Press release
Emerging Sub-Segments Transforming the Modular and Prefabricated Nonresidential Building Construction Market
Modular and Prefabricated Nonresidential Building Construction Market
Forecasted Market Size and Growth in Modular and Prefabricated Nonresidential Building Construction
The market for modular and prefabricated nonresidential building construction is projected to reach $108.36 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8%. This upward trajectory is fueled by a shift toward cutting-edge modular fabrication techniques, increasing investments in eco-friendly prefab materials, and the rising use of panelized precast systems. Furthermore, the expansion of industrial and commercial modular projects along with the development of highly efficient modular building designs is contributing to this steady growth. Key trends expected to influence the market include a surge in off-site modular fabrication, faster deployment demands for nonresidential buildings, growth in institutional and commercial modular construction, broader adoption of panelized and precast methods, and a stronger emphasis on cost-effective building lifecycle management.
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Leading Corporations Influencing the Modular and Prefabricated Nonresidential Construction Market
Several prominent firms play a crucial role in the modular and prefabricated nonresidential building construction landscape. These include WillScot Mobile Mini Holdings Corp, ATCO Ltd, Algeco, Fleetwood Limited, Red Sea International Company, KLEUSBERG GmbH & Co. KG, Kirby Building Systems, Champion Home Builders, Inc, Guerdon, LLC, ALHO Systembau GmbH, Jeshy Building Concepts Pty Ltd, Ramky Infrastructure Limited, Rain City Industries Pty Ltd, JM Industries Pty Ltd, Buildcep Construction Pty Ltd, Az Building For Future Pty Ltd, Fitzgerald Building Services Pty Ltd, Goodwill Construction Limited, CIMC Modular Building Systems, Hangxiao Steel Structure, Jac Built Construction Limited, Jinchen Group Co., Ltd, China Jingye Engineering Co., Ltd, Sichuan Sanhe Hengsheng Construction Engineering Co., Ltd, Beijing Zhuzong No.6 Development Construction Co., Ltd, Jiangsu Jinfanshui Construction Co., Ltd, Jiangsu Yangjian Group Co., Ltd, Guangdong Coal Base Construction Company, Wuhan Municipal Engineering General Company, Rollalong Ltd, BuildUp, Cadolto Fertiggebaude GmbH & Co. KG, Peab, Dana Holdings, Swietelsky, Habau, Castagner Immobiliare SRL, V & R Edilcons Srl, Blueair Instal Srl, Ten Estate Developments Srl, Zentec Construct Srl, Skanska, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Lendlease, Gilbane Building Co, Battle Lake Design Group, Eco Caminhos, Construcciones Planificadas, WTorre Empreendimentos, Grandio, AF construction, La' Ala Al-Kuwait Real Estate Co, Gav Yam Land Corporation Ltd, Nakheel, Line Investments & Property LLC (LIP), Emaar, Al Sraiya Holding Group, Al Futtaim Colas, Kharafi National, Baran Group, Redcon Construction Company, and Estim Construction Co. Ltd.
Expansion Moves in Modular Building Manufacturing
In September 2024, ATCO Structures & Logistics Ltd., a Canada-based global provider of modular workforce housing, acquired NRB Ltd. for $40 million. This strategic acquisition aims to broaden ATCO's modular manufacturing capabilities across North America, strengthen its position in the Canadian market, and enhance its expertise in producing modular solutions for multi-family and affordable housing projects. NRB Ltd. specializes in manufacturing modular industrial and educational buildings within Canada.
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Innovation Trends Shaping the Modular and Prefabricated Building Market
Leading companies in this sector are focusing on innovative off-site manufactured room modules to boost construction speed, efficiency, and cost savings. These modules are pre-engineered, fully or partially completed three-dimensional units built in controlled factory settings and later transported to the site for assembly or installation.
For example, in November 2024, Module-T Prefabrik from France announced its entry into the U.S. market, offering modular solutions such as office, sanitary, locker, and dormitory containers, alongside modular office buildings designed for quick deployment in nonresidential contexts. Their product range includes factory-built modules suitable for labor housing, classrooms, dining facilities, and temporary or permanent offices. Each module integrates structural framing, insulation, interior finishes, and mechanical, electrical, and plumbing rough-ins, engineered for crane placement and straightforward on-site assembly. These modules emphasize sustainability through minimized material waste and reduced transportation emissions while providing design flexibility with standardized container formats and fast installation that limits disruption.
Detailed Market Segmentation of the Modular and Prefabricated Nonresidential Building Construction Industry
This market is categorized based on the following criteria:
1) Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal
2) Application: Institutional, Industrial, Commercial, Agricultural
3) End-User: Private, Public
Subcategories include:
- Standard Metal: Steel Frame Structures, Pre-Engineered Metal Buildings, Metal Roof Systems
- Agricultural Metal: Metal Barns and Storage Facilities, Agricultural Equipment Sheds, Livestock Housing Structures
- Modular Nonmetal: Modular Wood Buildings, Modular Composite Structures, Modular Concrete Buildings
- Panelized Precast Nonmetal: Precast Concrete Panels, Insulated Precast Panels, Architectural Precast Panels
This thorough segmentation provides insight into the diverse applications and construction types that define the market, highlighting the broad scope and adaptability of modular and prefabricated nonresidential building solutions.
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