モジュール工法市場：世界の産業動向、シェア、規模、成長、機会、2023-2028年予測

概要

世界のモジュール工法市場規模は2022年に814億米ドルに達しました。今後、IMARC Groupは、市場は2028年までに1,147億米ドルに達し、2022～2028年の成長率（CAGR）は5.88%になると予測しています。都市部における迅速な建設に対するニーズの高まり、建設におけるエネルギー効率に対する需要の高まり、建築設計における継続的な革新とカスタマイズ、手頃な価格の住宅に対する需要の高まりなどが、市場を推進している要因の一部です。

モジュール工法とは、従来の現場建設と同じ材料を使用し、同じ基準に従いながら、管理された工場環境で建築物や構造物を現場外で建設する方法を指します。このプロセスでは、モジュールと呼ばれる個々の部品を製造し、それを現場で組み立てて最終的な構造体を完成させます。これらのモジュールは精密かつ効率的に製造され、一貫した品質と特定の設計基準への適合が保証されます。設計の柔軟性、管理された環境での製造、持続可能性の向上が特徴です。

世界市場の主な原動力は、都市部における迅速な建設ニーズの高まりであり、一刻を争うプロジェクト向けの魅力が高まっています。これに伴い、管理された環境での製造による一貫した品質管理が市場に勢いを与えています。さらに、持続可能な建設慣行を推進する政府の取り組みも、大きな成長促進要因として作用しています。これに加えて、建設廃棄物を最小限に抑える能力は、世界の持続可能性の目標に合致しており、この手法にとって有利な環境を作り出しています。また、製造・組立工程における技術の進歩も市場にプラスの影響を与えています。さらに、極端な気象条件に耐える建築物への要求が、この工法への選好につながっていることも、市場を牽引しています。その他、メンテナンスの軽減や耐久性の向上といった長期的なメリットに対する意識の高まり、可処分所得水準の上昇、持続可能な開発への注目の高まりなども市場に貢献しています。

モジュール工法市場の動向と促進要因：

建設におけるエネルギー効率に対する需要の高まり

世界のエネルギー効率の重視は、市場の活性化に重要な役割を果たしています。各国が厳しい省エネ目標の達成に努める中、エネルギー消費を最小限に抑える建設手法の採用が勢いを増しています。制御された環境下での製造と組み立ての精密さにより、より優れた断熱性とエネルギー制御が容易になります。その結果、熱性能が向上し、冷暖房のエネルギー消費が大幅に削減された構造体が生まれます。温室効果ガスの排出を削減し、限りある資源を節約するための国際的な取り組みと建築工法が合致していることから、この工法は注目されています。このエネルギー効率の高いアプローチは、運用コストを下げるだけでなく、環境保護にも貢献し、環境意識の高まる消費者層と共鳴しています。

アーキテクチャ・デザインの絶え間ない革新とカスタマイズ：

市場のもう一つの重要な促進要因は、建築設計における革新とカスタマイズの需要が急増していることです。伝統的な建設方法とは異なり、モジュール方式はより幅広い美的・機能的ソリューションを可能にするため、建築家は大幅なコスト増を招くことなく独自のデザインを探求することができます。制御された製造工程により精度が保証されるため、従来の現場施工では面倒だった複雑なカスタマイズが可能になります。この工法がクライアントのニーズに適応できるのは、美観だけでなく、特定の空間配置や高度な技術的特徴の組み込みなど、独自の機能的要件にまで及ぶ。この柔軟性は、芸術的な表現と実用的な必要性の両方に対応し、建設分野における創造性の新時代を育みます。モジュール工法技術の革新性とカスタマイズ性の融合は、よりパーソナライズされたダイナミックな建築環境を促進し、望ましい選択肢として位置づけられています。

手頃な価格の住宅への需要の高まり

特に人口密度の高い都市部や新興経済圏では、手頃な価格の住宅に対する需要が高まっており、市場成長の大きな原動力となっています。モジュール工法の効率性は、品質を落とすことなくコスト削減につながり、デベロッパーは世界の基本課題に取り組むことができます。都市化の動向に減速の兆しが見えない中、コスト、品質、スピードのバランスが取れた住宅ソリューションへの需要はかつてないほど高まっています。スケーラブルな性質と管理された製造プロセスにより、プロジェクトの完成が早まり、資金調達コストが削減されます。さらに、大量生産の可能性は、大規模な住宅プロジェクトに対するニーズと一致しています。社会的公平性の観点から、政府やデベロッパーは、モジュール工法が住宅アクセシビリティに貢献する可能性を認識しています。この工法は、手頃な価格で質の高い住宅ソリューションに対する差し迫ったニーズと合致しており、市場成長の不可欠な促進要因となっています。

