Modular Construction Market Size Worth USD 151.53 billion by 2032

In recent years, the Modular Construction Market Size has witnessed notable growth, fueled by rapid technological advancements and rising global demand. This comprehensive report delves into emerging market trends, key growth drivers, and detailed segmentation across [key segment categories].

The global modular construction market size was USD 89.44 billion in 2024 and the market growth is projected to grow from USD 94.84 billion in 2025 to USD 151.53 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period. The Asia Pacific dominated global market with a share of 45.32% in 2024.

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The modular construction market is expanding due to growing demand for sustainable, cost-effective, and rapid building solutions. AI-powered design optimization, prefabrication technologies, and 3D printing innovations are driving market growth. As urbanization accelerates, modular construction is emerging as a key solution for efficient infrastructure development.

Top Players in the Modular Construction Market

Leading companies shaping the semiconductor machinery industry include Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH & Co. KG (Germany), Katerra (U.S.), Lendlease Corporation (Australia) and other major market participants.

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

What comprehensive insights does the research report on Modular Construction provide, and which regions are analyzed in detail?

The research report on Modular Construction offers an in-depth and strategic evaluation of the market, delivering valuable insights into upcoming trends, key growth drivers, supply and demand dynamics, year-over-year (Y-o-Y) growth rates, compound annual growth rate (CAGR), and pricing trends. It leverages a range of analytical tools and models including Porter’s Five Forces, PESTLE Analysis, Value Chain Analysis, the 4 Ps Framework (Product, Price, Place, Promotion), Market Attractiveness Index, BPS (Basis Point Share) Analysis, and Ecosystem Mapping to ensure a holistic market understanding. Furthermore, the report presents a detailed regional breakdown, covering key geographic markets such as:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)
  • South America (Brazil, Argentina, Rest of South America)
  • Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)
    These insights empower stakeholders to understand market dynamics, identify growth opportunities, and make strategic decisions across regions.

What Are the Recent Developments in the Modular Construction Industry?

  • SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.
  • Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.
  • Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group's modular construction business.
  • Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company's multifamily portfolio.
  • Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.

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