Modular Construction Market Size, Share & Trends Analysis Report By Type (Permanent, Relocatable), By Application (Residential, Commercial, Industrial, Healthcare), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 102 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The global modular construction market size is expected to reach USD 174.6 billion by 2025, accelerating at a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Increasing emphasis on improving productivity and rising focus on workplace safety at construction sites are expected to drive the market over the forecast period.

The process involves prefabrication of modules away from the actual site in a controlled environment, resulting in reduced timelines for completing building projects. This process allows planned inventory usage and limited wastage of raw materials, thereby, significantly reducing the investment required for building work. Assembly lines for modular construction help producers streamline raw material purchasing and inventory management.

Modular constructions are monitored regularly, ensuring better quality of final products. Furthermore, they can be easily replaced or recycled during renovation activities, thus, making them more user-friendly. Permanent modular construction segment dominated the industry in Sweden and accounted for 69.1% of the overall market share in 2018 owing to increased demand for residential wooden housing structures in the region.

The industry players are expected to target developing economies such as India, China, and Southeast Asian countries to tap robust opportunities resulting from rapid growth of building sector. Increasing efforts by companies to adopt the latest technologies such as 3D printing and building information modeling (BIM) for optimizing offsite module construction activities are expected to have a positive impact on the industry growth. However, fluctuation in transportation cost is anticipated to hamper the market growth over the forecast period.

Further key findings from the report suggest:

• In Asia Pacific, residential application is expected to progress at a CAGR of 6.9% over the forecast period. This growth can be attributed to the growing population, which, in turn, demands high investment for development of residential housing projects

• In India, modular construction in healthcare application segment was valued at USD 809.5 million in 2018 on account of high budgetary outlay for the development of healthcare infrastructure by public and private investors

• The U.S. accounted for 79.3% of the regional market in 2018, owing to rising adoption of eco-friendly building practices by companies in the Americas

