出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
Modular Construction Market – Global Forecast to 2029
モジュール建築市場 : タイプ (常設、再配置可能)、モジュール、材質 (木材、鉄鋼、コンクリート)、最終用途産業 (住宅、オフィス、教育、小売＆商業、ホスピタリティ、ヘルスケア)、地域別 – 2029年までの世界予測
Modular Construction Market by Type (Permanent, Relocatable), Module, Material (Wood, Steel, Concrete), End-Use Industry (Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare), Region – Global Forecast to 2029
| ページ数 | 284 |
| 図表数 | 314 |
| 価格 | |
| シングルユーザライセンス | USD 4,950 |
| マルチユーザライセンス（5名） | USD 6,650 |
| コーポレート（サイト）ライセンス | USD 8,150 |
| エンタープライズライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
The global modular construction market size is projected to grow from USD 104.1 billion in 2024 to USD 140.8 billion by 2029, at a CAGR of 6.2% during the forecast period.
世界のモジュール建築市場規模は、2024年の1,041億米ドルから2029年までに1,408億米ドルに、予測期間中に6.2%のCAGRで成長すると予測されています。
Shorter project schedules, housing shortages in many regions, financial construction requirements, and workforce scarcities, are the factors that drive the growth of the modular construction market.
By Type, Permanent modular construction segment to account for major market share
Permanent modular construction dominates the modular construction market due to its versatility, durability, and suitability for diverse building applications. Unlike relocatable modular construction, which is often used for temporary structures, permanent modular construction offers long-lasting solutions with greater design flexibility and customization options. The consistent standards of safety, quality, and durability associated with permanent modular construction make it a preferred choice for developers and clients seeking reliable building solutions.
By Material, steel to account for highest growth rate during the forecast period
Steel is the fastest growing segment in the modular construction market due to several key advantages. Firstly, steel is incredibly strong and durable, providing superior structural integrity and resistance to environmental factors such as moisture, pests, and fire. This strength allows for larger, more complex structures to be built using steel, expanding the scope of modular construction projects. Additionally, steel’s lightweight nature facilitates easier transportation and assembly of modular components, reducing construction time and costs. Furthermore, steel is highly versatile and can be easily customized to meet specific design requirements, offering architects and developers greater flexibility in their projects. Finally, steel is a sustainable building material, as it is often made from recycled materials and is fully recyclable at the end of its lifespan, aligning with the growing emphasis on eco-friendly construction practices. These advantages collectively contribute to the rapid growth of steel in the modular construction market, making it the preferred choice for many developers and builders.
By End Use Industry, Residential segment to account for the highest CAGR during the forecast period
The residential segment is experiencing rapid growth in the modular construction market due to several factors. The increasing demand for affordable housing solutions, particularly in urban areas, has propelled the adoption of modular construction techniques, which offer cost-effective and efficient building solutions. Additionally, modular construction allows for faster project completion times compared to traditional methods, enabling developers to meet the pressing need for housing more quickly.
By region, Asia Pacific modular construction market is projected to grow at the highest CAGR during the forecast period
Asia Pacific region is expected to expand at the highest CAGR from 2024 to 2029. Factors like easy and complete accessibility of raw materials and workforce, advanced technologies, have propelled the development of the economy in the Asia Pacific region. Additionally, rapid urbanization and industrialization in countries like China, Japan, and India are driving greater manufacturing and construction activities and, consequently, increasing demand for modular construction.
By Company: Tier1: 40%, Tier 2: 25%, Tier3: 4: 35%
By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, South America: 5%, and Middle East & Africa: 5%.
Companies Covered: Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Modulaire Group (UK), Bechtel Corporation (US), Fluor Corporation (US), Lendlease Corporation (Australia), Kleusberg GmbH (Germany), and others are covered in the modular construction market.
