Modular Construction Market: Global Industry Analysis and Forecast (2021-2027), Key Trends.

Modular Construction Market size was valued at US$ 71.53 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 6.1% through 2021 to 2027, reaching nearly US$ 108.27 Bn.

Modular Construction Market Overview:

Modular construction is a method of constructing a building offsite under controlled plant conditions before transporting and assembling it at its ultimate location. A variety of building types and floor designs can be used in this type of construction. Four-sided, Open-sided, partially open-sided, mixed modules & floor cassettes, and Modules supported by a primary structure are some of the types of modules of the module construction. Residential, Office, Education, Retail & Commercial, Hospitality, and Healthcare are some of the end-users of the module construction. Modular Construction Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Modular Construction Market Dynamics:

The global modular construction market is being driven by changing government policies to decrease construction waste and promote green buildings. For example, the Singapore government has mandated the use of PPVC (Pre-fabricated, pre-finished, volumetric construction) parts in a number of government-owned projects. Moreover, the government grants incentives to companies that standardise contemporary construction practises. During the forecast period 2021-2027, the modular construction market is expected to be driven by increased investment on R&D activities for novel construction solutions. Increase in population and rapid urbanization drives the growth of the global modular construction market. According to MMR, more than two-thirds of the world's population is expected to live in cities by 2050. This tremendous growth will primarily occur in emerging countries. The fastest urban growth rates will be in Africa and Asia, both of which are still less urbanised than other regions. Africa's urban population is expected to increase from 40% today to 56% in 2050, while Asia's is expected to increase from 48% to 64%. By 2030, US$57 trillion in global infrastructure investment would be required to support this rapid increase in urbanisation. More than 1 billion people live in housing that falls short of minimum comfort and sanitation standards, and 3 billion additional homes will be needed by 2030. These are the factors that are expected to boost the growth of the global modular construction market during the forecast period 2021-2027. Modular Construction Market

Modular Construction Market Segment Analysis:

Based on the Type, the market is segmented into Permanent, and Relocatable. Permanent modular construction type segment is expected hold the largest market shares of xx% by 2027. Permanent modular construction (PMC) is a sustainable and creative building approach that prefabricates single or multi-story structures in modular pieces using offshore and lean manufacturing technologies. PMC can be shaped to integrate into an existing structure. PMC was utilised by the Hawaii Film Studio, for example, to satisfy tight deadlines and budget constraints. Healthcare facilities, hotels, schools, and restaurants are some of the examples of the permanent modular construction. Based on the Material, the market is segmented into Steel, Wood, and Concrete. Steel material segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Steel has the highest share of the global modular construction market in terms of material consumption. It's well-known for its strength-to-weight ratio. Steel framed relocatable buildings provide a number of advantages over wood framed relocatable buildings. These qualities include design flexibility, strength, structural integrity, durability, security, and fire resistance, all of which reduce the need for repairs and maintenance over the life of the structure. Based on the End-Use Sector, the market is segmented into Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare, and Others. Healthcare segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. For baths, headwalls, and even complete hospitals, many healthcare organisations and hospital contractors are resorting to modular construction. Medical, surgical, clinical, and dental applications benefit from modular construction since it is quiet, safe, and clean. Shortening construction timetables and lowering costs are prioritised in this industry, but high-quality building materials and designs are sought. These are the key drivers that are expected to boost the growth of this segment in the global Modular Construction market during the forecast period 2021-2027. Modular Construction Market

Modular Construction Market Regional Insights:

Asia Pacific dominates the Modular Construction market during the forecast period 2021-2027. Asia Pacific is expected hold the largest market shares of xx% by 2027. The Asia Pacific region's economy has grown due to factors such as the ready supply of raw materials and labour, as well as advanced technologies and innovations. Asia Pacific was the fastest-growing region in terms of population and economic growth, according to the World Bank. China, India, and other growing Asia Pacific countries had a combined population of almost 4.5 billion in 2019, according to the Population Reference Bureau, and are expected to become an increasingly major driver for global modular construction demand during the forecast period 2021-2027. The objective of the report is to present a comprehensive analysis of the Global Modular Construction Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Modular Construction Market dynamic, structure by analyzing the market segments and project the Global Modular Construction Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Modular Construction Market make the report investor’s guide.

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Modular Construction Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 71.53 Bn.
Forecast Period 2021 to 2027 CAGR: 6.1% Market Size in 2027: US $ 108.27 Bn.
Segments Covered: by Type • Permanent • Relocatable
by Material • Steel • Wood • Concrete
by Module • Four-sided • Open-sided • Partially open-sided • Mixed modules & floor cassettes • Modules supported by a primary structure • Others
by End-Use Sector • Residential • Office •  Education • Retail & Commercial • Hospitality • Healthcare • Others
by Building Height • Up to 70 meters • 70-100 meters • 100-170 meters • Above 170 meters

Modular Construction Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Modular Construction Market Key Players

