Modular Construction Market, Size, Share, Outlook and Growth Opportunities 2019-2026

SKU: DOT50 | Last Updated On: Feb 14 2020 | No. of Pages: 178 | Available Formats

> Global Modular Construction Market Expected to reach a high CAGR of 6.7% By 2026: DataM Intelligence

Global Modular Construction Market is segmented By Material (Wood, Plastic, Steel, Precast Concrete), By Type (Relocatable Modular Concrete, Commercial Permanent Modular), By End User (Healthcare, Housing, Industrial, Education, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2019-2026

 

Market Overview

The global Modular Construction Market size is expected to grow at a CAGR of 6.7% during the forecast period (2019-2026)   

An increasing number of building projects across several markets are using modular construction, the process by which components of a building are prefabricated off-site in a controlled setting and then shipped to the project site and assembled. Modular construction has become increasingly popular in recent years. Modular construction began to be used for a broader range of project types, including schools and healthcare facilities, and modular construction began to be used to build large-scale hotel projects.

Market Dynamics

An increase in the growth of infrastructure investment and industrialization globally and government initiatives are the driving factors for the growth of the market. Increasingly urgent demand in the housing, hospitality, and healthcare markets is also driving more projects to use modular construction. As many cities across the country are experiencing severe housing shortages, modular construction with its potential to significantly increase the speed of delivery while also providing opportunities for cost savings is seen as a strategy that’s particularly well-suited to address the issue. For instance, to address the severe lack of affordable housing in London, the city announced in 2017 that it would dedicate USD 32 million to construct a minimum of 1,059 affordably priced modular apartments by the year 2021.

Now, as technology has advanced and the industry has gained experience with it, the modular construction approach has become increasingly versatile and is used for a wide range of project types, including housing, education, healthcare, and hospitality commercial office, government, and retail. According to Modular Building Institute’s 2018 annual industry statistical report, in 2017 the permanent modular construction industry drove about USD 7 billion in construction activity. There are a few agencies that are providing modular construction services. For instance, The Vancouver Affordable Housing Agency (VAHA) has developed a strategy of using modular construction to rapidly respond to the urgent need for affordable housing in the city.

Market Segmentation

By material, the modular construction market is segmented into the wood, plastic, steel and precast concrete. The global modular construction market size by steel was worth USD YY million in 2019 and is estimated to reach USD YY million by 2026, at a CAGR of 6.7% during the forecast period. Modular building components may be manufactured from a range of different materials including steel, concrete, and wood and can meet the requirements for Type-I, -II, -III, and -V construction. But the modular approach can be most readily applied in Type-II and Type-V construction.

Although wood-frame has been the most common type of modular construction, 70 % in 2017, according to the Modular Building Institute, over the past five years there has been a shift towards more steel-frame modular construction. This trend may in part be explained by the fact that modular construction is being used for taller buildings, where the preference is for steel for which it is most commonly used. As of now, the largest modular project in the Boston area, the new building includes four stories of wood-framed modular housing on a steel and concrete podium.

By the end-user, the modular construction market is classified into healthcare, housing, industrial and education. The global modular construction market size by education was worth USD YY million in 2019 and is estimated to reach USD YY million by 2026, at a CAGR of 6.7% during the forecast period.

By type, the modular construction market is divided into relocatable modular concrete and commercial permanent modular. The global modular construction market size by relocatable modular concrete was worth USD YY million in 2019 and is estimated to reach USD YY million by 2026, at a CAGR of 6.7% during the forecast period.

Geographical Analysis

The North America modular construction market size was worth USD YY million in 2019 and is estimated to reach USD YY million by 2026, at a CAGR of 6.7% during the forecast period.  North America is dominating the global modular construction market in 2019 and estimated to hold the largest market size over the forecast period due to the increasing construction activities and great support from the government, and, implementing different initiatives. For instance, in the spring of 2019, the New York City Department of Housing Preservation and Development released a request for proposals for an affordable housing project in Brooklyn that requires modular construction methods. And according to Modular Building Institute, urban areas such as San Francisco, Seattle, and Vancouver are now considering modular construction as a means to address homelessness as well as to provide affordable housing for lower-and middle-income families.

