Modular Construction Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Modular Construction Market Through 2025?_x000D_
Recent years have seen substantial growth in the size of the modular construction market. Projected to increase from $101.67 billion in 2024, it is expected to hit $107.83 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.1%. Factors contributing to this growth during the historical period include industrialization, adherence to mass production principles, a surge in housing demands post-war, the appeal of cost and time efficiency, increasing consciousness about sustainability, and development in transportation infrastructure._x000D_
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What's the Projected Size of the Global Modular Construction Market by 2029?_x000D_
The market size of modular construction is anticipated to witness substantial expansion in the forthcoming years. The market is projected to swell to $148.57 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. The projected growth in this period can be ascribed to durable and disaster-prepared strategies, governmental endorsement and guidelines, growth in the healthcare and education sectors, design flexibility, and labor deficiencies. Prominent trends during the forecast period consist of regulatory backing, expansion of healthcare and education infrastructures, resilience and disaster management, cost certainty, along with flexibility and personalization._x000D_
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Top Growth Drivers in the Modular Construction Industry: What's Accelerating the Market? _x000D_
The surge in demand for construction work is anticipated to drive the growth of the modular construction market. The construction industry, which encompasses trade and manufacturing sectors engaged in infrastructure construction, repair, renovation, and maintenance, is creating a need for modular construction. This approach is used to expedite the construction process of residential and commercial buildings. It enables the construction industry to accelerate the overall project by setting up climate-controlled facilities and reducing labor costs, leading to a significant reduction in work duration and time. For example, according to the U.S. Construction Cost Trends report of 2022, there is an escalating demand for residential construction in the U.S., resulting in increased demand for materials and labor, heightening competition, and cost pressures. Construction spending in the U.S. has seen a 16% increase since the start of the pandemic. Consequently, the rise in construction activities is expected to fuel the modular construction market._x000D_
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What Are the Key Trends Driving Modular Construction Market Growth?_x000D_
The emergence of product innovations is an ascending trend in the modular construction market. Companies that have a significant presence in the modular construction market are beginning to offer innovative products to maintain their market position. For instance, Black Buffalo 3D Corporation, a company based in the United States that operates within the modular construction industry, introduced NEXCON 3D printers to the market in February 2022. This innovative product utilizes 3D printing technology to overcome conventional obstacles faced by the construction sector. Among the unique features of Black Buffalo 3D's NEXCON is its ability to print components or walls quickly, affordably, and resulting in a stronger, more durable end product, thanks to a modular gantry design that is motion-centric and can produce more efficient structures. This multi-axis gantry system is designed to generate precise prints for any style of 3D-modeled design that can be made using standard CAD software, with a capability of printing buildings as tall as three stories._x000D_
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What Are the Main Segments in the Modular Construction Market?_x000D_
The modular construction market covered in this report is segmented -_x000D_
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1) By Type: Permanent, Relocatable _x000D_
2) By Material: Steel, Wood, Concrete _x000D_
3) By Module: Four-sided, Open-Sided, Partially Open-Sided, Mixed modules And Floor Cassettes, Modules supported By A primary structure, Other Modules_x000D_
4) By End-Use Sector: Residential, Office, Education, Retail And Commercial, Hospitality, Healthcare, Other End Users_x000D_
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Subsegments:_x000D_
1) By Permanent: Modular Buildings, Permanent Structures_x000D_
2) By Relocatable: Temporary Facilities, Mobile Units_x000D_
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Which Top Companies are Driving Growth in the Modular Construction Market?_x000D_
Major companies operating in the modular construction market are Bouygues Construction SA, Laing O'Rourke, Skanska AB, ATCO Ltd., Balfour Beatty Plc., Taisei Corporation, Supertech Industries LLC, Anderco Pte. Ltd., Giant Containers Inc., Honomobo Corporation, Lendlease Corporation, SG Blocks Inc., Guerdon L.L.C, Modulex PLC, Bechtel Corporation, ACS Group, Fluor Corporation, JL Construction, Julius Berger Nigeria PLC, Kiewit Corporation, Larsen & Toubro Limited, McGRATH RENTCORP, Palomar Modular Buildings, Red Sea Housing Services, SEKISUI CHEMICAL CO. LTD, System House R & C Co. Ltd, WillScot Mobile Mini Holdings Corp, Westchester Modular Homes, Koma Modular _x000D_
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Which Regions Will Dominate the Modular Construction Market Through 2029?_x000D_
Asia-Pacific was the largest region in the modular construction market share in 2024. The regions covered in the modular construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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