Modular Construction Market Share , ,Growth,Competitive Strategies and Segment Forecast to 2034
Global Modular Construction Market Size - By Type, By Application, By Material, By Molecule - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: CHEM25138 | Pages: 1 - 244 | Formats*: |
| Category : Chemical & Materials | |||
Modular Construction Market Introduction and Overview
According to SPER Market Research, the Global Modular Construction Market is estimated to reach USD 227.52 billion by 2034 with a CAGR of 8.19%.
The report includes an in-depth analysis of the Global Modular Construction Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Modular Construction Market was valued at USD 103.55 billion in 2024 and is estimated to grow at a CAGR 8.19% from 2025 to 2034. Building components are fabricated off-site and then transported and assembled on-site in the modular construction industry, which offers quicker completion times, less waste, and better-quality control. Because of its affordability, sustainability, and versatility for different project types, this approach is becoming more and more well-liked in the commercial, industrial, and residential sectors. In addition to being perfect for areas with restricted access or a labor scarcity, modular construction promotes green building techniques. Demand is also being driven by increasing urbanization and technological improvements. Widespread adoption may be hampered by market constraints such expensive initial investment prices, difficult regulations, and little awareness in some areas.
By Type Insights
The permanent segment dominated the modular construction market in 2024 due to its increased design flexibility and customisation capabilities, which enabled the creation of aesthetically pleasing and architecturally diverse structures. Because permanent modular constructions are long-lasting and valuable, they are being utilized more and more for institutional, commercial, and residential applications. However, due to the growing need for temporary housing in emergency and disaster relief activities, the relocatable modular building market is expected to develop significantly. Because they are made to be readily transported, put together, and modified for different sites, these structures are a useful answer to temporary infrastructure requirements.
By Application Insights
The market was dominated by residential modular construction in 2024 due to its capacity to provide affordable, environmentally friendly, and aesthetically pleasing dwelling options. The speed, lower waste, and capacity to adapt to contemporary design requirements have made this building approach more and more popular. Meanwhile, it is anticipated that the commercial sector would increase significantly, helped along by improving economic conditions in important regions like Asia, the United States, and the United Kingdom. Businesses are looking for quicker, more adaptable, and scalable building solutions to suit changing market demands, which is driving an increase in modular construction activity in this market sector. These spaces include offices, showrooms, and hotels.
By Material Insights
Steel's superior mechanical and chemical qualities, such as its high strength, durability, ductility, and resistance to seismic stresses, allowed it to dominate the modular building industry in 2024. Steel is quite versatile for a range of building applications since it comes in a variety of structural shapes, including columns, T-shapes, I-beams, and H-beams. Its attractiveness for modular applications is further increased by its simplicity of fabrication and quick on-site assembly. Due to its long-lasting durability and structural strength, the concrete category is anticipated to increase at the quickest rate. Concrete is perfect for permanent modular constructions because of its exceptional resistance to inclement weather.
Regional Insights
Europe dominated the modular building industry in 2024 thanks to widespread adoption in nations including Sweden, Finland, Germany, and the United Kingdom. Due to housing constraints and population increase, modular construction is becoming more and more popular in the UK as a viable option for cheap housing. The area's established building methods and encouraging regulations have improved its standing in the market. In 2024, North America also accounted for a sizeable portion of the market. Technological innovations like automation, 3D printing, and Building Information Modeling (BIM) have improved the quality, accuracy, and efficiency of modular construction, drawing in developers and investors from all over the region.
Market Competitive Landscape
Leading companies in the modular construction market are focusing on advanced building technologies, sustainability, and rapid deployment. Key players drive growth through strategic partnerships, acquisitions, global expansion, and innovative modular solutions to meet rising demand for cost-effective, flexible construction methods. Some of the key market players are Bouygues Construction, CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS), DuBox, Guerdon, LLC, Hickory Group, LAING O'ROURKE, Lendlease Corporation, LEUSBERG GmbH & Co KG, Modulaire Group, Premier Modular Limited.
