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Modular Construction Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71123
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The modular construction market share should rise by USD 27.01 billion from 2021 to 2025 at a CAGR of 6.40%.

This modular construction market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (permanent and relocatable) and geography (North America, Europe, APAC, MEA, and South America). The modular construction market report also 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 among others.

What will the Modular Construction Market Size be in 2021?

To Unlock the Modular Construction Market Size for 2021 and Other Important Statistics, Download the Free Report Sample!

Modular Construction Market: Key Drivers and Trends

The rising demand to eliminate on-site constraints is notably driving the modular construction market growth, although factors such as lack of awareness and volatility in transportation charges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the modular construction industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This modular construction market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Modular Construction Market Vendors?

The report analyzes the market’s competitive landscape and 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
  • Skanska AB

 

The vendor landscape of the modular construction market entails successful business strategies deployed by the vendors. The modular construction market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the modular construction market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Modular Construction Market?

For more insights on the market share of various regions Request for a FREE sample now!

28% of the market’s growth will originate from North America during the forecast period. The US is a key market for modular construction in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. 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 facilitate the modular construction market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Type Segments in the Modular Construction Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The modular construction market share growth by the permanent segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the modular construction market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

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

$ 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 the forecast period

Customization purview

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What are the Key Factors Covered in this Modular Construction Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive modular construction market growth during the next five years
  • Precise estimation of the modular construction market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the modular construction market across North America, Europe, APAC, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of modular construction market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Permanent - Market size and forecast 2020-2025
  • Relocatable - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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
  • Skanska AB

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The modular construction market growth will increase by $27.01 billion during 2020-2025.
The modular construction market is expected to grow at a CAGR of 6.40% during 2020-2025.
Technavio has segmented the modular construction market by type (Permanent and Relocatable) and geographic (North America, Europe, APAC, MEA, and South America).
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, Skanska AB are a few of the key vendors in the modular construction market.
North America will register the highest growth rate of 28.47% among the other regions. Therefore, the modular construction market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Afghanistan
  • Germany
  • France
  • Japan
The key factors driving the modular construction market growth are:
  • Rising demand to eliminate on-site constraints
The modular construction market vendors should focus on grabbing business opportunities from the permanent segment as it accounted for the largest market share in the base year.
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