• Commercial modular construction segment in Asia Pacific accounted for USD 7.34 billion in 2018, due to rising investments for establishment of offices, hotels, and restaurants.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumption
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Modular Construction Market Variables, Trends & Scope
                    3.1. Market Segmentation & Scope
                    3.2. Penetration and Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Raw Material Trends
                        3.3.2. Manufacturing Trends
                        3.3.3. Sales Channel Analysis
                    3.4. Technology Overview
                    3.5. Regulatory Framework
                    3.6. Market Dynamics
                        3.6.1. Market Driver Analysis
                        3.6.2. Market Restraint Analysis
                        3.6.3. Industry Challenges
                    3.7. Business Environment Analysis: Modular Construction Market
                        3.7.1. Industry Analysis - Porter's
                            3.7.1.1. Supplier Power
                            3.7.1.2. Buyer power
                            3.7.1.3. Threat of substitutes
                            3.7.1.4. Threat of new entrants
                            3.7.1.5. Competitive rivalry
                        3.7.2. PESTEL Analysis
                            3.7.2.1. Political Landscape
                            3.7.2.2. Economic Landscape
                            3.7.2.3. Social Landscape
                            3.7.2.4. Technological Landscape
                            3.7.2.5. Environmental Landscape
                            3.7.2.6. Legal Landscape
                    3.8. Case Studies
Chapter 4. Modular Construction Market: Type Estimates & Trend Analysis
                    4.1. Type Movement Analysis & Market Share, 2018 & 2025
                    4.2. Relocatable
                        4.2.1. Global relocatable modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
                    4.3. Permanent
                        4.3.1. Global permanent modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 5. Modular Construction Market: Application Estimates & Trend Analysis
                    5.1. Definition & Scope
                    5.2. Application Movement Analysis & Market Share, 2018 & 2025
                    5.3. Residential
                        5.3.1. Global residential modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
                    5.4. Commercial
                        5.4.1. Global commercial modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
                    5.5. Industrial
                        5.5.1. Global industrial modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
                    5.6. Healthcare
                        5.6.1. Global healthcare modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
                    5.7. Educational
                        5.7.1. Global educational modular construction market estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 6. Modular Construction Market: Regional Estimates & Trend Analysis
                    6.1. Definition & Scope
                    6.2. Regional Market Snapshot
                    6.3. North America
                        6.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                        6.3.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                        6.3.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.3.4. U.S.
                            6.3.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.3.4.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.3.4.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.3.5. Canada
                            6.3.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.3.5.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.3.5.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.3.6. Mexico
                            6.3.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.3.6.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.3.6.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                    6.4. Europe
                        6.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                        6.4.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                        6.4.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.4.4. U.K.
                            6.4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.4.4.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.4.4.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.4.5. Germany
                            6.4.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.4.5.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.4.5.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.4.6. Sweden
                            6.4.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.4.6.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.4.6.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                    6.5. Asia Pacific
                        6.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                        6.5.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                        6.5.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.5.4. China
                            6.5.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.4.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.5.4.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.5.5. Japan
                            6.5.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.5.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.5.5.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.5.6. India
                            6.5.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.6.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.5.6.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.5.7. Singapore
                            6.5.7.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.7.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.5.7.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.5.8. Australia
                            6.5.8.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.8.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.5.8.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                    6.6. Central & South America
                        6.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                        6.6.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                        6.6.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.6.4. Brazil
                            6.6.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.6.4.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.6.4.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                    6.7. Middle East & Africa
                        6.7.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                        6.7.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                        6.7.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.7.4. Saudi Arabia
                            6.7.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.7.4.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.7.4.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
                        6.7.5. United Arab Emirates
                            6.7.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.7.5.2. Market estimates and forecasts, by type, 2014 - 2025 (USD Million)
                            6.7.5.3. Market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Chapter 7. Competitive Analysis
                    7.1. Key Global Players & Recent Developments & Their Impact On The Industry
                    7.2. Key Company/Competition Categorization
                    7.3. Vendor Landscape
                    7.4. Public Companies
                        7.4.1. Company Market Position analysis
                        7.4.2. Competitive Dashboard Analysis
                        7.4.3. SWOT
                    7.5. Private Companies
                        7.5.1. List of Key Emerging Companies And Their Geographical Presence
Chapter 8. Company Profiles
                    8.1. Sekisui House Ltd.
                        8.1.1. Company Overview
                        8.1.2. Financial Performance
                        8.1.3. Product Benchmarking
                        8.1.4. Strategic Initiatives
                    8.2. LAING O'ROURKE
                        8.2.1. Company Overview
                        8.2.2. Financial Performance
                        8.2.3. Product Benchmarking
                        8.2.4. Strategic Initiatives
                    8.3. RED SEA HOUSING
                        8.3.1. Company Overview
                        8.3.2. Financial Performance
                        8.3.3. Product Benchmarking
                        8.3.4. Strategic Initiatives
                    8.4. Skanska
                        8.4.1. Company Overview
                        8.4.2. Financial Performance
                        8.4.3. Product Benchmarking
                        8.4.4. Strategic Initiatives
                    8.5. Bouygues Construction
                        8.5.1. Company Overview
                        8.5.2. Financial Performance
                        8.5.3. Product Benchmarking
                        8.5.4. Strategic Initiatives
                    8.6. Katerra
                        8.6.1. Company Overview
                        8.6.2. Financial Performance
                        8.6.3. Product Benchmarking
                        8.6.4. Strategic Initiatives
                    8.7. KLEUSBERG GmbH & Co KG
                        8.7.1. Company Overview
                        8.7.2. Financial Performance
                        8.7.3. Product Benchmarking
                        8.7.4. Strategic Initiatives
                    8.8. Dubox
                        8.8.1. Company Overview
                        8.8.2. Financial Performance
                        8.8.3. Product Benchmarking
                        8.8.4. Strategic Initiatives
                    8.9. Wernick Group
                        8.9.1. Company Overview
                        8.9.2. Financial Performance
                        8.9.3. Product Benchmarking
                        8.9.4. Strategic Initiatives
                    8.10. CIMC Modular Building Systems Holdings Co., Ltd.
                        8.10.1. Company Overview
                        8.10.2. Financial Performance
                        8.10.3. Product Benchmarking
                        8.10.4. Strategic Initiatives
                    8.11. RIKO Group
                        8.11.1. Company Overview
                        8.11.2. Financial Performance
                        8.11.3. Product Benchmarking
                        8.11.4. Strategic Initiatives
                    8.12. Lendlease Corporation
                        8.12.1. Company Overview
                        8.12.2. Financial Performance
                        8.12.3. Product Benchmarking
                        8.12.4. Strategic Initiatives
                    8.13. Algeco
                        8.13.1. Company Overview
                        8.13.2. Financial Performance
                        8.13.3. Product Benchmarking
                        8.13.4. Strategic Initiatives
                    8.14. Guerdon Modular Buildings
                        8.14.1. Company Overview
                        8.14.2. Financial Performance
                        8.14.3. Product Benchmarking
                        8.14.4. Strategic Initiatives
                    8.15. Hickory Group
                        8.15.1. Company Overview
                        8.15.2. Financial Performance
                        8.15.3. Product Benchmarking
                        8.15.4. Strategic Initiatives