Recent Developments:
In January 2025, BRITCO Structures, USA (BUSA), a Texas-based modular construction builder with expertise in intricate commercial projects, was purchased by Sunbelt Modular Inc. Established in 2011, BUSA enhances Sunbelt's approach by offering customized modular solutions. Through the expansion of its government, education, healthcare, housing, and offerings, this acquisition strengthens Sunbelt's national platform. This is Sunbelt's eleventh acquisition since Littlejohn & Co. bought it in 2024.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Application, By Material, By Molecule |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Bouygues Construction, CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS), DuBox, Guerdon, LLC, Hickory Group, LAING O'ROURKE, Lendlease Corporation, LEUSBERG GmbH & Co KG, Modulaire Group, Premier Modular Limited |
Key Topics Covered in the Report
- Global Modular Construction Market Size (FY’2021-FY’2034)
- Overview of Global Modular Construction Market
- Segmentation of Global Modular Construction Market By Type (Relocatable, Permanent)
- Segmentation of Global Modular Construction Market By Application (Commercial, Residential, Industrial, Healthcare, Educational)
- Segmentation of Global Modular Construction Market By Material (Wood, Steel, Concrete, Others)
- Segmentation of Global Modular Construction Market By Module (Four-sided, Open-sided, Partially open-sided, Mixed modules & floor cassettes, Modules supported by a primary structure, Others)
- Statistical Snap of Global Modular Construction Market
- Expansion Analysis of Global Modular Construction Market
- Problems and Obstacles in Global Modular Construction Market
- Competitive Landscape in the Global Modular Construction Market
- Details on Current Investment in Global Modular Construction Market
- Competitive Analysis of Global Modular Construction Market
- Prominent Players in the Global Modular Construction Market
- SWOT Analysis of Global Modular Construction Market
- Global Modular Construction Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Modular Construction Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Modular Construction Market
7.Global Modular Construction Market, By Type (USD Million) 2021-2034
7.1.Relocatable7.2.Permanent
8.Global Modular Construction Market, By Application (USD Million) 2021-2034
8.1.Commercial8.2.Residential8.3.Industrial8.4.Healthcare8.5.Educational
9.Global Modular Construction Market, By Material (USD Million) 2021-2034
9.1.Wood9.2.Steel9.3.Concrete9.4.Others
10.Global Modular Construction Market, By Module (USD Million) 2021-2034
10.1.Four-sided10.2.Open-sided10.3.Partially open-sided10.4.Mixed modules & floor cassettes10.5.Modules supported by a primary structure10.6.Others
11.Global Modular Construction Market (USD Million) 2021-2034
11.1.Global Modular Construction Market Size and Market Share
12.Global Modular Construction Market, By Region, (USD Million) 2021-2034
12.1.Asia-Pacific12.1.1.Australia12.1.2.China12.1.3.India12.1.4.Japan12.1.5.South Korea12.1.6.Rest of Asia-Pacific12.2.Europe12.2.1.France12.2.2.Germany12.2.3.Italy12.2.4.Spain12.2.5.United Kingdom12.2.6.Rest of Europe12.3.Middle East and Africa12.3.1.Kingdom of Saudi Arabia12.3.2.United Arab Emirates12.3.3.Qatar12.3.4.South Africa12.3.5.Egypt12.3.6.Morocco12.3.7.Nigeria12.3.8.Rest of Middle-East and Africa12.4.North America12.4.1.Canada12.4.2.Mexico12.4.3.United States12.5.Latin America12.5.1.Argentina12.5.2.Brazil12.5.3.Rest of Latin America
13.Company Profile
13.1.Bouygues Construction13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments13.2.CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS)13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments13.3.DuBox13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments13.4.Guerdon, LLC13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments13.5.Hickory Group13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments13.6.LAING O'ROURKE13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments13.7.Lendlease Corporation13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments13.8.LEUSBERG GmbH & Co KG13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments13.9.Modulaire Group13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments13.10.Premier Modular Limited13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments13.11.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Modular Construction Market is projected to reach USD 227.52 by 2034, growing at a CAGR of 8.19 % during the forecast period.
Modular Construction Market size from 2025. The Market is expected to reach USD 227.52 by 2034, at a CAGR of 8.19% during the forecast period.
Modular Construction Market CAGR of 8.19% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Modular Construction Market size is USD 227.52 from 2025 to 2034.
Modular Construction Market covered By Type, By Application, By Material, By Molecule
The North America is anticipated to have the highest Market share in the Modular Construction Market .
Bouygues Construction, CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS), DuBox, Guerdon, LLC, Hickory Group, LAING O'ROURKE, Lendlease Corporation, LEUSBERG GmbH & Co KG, Modulaire Group, Premier Modular Limited
The report includes an in-depth analysis of the Global Modular Construction Market, including market size and trends, product mix, Applications, and supplier analysis.
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