Research Coverage
The market study covers the modular construction market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, material, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the modular construction market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall modular construction market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Investments in infrastructure industry, increasing work-zone safety and building sustainability), restraints (Risk of transportation and assembly issues in modular constructions), opportunities (Population growth and urbanization translating to increased number of construction projects), and challenges (Lack of experts in the market) influencing the growth of the modular construction market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the modular construction market
• Market Development: Comprehensive information about lucrative markets – the report analyses the modular construction market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the modular construction market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Modulaire Group (UK), Bechtel Corporation (US), Fluor Corporation (US), Lendlease Corporation (Australia), Kleusberg GmbH (Germany) among others in the modular construction market. The report also helps stakeholders understand the pulse of the modular construction market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 MARKET SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 MODULAR CONSTRUCTION MARKET SEGMENTATION 28
1.3.2 YEARS CONSIDERED 28
1.3.3 REGIONAL SCOPE 29
FIGURE 2 MODULAR CONSTRUCTION MARKET, BY REGION 29
1.4 INCLUSIONS AND EXCLUSIONS 29
TABLE 1 INCLUSIONS AND EXCLUSIONS 29
1.5 CURRENCY CONSIDERED 30
1.6 LIMITATIONS 30
1.7 UNIT CONSIDERED 30
1.8 STAKEHOLDERS 30
1.9 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 3 MODULAR CONSTRUCTION MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Key data from primary sources 34
2.1.2.2 Key industry insights 34
2.1.2.3 Breakdown of primary interviews 35
2.2 MARKET SIZE ESTIMATION 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 36
2.3 DATA TRIANGULATION 37
FIGURE 6 MODULAR CONSTRUCTION MARKET: DATA TRIANGULATION 37
2.4 KEY MARKET INSIGHTS 38
2.5 IMPACT OF RECESSION 38
2.6 RESEARCH ASSUMPTIONS 39
2.6.1 LIMITS AND RISKS ASSOCIATED 39
2.6.2 RISK ASSESSMENT 40
TABLE 2 RISK ASSESSMENT IN MODULAR CONSTRUCTION MARKET 40
3 EXECUTIVE SUMMARY 41
FIGURE 7 PERMANENT MODULAR SEGMENT TO LEAD MARKET BY 2029 42
FIGURE 8 WOOD TO LEAD MODULAR CONSTRUCTION MARKET DURING FORECAST PERIOD 42
FIGURE 9 HEALTHCARE SEGMENT TO GROW AT FASTEST RATE DURING FORECAST PERIOD 43
FIGURE 10 ASIA PACIFIC LED MODULAR CONSTRUCTION MARKET IN 2023 43
4 PREMIUM INSIGHTS 45
4.1 ASIAN ECONOMIES TO WITNESS RELATIVELY HIGHER GROWTH RATE FOR MODULAR CONSTRUCTION MARKET 45
FIGURE 11 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MODULAR CONSTRUCTION MARKET 45
4.2 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY TYPE AND MATERIAL, 2023 46
FIGURE 12 PERMANENT MODULAR CONSTRUCTION ACCOUNTED FOR LARGER SHARE IN TERMS OF VOLUME 46
4.3 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY AND COUNTRY, 2023 47
FIGURE 13 RESIDENTIAL ACCOUNTED FOR LARGEST SHARE IN TERMS OF VOLUME 47
4.4 MODULAR CONSTRUCTION MARKET, BY COUNTRY 48
FIGURE 14 MODULAR CONSTRUCTION MARKET IN CHINA TO GROW AT HIGHEST CAGR 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MODULAR CONSTRUCTION MARKET 49
5.2.1 DRIVERS 50
5.2.1.1 Need for time-saving and cost-effective construction 50
5.2.1.2 Investments in infrastructure industry 50
FIGURE 16 PERCENTAGE ANNUAL GROWTH RATE FOR INDUSTRY INCLUDING CONSTRUCTION 51
5.2.1.3 Increasing work-zone safety and building sustainability 51
5.2.1.4 Ease of relocation of modular buildings 52
5.2.1.5 Supportive government initiatives 52
5.2.2 RESTRAINTS 53
5.2.2.1 Risks of transportation and assembly issues in modular construction 53
5.2.2.2 Lack of awareness in developing economies 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Population growth and urbanization translating to increased number of construction projects 53
FIGURE 17 INCREASING POPULATION TREND IN DIFFERENT REGIONS 54
TABLE 3 ASIA PACIFIC URBANIZATION TREND, 1990–2050 54
5.2.3.2 Increasing demand for high-end residential and multi-story buildings 55
FIGURE 18 BUILDINGS 200 METERS OR TALLER COMPLETED IN 2022, BY REGION 55
5.2.3.3 Housing crisis in developed countries 55
5.2.4 CHALLENGES 56
5.2.4.1 Lack of experts in market 56
5.2.4.2 Volatility in transportation charges 56
5.3 TRENDS & DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 56
FIGURE 19 REVENUE SHIFT FOR MODULAR CONSTRUCTION MANUFACTURERS 58
5.4 PRICING ANALYSIS 58
FIGURE 20 AVERAGE SELLING PRICE TREND OF MODULAR CONSTRUCTION OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES 58
TABLE 4 AVERAGE PRICE TREND OF MODULAR CONSTRUCTION OF KEY PLAYERS, BY TOP 3 END-USE INDUSTRIES (USD/SQUARE FOOT), 2023 59