本レポートで扱う主な質問

• 世界のモジュール工法市場はこれまでどのように推移してきたか？
• モジュール工法の世界市場における促進要因、抑制要因、機会は何か？
• 各駆動要因、抑制要因、機会がモジュール工法の世界市場に与える影響は？
• 主要な地域市場は？
• 最も魅力的なモジュール工法市場はどの国か？
• タイプ別の市場内訳は？
• モジュール工法市場で最も魅力的なタイプは？
• モジュールタイプ別の市場内訳は？
• モジュール工法市場で最も魅力的なモジュールタイプは？
• 材料別の市場内訳は？
• モジュール工法市場で最も魅力的な材料は？
• 最終用途別の市場内訳は？
• モジュール工法市場で最も魅力的な最終用途は？
• 世界のモジュール工法市場の競争構造は？
• モジュール工法の世界市場における主要プレーヤー/企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 モジュール工法の世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：タイプ別

• 常設
  • 市場動向
  • 市場予測
• 移設
  • 市場動向
  • 市場予測

第7章 市場内訳：モジュールタイプ別

• 4面モジュール
  • 市場動向
  • 市場予測
• オープンサイド
  • 市場動向
  • 市場予測
• 部分オープンサイド
  • 市場動向
  • 市場予測
• ミックスモジュールとフロアカセット
  • 市場動向
  • 市場予測
• 一次構造で支えるモジュール
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第8章 市場内訳：素材別

• 鉄鋼
  • 市場動向
  • 市場予測
• コンクリート
  • 市場動向
  • 市場予測
• 木材
  • 市場動向
  • 市場予測
• プラスチック
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第9章 市場内訳：最終用途別

• 住宅
  • 市場動向
  • 市場予測
• 商業
  • 市場動向
  • 市場予測
• 教育市場
  • 市場動向
  • 市場予測
• 小売
  • 市場動向
  • 市場予測
• ホスピタリティ
  • 市場動向
  • 市場予測
• ヘルスケア
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第10章 市場内訳：地域別

• 北米
  • 米国
    • 市場動向
    • 市場予測
  • カナダ
    • 市場動向
    • 市場予測
• アジア太平洋
  • 中国
    • 市場動向
    • 市場予測
  • 日本
    • 市場動向
    • 市場予測
  • インド
    • 市場動向
    • 市場予測
  • 韓国
    • 市場動向
    • 市場予測
  • オーストラリア
    • 市場動向
    • 市場予測
  • インドネシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 欧州
  • ドイツ
    • 市場動向
    • 市場予測
  • フランス
    • 市場動向
    • 市場予測
  • 英国
    • 市場動向
    • 市場予測
  • イタリア
    • 市場動向
    • 市場予測
  • スペイン
    • 市場動向
    • 市場予測
  • ロシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• ラテンアメリカ
  • ブラジル
    • 市場動向
    • 市場予測
  • メキシコ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 中東・アフリカ地域
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Algeco
  • Balfour Beatty plc
  • Bouygues
  • Etex Group
  • Guerdon LLC
  • KLEUSBERG GmbH & Co KG
  • Laing O'Rourke
  • Larsen & Toubro Limited
  • Lendlease Corporation
  • Red Sea International
  • Skanska AB
  • Taisei Corporation

