Press release
Off-site Construction Market to Rise from USD 151 Billion to USD 221 Billion by 2030 at 5.58% CAGR - Off-site Construction Market Forecast
Off-site Construction Market
According to a new report by Maximize Market Research, the global off-site construction market was valued at USD 151.16 billion in 2023 and is projected to reach approximately USD 221.10 billion by 2030, representing a compound annual growth rate (CAGR) of 5.58% over the forecast period.
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♦ Key Highlights
Market Size & CAGR: USD 151.16 billion in 2023, projected to reach USD 221.10 billion by 2030; CAGR of 5.58% (2024-2030).
Leading Application/Segment: Fixed type dominates with 65.56% market share in 2023; movable type is the fastest-growing at 6.29% CAGR .
Dominant Methods: Panelized construction leads with a 33.24% share in 2023 .
Largest Regional Market: North America held the largest share at 34.70% in 2023; Asia-Pacific offers significant growth opportunities .
Key Drivers: Demand for faster project delivery, cost efficiency, precision from factory-manufacturing, reduced onsite labor, and sustainability .
Top Companies: (Not specified in the excerpt; data absent.)
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♦ Body Content
♦ Market Outlook
The off-site construction market is on track for steady growth from USD 151.16 billion in 2023 to USD 221.10 billion by 2030, at a solid 5.58% CAGR . Adoption is bolstered by developers' preference for fixed-type modules due to their recommended reliability and structural stability, while movable-type modules gain traction thanks to design flexibility, forecasting a faster growth rate (6.29% CAGR).
♦ Methods & Segmentation
Panelized construction constitutes around one-third of the market (33.24% share in 2023), valued for its precise factory production and ability to reduce on-site time . Other methods like volumetric, hybrid, and sub-assemblies also contribute to the diversified mix of off-site solutions .
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♦ Regional Insights
North America leads the global market with a 34.70% share in 2023, driven by the region's regulatory support, awareness of sustainable practices, and urgency to meet infrastructure and housing demand quickly. Europe shows moderate growth (4.89% CAGR), influenced by an increasing shift toward industrialized modular solutions in countries like Sweden, the Netherlands, and the UK. Asia-Pacific is poised for notable expansion, powered by high demand in China, India, Japan, and Singapore for off-site solutions to support rapid urban development.
♦ Key Drivers & Trends
Growing expectations for faster, cost-effective, and sustainable building methods drive the shift toward off-site construction. Controlled factory environments support greater precision, reduced onsite labor, shortened delivery timelines, and greener construction - aligning with sustainability and efficiency goals.
♦ Key Players
The report did not specify company names in the publicly available summary.
1. ATCO (Canadian Utilities,)
2. Anderco Pte. Ltd (Singapore)
3. Giant Containers Inc (Canada)
4. Honomobo Corporation (Alberta, Canada.)
5. Lendlease Corporation (Sydney, Australia)
6. SG Blocks Inc (United States)
7. Skanska AB (Stockholm, Sweden)
8. Blokable Inc. (United States)
9. Blu Homes (Vallejo, California, United States.)
10. Emagispace (United States)
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/off-site-construction-market/169386/
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
► Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
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