FIGURE 21 AVERAGE SELLING PRICE TREND, BY REGION (USD/SQUARE FOOT) 59
TABLE 5 AVERAGE PRICE TREND, BY REGION (USD/SQUARE FOOT) 59
5.5 VALUE CHAIN ANALYSIS 60
FIGURE 22 SUPPLY CHAIN ANALYSIS 60
5.5.1 PROMINENT COMPANIES 60
5.5.2 SMALL & MEDIUM-SIZED ENTERPRISES 60
5.5.3 DESIGN 61
5.5.4 ENGINEERING 61
5.5.5 PERMITS & APPROVALS 62
5.5.6 SITE DEVELOPMENT & BUILDING FOUNDATION 62
5.5.7 PLANT FABRICATION 62
5.5.8 TRANSPORTATION 63
5.5.9 INSTALLATION 63
FIGURE 23 VALUE CHAIN ANALYSIS 63
5.6 ECOSYSTEM/MARKET MAP 64
FIGURE 24 ECOSYSTEM MAPPING 64
TABLE 6 ECOSYSTEM OF MODULAR CONSTRUCTION MARKET 65
FIGURE 25 ECOSYSTEM MAPPING ANALYSIS 66
5.7 TECHNOLOGY ANALYSIS 67
5.7.1 KEY TECHNOLOGIES 67
5.7.2 COMPLEMENTARY TECHNOLOGY 67
5.7.3 ADJACENT TECHNOLOGY 68
5.8 PATENT ANALYSIS 68
5.8.1 INTRODUCTION 68
5.8.2 METHODOLOGY 68
5.8.3 MODULAR CONSTRUCTION MARKET, PATENT ANALYSIS (2014–2023) 68
FIGURE 26 LIST OF MAJOR PATENTS FOR MODULAR CONSTRUCTION MARKET (2014–2023) 69
TABLE 7 LIST OF PATENTS FOR MODULAR CONSTRUCTION 69
5.9 TRADE ANALYSIS 73
FIGURE 27 EXPORT SCENARIO, HS CODE 9406: PREFABRICATED BUILDINGS, WHETHER OR NOT COMPLETE OR ALREADY ASSEMBLED (USD MILLION) 73
FIGURE 28 IMPORT SCENARIO, HS CODE 9406: PREFABRICATED BUILDINGS, WHETHER OR NOT COMPLETE OR ALREADY ASSEMBLED (USD MILLION) 73
5.10 KEY CONFERENCES AND EVENTS IN 2024–2025 74
TABLE 8 MODULAR CONSTRUCTION MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 74
5.11 TARIFF AND REGULATORY LANDSCAPE 75
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
5.12 TARIFF AND REGULATORY LANDSCAPE 76
5.12.1 AVERAGE TARIFF RATES 76
TABLE 11 TARIFF RELATED TO PREFABRICATED BUILDINGS, WHETHER OR NOT COMPLETE OR ALREADY ASSEMBLED 76
5.12.2 REGULATIONS IN MODULAR CONSTRUCTION MARKET 78
5.12.2.1 ICC/MBI 1200-2021 Standard for Off-site Construction 78
5.12.2.2 ICC/MBI 1205-2021 Standard for Off-site Construction 78
5.12.2.3 CSA A277 STANDARD 78
5.12.2.4 CSA Z240 MH Series-16 (R2021) STANDARD 78
5.12.2.5 CSA Z240.10.1:19 STANDARD 78
5.13 PORTER’S FIVE FORCES ANALYSIS 79
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS 79
TABLE 12 MODULAR CONSTRUCTION MARKET: PORTER’S FIVE FORCES ANALYSIS 79
5.13.1 THREAT OF NEW ENTRANTS 80
5.13.2 THREAT OF SUBSTITUTES 80
5.13.3 BARGAINING POWER OF SUPPLIERS 80
5.13.4 BARGAINING POWER OF BUYERS 80
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 81
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 81
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 81
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF MODULAR CONSTRUCTION MARKET 82
5.14.2 BUYING CRITERIA 82
FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 82
TABLE 14 KEY BUYING CRITERIA FOR MODULAR CONSTRUCTION IN TOP THREE END-USE INDUSTRIES 82
5.15 CASE STUDY ANALYSIS 83
5.15.1 MODULAR CONSTRUCTION MANUFACTURER HELPED IN SPEEDY CONSTRUCTION OF SCHOOL 83
5.15.2 MAJOR MODULAR CONSTRUCTION COMPANY HELPED PHARMACEUTICAL COMPANY DELIVER TEMPORARY SPACES 83
5.15.3 MODULAR CONSTRUCTION DELIVERED SUSTAINABLE HOSPITAL COMPLEX 83
5.16 INVESTMENT AND FUNDING SCENARIO 84
FIGURE 32 INVESTMENT AND FUNDING SCENARIO 84
5.17 MACROECONOMIC INDICATORS 85
5.17.1 INTRODUCTION 85
5.17.2 GDP TRENDS AND FORECASTS 85
TABLE 15 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 85
5.17.3 CONSTRUCTION INDUSTRY AS PERCENTAGE OF GDP AND ITS IMPACT ON MODULAR CONSTRUCTION 85
TABLE 16 CONSTRUCTION AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2021 86
6 MODULAR CONSTRUCTION MARKET, BY TYPE 87
6.1 INTRODUCTION 88
FIGURE 33 PERMANENT MODULAR CONSTRUCTION TO DOMINATE MARKET DURING FORECAST PERIOD 88
TABLE 17 MODULAR CONSTRUCTION MARKET, BY TYPE, 2022–2029 (USD MILLION) 88
TABLE 18 MODULAR CONSTRUCTION MARKET, BY TYPE, 2022–2029 (THOUSAND SQUARE FEET) 89
6.2 PERMANENT MODULAR CONSTRUCTION 89
6.2.1 EFFICIENT TIME AND LABOR MANAGEMENT TO DRIVE MARKET 89
6.3 RELOCATABLE MODULAR CONSTRUCTION 89
6.3.1 EASE OF RELOCATION, FAST DELIVERY, AND LOW COST TO DRIVE MARKET 89
7 MODULAR CONSTRUCTION MARKET, BY MODULE 90
7.1 INTRODUCTION 90
7.2 FOUR-SIDED MODULES 90
7.2.1 USE OF CELLULAR BUILDINGS TO PROPEL MARKET 90
7.3 OPEN-SIDED MODULES 90
7.3.1 INCREASED UTILIZATION IN LOW-RISE AND RESIDENTIAL BUILDINGS TO DRIVE MARKET 90
7.4 PARTIALLY OPEN-SIDED MODULES 90
7.4.1 INCREASED CONSTRUCTION SPEED IRRESPECTIVE OF WEATHER FLUCTUATIONS TO DRIVE MARKET 90
7.5 MIXED MODULES AND FLOOR CASSETTES 91
7.5.1 RESTRICTIONS DUE TO INCREASED LOAD ON MODULES IN CONSTRUCTION TO LIMIT MARKET 91
7.6 MODULES SUPPORTED BY PRIMARY STRUCTURES 91
7.6.1 USE IN MIXED RETAIL AND COMMERCIAL CONSTRUCTIONS TO DRIVE MARKET 91
7.7 OTHER MODULES 91
8 MODULAR CONSTRUCTION MARKET, BY MATERIAL 92
8.1 INTRODUCTION 93
FIGURE 34 STEEL TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 93
TABLE 19 MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (USD MILLION) 94
TABLE 20 MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (THOUSAND SQUARE FEET) 94