List of Figures

• Figure 1: Global: Modular Construction Market: Major Drivers and Challenges
• Figure 2: Global: Modular Construction Market: Sales Value (in Billion US$), 2017-2022
• Figure 3: Global: Modular Construction Market Forecast: Sales Value (in Billion US$), 2023-2028
• Figure 4: Global: Modular Construction Market: Breakup by Type (in %), 2022
• Figure 5: Global: Modular Construction Market: Breakup by Module Type (in %), 2022
• Figure 6: Global: Modular Construction Market: Breakup by Material (in %), 2022
• Figure 7: Global: Modular Construction Market: Breakup by End Use (in %), 2022
• Figure 8: Global: Modular Construction Market: Breakup by Region (in %), 2022
• Figure 9: Global: Modular Construction (Permanent) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 10: Global: Modular Construction (Permanent) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 11: Global: Modular Construction (Relocatable) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 12: Global: Modular Construction (Relocatable) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 13: Global: Modular Construction (Four Sided) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 14: Global: Modular Construction (Four Sided) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 15: Global: Modular Construction (Open Sided) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 16: Global: Modular Construction (Open Sided) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 17: Global: Modular Construction (Partially Open Sided) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 18: Global: Modular Construction (Partially Open Sided) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 19: Global: Modular Construction (Mixed Modules and Floor Cassettes) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 20: Global: Modular Construction (Mixed Modules and Floor Cassettes) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 21: Global: Modular Construction (Modules Supported by a Primary Structure) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 22: Global: Modular Construction (Modules Supported by a Primary Structure) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 23: Global: Modular Construction (Other Module Types) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 24: Global: Modular Construction (Other Module Types) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 25: Global: Modular Construction (Steel) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 26: Global: Modular Construction (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 27: Global: Modular Construction (Concrete) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 28: Global: Modular Construction (Concrete) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 29: Global: Modular Construction (Wood) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 30: Global: Modular Construction (Wood) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 31: Global: Modular Construction (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 32: Global: Modular Construction (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 33: Global: Modular Construction (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 34: Global: Modular Construction (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 35: Global: Modular Construction (Residential) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 36: Global: Modular Construction (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 37: Global: Modular Construction (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 38: Global: Modular Construction (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 39: Global: Modular Construction (Education) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 40: Global: Modular Construction (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 41: Global: Modular Construction (Retail) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 42: Global: Modular Construction (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 43: Global: Modular Construction (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 44: Global: Modular Construction (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 45: Global: Modular Construction (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 46: Global: Modular Construction (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 47: Global: Modular Construction (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
• Figure 48: Global: Modular Construction (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 49: North America: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 50: North America: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 51: United States: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 52: United States: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 53: Canada: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 54: Canada: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 55: Asia-Pacific: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 56: Asia-Pacific: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 57: China: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 58: China: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 59: Japan: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 60: Japan: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 61: India: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 62: India: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 63: South Korea: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 64: South Korea: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 65: Australia: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 66: Australia: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 67: Indonesia: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 68: Indonesia: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 69: Others: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 70: Others: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 71: Europe: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 72: Europe: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 73: Germany: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 74: Germany: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 75: France: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 76: France: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 77: United Kingdom: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 78: United Kingdom: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 79: Italy: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 80: Italy: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 81: Spain: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 82: Spain: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 83: Russia: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 84: Russia: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 85: Others: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 86: Others: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 87: Latin America: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 88: Latin America: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 89: Brazil: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 90: Brazil: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 91: Mexico: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 92: Mexico: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 93: Others: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 94: Others: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 95: Middle East and Africa: Modular Construction Market: Sales Value (in Million US$), 2017 & 2022
• Figure 96: Middle East and Africa: Modular Construction Market: Breakup by Country (in %), 2022
• Figure 97: Middle East and Africa: Modular Construction Market Forecast: Sales Value (in Million US$), 2023-2028
• Figure 98: Global: Modular Construction Industry: SWOT Analysis
• Figure 99: Global: Modular Construction Industry: Value Chain Analysis
• Figure 100: Global: Modular Construction Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Modular Construction Market: Key Industry Highlights, 2022 and 2028
• Table 2: Global: Modular Construction Market Forecast: Breakup by Type (in Million US$), 2023-2028
• Table 3: Global: Modular Construction Market Forecast: Breakup by Module Type (in Million US$), 2023-2028
• Table 4: Global: Modular Construction Market Forecast: Breakup by Material (in Million US$), 2023-2028
• Table 5: Global: Modular Construction Market Forecast: Breakup by End Use (in Million US$), 2023-2028
• Table 6: Global: Modular Construction Market Forecast: Breakup by Region (in Million US$), 2023-2028
• Table 7: Global: Modular Construction Market: Competitive Structure
• Table 8: Global: Modular Construction Market: Key Players

Abstract

The global modular construction market size reached US$ 81.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 114.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.88% during 2022-2028. The rising need for rapid construction in urban areas, rising demand for energy efficiency in construction, continual innovations and customization in architectural designs, and the escalating demand for affordable housing are some of the factors that are propelling the market.

Modular construction refers to a method where a building or structure is constructed off-site, using the same materials and adhering to the same standards as conventional on-site construction, but in a controlled factory environment. The process involves the production of individual components known as modules, which are assembled on-site to complete the final structure. These modules are manufactured with precision and efficiency, ensuring consistent quality and conformity to specific design standards. It is characterized by flexibility in design, controlled environment manufacturing, and the potential for enhanced sustainability.

