Modular Construction Market Valued US$ 160.15 Billion and Projected Grow at 5.70% CAGR by 2032

Global modular construction market size and share is currently valued at USD 92.57 billion in 2023 and is anticipated to generate an estimated revenue of USD 160.15 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.70% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 - 2032

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/modular-construction-market/request-for-sample

The growing industrialization and urbanization in developing nations is one of the primary catalysts supporting the development of the market. Based on type analysis, the relocatable modular construction segment is anticipated to account for the largest revenue share. By region, the Asia-Pacific region dominated the market in 2022.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The top industry participants in the modular construction market rely on advanced technology and top-notch products to boost revenue growth. Besides, these firms employ various strategies like technological innovations, and mergers and acquisitions to maintain a competitive market edge:

• ACS Group
• Algeco
• Bouygues Construction
• CIMC Modular Building Systems Holdings Co., Ltd
• Guerdon Enterprise LLC
• KEF Infra
• Katerra Inc.
• Laing O'Rourke
• Red Sea Housing Services
• Skanska AB

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2865/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

𝐁𝐲 𝐓𝐲𝐩𝐞

• Relocatable
• Permanent

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥

• Steel
• Wood
• Concrete
• Plastic
• Others

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐌𝐨𝐝𝐮𝐥𝐚𝐫 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧?

Modular kitchen is a term for contemporary design that has built-in units, which are referred to as modules. The architectural style comes with repeated section having a few standard-sized components. The main aim of modular construction is to improve usability and support effective space management. Each module in this construction type is built away from the main site and then delivered to the intended site via suitable transportation methods. Modular construction typically falls under one of two types: permanent modular construction and temporary modular construction. The modules in modular construction can be made using various materials, including steel, wood, concrete and plastic, amongst others.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/modular-construction-market

𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

• The global modular construction market was valued at USD 92.57 billion in 2023 and is projected to grow to USD 160.15 billion by 2032.

• The market is anticipated to exhibit a CAGR of 5.70% during the forecast period.

• The industry is primarily segmented based on type, material, and region.

• The North America region is anticipated to witness the fastest growth in the market.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐔𝐚𝐯 (𝐔𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐀𝐞𝐫𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/unified-communications-market

𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐀𝐧𝐝 𝐅𝐚𝐫𝐦 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/agriculture-and-farm-equipment-market

𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐈𝐧-𝐅𝐥𝐢𝐠𝐡𝐭 𝐄𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 (𝐖-𝐈𝐟𝐞) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/wireless-in-flight-entertainment-market

𝐆𝐚𝐫𝐝𝐞𝐧𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/gardening-equipment-market

𝐒𝐦𝐚𝐫𝐭 𝐅𝐥𝐞𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/smart-fleet-management-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.