The Modular Construction Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Modular Construction Market?
The market size of modular construction has seen significant growth recently. It is projected to increase from $101.67 billion in 2024 to $108.6 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Modular Construction Industry?
The Modular Construction market is forecasted to reach a market size of $150.79 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.6%.
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What are the Key Growth Drivers Fueling the Modular Construction Market?
The key drivers in the modular construction market are:
• Increased need for resilient and disaster-ready construction solutions
• Governmental support and regulations promoting modular construction
• Expansion of modular construction within healthcare and education sectors
• Workforce shortages resulting in a push towards modular construction
Global Market Segmentation: Identifying Major Modular Construction Industry Segments
The modular construction market covered in this report is segmented –
1) By Type: Permanent, Relocatable
2) By Material: Steel, Wood, Concrete
3) By Module: Four-sided, Open-Sided, Partially Open-Sided, Mixed modules And Floor Cassettes, Modules supported By A primary structure, Other Modules
4) By End-Use Sector: Residential, Office, Education, Retail And Commercial, Hospitality, Healthcare, Other End Users
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What are the Emerging Trends Shaping the Future of the Modular Construction Market?
The key trends in the modular construction market are:
• Regulatory support is an emerging trend shaping the future of the modular construction market.
• The growth in healthcare and education facilities is increasingly influencing the market.
• The need for resilience and disaster response in construction is becoming a significant trend.
• There is a growing trend towards cost predictability, flexibility and customization in modular construction.
Who Are the Top Competitors & Leading Players in the Modular Construction Market?
Major companies in the modular construction market are:
• Bouygues Construction SA
• Laing O'Rourke
• Skanska AB
• ATCO Ltd.
• Balfour Beatty Plc.
• Taisei Corporation
• Supertech Industries LLC
• Anderco Pte. Ltd.
• Giant Containers Inc.
• Honomobo Corporation
• Lendlease Corporation
• SG Blocks Inc.
• Guerdon L.L.C
• Modulex PLC
• Bechtel Corporation
• ACS Group
• Fluor Corporation
• JL Construction
• Julius Berger Nigeria PLC
• Kiewit Corporation
• Larsen & Toubro Limited
• McGRATH RENTCORP
• Palomar Modular Buildings
• Red Sea Housing Services
• SEKISUI CHEMICAL CO. LTD
• System House R & C Co. Ltd
• WillScot Mobile Mini Holdings Corp
• Westchester Modular Homes
• Koma Modular
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the modular construction market share in 2024