The global market is primarily driven by the rising need for rapid construction in urban areas, enhancing its appeal for time-sensitive projects. In line with this, the consistent quality control offered by manufacturing in controlled environments is adding momentum to the market. Moreover, government initiatives promoting sustainable construction practices are acting as significant growth-inducing factors. In addition to this, the ability to minimize construction waste aligns with global sustainability goals, creating a favorable environment for this method. Also, technological advancements in manufacturing and assembly processes are positively impacting the market. The market is further driven by the requirement for buildings that can withstand extreme weather conditions, leading to a preference for this method. Some of the other factors contributing to the market include the growing awareness regarding the long-term benefits including reduced maintenance and increased durability, inflating disposable income levels and an enhanced focus on sustainable development.

Modular Construction Market Trends/Drivers:

Rising Demand for Energy Efficiency in Construction

The global emphasis on energy efficiency is playing a critical role in stimulating the market. As nations strive to meet stringent energy-saving targets, the adoption of construction practices that minimize energy consumption is gaining momentum. It facilitates better insulation and energy control, owing to the precision in manufacturing and assembly within controlled environments. This leads to structures with enhanced thermal performance and a marked reduction in energy consumption for heating and cooling. The alignment of construction methods with international efforts to reduce greenhouse gas emissions and conserve finite resources makes it a sought-after choice. This energy-efficient approach not only lowers operational costs but also contributes to environmental stewardship, which resonates with a growing environmentally conscious consumer base.

Continual innovations and customization in Architectural Designs:

Another vital driver of the market is the burgeoning demand for innovation and customization in architectural designs. Unlike traditional construction methods, modular methods enable a broader range of aesthetic and functional solutions, allowing architects to explore unique designs without significant cost escalation. The controlled manufacturing process ensures precision, enabling intricate customization that may be cumbersome in conventional on-site construction. The adaptability of this construction method to client needs extends beyond aesthetics to include unique functional requirements, such as specific spatial arrangements or the incorporation of advanced technological features. This flexibility fosters a new era of creativity within the construction sector, accommodating both artistic expression and practical necessity. The blend of innovation and customization within modular construction technologies is positioning it as a desirable alternative, facilitating more personalized and dynamic built environments.

Escalating Demand for Affordable Housing

The escalating demand for affordable housing, particularly in densely populated urban areas and emerging economies, represents a significant impetus for the growth of the market. The efficiency of modular construction translates to cost savings without compromising quality, enabling developers to address a fundamental global challenge. With urbanization trends showing no signs of slowing down, the demand for housing solutions that balance cost, quality, and speed is at an all-time high. The scalable nature and controlled manufacturing process enable quicker project completion, thus reducing financing costs. Furthermore, the potential for mass production aligns with the need for large-scale housing projects. In the context of social equity, governments and developers are recognizing the potential of modular construction to contribute to housing accessibility. This method's alignment with the pressing need for affordable, quality housing solutions makes it an essential driver for the market growth.

Modular Construction Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global modular construction market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, module type, material and end use.

Breakup by Type:

Permanent

Relocatable

Permanent accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes permanent and relocatable. According to the report, permanent represented the largest segment.

The permanent segment is driven by the increasing need for lasting structures that match conventional buildings in terms of durability and strength. The assurance of long-term stability with a shorter construction timeframe is appealing for both residential and commercial applications. The preference for structures that stand the test of time without compromising quality or aesthetics is boosting this segment of the market.

On the other hand, the demand for relocatable segment is growing due to its adaptability and flexibility in meeting temporary space needs. These structures are often used in industries such as education and healthcare, where temporary expansion or relocations might be necessary. The capacity to dismantle and reconstruct these structures without significant loss in quality is a significant driver for this segment.

Breakup by Module Type:

Four Sided

Open Sided

Partially Open Sided

Mixed Modules and Floor Cassettes

Modules Supported by a Primary Structure

Others

Modules supported by a primary structure represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the module type. This includes four sided, open sided, partially open sided, mixed modules and floor cassettes, modules supported by a primary structure, and others. According to the report, modules supported by a primary structure represented the largest segment.

Modules supported by a primary structure offer enhanced structural integrity, often used in high-rise or large-scale projects. The combination of modules with primary support adds to the building's stability and safety. The ability to achieve tall or extensive structures through this method is appealing for commercial and large residential developments.

