Modular Construction Market

Modular Construction Market by Type, Module (Four-Sided Modules, Open-Sided Modules, Partially Open Sided Modules, Mixed Modules & Floor Cassettes, Modules Supported By a Primary Structure), Material, End-Use Sector, Region - Global Forecast to 2027

Report Code: BC 6498 Dec, 2022, by marketsandmarkets.com

Modular Construction Market

The global modular construction market size was valued at USD 91.0 billion in 2022 and is projected to reach USD 120.4 billion by 2027, growing at a cagr 5.7% from 2022 to 2027. The growth of this market is ascribed to an increase in concern for work-zone protection, the necessity for reduced environmental effects, and encouraging initiatives by the government. Growth in population and urban development offers prospects for the development of the market. Though, factors like lack of consciousness and the instability in transportation costs may hinder the development of the market.

Attractive Opportunities in the Modular Construction Market

Modular Construction Market

e- Estimated, p- Projected

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Modular Construction Market Dynamics

Drivers- Improving work zone safety and creating sustainability

The fatality rate in the construction sector has remained constant. Safety continues to be a key challenge in the construction industry. The benefits offered by modular construction can help in addressing these issues. Offsite construction reduces the risks of accidents and related liabilities for workers. The use of modular construction for creating and developing buildings, bridges, and stadiums has increased work-zone safety. For instance, while constructing a bridge on-site, workers are exposed to high-speed traffic for a long time, along with other on-site construction hazards, which increases the possibility of accidents. The modular construction process minimizes these threats. Furthermore, this modern construction technique reduces the need for workers on ladders or scaffoldings, which reduces the risk of falls and also avoids close work in tight spaces.

Restraints- Risks of transportation and assembly issues in modular construction

Prefabricated components or modules are transported/ shipped from the factory (offsite location) to the building site, which may have possibilities of damage during transit. The transit cost of these modules or parts of the building is high as it requires large modules to be carried, and the cost is relatively high, depending on the distance of the transit. Furthermore, precision is an important factor to be considered by manufacturers in modular construction. The beams, columns, walls, and floor are required to be flawlessly aligned and joined in standing up. In addition, an improper assembly can end up in joint failure and leaks, which may result in danger to an entire building.

Opportunities- Population increase and development to increase the number of projects

Corresponding to the United Nations Department of Economic and Social Affairs/Population Division and World Population, the world's population is estimated to reach 9.5 billion by 2050. The increasing population, plus the industrial expansion after the economic downturn, has offered a rise up to new constructions in together commercial and residential sectors. Furthermore, the movement of the rural population to urban areas and the transformation of municipalities into cities have further driven the rate of growth of the modular construction market.

Challenges- Lack of awareness in developing economies

The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers; its R&D budget is also limited in comparison to other sectors. The modular construction market has a positive outlook due to high growth in the construction industry. However, in some developing or underdeveloped countries of the Asia Pacific region, as well as in Africa and South America, people are less aware of this construction method and its benefits. People perceive modular buildings to have shorter life or are unable to sustain natural calamities. There is also a lack of awareness about the recyclability of modular buildings in emerging economies in Africa and South America. For the growth of this industry, it is important to educate customers regarding the positive effects of modular construction on the environment and the way it can contribute to a healthy lifestyle.

Modular Construction Market Ecosystem

Modular Construction Market by Region

Permanent modular building is projected to be the largest modular construction market

Permanent modular construction is an advanced building technique that operates offsite manufacturing methods to prefabricate single and multi-story buildings in modular portions on the grounds of sustainability. It can be put together into a current structure or built to stand independently.

The healthcare segment is the quickest-growing end-use sector

Modular construction deals with quiet, safe, and sanitary functions for medical, operating, clinical, and dental consonant use. In this industry, significance is given to reducing construction times and lowering costs while pursuing high-quality building materials and projects. Modular construction methods can be used to offer custom-built facilities with bare minimum budgets, along with keeping strict medical and appealing specifications.

Asia Pacific modular construction market to register the highest CAGR during the forecast period.

Modular Construction Market by Region

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In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2022 to 2027. Factors such as the ready availability of raw materials and manpower, along with sophisticated technologies and innovations, have driven the growth of the economy in the Asia Pacific region. According to the World Bank, the two economic giants of the Asia Pacific region, China and Japan, are the world’s second-and third-largest economies as of 2021.

