Modular Construction Market is Expected to Grow from 101.9 USD Billion in 2025 to 150 USD Billion by 2035

The modular construction market was valued at $97.9 billion in 2024 and is expected to grow to $150 billion by 2035, with a CAGR of 4.0%. Modular construction involves prefabricating building components off-site and assembling them on-site, offering advantages in speed, cost, and quality control.

Market Drivers

• Demand for Affordable Housing: The need for cost-effective housing solutions is driving the adoption of modular construction methods.
• Speed of Construction: Modular construction allows for faster project completion, reducing overall construction timelines.
• Sustainability: Modular buildings often have lower environmental impacts due to efficient use of materials and energy during construction.

Market Segmentation

• By Application: Residential, commercial, industrial, institutional, infrastructure.
• By Building Type: Single-storey, multi-storey, modular housing, temporary structures, permanent structures.
• By Construction Method: Volumetric modular construction, panelized modular construction, modularized preassembly, hybrid modular construction.
• By Materials Used: Wood, steel, concrete, aluminium.

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Regional Insights

• Asia-Pacific: Significant growth projected due to urbanization and infrastructure development projects in countries like China and India.
• North America and Europe: Steady growth driven by advancements in modular construction technologies and increasing demand for sustainable building solutions.

Challenges and Opportunities

Challenges include regulatory hurdles and public perception of modular buildings. Opportunities lie in technological advancements and expanding applications in various construction sectors.

Key Players

Key companies in the modular construction market include Katerra, Modulus, Royal Homes, Factory OS, and Turner Construction, focusing on innovation and expanding their product portfolios.

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Translation of the Report in Different Languages

Marché de la construction modulaire | Markt für modulare Bauweise | 모듈러 건설 시장 | 模块化建筑市场 | Mercado de la construcción modular | モジュラー建設市場 

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