• ATCO • Anderco Pte. Ltd. • Giant Containers Inc. • Honomobo Corporation • Lendlease Corporation • SG Blocks, Inc. • Skanska AB • Speed House Group of Companies • Supertech Industries LLC • Tempohousing. • Laing O’Rourke • Red Sea Housing • Atco Ltd. • Algeco Scotsman • Kleusberg GmbH • Katerra • Bechtel Corporation • Fluor Corporation Frequently Asked Questions: 1] What segments are covered in Modular Construction Market report? Ans. The segments covered in Modular Construction Market report are based on Type, Material, Module, End-Use Sector, and Building Height. 2] Which region is expected to hold the highest share in the Modular Construction Market? Ans. Asia Pacific is expected to hold the highest share in the Modular Construction Market. 3] Who are the top key players in the Modular Construction Market? Ans. ATCO, Anderco Pte. Ltd., Giant Containers Inc., Honomobo Corporation, and Lendlease Corporation are the top key players in the Modular Construction Market. 4] Which segment holds the largest market share in the Modular Construction market by 2027? Ans. Permanent modular construction segment holds the largest market share in the Modular Construction market by 2027. 5] What is the market size of the Global Modular Construction market by 2027? Ans. The market size of the Modular Construction market is US $108.27 Bn. by 2027. 6] What was the market size of the Modular Construction market in 2020? Ans. The market size of the Modular Construction market was worth US $71.53 Bn. in 2020.
1. Global Modular Construction Market: Research Methodology 2. Global Modular Construction Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Modular Construction Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Modular Construction Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Modular Construction Market Segmentation 4.1 Global Modular Construction Market, by Type (2020-2027) • Permanent • Relocatable 4.2 Global Modular Construction Market, by Material (2020-2027) • Steel • Wood • Concrete 4.3 Global Modular Construction Market, by Module (2020-2027) • Four-sided • Open-sided • Partially open-sided • Mixed modules & floor cassettes • Modules supported by a primary structure • Others 4.4 Global Modular Construction Market, by End-Use Sector (2020-2027) • Residential • Office • Education • Retail & Commercial • Hospitality • Healthcare • Others 4.5 Global Modular Construction Market, by Building Height (2020-2027) • Up to 70 meters • 70-100 meters • 100-170 meters • Above 170 meters 5. North America Modular Construction Market (2020-2027) 5.1 Global Modular Construction Market, by Type (2020-2027) • Permanent • Relocatable 5.2 Global Modular Construction Market, by Material (2020-2027) • Steel • Wood • Concrete 5.3 Global Modular Construction Market, by Module (2020-2027) • Four-sided • Open-sided • Partially open-sided • Mixed modules & floor cassettes • Modules supported by a primary structure • Others 5.4 Global Modular Construction Market, by End-Use Sector (2020-2027) • Residential • Office • Education • Retail & Commercial • Hospitality • Healthcare • Others 5.5 Global Modular Construction Market, by Building Height (2020-2027) • Up to 70 meters • 70-100 meters • 100-170 meters • Above 170 meters 5.6 North America Modular Construction Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Modular Construction Market (2020-2027) 6.1. Asia Pacific Modular Construction Market, by Type (2020-2027) 6.2. Asia Pacific Modular Construction Market, by Material (2020-2027) 6.3. Asia Pacific Modular Construction Market, by Module (2020-2027) 6.4. Asia Pacific Modular Construction Market, by End-Use Sector (2020-2027) 6.5. Asia Pacific Modular Construction Market, by Building Height (2020-2027) 6.6. Asia Pacific Modular Construction Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Modular Construction Market (2020-2027) 7.1 Middle East and Africa Modular Construction Market, by Type (2020-2027) 7.2. Middle East and Africa Modular Construction Market, by Material (2020-2027) 7.3. Middle East and Africa Modular Construction Market, by Module (2020-2027) 7.4. Middle East and Africa Modular Construction Market, by End-Use Sector (2020-2027) 7.5. Middle East and Africa Modular Construction Market, by Building Height (2020-2027) 7.6. Middle East and Africa Modular Construction Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Modular Construction Market (2020-2027) 8.1. Latin America Modular Construction Market, by Type (2020-2027) 8.2. Latin America Modular Construction Market, by Material (2020-2027) 8.3. Latin America Modular Construction Market, by Module (2020-2027) 8.4. Latin America Modular Construction Market, by End-Use Sector (2020-2027) 8.5. Latin America Modular Construction Market, by Building Height (2020-2027) 8.6. Latin America Modular Construction Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Modular Construction Market (2020-2027) 9.1. European Modular Construction Market, by Type (2020-2027) 9.2. European Modular Construction Market, by Material (2020-2027) 9.3. European Modular Construction Market, by Module (2020-2027) 9.4. European Modular Construction Market, by End-Use Sector (2020-2027) 9.5. European Modular Construction Market, by Building Height (2020-2027) 9.6. European Modular Construction Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. ATCO 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Anderco Pte. Ltd. 10.3. Giant Containers Inc. 10.4. Honomobo Corporation 10.5. Lendlease Corporation 10.6. SG Blocks, Inc. 10.7. Skanska AB 10.8. Speed House Group of Companies 10.9. Supertech Industries LLC 10.10. Tempohousing. 10.11. Laing O’Rourke 10.12. Red Sea Housing 10.13. Atco Ltd. 10.14. Algeco Scotsman 10.15. Kleusberg GmbH 10.16. Katerra 10.17. Bechtel Corporation 10.18. Fluor Corporation

About This Report

Report ID25426
Category Material & Chemical
Published DateJAN 2020
Updated DateDec 2021
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