TABLE 21 MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 94
TABLE 22 MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 94
8.2 CONCRETE 95
8.2.1 INCREASED DURABILITY TO STIMULATE DEMAND 95
8.3 STEEL 95
8.3.1 IMPROVED STRUCTURAL INTEGRITY, DESIGN FLEXIBILITY, STRENGTH, DURABILITY, AND FIRE RESISTANCE TO DRIVE MARKET 95
8.4 WOOD 96
8.4.1 COST-EFFECTIVENESS AND EASY TRANSPORTATION TO DRIVE MARKET 96
9 MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY 97
9.1 INTRODUCTION 98
FIGURE 35 RESIDENTIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 98
TABLE 23 MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 98
TABLE 24 MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND SQUARE FEET) 99
TABLE 25 MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 99
TABLE 26 MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 100
9.2 RESIDENTIAL 100
9.2.1 ECO-FRIENDLY AND COST-EFFECTIVE PROPERTIES OF MODULAR CONSTRUCTION TO DRIVE MARKET 100
9.3 RETAIL & COMMERCIAL 101
9.3.1 EASE OF RELOCATION, LOW-COST RECONFIGURATION, AND FAST DELIVERY TO DRIVE MARKET 101
9.4 HEALTHCARE 101
9.4.1 SHORT CONSTRUCTION SCHEDULES AND REDUCED COSTS TO DRIVE MARKET 101
9.5 EDUCATION 101
9.5.1 COST EFFICIENCY, SUPERIOR BUILD TIME, AND OFF-SITE CONSTRUCTION POTENTIAL TO DRIVE MARKET 101
9.6 HOSPITALITY 102
9.6.1 GROWING NUMBER OF TOURISTS AND STRONG TOURISM SECTOR TO DRIVE MARKET 102
9.7 OFFICE 103
9.7.1 LESSER TIME AND DISRUPTIONS IN ONGOING WORK ENVIRONMENT TO DRIVE MARKET 103
9.8 OTHER END-USE INDUSTRIES 103
10 MODULAR CONSTRUCTION MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 36 CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 105
FIGURE 37 ASIA PACIFIC MARKET TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 106
TABLE 27 MODULAR CONSTRUCTION MARKET, BY REGION, 2022–2029 (USD MILLION) 106
TABLE 28 MODULAR CONSTRUCTION MARKET, BY REGION, 2022–2029 (THOUSAND SQUARE FEET) 106
10.2 ASIA PACIFIC 107
10.2.1 RECESSION IMPACT 107
FIGURE 38 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SNAPSHOT 108
TABLE 29 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 108
TABLE 30 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (THOUSAND SQUARE FEET) 109
TABLE 31 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (USD MILLION) 109
TABLE 32 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (THOUSAND SQUARE FEET) 109
TABLE 33 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 110
TABLE 34 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 110
TABLE 35 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 110
TABLE 36 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND SQUARE FEET) 111
TABLE 37 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 111
TABLE 38 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 112
10.2.2 CHINA 112
10.2.2.1 Government initiatives and favorable policies to drive market 112
TABLE 39 CHINA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 113
TABLE 40 CHINA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 114
TABLE 41 CHINA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 114
TABLE 42 CHINA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 114
10.2.3 JAPAN 115
10.2.3.1 Increasing urban population to drive market 115
TABLE 43 JAPAN: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 115
TABLE 44 JAPAN: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 115
TABLE 45 JAPAN: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 116
TABLE 46 JAPAN: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 116
10.2.4 AUSTRALIA & NEW ZEALAND 117
10.2.4.1 Growing population and stable economic conditions to support growth 117
TABLE 47 AUSTRALIA & NEW ZEALAND: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 117
TABLE 48 AUSTRALIA & NEW ZEALAND: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 117
TABLE 49 AUSTRALIA & NEW ZEALAND: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 118
TABLE 50 AUSTRALIA & NEW ZEALAND: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 118
10.2.5 INDIA 119
10.2.5.1 Rising population, GDP, and purchasing power of customers to stimulate growth 119
TABLE 51 INDIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 119
TABLE 52 INDIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 119
TABLE 53 INDIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 120
TABLE 54 INDIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 120
10.2.6 SOUTH KOREA 121
10.2.6.1 Commercial construction projects to drive demand 121
TABLE 55 SOUTH KOREA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 121
TABLE 56 SOUTH KOREA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 121
TABLE 57 SOUTH KOREA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 122
TABLE 58 SOUTH KOREA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 122
10.2.7 REST OF ASIA PACIFIC 122
TABLE 59 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 123