According to the World Bank, Asia Pacific was the fastest-growing region, in terms of both population and economic growth. According to the Population Reference Bureau, China, India, and other emerging Asia Pacific countries had a combined population exceeding 4.5 billion in 2019, which is projected to become an increasingly important driver for global consumption of modular construction over the next two decades.

Modular Construction Market Players

Key players, such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Kleusberg GmbH (Germany) have adopted various growth strategies, such as acquisitions, contracts, agreements, and new projects to increase their market shares and enhance their product portfolios.

Laing O’Rourke is a global construction and engineering company. The company designs, constructs, funds, and maintains the built environment by providing the facilities to educate, accommodate, transport, employ, care for, and sustain communities. It owns a number of construction, manufacturing, engineering, and specialist service companies, which combine in order to provide its clients with comprehensive investment, development, as well as management capability. The company’s key services include building construction, engineering expertise, investment and development, infrastructure construction, modular manufacturing, and support services. Laing O’Rourke follows their 70:60:30 design for manufacturing assembly, where 70% of the construction is conducted offsite, leading to a 60% improvement in productivity, and a 30% improvement in the delivery schedule. Through its wide business portfolio, it serves numerous sectors comprising buildings, power, transport, water & utilities, oil & gas, and mining & natural resources.

Modular Construction Market Report Scope

Report Metric

Details

Market Size Value in 2022

USD 91.0 billion

Revenue Forecast in 2027

USD 120.4 billion

CAGR

5.7%

Market size available for years

2017–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD) and Volume (Thousnad Square Feet)

Segments Covered

Type, Material, Module, End-Use Sector, and Region

Geographies covered

North America, Asia Pacific, Europe, Middle East & Africa, and South America

Companies covered

Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Algeco Scotsman (UK), Kleusberg GmbH (Germany), Katerra (US), Lendlease Corporation (Australia), Bechtel Corporation (US), Fluor Corporation (US)
31 manufacturers are covered in the modular construction market.

This research report categorizes the modular construction market based on type, material, module, end-use sector, and region.

Based on type:
  • Permanent
  • Relocatable
Based on the Material:
Based on the Module:
  • Four-sided
  • Open-sided
  • Partially open-sided
  • Mixed modules & floor cassettes
  • Modules supported by a primary structure
  • Others
Based on the End-Use Sector:
  • Residential
  • Office
  • Education
  • Retail & Commercial
  • Hospitality
  • Healthcare
  • Others
Based on the region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In June 2020, Algeco Group strengthened its Nordic presence by announcing the acquisition of Wexus Group AS (Norway) from Norvestor Equity AS and other shareholders
  • In December 2019, Fluor announced that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. fabrication yard in Zhuhai, China, safely completed the entire module program for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project in Kuwait.
  • In October 2019, ATCO Structures & Logistics opened a custom-built manufacturing plant and hire yard facility on the Gold Coast, Queensland.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
          FIGURE 1 MODULAR CONSTRUCTION MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED
           1.3.2 REGIONAL SCOPE
                    FIGURE 2 MODULAR CONSTRUCTION MARKET, BY REGION
    1.4 CURRENCY CONSIDERED 
    1.5 UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
          FIGURE 3 MODULAR CONSTRUCTION MARKET: RESEARCH DESIGN
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 4 APPROACH 1 (BOTTOM-UP, BY REGION)
          FIGURE 5 APPROACH 2 (BASED ON CONSTRUCTION OUTPUT, BY COUNTRY/REGION)
    2.3 DATA TRIANGULATION 
          FIGURE 6 DATA TRIANGULATION
          FIGURE 7 KEY MARKET INSIGHTS
          FIGURE 8 LIST OF STAKEHOLDERS AND BREAKDOWN OF PRIMARY INTERVIEWS
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS
 
3 EXECUTIVE SUMMARY (Page No. - 40)
    FIGURE 9 PERMANENT MODULAR SEGMENT TO DOMINATE MARKET BY 2027
    FIGURE 10 WOOD TO LEAD MODULAR CONSTRUCTION MARKET BY 2027
    FIGURE 11 HEALTHCARE SEGMENT TO GROW AT FASTEST RATE
    FIGURE 12 EUROPE TO DOMINATE MODULAR CONSTRUCTION MARKET IN 2021
 
