Modular Construction Market to Witness a Healthy CAGR of 5.70% with USD 160.15 billion 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

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐋𝐢𝐧𝐤: https://www.polarismarketresearch.com/industry-analysis/modular-construction-market/request-for-sample

𝐌𝐨𝐝𝐮𝐥𝐚𝐫 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The modular construction market involves the production and assembly of prefabricated building units, known as modules, which are constructed off-site and then transported to the final building site for assembly. This method offers significant advantages in terms of time efficiency, cost savings, and sustainability compared to traditional construction methods.

𝐒𝐨𝐦𝐞 𝐎𝐟 𝐓𝐡𝐞 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐈𝐧 𝐓𝐡𝐞 𝐃𝐍𝐀 𝐒𝐞𝐪𝐮𝐞𝐧𝐜𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐫𝐞:

• 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 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐲 𝐓𝐲𝐩𝐞

• Relocatable
• Permanent

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥

• Steel
• Wood
• Concrete
• Plastic
• Others

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡

The modular construction market has been experiencing substantial growth, driven by the increasing demand for efficient, cost-effective, and sustainable building solutions. The market is expected to continue its expansion due to ongoing urbanization, the rising need for affordable housing, and advancements in construction technology.

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

𝐌𝐨𝐝𝐮𝐥𝐚𝐫 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• In 2022, the Relocatable segment held the largest revenue share in the modular construction market due to the growing trend of relocatable modular buildings can be credited to their adaptability and cost-efficient nature. This construction approach has gained widespread acceptance, especially in sectors such as education, healthcare, and retail, where there's a demand for temporary facilities such as classrooms, clinics, and pop-up stores. Furthermore, the rapid deployment of temporary housing makes relocatable modular buildings a popular choice in disaster relief efforts.

• The permanent modular construction segment anticipated the for the significant growth during the forecast period. Modular construction offers several benefits like reduced environmental impact, improved quality control, and savings in time and costs. It enables shorter construction timelines and reduced labor expenses by building modules off-site, allowing for simultaneous construction at the factory and on-site. Additionally, it is more sustainable as it consumes less energy and generates less waste.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐇𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝 𝐑𝐨𝐛𝐨𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/03/06/2620962/0/en/Global-Household-Robots-Market-Size-Share-Projected-to-Achieve-USD-31-99-Billion-By-2030-at-16-8-CAGR-Polaris-Market-Research.html

𝐂𝐨𝐦𝐦𝐚𝐧𝐝 𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/03/06/2621102/0/en/Global-Command-Control-Systems-Market-Size-Projected-to-Exceed-USD-64-25-Billion-By-2032-at-6-6-CAGR-Polaris-Market-Research.html

𝐃𝐨𝐨𝐫 𝐚𝐧𝐝 𝐖𝐢𝐧𝐝𝐨𝐰 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/03/08/2623001/0/en/Global-Size-for-Door-and-Window-Automation-Market-Estimated-to-Surpass-USD-30-48-Billion-by-2032-With-5-3-CAGR-Polaris-Market-Research.html

𝐎𝐧-𝐝𝐞𝐦𝐚𝐧𝐝 𝐖𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/03/08/2622902/0/en/Global-On-demand-Wellness-Software-Market-Size-Report-Forecasted-to-Reach-USD-817-58-Million-by-2030-at-8-5-CAGR-Polaris-Market-Research.html

𝐒𝐭𝐚𝐫𝐭𝐞𝐫 𝐂𝐮𝐥𝐭𝐮𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/03/08/2623167/0/en/Global-Value-of-Starter-Cultures-Market-Size-Share-Envisaged-to-Reach-USD-1-80-Billion-By-2030-With-5-4-CAGR-Polaris-Market-Research.html

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.