Modular Construction Market by Type (Permanent, Relocatable), Material (Steel Precast Concrete, Wood, and Plastic), Application (Commercial, Residential, Healthcare and Industrial): Competitive Market Share & Forecast, 2020 – 2027.
| ID: VPR/CnM/131 | Publishing Year: July 2020 | Pages: 197 | Format: |
Global Modular Construction Market was valued at $83.5 billion in 2019, and is expected to reach $123.64 Billion by 2027, registering a CAGR of 5.03% from 2020 to 2027.
Modular Construction is use of pre-engineered building units produced at manufacturing plant, which are delivered and assembled at site as large volumetric components or as substantial building elements.These modular units can form entire rooms, portions of room, bathrooms and elevators. In Modular Construction, designs of building takes place in the form of modules, which are then placed together on site. Compared to conventional construction, the modular architecture generates fewer site problems and much less waste. Modular Construction is generally applicable in residential, business, healthcare, educational and apartment complexes. Modular Construction offers various benefits in terms of quality management, quicker construction times, greater versatility and reuse, cost savings, and environmental benefits. The Modular Construction materials commonly include precast concrete, steel, wood, plastic and other materials such asglass, aluminium and wallboards.
|
CAGR |
5.03% |
|
YEAR |
2019 |
|
REGIONS |
North America, Europe, Asia-pacific, LAMEA |
|
FASTEST GROWING MARKET |
Asia-pacific |
|
MAJOR KEY PLAYERS |
ATCO, Laing O’Rourke, Red Sea Housing, Bouygues Construction, Skanska AB, Vinci, KLEUSBERG GmbH & Co. KG, KEF Katerra, Algeco Scotsman, Lendlease Corporation. |
Modular Construction is used in remote areas where conventional construction is not possible and simple construction process is primary factor driving the Modular Construction Market. Furthermore, increased urbanisation and industrialisation in the developing world and increasing needs of consumers drives the growth of Modular Construction Market. However, the lack of reliability on modular construction in regions vulnerable to earthquake severely hampers the growth of the demand for Modular Construction. Alternatively, increased infrastructure investment is projected to provide market players with attractive opportunities for growth during the forecast timeframe.
Segment Insight
The Modular Construction Market is segmented based on Type, Material, Application and Region. Based on Type, it is classified into permanent and relocatable. Based on Material, it is divided into steel precast concrete, wood and plastic. Based on Application it is classified into commercial, residential, healthcare, industrial.
By Type Insight
The Modular Construction Market is segmented by type intopermanent and relocatable.Permanent modular construction is widely applied in various sectors such as residential, office, retail and hospitality, healthcare, higher education student housing this drives the growth of Modular Construction Market.
By Material Insight
The Modular Construction Marketis segmented by materialinto steel precast concrete, wood and plastic. The rising need for efficient, timesaving housing solutions and high-quality on-site construction drives the growth of Modular Construction Market.
By Application Insight
The Modular Construction Marketis segmented by application into commercial, residential, healthcare, industrial.
Major Key Players of Global Modular Construction Market
The Report Provides a Comprehensive Analysis of the Key Players Operating in the Global Modular Construction Market, such asATCO, Laing O’Rourke, Red Sea Housing, Bouygues Construction, Skanska AB, Vinci, KLEUSBERG GmbH & Co. KG, KEF Katerra, AlgecoScotsman, Lendlease Corporation. Most of the key players in modular construction are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.
Modular Construction Market Key Segments:
By Type
- Permanent
- Relocatable
By Material
- Steel precast concrete
- Wood
- Plastic
By Application
- Commercial
- Residential
- Healthcare
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Turkey
- South Africa
- Rest of LAMEA
Frequently Asked Questions
TABLE OF CONTENTS:
CHAPTER 1 MARKET INTRODUCTION
1.1. REPORT OVERVIEW
1.2. SCOPE OF THE STUDY
1.3. PRIMARY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
CHAPTER 2 EXECUTIVE SUMMARY
2.1. C-LEVEL EXECUTIVE’SOVERVIEW AND PERSPECTIVES
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. PRINCIPAL FINDINGS
3.2.1. Key investment pockets
3.2.2. Leading winning strategies
3.2.3 Key Player Positioning
3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.4.4. Impact Analysis
3.5. IMPACT OF COVID-19 ON THIS MARKET
CHAPTER 4 MODULAR CONSTRUCTION MARKET, BY TYPE
4.1. SYNOPSIS
4.1.1. Market size and forecast
4.2. PERMANENT
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3. RELOCATABLE
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 MODULAR CONSTRUCTION MARKET, BY MATERIAL
5.1. SYNOPSIS
5.1.1. Market size and forecast
5.2. STEEL PRECAST CONCRETE
5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast
5.3. WOOD
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.4. PLASTIC
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6MODULAR CONSTRUCTION MARKET, BY APPLICATION
6.1. SYNOPSIS
6.1.1. Market size and forecast
6.2. COMMERCIAL
6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
6.3. RESIDENTIAL
6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
6.4. COMMERCIAL
6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast
6.5. HEALTHCARE
6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast
6.6. INDUSTRIAL
6.6.1. Key market trends
6.6.2. Growth factors and opportunities
6.6.3. Market size and forecast
CHAPTER 7MODULAR CONSTRUCTION MARKET, BY REGION
7.1 SYNOPSIS
7.2 North America
7.2.1 Key market trends
7.2.2 Competitive scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market size and forecast
7.3 Europe
7.3.1 Key market trends
7.3.2 Competitive scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market size and forecast
7.4 Asia Pacific
7.4.1 Key market trends
7.4.2 Competitive scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market size and forecast
7.5 LAMEA
7.5.1 Key market trends
7.5.2 Key growth factors and opportunities
7.5.3 Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1. ATCO
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. LAING O’ROURKE
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments
8.3. RED SEA HOUSING
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. BOUYGUES CONSTRUCTION
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. SKANSKA AB
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments
8.6. VINCI
8.6.1. Company overview
8.6.2. Company Snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments
8.7. KLEUSBERG GMBH & CO. KG
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments
8.8. KEF KATERRA
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. ALGECO SCOTSMAN
8.8.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments
8.10. LENDLEASE CORPORATION
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments
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