On the other hand, four-sided modular construction offers comprehensive enclosure, providing enhanced stability and insulation. This type is often chosen for permanent structures where full protection from external elements is essential, such as in extreme weather conditions. The robustness and weather-resilience of four-sided modules make them preferred in many commercial and residential applications.

Additionally, open-sided modular construction is favored in scenarios that require natural ventilation and integration with surrounding landscapes. This design finds utility in recreational facilities, hospitality, and certain commercial spaces that seek a blend of indoor and outdoor environments. The appeal of an open architectural aesthetic, coupled with the potential for energy savings, drives this segment.

Moreover, partially open-sided constructions offer a balance between enclosed spaces and open areas, allowing for both security and ventilation. This approach is popular in retail and commercial spaces that require a blend of openness and enclosure. The versatility and adaptability of partially open-sided constructions to various design requirements fuel their demand.

Additionally, mixed modules and floor cassettes allow for complex designs and customized layouts, providing architects with more creative freedom. The ability to mix and match different components to achieve specific design goals is attractive in commercial and high-end residential construction. This approach enables innovative architectural solutions and is driving this segment.

Breakup by Material:

Steel

Concrete

Wood

Plastic

Others

Steel accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the material. This includes steel, concrete, wood, plastic, and others. According to the report, steel represented the largest segment.

Steel construction is favored for its strength, durability, and resistance to environmental conditions. The application of steel is widespread in commercial and industrial settings, where robust construction is essential. The recyclability of steel aligns with sustainability goals, further enhancing its appeal.

On the other hand, concrete modules offer solid construction with excellent sound insulation and fire resistance. This material is often chosen for permanent structures in both residential and commercial sectors, including schools and hospitals. Its inherent durability and protective qualities drive its demand in the market.

Moreover, the wooden segment is gaining traction due to its aesthetic appeal and sustainable attributes. Utilized in residential and hospitality sectors, wood offers a natural and warm appearance. Its renewable nature and the potential for carbon sequestration align with environmental considerations.

Furthermore, the plastic modular construction is appealing for its lightweight nature and resistance to corrosion. Often used in temporary or specialty constructions, such as emergency shelters or outdoor facilities, plastic offers flexibility and cost-efficiency. Its adaptability to various applications supports its growth in the market.

Breakup by End Use:

Residential

Commercial

Education

Retail

Hospitality

Healthcare

Others

Residential represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the end use. This includes residential, commercial, education, retail, hospitality, healthcare, and others. According to the report, residential represented the largest segment.

The residential segment is growing due to the demand for affordable and quickly constructed housing solutions. Modular construction's ability to provide cost-effective, customizable homes is particularly attractive in urban areas. This segment is further supported by the increased consumer interest in sustainable living options.

On the other hand, the commercial segment is driven by the need for efficient, customizable office and retail spaces. Modular construction allows for adaptability in design, facilitating brand-specific customization. Its alignment with rapid urbanization and commercial expansion trends fuels this segment.

In the education, retail, hospitality, and healthcare sectors, modular construction provides solutions for quick expansions or temporary facilities. The ability to construct classrooms or administrative spaces in a short timeframe without compromising quality meets the dynamic needs of educational institutions, brand identities, different hospitality needs, or stringent medical requirements. The cost-effectiveness and adaptability of this method are vital for these segments. The ability to create aesthetically pleasing, customized spaces that cater to different hospitality needs is crucial. This segment is further supported by the growing trend towards sustainable and eco-friendly construction practices.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance, accounting for the largest modular construction market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

In North America, the modular construction market is experiencing significant growth, driven by a combination of socio-economic and regulatory factors. The emphasis on sustainable construction methods in developed countries such as the U.S. and Canada is fueling interest in modular building practices, known for reducing waste and energy consumption.

Additionally, the region's focus on innovation and technological advancements has created an environment where modular construction, with its precision manufacturing and customization, thrives. The escalating urbanization and associated demand for rapid construction solutions are compelling industry players to adopt modular techniques.

The availability of skilled labor and sophisticated manufacturing technology further enables quality control, making this approach attractive for various construction sectors. Government initiatives promoting energy efficiency and affordable housing also play a crucial role in the regional market growth. The diversity in architectural preferences across North America, coupled with the flexibility of modular construction, is a contributing factor as well.

