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Global Modular Construction Market to reach USD 210.5 billion by 2027.

Global Modular Construction Market Size study, by Type (Permanent, Re-Locatable), Material (Steel, Wood, Others), End-User (Residential, Commercial, Industrial) and Regional Forecasts 2020-2027

Product Code: OIRBAC_53316413
Publish Date: 1-07-2020
Page: 200

Global Modular Construction Market is valued approximately USD 121.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2020-2027. Modular construction is considered as a process in which an off-site construction of a residential or commercial building is completed through using the same standards, design and materials. The construction of the buildings is done is a modules format that is then put together on site. Modular construction benefits in reducing site disturbances & generates low amount of waste in comparison to traditional construction. Additionally, the disassembling of modular buildings could be done easily and can be refurbished & relocated for new modular homes. The global Modular construction market is primarily driven by rising construction sector, surge in infrastructure investment and industrialization, rising need for reduced construction time & cost along with favorable government initiatives towards modular construction. The rising construction sector which include both residential and commercial spaces is acting as key driver for the demand and adoption of modular construction market. According to the International Construction market survey, the rate of construction sector was estimated to be around 3.5% in the year 2018 which reached to around 3.9% in the year 2019 on the global scenario. In Canada, according to Construct connect report, the Construction sector is estimated to witness a surge of around 20% in the year 2018 in comparison to year 2017. There would be around 100,730 new construction projects in Canada comprising of both residential and non-residential buildings and civil engineering works in the year 2018. Among 100,730 new construction projects, around 41,363 construction projects would be of non-residential buildings, 26,782 would be of residential buildings and 32,585 construction projects would be of other civil engineering works in Canada. Moreover, according to constructconnect, the highest number of construction projects would occur in central Canada accounting for 52,844 projects precisely followed by British Columbia province which would account for 23,338 construction projects that is 2nd highest in Canada resulting in paving the way for the development of modular construction market. Additionally, a surge of around 3% has been witnessed in the construction sector of Europe in the year 2018 which is subsequently resulting into fueling the demand and adoption of modular construction market.

The regional analysis of global Modular Construction market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to surging infrastructure investments & industrialization along with favorable government initiatives towards modular construction. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising construction sector & urbanization along with ease of installation and relocation would create lucrative growth prospects for the Modular Construction market across Asia-Pacific region.

Major market player included in this report are:
Anderco Pte. Ltd
Giant Containers, Inc
Honomobo Corporation
Lendlease Corporation
SG Blocks, Inc
Skansha AB
Speed House Group of Companies
Supertech Industries LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By Material:
By End-User:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Modular Construction Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Modular Construction Market, by Region, 2018-2027 (USD Billion)
1.2.2. Modular Construction Market, by Type, 2018-2027 (USD Billion)
1.2.3. Modular Construction Market, by Material, 2018-2027 (USD Billion)
1.2.4. Modular Construction Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Modular Construction Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Modular Construction Market Dynamics
3.1. Modular Construction Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Modular Construction Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Modular Construction Market, by Type
5.1. Market Snapshot
5.2. Global Modular Construction Market by Type, Performance – Potential Analysis
5.3. Global Modular Construction Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Modular Construction Market, Sub Segment Analysis
5.4.1. Permanent
5.4.2. Re-locatable
Chapter 6. Global Modular Construction Market, by Material
6.1. Market Snapshot
6.2. Global Modular Construction Market by Material, Performance – Potential Analysis
6.3. Global Modular Construction Market Estimates & Forecasts by Material 2017-2027 (USD Billion)
6.4. Modular Construction Market, Sub Segment Analysis
6.4.1. Steel
6.4.2. Wood
6.4.3. Others
Chapter 7. Global Modular Construction Market, by End-User
7.1. Market Snapshot
7.2. Global Modular Construction Market by End-User, Performance – Potential Analysis
7.3. Global Modular Construction Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Modular Construction Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
Chapter 8. Global Modular Construction Market, Regional Analysis
8.1. Modular Construction Market, Regional Market Snapshot
8.2. North America Modular Construction Market
8.2.1. U.S. Modular Construction Market Type breakdown estimates & forecasts, 2017-2027 Material breakdown estimates & forecasts, 2017-2027 End-User breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Modular Construction Market
8.3. Europe Modular Construction Market Snapshot
8.3.1. U.K. Modular Construction Market
8.3.2. Germany Modular Construction Market
8.3.3. France Modular Construction Market
8.3.4. Spain Modular Construction Market
8.3.5. Italy Modular Construction Market
8.3.6. Rest of Europe Modular Construction Market
8.4. Asia-Pacific Modular Construction Market Snapshot
8.4.1. China Modular Construction Market
8.4.2. India Modular Construction Market
8.4.3. Japan Modular Construction Market
8.4.4. Australia Modular Construction Market
8.4.5. South Korea Modular Construction Market
8.4.6. Rest of Asia Pacific Modular Construction Market
8.5. Latin America Modular Construction Market Snapshot
8.5.1. Brazil Modular Construction Market
8.5.2. Mexico Modular Construction Market
8.6. Rest of The World Modular Construction Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Atco Key Information Overview Financial (Subject to Data Availability) Type Summary Recent Developments
9.2.2. Anderco Pte. Ltd
9.2.3. Giant Containers, Inc
9.2.4. Honomobo Corporation
9.2.5. Lendlease Corporation
9.2.6. SG Blocks, Inc
9.2.7. Skanska AB
9.2.8. Speed House Group of Companies
9.2.9. Supertech Industries LLC
9.2.10. Tempohousing
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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