TABLE 60 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 123
TABLE 61 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 123
TABLE 62 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 124
10.3 NORTH AMERICA 124
10.3.1 RECESSION IMPACT 125
FIGURE 39 NORTH AMERICA: MODULAR CONSTRUCTION MARKET SNAPSHOT 125
TABLE 63 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 126
TABLE 64 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (THOUSAND SQUARE FEET) 126
TABLE 65 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (USD MILLION) 126
TABLE 66 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (THOUSAND SQUARE FEET) 126
TABLE 67 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 127
TABLE 68 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 127
TABLE 69 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 127
TABLE 70 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND SQUARE FEET) 128
TABLE 71 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 128
TABLE 72 NORTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 129
10.3.2 US 129
10.3.2.1 Growing building construction, renovation, and remolding activities to boost market 129
TABLE 73 US: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 130
TABLE 74 US: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 130
TABLE 75 US: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 130
TABLE 76 US: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 131
10.3.3 CANADA 131
10.3.3.1 Increase in remolding activities to propel market 131
TABLE 77 CANADA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 131
TABLE 78 CANADA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 132
TABLE 79 CANADA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 132
TABLE 80 CANADA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 132
10.3.4 MEXICO 133
10.3.4.1 Growth in construction and infrastructure sectors to drive market 133
TABLE 81 MEXICO: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 133
TABLE 82 MEXICO: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 133
TABLE 83 MEXICO: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 134
TABLE 84 MEXICO: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 134
10.4 EUROPE 135
TABLE 85 EUROPE: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 135
TABLE 86 EUROPE: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (THOUSAND SQUARE FEET) 136
TABLE 87 EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (USD MILLION) 136
TABLE 88 EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (THOUSAND SQUARE FEET) 136
TABLE 89 EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 137
TABLE 90 EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 137
TABLE 91 EUROPE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 137
TABLE 92 EUROPE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND SQUARE FEET) 138
TABLE 93 EUROPE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 138
TABLE 94 EUROPE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 139
TABLE 95 EUROPE: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2022–2029 (USD MILLION) 139
TABLE 96 EUROPE: MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, 2022–2029 (THOUSAND SQUARE FEET) 139
10.4.1 GERMANY 140
10.4.1.1 Shortage of affordable homes and slow growth in industrialization 140
TABLE 97 GERMANY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 140
TABLE 98 GERMANY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 141
TABLE 99 GERMANY: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 141
TABLE 100 GERMANY: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 141
10.4.2 UK 142
10.4.2.1 Government to create new opportunities for modular building manufacturers 142
TABLE 101 UK: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 142
TABLE 102 UK: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 142
TABLE 103 UK: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 143
TABLE 104 UK: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 143
10.4.3 FRANCE 143
10.4.3.1 Growing demand for modular wood buildings to drive market 143
TABLE 105 FRANCE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 144
TABLE 106 FRANCE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 144
TABLE 107 FRANCE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 145
TABLE 108 FRANCE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 145
10.4.4 ITALY 145
10.4.4.1 Investments in construction sector and awareness about modular homes to drive market 145
TABLE 109 ITALY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 146
TABLE 110 ITALY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 146
TABLE 111 ITALY: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 146
TABLE 112 ITALY: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 147
10.4.5 SPAIN 147
10.4.5.1 Increase in demand for affordable homes to drive market 147
