View FREE report sample to gain more insights into the drivers impacting the growth of the modular construction market
The modular construction market size is expected to grow by USD 27.01 bn from 2020 to 2025. Moreover, the market is expected to post a year-over-year growth rate of 8.97%.
Market Segmentation Highlights
- By type, the modular construction market has been segmented into two segments, namely permanent and relocatable.
- The permanent segment is expected to have significant market share growth during the forecast period.
Regional Analysis
- By geography, the market has been segmented into five regions, namely North America, Europe, APAC, MEA, and South America.
- 28% of the growth will originate from North America.
- The US is a key country for the modular construction market in North America.
- North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period.
- The adoption of lean manufacturing techniques will drive the modular construction market growth in North America during the forecast period.
For additional inputs regarding the contribution of each segment of the modular construction market, View Our Free Sample Report Now
Key Vendors and Their Offerings
The vendor landscape of the modular construction market entails successful business strategies deployed by the vendors. Vendors are deploying various organic and inorganic growth strategies to compete in the market.
- ATCO Ltd. - The company offers modular construction such as workforce housing, multi-family residential housing, classrooms, and dormitories.
- Bechtel Corp. - The company offers modular construction for energy and industrial construction.
- DESIGN SPACE MODULAR BUILDINGS INC. - The company offers offices, restrooms, conference rooms under modular construction.
- Fluor Corp. - The company offers modular construction in the field of energy and chemicals, power, mining and metals, advanced technologies and life sciences, construction and rigging requirements.
- KLEUSBERG GmbH and Co KG - The company offers flexible construction, maintenance-free designs and materials of modular construction buildings.
Notes:
- The modular construction market size is expected to decelerate at a CAGR of 6.40% during the forecast period.
- The market is fragmented due to the presence of many vendors holding significant market share.
- The research report offers information on several market vendors, including ATCO Ltd., Bechtel Corp., DESIGN SPACE MODULAR BUILDINGS INC., Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp., Modulaire Group, Red Sea International Co, and Skanska AB
Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!
Related Reports:
- Construction Scaffolding Rental Market by Product, Application, End-user, and Geography - Forecast and Analysis 2021-2025: The construction scaffolding rental market size is expected to grow by USD 2.61 billion and record a CAGR of 5.51% from 2020 to 2025. Download Free Sample Report Now
- Construction Glass Market by End-user and Geography - Forecast and Analysis 2021-2025: The construction glass market value is projected to grow by USD 31.29 billion at a CAGR of 5.57% from 2020 to 2025. Download Free Sample Report Now
Modular Construction Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.40% |
Market growth 2021-2025 |
USD 27.01 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.97 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 28% |
Key consumer countries |
US, Afghanistan, Germany, France, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ATCO Ltd., Bechtel Corp., DESIGN SPACE MODULAR BUILDINGS INC., Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp., Modulaire Group, Red Sea International Co, and Skanska AB |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article