List of Tables

1. Modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
2. Modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
3. Relocatable modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
4. Permanent modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
5. Modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
6. Modular residential construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
7. Modular commercial construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
8. Modular industrial construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
9. Modular healthcare construction market revenue estimates and forecasts 2014 - 2025 (USD Million)
10. Modular educational construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
11. North America modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
12. North America modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
13. North America modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
14. U.S. modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
15. U.S. modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
16. U.S. modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
17. Canada modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
18. Canada modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
19. Canada modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
20. Mexico modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
21. Mexico modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
22. Mexico modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
23. Europe modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
24. Europe modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
25. Europe modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
26. U.K. modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
27. U.K. modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
28. U.K. modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
29. Germany modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
30. Germany modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
31. Germany modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
32. Sweden modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
33. Sweden modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
34. Sweden modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
35. Asia Pacific modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
36. Asia Pacific modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
37. Asia Pacific modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
38. China modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
39. China modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
40. China modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
41. Japan modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
42. Japan modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
43. Japan modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
44. India modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
45. India modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
46. India modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
47. Singapore modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
48. Singapore modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
49. Singapore modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
50. Australia modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
51. Australia modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
52. Australia modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
53. Central & South America modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
54. Central & South America modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
55. Central & South America modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
56. Brazil modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
57. Brazil modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
58. Brazil modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
59. Middle East & Africa modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
60. Middle East & Africa modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
61. Middle East & Africa modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
62. Saudi Arabia modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
63. Saudi Arabia modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
64. Saudi Arabia modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)
65. United Arab Emirates modular construction market revenue estimates and forecasts, 2014 - 2025 (USD Million)
66. United Arab Emirates modular construction market revenue estimates and forecasts, by type 2014 - 2025 (USD Million)
67. United Arab Emirates modular construction market revenue estimates and forecasts, by application 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom Up Approach
Fig. 5 Market research approaches - Top Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Modular Construction Market - Market Segmentation
Fig. 8 Penetration and Growth Prospect Mapping
Fig. 9 Modular Construction - Value Chain Analysis
Fig. 10 Modular Construction - Market Dynamics
Fig. 11 Market Driver Analysis
Fig. 12 Market Restraint Analysis
Fig. 14 Modular Construction Market: Type Movement Analysis, 2018 & 2025
Fig. 15 Modular Construction Market: Application Movement Analysis, 2018 & 2025
Fig. 16 Modular Construction Market: Regional Market Snapshot
Fig. 17 Key Company/Competition Categorization