TABLE 113 SPAIN: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 147
TABLE 114 SPAIN: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 148
TABLE 115 SPAIN: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 148
TABLE 116 SPAIN: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 148
10.4.6 RUSSIA 149
10.4.6.1 High demand for new housing to drive market 149
TABLE 117 RUSSIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 149
TABLE 118 RUSSIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 149
TABLE 119 RUSSIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 150
TABLE 120 RUSSIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 150
10.4.7 AUSTRIA 150
10.4.7.1 Housing initiatives by government to drive demand 150
TABLE 121 AUSTRIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 151
TABLE 122 AUSTRIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 151
TABLE 123 AUSTRIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 152
TABLE 124 AUSTRIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 152
10.4.8 POLAND 152
10.4.8.1 Rise in price of building materials and labor shortage in traditional construction methods to drive market 152
TABLE 125 POLAND: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 153
TABLE 126 POLAND: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 153
TABLE 127 POLAND: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 153
TABLE 128 POLAND: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 154
10.4.9 REST OF EUROPE 154
TABLE 129 REST OF EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 154
TABLE 130 REST OF EUROPE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 155
TABLE 131 REST OF EUROPE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 155
TABLE 132 REST OF EUROPE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 155
10.5 MIDDLE EAST & AFRICA 156
10.5.1 RECESSION IMPACT 156
TABLE 133 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 156
TABLE 134 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (THOUSAND SQUARE FEET) 157
TABLE 135 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (USD MILLION) 157
TABLE 136 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (THOUSAND SQUARE FEET) 157
TABLE 137 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 158
TABLE 138 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 158
TABLE 139 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 158
TABLE 140 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND SQUARE FEET) 159
TABLE 141 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 159
TABLE 142 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 160
10.5.2 GCC COUNTRIES 160
TABLE 143 GCC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 160
TABLE 144 GCC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 160
TABLE 145 GCC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 161
TABLE 146 GCC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 161
10.5.2.1 Saudi Arabia 161
10.5.2.1.1 Mega housing projects and increase in demand for affordable houses to drive market 161
TABLE 147 SAUDI ARABIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 162
TABLE 148 SAUDI ARABIA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 162
TABLE 149 SAUDI ARABIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 163
TABLE 150 SAUDI ARABIA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 163
10.5.2.2 UAE 163
10.5.2.2.1 Strong government support and ongoing construction projects to stimulate market 163
TABLE 151 UAE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 164
TABLE 152 UAE: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 164
TABLE 153 UAE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 165
TABLE 154 UAE: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 165
10.5.2.3 Rest of GCC 166
TABLE 155 REST OF GCC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 166
TABLE 156 REST OF GCC: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 166
TABLE 157 REST OF GCC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 166
TABLE 158 REST OF GCC: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 167
10.5.3 TURKEY 167
10.5.3.1 Housing schemes initiated by government to drive market 167
TABLE 159 TURKEY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 168
TABLE 160 TURKEY: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 168
TABLE 161 TURKEY: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 168
TABLE 162 TURKEY: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 169
10.5.4 SOUTH AFRICA 169
10.5.4.1 Rapid urbanization and growing demand for sustainable buildings to drive market 169
TABLE 163 SOUTH AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 170
TABLE 164 SOUTH AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 170
TABLE 165 SOUTH AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 170
TABLE 166 SOUTH AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 171
