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COVID-19
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Modular Construction Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global modular construction market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Modular construction refers to the off-site development of prefabricated engineered buildings in controlled industrial conditions. It involves the use of individual modules or sections, such as kitchens, bathroom pods and complete or partial rooms, manufactured in a facility using standard materials and code of construction. These modules are further assembled at the building site and are reinforced with a self-supporting structure or an independent structural framework for multi-story buildings. In comparison to the traditionally used construction methods, modular construction is faster, cost-effective, sustainable and causes minimal disturbances and waste generation. It can also be conveniently disassembled, refurbished and relocated with low resource requirements.

Modular Construction Market Trends:

Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement for time and cost-effective construction solutions is providing a thrust to the growth of the market. With the rising environmental consciousness among the masses, consumers are widely adopting permanent modular constructions (PMC) for developing sustainable commercial, industrial and residential complexes. They are also used for establishing custom-built rehabilitation clinics, emergency rooms, operating rooms, hospital extensions, laboratories, diagnostic centers and other medical facilities. In line with this, widespread adoption of steel-based frames, wall panels and hot-rolled frameworks is also contributing to the market growth. They offer enhanced structural integrity, design flexibility, security and fire resistance. Additionally, the increasing utilization of lean manufacturing techniques and technologically advanced equipment is also favoring the market growth. Other factors, including increasing expenditure capacities of the consumers, along with the implementation of favorable government policies promoting infrastructural development, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global modular construction market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, module type, material and end use.

Breakup by Type:

  • Permanent
  • Relocatable
     

Breakup by Module Type:

  • Four Sided
  • Open Sided
  • Partially Open Sided
  • Mixed Modules and Floor Cassettes
  • Modules Supported by a Primary Structure
  • Others
     

Breakup by Material:

  • Steel
  • Concrete
  • Wood
  • Plastic
  • Others
     

Breakup by End Use:

  • Residential
  • Commercial
  • Education
  • Retail
  • Hospitality
  • Healthcare
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Algeco, Balfour Beatty plc, Bouygues, Etex Group, Guerdon LLC, KLEUSBERG GmbH & Co KG, Laing O'Rourke, Larsen & Toubro Limited, Lendlease Corporation, Red Sea International, Skanska AB and Taisei Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Module Type, Material, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Algeco, Balfour Beatty plc, Bouygues, Etex Group, Guerdon LLC, KLEUSBERG GmbH & Co KG, Laing O'Rourke, Larsen & Toubro Limited, Lendlease Corporation, Red Sea International, Skanska AB and Taisei Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global modular construction market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global modular construction market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the module type?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global modular construction market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1 Bottom-Up Approach
        2.4.2 Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Modular Construction Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Permanent
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Relocatable
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Module Type
    7.1    Four Sided
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Open Sided
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Partially Open Sided
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Mixed Modules and Floor Cassettes
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Modules Supported by a Primary Structure
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Material
    8.1    Steel
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Concrete
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Wood
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Plastic
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by End Use
    9.1    Residential
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Education
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Retail
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Hospitality
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Healthcare
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others 
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Algeco
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Balfour Beatty plc
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Bouygues
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Etex Group
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Guerdon LLC
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    KLEUSBERG GmbH & Co KG
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Laing O'Rourke
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 SWOT Analysis
        15.3.8    Larsen & Toubro Limited
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Lendlease Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Red Sea International
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Skanska AB
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12   Taisei Corporation
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Modular Construction Market: Major Drivers and Challenges
Figure 2: Global: Modular Construction Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Modular Construction Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Modular Construction Market: Breakup by Type (in %), 2020
Figure 5: Global: Modular Construction Market: Breakup by Module Type (in %), 2020
Figure 6: Global: Modular Construction Market: Breakup by Material (in %), 2020
Figure 7: Global: Modular Construction Market: Breakup by End Use (in %), 2020
Figure 8: Global: Modular Construction Market: Breakup by Region (in %), 2020
Figure 9: Global: Modular Construction (Permanent) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Modular Construction (Permanent) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Modular Construction (Relocatable) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Modular Construction (Relocatable) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Modular Construction (Four Sided) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Modular Construction (Four Sided) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Modular Construction (Open Sided) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Modular Construction (Open Sided) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Modular Construction (Partially Open Sided) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Modular Construction (Partially Open Sided) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Modular Construction (Mixed Modules and Floor Cassettes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Modular Construction (Mixed Modules and Floor Cassettes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Modular Construction (Modules Supported by a Primary Structure) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Modular Construction (Modules Supported by a Primary Structure) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Modular Construction (Other Module Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Modular Construction (Other Module Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Modular Construction (Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Modular Construction (Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Modular Construction (Concrete) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Modular Construction (Concrete) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Modular Construction (Wood) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Modular Construction (Wood) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Modular Construction (Plastic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Modular Construction (Plastic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Modular Construction (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Modular Construction (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Modular Construction (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Modular Construction (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Modular Construction (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Modular Construction (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Modular Construction (Education) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Modular Construction (Education) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Modular Construction (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Modular Construction (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Global: Modular Construction (Hospitality) Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Global: Modular Construction (Hospitality) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Global: Modular Construction (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Global: Modular Construction (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Global: Modular Construction (Other End Uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Global: Modular Construction (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: North America: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: North America: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: United States: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: United States: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Canada: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Canada: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Asia-Pacific: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Asia-Pacific: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: China: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: China: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Japan: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Japan: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: India: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: India: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: South Korea: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: South Korea: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Australia: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Australia: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Indonesia: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Indonesia: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Europe: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Europe: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Germany: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Germany: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: France: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: France: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: United Kingdom: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: United Kingdom: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Italy: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Italy: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Spain: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Spain: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Russia: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Russia: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Others: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Others: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Latin America: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Latin America: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Brazil: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Brazil: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Mexico: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 92: Mexico: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Others: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 94: Others: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 95: Middle East and Africa: Modular Construction Market: Sales Value (in Million US$), 2015 & 2020
Figure 96: Middle East and Africa: Modular Construction Market: Breakup by Country (in %), 2020
Figure 97: Middle East and Africa: Modular Construction Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 98: Global: Modular Construction Industry: SWOT Analysis
Figure 99: Global: Modular Construction Industry: Value Chain Analysis
Figure 100: Global: Modular Construction Industry: Porter's Five Forces Analysis
 

List of Tables

Table 1: Global: Modular Construction Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Modular Construction Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Modular Construction Market Forecast: Breakup by Module Type (in Million US$), 2021-2026
Table 4: Global: Modular Construction Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 5: Global: Modular Construction Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 6: Global: Modular Construction Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Modular Construction Market: Competitive Structure
Table 8: Global: Modular Construction Market: Key Players

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