Competitive Landscape

The Modular Construction market is competitive with existing players in the market.

Some of the major players include Bouygues Construction, Algeco Scotsman, Laing O’rourke, Cimc Modular Building Systems Holding, Red Sea Housing, Kleusberg GmbH & Co. Kg, Kwikspace Modular Buildings, Westchester Modular Homes, Koma Modular and Skanska AB.

Emerging players in the construction sector are introducing greater numbers of factory-built homes into the global market.

For instance, in 2019, Japan’s biggest housebuilder, Sekisui, entered a venture with the UK government expected to result in thousands of modular homes across the country.

Ikea has been given the go-ahead by Worthing council to build affordable modular homes on the south coast, and one of the UK’s largest house builders, Berkley Homes, plans to open a factory in Kent with the aim of producing 1,000 homes a year.

Why Purchase the Report?

  • Visualize the composition of the modular construction in terms of various types of materials, types and their end-users highlighting the key commercial assets and players.

  • Identify commercial opportunities in the modular construction market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of modular construction market-level 4/5 segmentation.

  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the key product of all major market players

The Modular Construction report would provide access to an approx., 61 data tables, 53 figures, and 178 pages.

Target Audience

  • Service Providers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers

 

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Table of Contents 

  1. Modular Construction Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Modular Construction Market – Market Definition and Overview

  3. Modular Construction Market – Executive Summary

    1. Market Snippet by Material
    2. Market Snippet by Type
    3. Market Snippet by End User
    4. Market Snippet by Region
  4. Modular Construction Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increase in the growth of infrastructure investment and industrialization globally
        2. Government initiatives
      2. Restraints
      3. Opportunity
      4. Impact Analysis
  5. Modular Construction Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
  6. Modular Construction Market – By Material

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      2. Market Attractiveness Index, By Material
    2. Wood*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2019-2026
    3. Plastic
    4. Steel
    5. Precast Concrete
  7. Modular Construction Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Relocatable Modular Concrete*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2019-2026
    3. Commercial Permanent Modular
  8. Modular Construction Market – By End User

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      2. Market Attractiveness Index, By End User
    2. Healthcare*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2019-2026
    3. Housing
    4. Industrial
    5. Education
    6. Others
  9. Modular Construction Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
  10. Modular Construction Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Modular Construction Market Company Profiles

