, the escalating investment in commercial spaces is another driver for the market. All these drivers will positively affect the market in the forecast period. Commercial property leasing encourages more construction of professional working spaces. All these aspects are the crucial drivers that give immense Modular Construction Market Revenue. The governmental initiative is higher to support environmental friendly construction. The government offers plenty of subsidiaries to promote green building. Plenty of governments today allocate a specific fund for modular construction. All these crucial drivers of the market will continually increase the demand. 



  • Market growth opportunities


The adoption rate of the lean manufacturing technique provides plenty of growth opportunities for the market. The adoption of these techniques can offer permanent and durable modular buildings.  Also, the adoption of this construction technique provides profitability and other benefits to the market.


Plenty of verticals will offer exceptional investments to use these techniques in the modular building it will create plenty of growth prospects. R&D is another factor that offers several growth possibilities for the market. Modular construction is a vast concept. There are plenty of new techniques and strategies that can be derived through research. The investments in R&D are increasing in this market. It will open up new ways for Modular Construction Market Growth. Innovation is another key aspect that will escalate growth opportunities for this market. These growth opportunities will ultimately benefit the overall modular construction industry in the forecasts period. 



  • The market restraints


The modular construction includes plenty of offsite manufacturing items. The investment required for modular construction is massive. The returns are long-term and the high investments of the market are the crucial restraints.  The modular process is cost and time-consuming. Apart from the construction, there are plenty of details that require serious attention. The fixtures, lights, interiors and much more are required in the process. The installation, planning and execution are some of the other tasks on the construction. It is a capital intensive project with plenty of labour work. Also, the timeline for modular construction is required less from the investors. All these pressures add up in the modular construction and these are the major market restraints. 



  • The Market challenges 


The rise in industrialization and urbanization is a driving factor as well as a challenge for this market. The rising rate of urbanization puts more pressure on building construction. Also, the requirement to make efficient use of space and money is difficult in the modular construction. The need to create innovative building for every modular construction is a difficulty in this market. With the modular construction, the customers require uniqueness in the building.


However, sometimes providing these choices to the customers can result in plenty of challenges. Moreover, the high investments required for the construction of modular construction is another challenge. Also, the cost of modular construction is not standardized. It keeps on fluctuating as per the requirements of the customers. These are the few challenges that can affect the overall growth of the market in the forecast period. 



  • Cumulative growth analysis 


The market growth looks stable during the forecast period. The modular construction industry comes with plenty of drivers. The market driver continuously boosts the demand for the market. The rising urbanisation is a crucial driver that creates opportunities for modular construction. Also, the support through governmental policies is highly benefitting the modular construction market. Few challenges can affect the market growth in the forecast. The high investment rate and offsite manufacturing can add more cost to the overall project. However, the positive Modular Construction Trends will continue.



  • Value chain analysis 


The Asia Pacific will dominate the modular construction industry in the forecast period. The region is known for its high infrastructure development. Due to this, construction activities are raising both in the residential and commercial sector. The adoption rate of modular construction is high in Asia pacific. Also, plenty of individuals prefer modular construction as it is an energy-efficient and green building. The construction of smart cities in India is another factor that fuels modular construction growth. Modular construction is more convenient and functional for the individuals requiring a residence or a commercial building. As per the Market Analysis, the region will record the fastest growth rate in the forecast period. Overall, the modular construction market is booming in Asia pacific. 



Modular Construction Market Segments


Segment overview 

By type 



  • relocatable  

  • permanent


By material 



  • wood 

  • steel 

  • concrete 


By module 



  • primary structure module 

  • four-sided module 

  • the mixed module 

  • open-sided module 

  • partially sided more 


By end-user 



  • office 

  • commercial 

  • retail 

  • healthcare 

  • education 


Recent Developments 


March 2022


G-CON Manufacturing, the flexible, prefabricated cleanroom solution expert, has supplied various modular cleanroom PODs to FUJIFILM Diosynth Biotechnologies for its National Center for Therapeutics Manufacturing (NCTM) in Texas. The addition of PODs will be another 4,000 sqft of required cleanroom space, offering the extra capacity required to accelerate the production of COVID-19 vaccine candidates.


Report overview 

  1.  Market overview highlights 

  2.  Analysis based upon COVID 19

  3.  Explanation upon the Market Dynamics

  4.  Value chain analysis

  5.  Market segmentation overview

  6.  The regional analysis

  7.  Competitive landscape analysis

  8. Recent Developments


Modular construction is a type of construction technique that offers plenty of benefits. Efficiency is the main objective for constructing modular buildings. Flexibility, cost-effectiveness and eco-friendliness are some of the crucial features of modular construction. The modular construction offers customization and exceptional use of the space. It is a construction technique that can be modified according to the customer requirement. The rapidly growing urbanisation is the crucial cause for the popularity of modular construction. The modular construction is suitable for multistory buildings and offices. Most of these building incorporate steelwork in walls and other spaces. The modular constructions are well known for their style, reliability and durability. 


Also, the adoption of high-end construction technique is driving more demand for this market. The modular construction offers inbuilt fixtures, spaces, interiors and appliance inside the building. The modular construction building is the most functional buildings. The demand for modular construction is massive in recent years. 



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : USD 143 Billion
  CAGR   6.55% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Material, by Construction, by Product, By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   ACS Group (Spain), Skanska AB (Sweden), Komatsu Ltd (Japan), L&T (India), Balfour Beatty Plc. (U.K.), Kiewit Corporation (U.S.), Taisei Corporation (Japan), Red Sea Housing Services (Saudi Arabia), System House R & C Co. Ltd (Japan), Bouygues Construction (France)
  Key Market Opportunities

  • Modular & panelized housing
  • Green buildings
  •   Key Market Drivers

  • Energy saving construction
  • Cost benefit construction


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    ACS Group (Spain), Skanska AB (Sweden), Komatsu Ltd (Japan), L&T (India), Balfour Beatty Plc. (U.K.), Kiewit Corporation (U.S.), Taisei Corporation (Japan), Red Sea Housing Services (Saudi Arabia), System House R & C Co. Ltd (Japan), Bouygues Construction (France)

    Modular Construction Market is projected to be worth USD 143 Billion by 2030, registering a CAGR of 6.55% during the forecast period (2022 - 2030)

    Modular Construction Market is projected to be worth USD 143 Billion by 2030, registering a CAGR of 6.55% during the forecast period (2022 - 2030), The market was valued at USD 87.6 Million in 2021.

    Contribute predominantly driving the market growth are rising industrialization & urbanization coupled with the improving economy that worldwide that allows increasing purchase affordability.

    Saves Time. An obvious one is that modular construction allows a chunk of the work to be made in a factory while sitework and foundations are simultaneously performed on the site. This time-saving benefit keeps the project on schedule and speeds up construction time while still being efficient.