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Global Modular Construction Market Set to Reach USD 129.30 Billion by 2030 with a Steady CAGR of 6.1%

12-16-2024 05:26 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Modular Construction Market

Modular Construction Market

The global modular construction market has witnessed substantial growth, valued at USD 94.57 billion in 2022, and is projected to soar to USD 175.15 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period. Modular construction is transforming the building industry by offering cost-effective, sustainable, and time-efficient solutions.

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

Vietnam is emerging as a significant player in the modular construction market, fueled by rapid urbanization and government initiatives promoting infrastructure development. The Vietnamese government's plans to modernize urban areas have led to increased adoption of modular building techniques. Recent mergers, such as the collaboration between ๐•๐ข๐ง๐ ๐ซ๐จ๐ฎ๐ฉ
and international construction firms, highlight the potential for modular innovations in residential and commercial spaces.

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

Thailand's modular construction market is experiencing robust growth due to expanding tourism infrastructure and industrial projects. Key players, such as Siam Cement Group, have entered partnerships with technology firms to enhance modular construction capabilities. Notable developments include the integration of eco-friendly materials into modular designs to meet sustainability goals.

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‰๐š๐ฉ๐š๐ง ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

Japan's market showcases trends in advanced modular technologies, particularly for disaster-resistant buildings. Leading companies like ๐’๐ž๐ค๐ข๐ฌ๐ฎ๐ข ๐‡๐จ๐ฎ๐ฌ๐ž have pioneered smart modular solutions tailored for urban environments. The Japanese government's focus on rebuilding resilient infrastructure in earthquake-prone regions has accelerated modular construction's adoption.

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

South Korea's modular construction industry is witnessing consolidation as major firms collaborate to expand production capabilities. Companies such as ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข ๐„๐ง๐ ๐ข๐ง๐ž๐ž๐ซ๐ข๐ง๐  & ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง are investing in prefabrication plants to cater to rising demand. A notable merger between ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐‚&๐“ and local modular specialists has streamlined supply chains and enhanced technological capabilities.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/25426/

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

Singapore stands at the forefront of modular construction innovation, with government-backed initiatives promoting green and smart construction practices. The adoption of Prefabricated Prefinished Volumetric Construction (PPVC) has positioned Singapore as a global leader. Companies like ๐๐จ๐ฎ๐ฌ๐ญ๐ž๐š๐ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ฌ have spearheaded recent projects, incorporating cutting-edge technology and sustainability principles.

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐’ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

In the United States, opportunities abound as modular construction gains traction in residential and commercial sectors. Increased investment by firms like Clayton Homes and partnerships with tech startups have expanded the industry's reach. Federal infrastructure funding has further driven demand for modular solutions in affordable housing and healthcare facilities.

๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐Œ๐จ๐๐ฎ๐ฅ๐š๐ซ ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

Europe's modular construction market is thriving, driven by stringent sustainability regulations and urban housing shortages. Companies such as ๐‹๐š๐ข๐ง๐  ๐Ž'๐‘๐จ๐ฎ๐ซ๐ค๐ž have adopted innovative modular methods to address housing demands in the UK and Germany. Recent acquisitions, including ๐’๐ค๐š๐ง๐ฌ๐ค๐š'๐ฌ purchase of local modular firms, highlight the consolidation trend.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ

๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐…๐จ๐œ๐ฎ๐ฌ : Modular construction aligns with global sustainability goals, reducing waste and carbon footprints.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ข๐จ๐ง : Advancements in Building Information Modeling (BIM) and automation have enhanced efficiency.

๐€๐Ÿ๐Ÿ๐จ๐ซ๐๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ : Modular solutions offer cost savings, appealing to both developers and end-users.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/25426/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐ฎ๐œ๐ค๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Permanent
Relocatable

The market is divided into two segments based on type: permanent and relocatable. By 2030, it is anticipated that the permanent modular construction type category will hold the biggest market shares, at xxx%. Using offshore and lean manufacturing technologies, permanent modular construction (PMC) is an innovative and sustainable building method that prefabricates single or multi-story structures in modular components. It is possible to mold PMC to fit into an already-existing structure. For instance, the Hawaii Film Studio used PMC to meet strict budgetary and schedule requirements. Examples of permanent modular construction include restaurants, hotels, schools, and healthcare institutions.

๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ

Steel
Wood
Concrete

The market is divided into three segments based on the material: concrete, steel, and wood. The steel material segment is anticipated to expand at a compound annual growth rate (CAGR) of xxx% from 2024 to 2030. In terms of material consumption, steel holds the largest market share in the global modular building industry. Its strength-to-weight ratio is well known. There are several benefits that steel-framed relocatable buildings offer over wood-framed ones. These characteristics, which lower the need for repairs and maintenance over the structure's lifetime, include design flexibility, strength, structural integrity, durability, security, and fire resistance.

๐›๐ฒ ๐Œ๐จ๐๐ฎ๐ฅ๐ž

Four-sided
Open-sided
Partially open-sided
Mixed modules & floor cassettes
Modules supported by a primary structure
Others

๐›๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž

Sector Residential

Office
Education
Retail & Commercial
Hospitality
Healthcare
Others

Residential, Office, Education, Retail & Commercial, Hospitality, Healthcare, and Others are the market segments based on the End-Use Sector. The healthcare sector is anticipated to expand at a compound annual growth rate (CAGR) of xxx% from 2024 to 2030. Many healthcare organizations and hospital contractors are using modular construction for headwalls, bathrooms, and even entire facilities. Modular architecture is advantageous for medical, surgical, clinical, and dental applications because to its quietness, safety, and cleanliness. In this sector, cutting costs and construction schedules is a top priority, although superior building materials and designs are also desired. These are the main factors anticipated to accelerate this market segment's expansion in the worldwide modular construction market between 2024 and 2030.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/request-sample/25426/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐๐ฎ๐œ๐ค๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. ATCO
2. Anderco Pte. Ltd.
3. Giant Containers Inc.
4. Honomobo Corporation
5. Lendlease Corporation
6. SG Blocks, Inc.
7. Skanska AB
8. Speed House Group of Companies
9. Supertech Industries LLC
10.Tempohousing.
11.Laing O'Rourke
12.Red Sea Housing
13.Atco Ltd.
14.Algeco Scotsman
15.Kleusberg GmbH
16.Katerra
17.Bechtel Corporation
18.Fluor Corporation

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐๐ฎ๐œ๐ค๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Modular Construction ?
What is the growth rate of the Modular Construction Market?
Which are the factors expected to drive the Modular Construction market growth?
What is the CAGR at which the Modular Construction market will grow during the forecast period?
What are the different segments of the Modular Construction Market?
Which is the fastest growing region in the Modular Construction market?
What growth strategies are the players considering to increase their presence in Modular Construction ?
What are the upcoming opportunities and trends for the Modular Construction Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Modular Construction Market?
Who are the leading companies and what are their portfolios in Modular Construction Market?
What segments are covered in the Modular Construction Market?
Who are the key players in the Modular Construction market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/contact-us/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global Geocells Market https://www.maximizemarketresearch.com/market-report/global-geocells-market/27005/

โ™ฆ Global Marine Adhesives Market https://www.maximizemarketresearch.com/market-report/global-chlorine-market/15326/

โ™ฆ Wood Pellets Market https://www.maximizemarketresearch.com/market-report/global-wood-pellets-market/30306/

โ™ฆ Calcium Carbonate Market https://www.maximizemarketresearch.com/market-report/global-calcium-carbonate-market/24709/

โ™ฆ Lab Grown Diamonds Market https://www.maximizemarketresearch.com/market-report/lab-grown-diamonds-market/193972/

โ™ฆ Dredging Market https://www.maximizemarketresearch.com/market-report/global-dredging-market/110051/

โ™ฆ Aluminum Die Casting Market https://www.maximizemarketresearch.com/market-report/aluminum-die-casting-market/133357/

โ™ฆ Hydrogel Market https://www.maximizemarketresearch.com/market-report/global-hydrogel-market/30928/

โ™ฆ Global Copper Pipes and Tubes Market https://www.maximizemarketresearch.com/market-report/global-copper-pipes-and-tubes-market/63353/

โ™ฆ Global Goji Berries Market https://www.maximizemarketresearch.com/market-report/global-goji-berries-market/71727/

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

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