10.5.5 REST OF MIDDLE EAST & AFRICA 171
TABLE 167 REST OF MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 171
TABLE 168 REST OF MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 172
TABLE 169 REST OF MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 172
TABLE 170 REST OF MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 172
10.6 SOUTH AMERICA 173
10.6.1 RECESSION IMPACT 173
TABLE 171 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (USD MILLION) 173
TABLE 172 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2022–2029 (THOUSAND SQUARE FEET) 174
TABLE 173 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (USD MILLION) 174
TABLE 174 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2018–2021 (THOUSAND SQUARE FEET) 174
TABLE 175 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 174
TABLE 176 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 175
TABLE 177 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION) 175
TABLE 178 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND SQUARE FEET) 175
TABLE 179 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 176
TABLE 180 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 176
10.6.2 BRAZIL 176
10.6.2.1 Booming construction industry to drive market 176
TABLE 181 BRAZIL: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 177
TABLE 182 BRAZIL: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 177
TABLE 183 BRAZIL: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 177
TABLE 184 BRAZIL: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 178
10.6.3 ARGENTINA 178
10.6.3.1 Increased construction to drive market 178
TABLE 185 ARGENTINA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 178
TABLE 186 ARGENTINA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 179
TABLE 187 ARGENTINA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 179
TABLE 188 ARGENTINA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 179
10.6.4 REST OF SOUTH AMERICA 180
TABLE 189 REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (USD MILLION) 180
TABLE 190 REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2022–2029 (THOUSAND SQUARE FEET) 180
TABLE 191 REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION) 181
TABLE 192 REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND SQUARE FEET) 181
11 COMPETITIVE LANDSCAPE 182
11.1 OVERVIEW 182
TABLE 193 OVERVIEW OF STRATEGIES ADOPTED BY KEY MODULAR CONSTRUCTION PLAYERS 182
11.2 REVENUE ANALYSIS OF TOP MARKET PLAYERS 183
FIGURE 40 REVENUE ANALYSIS FOR KEY COMPANIES IN MODULAR CONSTRUCTION MARKET, 2019–2023 183
11.3 MARKET SHARE ANALYSIS 184
FIGURE 41 MODULAR CONSTRUCTION: MARKET SHARE ANALYSIS 184
TABLE 194 MODULAR CONSTRUCTION MARKET: DEGREE OF COMPETITION 184
11.4 COMPANY VALUATION AND FINANCIAL METRICS 186
FIGURE 42 COMPANY VALUATION (USD BILLION) 186
FIGURE 43 FINANCIAL MATRIX: EV/EBITDA RATIO 186
11.5 PRODUCT/BRAND COMPARISON 187
FIGURE 44 MODULAR CONSTRUCTION MARKET: PRODUCT COMPARISON 187
11.6 COMPANY EVALUATION MATRIX 188
11.6.1 STARS 188
11.6.2 EMERGING LEADERS 188
11.6.3 PERVASIVE PLAYERS 188
11.6.4 PARTICIPANTS 188
FIGURE 45 COMPANY EVALUATION MATRIX, 2023 189
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS 190
FIGURE 46 MODULAR CONSTRUCTION MARKET: COMPANY FOOTPRINT 190
TABLE 195 MODULAR CONSTRUCTION MARKET: REGIONAL FOOTPRINT (19 COMPANIES) 191
TABLE 196 MODULAR CONSTRUCTION MARKET: MATERIAL FOOTPRINT (19 COMPANIES) 192
TABLE 197 MODULAR CONSTRUCTION MARKET: TYPE FOOTPRINT (19 COMPANIES) 193
TABLE 198 MODULAR CONSTRUCTION MARKET: END-USE INDUSTRY FOOTPRINT (19 COMPANIES) 194
11.7 START-UPS/SMES EVALUATION MATRIX 195
11.7.1 PROGRESSIVE COMPANIES 195
11.7.2 RESPONSIVE COMPANIES 195
11.7.3 DYNAMIC COMPANIES 195
11.7.4 STARTING BLOCKS 195
FIGURE 47 START-UPS/SMES EVALUATION MATRIX: MODULAR CONSTRUCTION MARKET, 2023 196
11.7.5 COMPETITIVE BENCHMARKING 197
TABLE 199 MODULAR CONSTRUCTION MARKET: DETAILED LIST OF KEY STARTUPS/SMES 197
TABLE 200 MODULAR CONSTRUCTION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 198
11.8 COMPETITIVE SITUATIONS AND TRENDS 199
11.8.1 PRODUCT LAUNCHES 199
TABLE 201 MODULAR CONSTRUCTION MARKET: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023 199
11.8.2 DEALS 200
TABLE 202 MODULAR CONSTRUCTION MARKET: DEALS, JANUARY 2019–DECEMBER 2023 200
11.8.3 EXPANSIONS 207
TABLE 203 MODULAR CONSTRUCTION MARKET: EXPANSIONS, JANUARY 2019–DECEMBER 2023 207
11.8.4 OTHER DEVELOPMENTS 207
TABLE 204 MODULAR CONSTRUCTION MARKET: OTHER DEVELOPMENTS, JANUARY 2019–MARCH 2024 207
12 COMPANY PROFILES 211
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
12.1 KEY PLAYERS 211
12.1.1 LAING O’ROURKE 211
TABLE 205 LAING O’ROURKE: COMPANY OVERVIEW 211
FIGURE 48 LAING O’ROURKE: COMPANY SNAPSHOT 212
TABLE 206 LAING O’ROURKE: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023 213
TABLE 207 LAING O’ROURKE: DEALS, JANUARY 2019–DECEMBER 2023 213