Furthermore, the strong economic investment in infrastructure development and the growing awareness about long-term environmental responsibilities are essential driving forces, positioning modular construction as a strategic solution in North America's construction landscape.

Competitive Landscape:

The top players in the market are dedicating resources to innovation and the development of new materials and construction techniques. By focusing on R&D, they can create more efficient, sustainable, and adaptable modular solutions that meet evolving customer needs. Many companies are prioritizing eco-friendly practices by utilizing sustainable materials and energy-efficient construction methods to appeal to a growing segment of environmentally conscious consumers and comply with increasingly stringent environmental regulations. Also, they are expanding into new regions with rising urbanization and construction needs for diversifying their consumer base and tapping into growing economies. Furthermore, they are also forming strategic alliances and collaborations with architects, developers, and other industry stakeholders for strengthening their market position.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Algeco

Balfour Beatty plc

Bouygues

Etex Group

Guerdon LLC

KLEUSBERG GmbH & Co KG

Laing O'Rourke

Larsen & Toubro Limited

Lendlease Corporation

Red Sea International

Skanska AB

Taisei Corporation

Recent Developments:

In July 2023, Algeco completed the new modular Starbucks restaurant in Derby in just 6 weeks. Algeco installed the shell in 2 weeks, delivering modules with a PMV (Pre Manufactured Value) of over 80%. This allowed the restaurant to generate income more quickly than a traditional on-site build, contributing to a quicker return on investment.

In July 2023, Balfour Beatty announced today that it has acquired a 168-unit/592-bed student housing community in Tallahassee, Florida. The acquisition expands the company's overall Florida footprint to 12 residential properties. The property will be managed internally by the Company's residential management division, Balfour Beatty Communities.

In June 2023, Etex Group closed the acquisition of UK insulation producer Superglass. Through this deal, Etex expands its already strong activities in the UK and complements the extensive European sales and production network of its Insulation division. With this latest acquisition of Superglass, Etex's Insulation division consists of 11 plants across Europe, over 1,500 employees and two brands: Superglass and URSA.

Key Questions Answered in This Report:

• How has the global modular construction market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global modular construction market?
• What is the impact of each driver, restraint, and opportunity on the global modular construction market?
• What are the key regional markets?
• Which countries represent the most attractive modular construction market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the modular construction market?
• What is the breakup of the market based on the module type?
• Which is the most attractive module type in the modular construction market?
• What is the breakup of the market based on the material?
• Which is the most attractive material in the modular construction market?
• What is the breakup of the market based on the end use?
• Which is the most attractive end use in the modular construction market?
• What is the competitive structure of the global modular construction market?
• Who are the key players/companies in the global modular construction market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Modular Construction Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Permanent
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Relocatable
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Module Type

• 7.1 Four Sided
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Open Sided
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Partially Open Sided
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Mixed Modules and Floor Cassettes
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Modules Supported by a Primary Structure
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast
• 7.6 Others
  • 7.6.1 Market Trends
  • 7.6.2 Market Forecast

8 Market Breakup by Material

• 8.1 Steel
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Concrete
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Wood
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Plastic
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by End Use

• 9.1 Residential
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Commercial
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Education
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Retail
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Hospitality
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Healthcare
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast
• 9.7 Others
  • 9.7.1 Market Trends
  • 9.7.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Algeco
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
  • 15.3.2 Balfour Beatty plc
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
    • 15.3.2.3 Financials
    • 15.3.2.4 SWOT Analysis
  • 15.3.3 Bouygues
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 Etex Group
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
  • 15.3.5 Guerdon LLC
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
  • 15.3.6 KLEUSBERG GmbH & Co KG
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
  • 15.3.7 Laing O'Rourke
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
    • 15.3.7.3 SWOT Analysis
  • 15.3.8 Larsen & Toubro Limited
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
    • 15.3.8.3 Financials
    • 15.3.8.4 SWOT Analysis
  • 15.3.9 Lendlease Corporation
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
    • 15.3.9.3 Financials
    • 15.3.9.4 SWOT Analysis
  • 15.3.10 Red Sea International
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
    • 15.3.10.3 Financials
  • 15.3.11 Skanska AB
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio
    • 15.3.11.3 Financials
    • 15.3.11.4 SWOT Analysis
  • 15.3.12 Taisei Corporation
    • 15.3.12.1 Company Overview
    • 15.3.12.2 Product Portfolio
    • 15.3.12.3 Financials
    • 15.3.12.4 SWOT Analysis