Product Code: GVR-3-68038-561-8
Modular Construction Market Summary
The global modular construction market size was valued at USD 111.07 billion in 2025 and is projected to reach USD 207.82 billion by 2033, growing at a CAGR of 8.2% from 2026 to 2033. This growth is attributed to growing demand for affordable housing, coupled with increasing investment in the development of healthcare and commercial infrastructure around the globe.
Off-site building activities in urban regions are also growing, which is further driving the growth of the modular building market. Off-site building is not affected by weather conditions, as it is manufactured within closed factories using advanced machinery, thereby optimizing construction time and providing high-quality Types. The benefits of off-site building make modular building cost-effective and contribute to less site-generated waste. The steady rise in urbanization and industrial expansion is anticipated to spur a greater number of upcoming commercial and industrial projects, thereby supporting global construction sector growth. Ongoing technological progress in the building industry, along with the benefits offered by modular methods such as faster project delivery, cost efficiency, improved adaptability, reusability, and lower material wastage, continues to strengthen overall demand. These strengths are becoming increasingly relevant in the modular construction for high rise buildings market, where rapid and efficient construction solutions are essential.
Modular building enables industries to customize designs and leverage the latest innovations in style and functionality. Before the development of the modular prefabricated construction market, industries were compelled to spend countless man-hours on planning and designing, while actual construction took months or even years to complete. The evolution of modular methods takes the guesswork out of the planning stage and simplifies construction to a large extent, reducing the time from conception to completion by months or more.
Global Modular Construction Market Report Segmentation
This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the modular construction market report based on type, application, material, module and region.
- Type Outlook (Revenue, USD Million, 2021 - 2033)
- Relocatable
- Permanent
- Material Outlook (Revenue, USD Million, 2021 - 2033)
- Wood
- Steel
- Concrete
- Others
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- Residential
- Commercial
- Industrial
- Healthcare
- Educational
- Module Outlook (Revenue, USD Million, 2021 - 2033)
- Four-sided
- Open-sided
- Partially open-sided
- Mixed modules & floor cassettes
- Modules supported by a primary structure
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Modular Construction Market Variables, Trends & Scope
- 3.1. Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Technological Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. PESTEL by SWOT
- 3.7. Market Disruption Analysis
Chapter 4. Modular Construction Market: Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Type Movement Analysis & Market Share, 2025 & 2033
- 4.3. Modular Construction Market Estimates & Forecast, By Product, 2021 - 2033 (USD Million)
- 4.4. Relocatable
- 4.4.1. Modular Construction Market Estimates & Forecast, by Relocatable,, 2021 - 2033 (USD Million)
- 4.5. Permanent
- 4.5.1. Modular Construction Market Estimates & Forecast, by Permanent, 2021 - 2033 (USD Million)
Chapter 5. Modular Construction Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2025 & 2033
- 5.3. Modular Construction Market Estimates & Forecast, By Application, 2021 - 2033 (USD Million)
- 5.4. Residential
- 5.4.1. Modular Construction Market Estimates & Forecast, By Residential, 2021 - 2033 (USD Million)
- 5.5. Commercial
- 5.5.1. Modular Construction Market Estimates & Forecast, By Commercial, 2021 - 2033 (USD Million)
- 5.6. Industrial
- 5.6.1. Modular Construction Market Estimates & Forecast, By Industrial, 2021 - 2033 (USD Million)
- 5.7. Healthcare
- 5.7.1. Modular Construction Market Estimates & Forecast, By Healthcare, 2021 - 2033 (USD Million)
- 5.8. Educational
- 5.8.1. Modular Construction Market Estimates & Forecast, By Educational, 2021 - 2033 (USD Million)
Chapter 6. Modular Construction Market: Material Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Material Movement Analysis & Market Share, 2025 & 2033
- 6.3. Modular Construction Market Estimates & Forecast, By Material, 2021 - 2033 (USD Million)
- 6.4. Wood
- 6.4.1. Modular Construction Market Estimates & Forecast, By Wood, 2021 - 2033 (USD Million)
- 6.5. Steel
- 6.5.1. Modular Construction Market Estimates & Forecast, By Steel, 2021 - 2033 (USD Million)
- 6.6. Concrete