    1. Bouygues Construction*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Algeco Scotsman
    3. Laing O’rourke
    4. Cimc Modular Building Systems Holding
    5. Red Sea Housing
    6. Kleusberg GmbH & Co. Kg
    7. Kwikspace Modular Buildings
    8. Westchester Modular Homes
    9. Koma Modular
    10. Skanska AB(** List not exhaustive)
  12. Modular Construction Market – DataM
    1. Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables:
Table 01 Global Modular Construction Market Value, By Material, 2019,2022 & 2026 (USD Million)
Table 02 Global Modular Construction Market Value, By Type, 2019,2022 & 2026 (USD Million)
Table 03 Global Modular Construction Market Value, By End User, 2019,2022 & 2026 (USD Million)
Table 04 Global Modular Construction Market Value, By Region, 2019,2022 & 2026 (USD Million)
Table 05 Global Modular Construction Market Value, By Material, 2019,2022 & 2026 (USD Million)
Table 06 Global Modular Construction Market Value, By Material, 2017-2026 (USD Million)
Table 07 Global Modular Construction Market Value, By Type, 2019,2022 & 2026 (USD Million)
Table 08 Global Modular Construction Market Value, By Type, 2017-2026 (USD Million)
Table 09 Global Modular Construction Market Value, By End User, 2019,2022 & 2026 (USD Million)
Table 10 Global Modular Construction Market Value, By End User, 2017-2026 (USD Million)
Table 11 Global Modular Construction Market Value, By Region, 2019,2022 & 2026 (USD Million)
Table 12 Global Modular Construction Market Value, By Region, 2017-2026 (USD Million)
Table 13 North America Modular Construction Market Value, By Material, 2017-2026 (USD Million)
Table 14 North America Modular Construction Market Value, By Type, 2017-2026 (USD Million)
Table 15 North America Modular Construction Market Value, By End User, 2017-2026 (USD Million)
Table 16 North America Modular Construction Market Value, By Country, 2017-2026 (USD Million)
Table 17 South America Modular Construction Market Value, By Material, 2017-2026 (USD Million)
Table 18 South America Modular Construction Market Value, By Type, 2017-2026 (USD Million)
Table 19 South America Modular Construction Market Value, By End User, 2017-2026 (USD Million)
Table 20 South America Modular Construction Market Value, By Country, 2017-2026 (USD Million)
Table 21 Europe Modular Construction Market Value, By Material, 2017-2026 (USD Million)
Table 22 Europe Modular Construction Market Value, By Type, 2017-2026 (USD Million)
Table 23 Europe Modular Construction Market Value, By End User, 2017-2026 (USD Million)
Table 24 Europe Modular Construction Market Value, By Country, 2017-2026 (USD Million)
Table 25 Asia-Pacific Modular Construction Market Value, By Material, 2017-2026 (USD Million)
Table 26 Asia-Pacific Modular Construction Market Value, By Type, 2017-2026 (USD Million)
Table 27 Asia-Pacific Modular Construction Market Value, By End User, 2017-2026 (USD Million)
Table 28 Asia-Pacific Modular Construction Market Value, By Country, 2017-2026 (USD Million)
Table 29 Middle East & Africa Modular Construction Market Value, By Material, 2017-2026 (USD Million)
Table 30 Middle East & Africa Modular Construction Market Value, By Type, 2017-2026 (USD Million)
Table 31 Middle East & Africa Modular Construction Market Value, By End User, 2017-2026 (USD Million)
Table 32 Bouygues Construction: Overview
Table 33 Bouygues Construction: Product Portfolio
Table 34 Bouygues Construction: Key Developments
Table 35 Algeco Scotsman: Overview
Table 36 Algeco Scotsman: Product Portfolio
Table 37 Algeco Scotsman: Key Developments
Table 38 Laing O’rourke: Overview
Table 39 Laing O’rourke: Product Portfolio
Table 40 Laing O’rourke: Key Developments
Table 41 Cimc Modular Building Systems Holding: Overview
Table 42 Cimc Modular Building Systems Holding: Product Portfolio
Table 43 Cimc Modular Building Systems Holding: Key Developments
Table 44 Red Sea Housing: Overview
Table 45 Red Sea Housing: Product Portfolio
Table 46 Red Sea Housing: Key Developments
Table 47 Kleusberg GmbH & Co. Kg: Overview
Table 48 Kleusberg GmbH & Co. Kg: Product Portfolio
Table 49 Kleusberg GmbH & Co. Kg: Key Developments
Table 50 Kwikspace Modular Buildings: Overview
Table 51 Kwikspace Modular Buildings: Product Portfolio
Table 52 Kwikspace Modular Buildings: Key Developments
Table 53 Westchester Modular Homes: Overview
Table 54 Westchester Modular Homes: Product Portfolio
Table 55 Westchester Modular Homes: Key Developments
Table 56 Koma Modular: Overview
Table 57 Koma Modular: Product Portfolio
Table 58 Koma Modular: Key Developments
Table 59 Skanska AB: Overview
Table 60 Skanska AB: Product Portfolio
Table 61 Skanska AB: Key Developments  

