Please Wait.....
Report
Modular Construction - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 120 Pages I Mordor Intelligence
The Modular Construction Market size is estimated at USD 91.27 billion in 2025, and is expected to reach USD 122.26 billion by 2030, at a CAGR of 6.02% during the forecast period (2025-2030).
During the COVID-19 pandemic, there was a negative impact on the modular construction market globally as factories and manufacturing facilities were shut down, which stopped the production of modules or pre-engineered building units. Additionally, nationwide lockdowns in several countries and strict social distancing measures affected the construction industry. However, the modular construction market has recovered from the pandemic and is growing significantly.
Key Highlights
- In the short term, increasing demand for modular construction from developed economies and supportive government initiatives are expected to propel the market's growth.
- Conversely, supply chain challenges, shortage of skilled labor, and adverse macroeconomic conditions are expected to hinder growth.
- However, the growing global housing crisis is expected to create opportunities in the market during the forecast period.
- Asia-Pacific is expected to dominate the market and witness the highest annual growth rate during the forecast period.
Modular Construction Market Trends
The Industrial/Institutional Segment is Expected to Dominate the Market
- The industrial/institutional segment is the largest in the modular construction market. Modular construction provides a faster, more efficient, and cost-effective way of building components away from the site in a controlled location in the industrial/institutional construction sector.
- According to MBI, an industrialized building is classified by building codes for occupancy and used by groups other than residential ones for one or more families.
- Industrialized modular buildings are commercial structures constructed off-site in one or more modules or using modular components. These buildings are designed to be transported to the commercial site, which is erected or installed for immediate use.
- According to MBI, institutional modular constructions in North America accounted for over 17.5% in 2023, a major share of the country's modular construction industry comprising major projects.
- Further, as per Mordor Intelligence analysis, the industrial/institutional segment is expected to grow moderately with an annual growth rate of 3.99%.
- Modular construction is poised to play a pivotal role in the future of industrial and institutional buildings as the industry undergoes significant transformations.
Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific takes the lead as the swiftest expanding market for modular construction. The burgeoning industrial and commercial construction segments underpin the region's market growth.
- Some major manufacturers spearhead strategic initiatives in Asia-Pacific, driving up the modular construction market's demand. For instance,
- In January 2024, Broad Group Holon Jianan Co., a subsidiary of Broad Group Holon, built a 26-story apartment building in Hunan, China, in just five days. The structure, named the Jingdu Holon Building, spans 14,000 square meters. Notably, the apartments were preassembled in a factory, with each unit measuring 12 meters long, 2.4 meters wide, and 3 meters high. Also, the units come equipped with pre-installed wiring and ductwork, showcasing a remarkable feat in construction efficiency.
- In October 2023, CIMC Modular Building Systems Holding Co. Ltd, a subsidiary of CIMC Construction Technology under CIMC Group, hosted a delivery ceremony for the Hong Kong Legislative Council Complex's expansion project. This endeavor was groundbreaking, as it was the first time Hong Kong had seen modular construction technology used for expansion, breaking away from traditional methods. This project is expected to be Hong Kong's inaugural modular legislative office and its premier high-end office space upon completion. The slated completion date is by the end of 2024.
- In March 2024, Magicrete, a prominent producer of AAC Blocks and Construction Chemicals, completed a significant housing project in Ranchi, Jharkhand. Utilizing the innovative 3D Modular Precast Construction System, the 1,008-unit project achieved cost parity with traditional methods and slashed construction timelines by up to 40%. This enhances housing accessibility and underscores the growing influence of precast concrete technology in India.
- In January 2024, Sekisui House announced plans to acquire the US builder MDC Holdings for a significant USD 4.95 billion. This move positions the Japanese firm as the fifth-largest homebuilder in the United States, the world's largest economy. Leveraging its high-end modular division, SHAWOOD by Sekisui House aims to introduce advanced technologies to MDC, including earthquake-resistant home frames and zero-emissions building processes. These strategic endeavors are poised to bolster Japan's modular construction demand.
- In August 2023, LG Electronics, a leading South Korean electronics firm, collaborated with GS E&C to explore the modular housing market, unveiling their Smart Cottage concept. LG's strategy integrates high-efficiency products like heat pumps and induction electric ranges with modular housing, eyeing opportunities to replace aging rural homes with smart cottages.
- Therefore, these factors are poised to increase demand for the regional modular construction market in the coming years.
Modular Construction Industry Overview
The modular construction market is fragmented in nature. The major players (not in any particular order) include WillScot, Fluor Corporation, Daiwa House Industry Co. Ltd, Larsen & Toubro Limited, and ATCO LTD.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for Modular Construction from Developed Economies
4.1.2 Supportive Government Initiatives for Modular Construction
4.2 Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Construction
5.1.1 Permanent Modular
5.1.2 Relocatable Modular
5.2 Material
5.2.1 Steel
5.2.2 Concrete
5.2.3 Wood
5.2.4 Plastic
5.3 End-user Industry
5.3.1 Commercial
5.3.2 Industrial/institutional
5.3.3 Residential
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 France
5.4.3.4 Italy
5.4.3.5 Benelux Countries
5.4.3.6 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ACS Group
6.4.2 ATCO LTD
6.4.3 Bechtel Corporation
6.4.4 Daiwa House Industry Co. Ltd
6.4.5 Fluor Corporation
6.4.6 LAING O'ROURKE
6.4.7 Larsen & Toubro Limited
6.4.8 Sekisui Chemical Co. Ltd
6.4.9 Skanska
6.4.10 WillScot
6.4.11 Zekelman Industries
6.5 List of Other Prominent Companies
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Global Housing Crisis
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security