- 6.6.1. Modular Construction Market Estimates & Forecast, By Concrete, 2021 - 2033 (USD Million)
- 6.7. Others
- 6.7.1. Modular Construction Market Estimates & Forecast, By Others, 2021 - 2033 (USD Million)
Chapter 7. Modular Construction Market: Module Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Module Movement Analysis & Market Share, 2025 & 2033
- 7.3. Modular Construction Market Estimates & Forecast, By Module, 2021 - 2033 (USD Million)
- 7.4. Four-Sided
- 7.4.1. Modular Construction Market Estimates & Forecast, By Four-Sided, 2021 - 2033 (USD Million)
- 7.5. Open-Sided
- 7.5.1. Modular Construction Market Estimates & Forecast, By Open-Sided, 2021 - 2033 (USD Million)
- 7.6. Partially Open-Sided
- 7.6.1. Modular Construction Market Estimates & Forecast, By Partially Open-Sided, 2021 - 2033 (USD Million)
- 7.7. Mixed Modules & Floor Cassettes
- 7.7.1. Modular Construction Market Estimates & Forecast, By Healthcare, 2021 - 2033 (USD Million)
- 7.8. Modules Supported By A Primary Structure
- 7.8.1. Modular Construction Market Estimates & Forecast, By Modules Supported By A Primary Structure, 2021 - 2033 (USD Million)
- 7.9. Others
- 7.9.1. Modular Construction Market Estimates & Forecast, By Others, 2021 - 2033 (USD Million)
Chapter 8. Modular Construction Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2025 & 2033
- 8.2. North America
- 8.2.1. North America Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Germany Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.3.3. UK
- 8.3.3.1. UK Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.3.4. Sweden
- 8.3.4.1. Sweden Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.4.5. Singapore
- 8.4.5.1. Singapore Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.5. Middle East & Africa
- 8.5.1. Middle East & Africa Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.5.2. UAE
- 8.5.2.1. UAE Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.5.3. Saudi Arabia
- 8.5.3.1. Saudi Arabia Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.6. Central & South America
- 8.6.1. Central & South America Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Brazil Modular Construction Market Estimates & Forecasts, 2021 - 2033 (USD Million)
Chapter 9. Modular Construction Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Competition Categorization
- 9.3. Company Market Positioning
- 9.4. Vendor Landscape
- 9.5. Strategy Mapping
- 9.6. Company Listing
- 9.6.1. Sekisui House Ltd.
- 9.6.1.1. Participant Overview
- 9.6.1.2. Financial Performance
- 9.6.1.3. Product Benchmarking
- 9.6.1.4. Strategic Initiatives
- 9.6.2. LAING O'ROURKE
- 9.6.2.1. Participant Overview
- 9.6.2.2. Financial Performance
- 9.6.2.3. Product Benchmarking
- 9.6.2.4. Strategic Initiatives
- 9.6.3. Red Sea International
- 9.6.3.1. Participant Overview
- 9.6.3.2. Financial Performance
- 9.6.3.3. Product Benchmarking
- 9.6.3.4. Strategic Initiatives
- 9.6.4. Skanska
- 9.6.4.1. Participant Overview
- 9.6.4.2. Financial Performance
- 9.6.4.3. Product Benchmarking
- 9.6.4.4. Strategic Initiatives
- 9.6.5. Bouygues Construction
- 9.6.5.1. Participant Overview
- 9.6.5.2. Financial Performance
- 9.6.5.3. Product Benchmarking
- 9.6.5.4. Strategic Initiatives
- 9.6.6. Premier Modular Limited
- 9.6.6.1. Participant Overview
- 9.6.6.2. Financial Performance
- 9.6.6.3. Product Benchmarking
- 9.6.6.4. Strategic Initiatives
- 9.6.7. LEUSBERG GmbH & Co KG
- 9.6.7.1. Participant Overview
- 9.6.7.2. Financial Performance
- 9.6.7.3. Product Benchmarking
- 9.6.7.4. Strategic Initiatives
- 9.6.8. DuBox
- 9.6.8.1. Participant Overview
- 9.6.8.2. Financial Performance
- 9.6.8.3. Product Benchmarking
- 9.6.8.4. Strategic Initiatives
- 9.6.9. Wernick Group
- 9.6.9.1. Participant Overview
- 9.6.9.2. Financial Performance
- 9.6.9.3. Product Benchmarking
- 9.6.9.4. Strategic Initiatives
- 9.6.10. CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS)
- 9.6.10.1. Participant Overview
- 9.6.10.2. Financial Performance
- 9.6.10.3. Product Benchmarking
- 9.6.10.4. Strategic Initiatives
- 9.6.11. Riko Hise d.o.o
- 9.6.11.1. Participant Overview
- 9.6.11.2. Financial Performance
- 9.6.11.3. Product Benchmarking
- 9.6.11.4. Strategic Initiatives
- 9.6.12. Lendlease Corporation
- 9.6.12.1. Participant Overview
- 9.6.12.2. Financial Performance
- 9.6.12.3. Product Benchmarking
- 9.6.12.4. Strategic Initiatives
- 9.6.13. Modulaire Group
- 9.6.13.1. Participant Overview
- 9.6.13.2. Financial Performance
- 9.6.13.3. Product Benchmarking
- 9.6.13.4. Strategic Initiatives
- 9.6.14. Guerdon, LLC
- 9.6.14.1. Participant Overview
- 9.6.14.2. Financial Performance
- 9.6.14.3. Product Benchmarking
- 9.6.14.4. Strategic Initiatives
- 9.6.15. Hickory Group
- 9.6.15.1. Participant Overview
- 9.6.15.2. Financial Performance
- 9.6.15.3. Product Benchmarking
- 9.6.15.4. Strategic Initiatives