United States Modular Construction Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The global modular construction market reached US$ 96.8 billion in 2023, with a rise to US$ 104.1 billion in 2024, and is expected to reach US$ 200.6 billion by 2033, growing at a CAGR of 7.6% during the forecast period 2025-2033.

Key Development:

United States: Recent Industry Developments

✅ In September 2025, U.S. liquefied natural gas (LNG) developers, including Venture Global and Commonwealth LNG, adopted modular construction methods to mitigate rising costs. By fabricating parts offsite and assembling them on location, these companies aim to improve efficiency and control costs amid supply chain constraints and labor shortages.

✅ In August 2025, modular housing startup Boxabl announced plans to go public through a $3.5 billion merger with FG Merger II. This move aims to scale up production of its foldable "Casita" homes and enhance research and development efforts.

✅ In July 2025, Cleveland announced four finalists for its initiative to address the city's housing crisis through the construction of modular homes. These homes, built in factories and assembled on-site, offer a fast and cost-effective solution to the city's multi-billion dollar housing shortage.

Japan: Recent Industry Developments

✅ In September 2025, Japan's construction industry presented growth opportunities driven by rising construction orders and renewable energy investments. These factors are expected to contribute to the expansion of the modular construction sector in the country.

✅ In July 2025, Japan's Space One completed the construction of reusable launch infrastructure at the Kii Spaceport. This facility supports modular rocket assembly and rapid launch cycles, strengthening Japan's independent access to space.

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Modular construction is a building technique where structures are prefabricated off-site in sections (modules) and then assembled on-site. It offers faster construction, reduced waste, cost efficiency, and design flexibility while maintaining high-quality standards.

Recent Mergers and acquisitions:

United States
✅ In July 2025, Sunbelt Modular Inc. acquired BRITCO Structures USA, a Texas-based modular building solutions provider. This acquisition aims to expand Sunbelt's national platform and enhance its offerings of high-quality custom and stock modular building solutions.

✅ In June 2025, Safe & Green Holdings merged its subsidiaries SG Echo, a manufacturer of modular buildings including those made from shipping containers, and Olenox, an energy company focused on revitalizing neglected oil and gas fields in Texas, Oklahoma, and Kansas. The new Conroe, Texas facility will serve as a consolidated operational hub for the merged entities, improving integration of manufacturing and energy services.

Key Players:

=> Laing O'Rourke, Bouygues Construction, Skanska, ATCO Structures, Red Sea International, Katerra KSA, Lendlease, Guerdon Modular Buildings, Clayco Compute, Algeco, among others.

Growth Forecast Projected:

The Global Modular construction Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Modular construction Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Construction Type: 2D, 3D, Hybrid

➥ By Category: Permanent Modular Construction, Relocatable Modular Construction

➥ By Material: Concrete, Steel, Wood, Others

➥ By End-User: Residential, Retail & Commercial, Healthcare, Education, Hospitality, Commercial Offices, Others

Regional Analysis for Modular construction Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Modular construction producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Modular construction revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Modular construction Market?

A: In 2024, the Modular construction Market was valued at US$ 104.1 billion , reflecting its strong industry presence.

Q2: How large is the Modular construction Market expected to be by 2033?

A: By 2033, industry forecasts suggest the Modular construction Market will grow to around US$ 200.6 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Modular construction Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.6% during the forecast period from 2025 to 2033.

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