What is Driving Growth in the Modular Construction Market?

In recent years, the Global Modular Construction Market Size has experienced substantial growth due to rising global demand and rapid technological advancements. This comprehensive report explores the current market trends, future growth opportunities, and detailed segmentation across key categories such as [key segment categories].

"The global modular construction market size was USD 89.44 billion in 2024 and the market growth is projected to grow from USD 94.84 billion in 2025 to USD 151.53 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period. The Asia Pacific dominated global market with a share of 45.32% in 2024."

What is the Market Forecast for the Modular Construction Industry?

The Modular Construction market is projected to grow significantly over the forecast period, supported by increasing automation, evolving consumer preferences, and strong investments in innovation. The report provides a full forecast including market size, CAGR, and year-over-year growth analysis.

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Who are the Leading Companies in the Modular Construction Market?

The Modular Construction market is led by top players such as Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH & Co. KG (Germany), Katerra (U.S.), Lendlease Corporation (Australia) and other prominent industry participants. These companies are investing in product innovation, global expansion, and mergers and acquisitions to strengthen their market position.

What are the Key Features of the Modular Construction Market Report?

• Market performance and growth trends
• Market outlook through 2032
• Impact of COVID-19 on the industry
• Porter's Five Forces and SWOT analysis
• Competitive landscape and major developments
• Value chain and supply chain analysis
• Regional market performance and future potential

What Insights Does the Report Provide on Regional Markets?

The report provides a detailed regional breakdown covering:

• North America including the United States, Canada, and Mexico
• Europe including Germany, the United Kingdom, France, Italy, Spain, and rest of Europe
• Asia Pacific including China, India, Japan, South Korea, Australia, and rest of Asia Pacific
• South America including Brazil, Argentina, and rest of South America
• Middle East and Africa including Saudi Arabia, the United Arab Emirates, South Africa, and the rest of MEA

This regional insight helps businesses understand market dynamics across key geographies and develop targeted growth strategies.

What are the Latest Developments in the Modular Construction Market?

Recent developments include strategic partnerships, technological advancements, new product launches, and expansion into emerging markets. These updates are helping reshape the competitive landscape and create new opportunities for growth.

• SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.
• Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.
• Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group's modular construction business.
• Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company's multifamily portfolio.
• Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.

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