List of Figures:
Figure 01 Global Modular Construction Market Share, By Material, 2019 & 2026 (%)
Figure 02 Global Modular Construction Market Share, By Type, 2019 & 2026 (%)
Figure 03 Global Modular Construction Market Share, By End User, 2019 & 2026 (%)
Figure 04 Global Modular Construction Market Share, By Region, 2019 & 2026 (%)
Figure 05 Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 06 Global Modular Construction Market Y-o-Y Growth, By Material, 2019-2026 (%)
Figure 07 Wood: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 08 Steel: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 09 Plastic: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 10 Precast Concrete: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 11 Global Modular Construction Market Y-o-Y Growth, By Type, 2019-2026 (%)
Figure 12 Relocatable Modular Concrete: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 13 Commercial Permanent Modular: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 14 Global Modular Construction Market Y-o-Y Growth, By End User, 2019-2026 (%)
Figure 15 Healthcare: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 16 Education: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 17 Housing: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 18 Industrial: Global Modular Construction Market Value, 2017-2026 (USD Million)
Figure 19 Global Modular Construction Market Y-o-Y Growth, By Region, 2019-2026 (%)
Figure 20 North America Modular Construction Market Value, 2017-2026 (USD Million)
Figure 21 North America Modular Construction Market Share, By Material, 2019 & 2026 (%)
Figure 22 North America Modular Construction Market Share, By Type, 2019 & 2026 (%)
Figure 23 North America Modular Construction Market Share, By End User, 2019 & 2026 (%)
Figure 24 North America Modular Construction Market Share, By Country, 2019 & 2026 (%)
Figure 25 South America Modular Construction Market Value, 2017-2026 (USD Million)
Figure 26 South America Modular Construction Market Share, By Material, 2019 & 2026 (%)
Figure 27 South America Modular Construction Market Share, By Type, 2019 & 2026 (%)
Figure 28 South America Modular Construction Market Share, By End User, 2019 & 2026 (%)
Figure 29 South America Modular Construction Market Share, By Country, 2019 & 2026 (%)
Figure 30 Europe Modular Construction Market Value, 2017-2026 (USD Million)
Figure 31 Europe Modular Construction Market Share, By Material, 2019 & 2026 (%)
Figure 32 Europe Modular Construction Market Share, By Type, 2019 & 2026 (%)
Figure 33 Europe Modular Construction Market Share, By End User, 2019 & 2026 (%)
Figure 34 Europe Modular Construction Market Share, By Country, 2019 & 2026 (%)
Figure 35 Asia-Pacific Modular Construction Market Value, 2017-2026 (USD Million)
Figure 36 Asia-Pacific Modular Construction Market Share, By Material, 2019 & 2026 (%)
Figure 37 Asia-Pacific Modular Construction Market Share, By Type, 2019 & 2026 (%)
Figure 38 Asia-Pacific Modular Construction Market Share, By End User, 2019 & 2026 (%)
Figure 39 Asia-Pacific Modular Construction Market Share, By Country, 2019 & 2026 (%)
Figure 40 Middle East & Africa Modular Construction Market Value, 2017-2026 (USD Million)
Figure 41 Middle East & Africa Modular Construction Market Share, By Material, 2019 & 2026 (%)
Figure 42 Middle East & Africa Modular Construction Market Share, By Type, 2019 & 2026 (%)
Figure 43 Middle East & Africa Modular Construction Market Share, By End User, 2019 & 2026 (%)
Figure 44 Bouygues Construction: Financials
Figure 45 Algeco Scotsman: Financials
Figure 46 Laing O’rourke: Financials
Figure 47 Cimc Modular Building Systems Holding: Financials
Figure 48 Red Sea Housing: Financials
Figure 49 Kleusberg GmbH & Co. Kg: Financials
Figure 50 Kwikspace Modular Buildings: Financials
Figure 51 Westchester Modular Homes: Financials
Figure 52 Koma Modular: Financials
Figure 53 Skanska AB: Financials
 

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