Modular Construction Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

8 %

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Market Overview

The global modular construction market is expected to register a CAGR of around 8% during the forecast period. The major factor driving the growth of the market studied is the increasing demand from construction industries in countries of Asia-Pacific. On the flip side, the high cost of logistics is expected to hinder the growth of the market studied.

By the construction industry, the permanent modular segment accounted for the largest share and by material, the steel segment accounted for the largest share
Implementation Of Building Information Modelling is projected to act as an opportunity for the market in future.

Scope of the Report

The modular construction market report include:

Construction
		Permanent Modular
		Relocatable Modular

Material
		Steel
		Concrete
		Wood
		Plastic

Sector
		Commercial
		Industrial / Institutional
		Residential

Geography

Asia Pacific
	China
	Japan
	India
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Russia
	Spain
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle East and Africa

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Key Market Trends

Relocatable Modular Construction – A Huge Market Potential

A relocatable building is a partially- or completely-assembled building that complies with applicable codes and state regulations and is constructed in a building manufacturing facility, using a modular construction technique.
Relocatable modular buildings are designed to be reused or repurposed multiple times and transported to different sites. Some owners or manufacturers provide lease for such relocatable modular building services, as per the consumer's requirements for office expansion, auditorium space, and medical facilities, in a short-term agreement.
Consumers served by relocatable modular buildings include state, provincial, and local governments, non-profit organizations, corporations, school boards, health care providers, retail establishments, as well as individuals, partnerships, and sole proprietorships. School districts, across North America, are the largest owners of relocatable classrooms buildings.
These factors are leading to the increasing demand in the modular construction in global market throughout the study period.

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Asia-Pacific to Dominate the Market

Asia-Pacific holds the largest share of the market worldwide and China alone has more than 7,000 indigenous dedicated players.
The rapid increase in population in regions of China and India is expected to give a rise in modular construction activity.
The key areas of expected growth are social infrastructure, schools, hospitals, government accommodation, water, defense infrastructure, and water resources. Singapore has mandated elements of prefabricated, pre-finished, and volumetric construction (PPVC) for all projects on government land.
The government backs this with subsidies for companies that participate with the aim of increasing and standardizing modern methods of construction (MMC) in the country. All such factors are increasing the demand for modular construction in the Asia-pacific region.

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Competitive Landscape

The global modular construction market is highly fragmented, with no player holding a significant share to influence the market. Key players in global modular construction market include Skanska, Bouygues Construction, Balfour Beatty Plc, ACS Group, and Taisei Corporation.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Introduction to Market Drivers and Restraints
3. 4.3 Market Drivers
  1. 4.3.1 Increasing Demand from Construction Industries in the Countries of Asia-Pacific
  2. 4.3.2 Time & Cost-Effective Method of Construction
  3. 4.3.3 Lower Defects And Rework
4. 4.4 Market Restraints
  1. 4.4.1 High Cost of Logistics
5. 4.5 Industry Value Chain
6. 4.6 Porter's Five Forces Analysis
  1. 4.6.1 Threat of New Entrants
  2. 4.6.2 Bargaining Power of Buyers/Consumers
  3. 4.6.3 Bargaining Power of Suppliers
  4. 4.6.4 Threat of Substitute Products
  5. 4.6.5 Intensity of Competitive Rivalry
7. 4.7 Production Process
8. 4.8 Regulatory Policy Analysis
5. MARKET SEGMENTATION
1. 5.1 Construction
  1. 5.1.1 Permanent Modular
  2. 5.1.2 Relocatable Modular
2. 5.2 Material
  1. 5.2.1 Steel
  2. 5.2.2 Concrete
  3. 5.2.3 Wood
  4. 5.2.4 Plastic
3. 5.3 Sector
  1. 5.3.1 Commercial
  2. 5.3.2 Industrial / Institutional
  3. 5.3.3 Residential
4. 5.4 Geography
  1. 5.4.1 Asia Pacific
    1. 5.4.1.1 China
    2. 5.4.1.2 Japan
    3. 5.4.1.3 India
    4. 5.4.1.4 South Korea
    5. 5.4.1.5 Rest of Asia-Pacific
  2. 5.4.2 North America
    1. 5.4.2.1 United States
    2. 5.4.2.2 Canada
    3. 5.4.2.3 Mexico
  3. 5.4.3 Europe
    1. 5.4.3.1 Germany
    2. 5.4.3.2 United Kingdom
    3. 5.4.3.3 France
    4. 5.4.3.4 Russia
    5. 5.4.3.5 Spain
    6. 5.4.3.6 Rest of Europe
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle East and Africa
    1. 5.4.5.1 Saudi Arabia
    2. 5.4.5.2 South Africa
    3. 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers & Acquisitions, Joint Ventures, Colaborations and Agreements
2. 6.2 Market Ranking Analysis
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 ACS Actividades de Construcción y Servicios SA
  2. 6.4.2 Balfour Beatty PLC
  3. 6.4.3 Bouygues Construction
  4. 6.4.4 Guerdon Enterprises LLC
  5. 6.4.5 JL Modular Inc.
  6. 6.4.6 Julius Berger Nigeria PLC
  7. 6.4.7 Katerra
  8. 6.4.8 Kiewit Corporation
  9. 6.4.9 Laing O'Rourke
  10. 6.4.10 Palomar Modular Buildings
  11. 6.4.11 Red Sea Housing Services
  12. 6.4.12 Larsen & Toubro Limited
  13. 6.4.13 System House R & C Co. Ltd
  14. 6.4.14 Taisei Corporation
  15. 6.4.15 Skanska

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Implementation Of Building Information Modelling (BIM)

** Subject to Availability