TABLE 208 LAING O’ROURKE: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 214
12.1.2 RED SEA INTERNATIONAL 216
TABLE 209 RED SEA INTERNATIONAL: COMPANY OVERVIEW 216
FIGURE 49 RED SEA INTERNATIONAL: COMPANY SNAPSHOT 217
TABLE 210 RED SEA INTERNATIONAL: DEALS, JANUARY 2019–DECEMBER 2023 219
TABLE 211 RED SEA INTERNATIONAL: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 219
12.1.3 SKANSA AB 222
TABLE 212 SKANSA AB: BUSINESS OVERVIEW 222
FIGURE 50 SKANSA AB: COMPANY SNAPSHOT 222
TABLE 213 SKANSKA AB: DEALS, JANUARY 2019–DECEMBER 2023 223
TABLE 214 SKANSKA AB: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 224
12.1.4 ATCO LTD. 226
TABLE 215 ATCO LTD.: COMPANY OVERVIEW 226
FIGURE 51 ATCO LTD.: COMPANY SNAPSHOT 227
TABLE 216 ATCO LTD.: DEALS, JANUARY 2019–DECEMBER 2023 228
TABLE 217 ATCO LTD.: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 229
12.1.5 MODULAIRE GROUP 231
TABLE 218 MODULAIRE GROUP: BUSINESS OVERVIEW 231
TABLE 219 MODULAIRE GROUP: DEALS, JANUARY 2019–DECEMBER 2023 232
12.1.6 KLEUSBERG GMBH & CO. KG 236
TABLE 220 KLEUSBERG GMBH & CO. KG: COMPANY OVERVIEW 236
TABLE 221 KLEUSBERG GMBH & CO. KG: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023 237
TABLE 222 KLEUSBERG GMBH & CO. KG: EXPANSIONS, JANUARY 2019–DECEMBER 2023 237
TABLE 223 KLEUSBERG GMBH & CO. KG: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 238
12.1.7 LENDLEASE CORPORATION 240
TABLE 224 LENDLEASE CORPORATION: COMPANY OVERVIEW 240
FIGURE 52 LENDLEASE CORPORATION: COMPANY SNAPSHOT 241
TABLE 225 LENDLEASE CORPORATION: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023 242
TABLE 226 LENDLEASE CORPORATION: DEALS, JANUARY 2019–DECEMBER 2023 243
12.1.8 BECHTEL CORPORATION 244
TABLE 227 BECHTEL CORPORATION: COMPANY OVERVIEW 244
FIGURE 53 BECHTEL CORPORATION: COMPANY SNAPSHOT 244
TABLE 228 BECHTEL CORPORATION: DEALS, JANUARY 2019–DECEMBER 2023 245
TABLE 229 BECHTEL CORPORATION: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 246
12.1.9 FLUOR CORPORATION 247
TABLE 230 FLUOR CORPORATION: COMPANY OVERVIEW 247
FIGURE 54 FLUOR CORPORATION: COMPANY SNAPSHOT 247
TABLE 231 FLUOR CORPORATION: DEALS, JANUARY 2019–DECEMBER 2023 249
TABLE 232 FLUOR CORPORATION: OTHER DEVELOPMENTS, JANUARY 2019–FEBRUARY 2024 250
12.1.10 BOUYGUES CONSTRUCTION 252
TABLE 233 BOUYGUES CONSTRUCTION: COMPANY OVERVIEW 252
FIGURE 55 BOUYGUES CONSTRUCTION: COMPANY SNAPSHOT 253
12.1.11 VINCI S.A. 254
TABLE 234 VINCI S.A.: COMPANY OVERVIEW 254
FIGURE 56 VINCI S.A.: COMPANY SNAPSHOT 254
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 256
12.2.1 KWIKSPACE MODULAR BUILDINGS 256
TABLE 235 KWIKSPACE MODULAR BUILDINGS: COMPANY OVERVIEW 256
12.2.2 WESTCHESTER MODULAR HOMES, INC. 257
TABLE 236 WESTCHESTER MODULAR HOMES, INC.: COMPANY OVERVIEW 257
12.2.3 WERNICK GROUP LIMITED 258
TABLE 237 WERNICK GROUP LIMITED: COMPANY OVERVIEW 258
12.2.4 KOMA MODULAR 259
TABLE 238 KOMA MODULAR: COMPANY OVERVIEW 259
12.2.5 ELEMENTS EUROPE 260
TABLE 239 ELEMENTS EUROPE: COMPANY OVERVIEW 260
12.2.6 PREMIER MODULAR 261
TABLE 240 PREMIER MODULAR: COMPANY OVERVIEW 261
12.2.7 THE ALHO GROUP 262
TABLE 241 THE ALHO GROUP: COMPANY OVERVIEW 262
12.2.8 INVESTWOOD, SA 263
TABLE 242 INVESTWOOD, SA: COMPANY OVERVIEW 263
12.2.9 BROAD GROUP 264
TABLE 243 BROAD GROUP: COMPANY OVERVIEW 264
12.2.10 MIGHTY BUILDINGS, INC. 265
TABLE 244 MIGHTY BUILDINGS, INC.: COMPANY OVERVIEW 265
12.2.11 FACTORY_OS 266
TABLE 245 FACTORY_OS: COMPANY OVERVIEW 266
12.2.12 BLOKABLE INC. 267
TABLE 246 BLOKABLE INC.: COMPANY OVERVIEW 267
12.2.13 MODULOUS 268
TABLE 247 MODULOUS: COMPANY OVERVIEW 268
12.2.14 NEXII BUILDING SOLUTIONS 269
TABLE 248 NEXII BUILDING SOLUTIONS: COMPANY OVERVIEW 269
12.2.15 DUBOX 270
TABLE 249 DUBOX: COMPANY OVERVIEW 270
12.2.16 CONNECT HOMES 271
TABLE 250 CONNECT HOMES: COMPANY OVERVIEW 271
12.2.17 GUERDON, LLC. 272
TABLE 251 GUERDON, LLC.: COMPANY OVERVIEW 272
13 ADJACENT & RELATED MARKET 273
13.1 INTRODUCTION 273
TABLE 252 PRE-ENGINEERED BUILDINGS MARKET 273
13.2 PRE-ENGINEERED BUILDINGS MARKET 273
13.2.1 MARKET DEFINITION 273
13.2.2 MARKET OVERVIEW 273
13.3 PRE-ENGINEERED BUILDINGS MARKET, BY STRUCTURE 274
TABLE 253 PRE-ENGINEERED BUILDINGS MARKET, BY STRUCTURE, 2017–2024 (USD MILLION) 274
TABLE 254 PRE-ENGINEERED BUILDINGS MARKET, BY STRUCTURE, 2017–2024 (MILLION SQUARE FEET) 274
13.4 PRE-ENGINEERED BUILDINGS MARKET, BY APPLICATION 274
TABLE 255 PRE-ENGINEERED BUILDINGS MARKET, BY APPLICATION, 2017–2024 (USD MILLION) 274
TABLE 256 PRE-ENGINEERED BUILDINGS MARKET, BY APPLICATION, 2017–2024 (MILLION SQUARE FEET) 275
13.5 PRE-ENGINEERED BUILDINGS MARKET, BY REGION 275
TABLE 257 PRE-ENGINEERED BUILDINGS MARKET, BY REGION, 2017–2024 (USD MILLION) 275
TABLE 258 PRE-ENGINEERED BUILDINGS MARKET, BY REGION, 2017–2024 (MILLION SQUARE FEET) 275
14 APPENDIX 276
14.1 DISCUSSION GUIDE 276
14.2 CUSTOMIZATION OPTIONS 280
14.3 RELATED REPORTS 280
14.4 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 281
14.5 AUTHOR DETAILS 283
Table of Contents