4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 DEVELOPED ECONOMIES TO WITNESS HIGHER DEMAND  FOR MODULAR CONSTRUCTION 
          FIGURE 13 EMERGING ECONOMIES TO OFFER ATTRACTIVE OPPORTUNITIES IN MARKET
    4.2 MODULAR CONSTRUCTION MARKET, BY TYPE 
          FIGURE 14 PERMANENT MODULAR CONSTRUCTION TO LEAD MARKET BY 2027
    4.3 MODULAR CONSTRUCTION MARKET, BY MATERIAL 
          FIGURE 15 STEEL SEGMENT TO GROW AT HIGHEST RATE
    4.4 MODULAR CONSTRUCTION MARKET, BY END-USE 
          FIGURE 16 RESIDENTIAL INDUSTRY TO DOMINATE MARKET
    4.5 ASIA PACIFIC MODULAR CONSTRUCTION MARKET,  BY END-USE AND COUNTRY 
          FIGURE 17 CONCRETE DOMINATED MODULAR CONSTRUCTION MARKET IN 2021
    4.6 MODULAR CONSTRUCTION MARKET, BY KEY COUNTRIES 
          FIGURE 18 CHINA TO GROW AT HIGHEST RATE FROM 2022 TO 2027
 
5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 19 MODULAR CONSTRUCTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing work-zone safety and building sustainability
                    5.2.1.2 Need for time-saving and cost-effective construction
                    5.2.1.3 Ease of relocation of modular buildings
                    5.2.1.4 Supportive government initiatives
           5.2.2 RESTRAINTS
                    5.2.2.1 Risks of transportation and assembly issues in modular construction
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Population growth and urbanization translating to increased number of construction projects
                                TABLE 1 ASIA PACIFIC URBANIZATION TREND, 1990–2050
                    5.2.3.2 Housing crisis in developed countries
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of awareness in developing economies
                    5.2.4.2 Volatility in transportation charges
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 20 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 2 MODULAR CONSTRUCTION MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 SUPPLY CHAIN ANALYSIS 
          FIGURE 21 SUPPLY CHAIN ANALYSIS
           5.4.1 PROMINENT COMPANIES
           5.4.2 SMALL & MEDIUM ENTERPRISES
    5.5 VALUE CHAIN ANALYSIS 
          FIGURE 22 VALUE CHAIN ANALYSIS
           5.5.1 DESIGN
           5.5.2 ENGINEERING
           5.5.3 PERMITS & APPROVALS
           5.5.4 SITE DEVELOPMENT & BUILDING FOUNDATION
           5.5.5 PLANT FABRICATION
           5.5.6 TRANSPORTATION
           5.5.7 INSTALLATION
    5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
          FIGURE 23 TRENDS IMPACTING CUSTOMER’S BUSINESS
    5.7 KEY CONFERENCES AND EVENTS, 2022-2023 
          TABLE 3 DETAILED LIST OF CONFERENCES AND EVENTS
    5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO END-USE  INDUSTRIES (%)
           5.8.2 BUYING CRITERIA
                    FIGURE 25 KEY BUYING CRITERIA FOR RESIDENTIAL AND EDUCATION SECTORS
                    TABLE 5 KEY BUYING CRITERIA FOR AMINOPHENOL IN TOP TWO END-USE INDUSTRIES
    5.9 ECOSYSTEM ANALYSIS 
          FIGURE 26 ECOSYSTEM MAPPING ANALYSIS
    5.10 REGULATION ANALYSIS 
           5.10.1 STANDARDS
                    5.10.1.1 CSA A227
                    5.10.1.2 UL-2600
    5.11 PRICING ANALYSIS 
           TABLE 6 PRICING ANALYSIS
    5.12 PATENT ANALYSIS 
           5.12.1 INTRODUCTION
           5.12.2 METHODOLOGY
           5.12.3 DOCUMENT TYPE
                     TABLE 7 LIMITED PATENTS WERE 57% OF TOTAL COUNT IN LAST 10 YEARS
                     FIGURE 27 NUMBER OF PATENTS PUBLISHED FROM 2011 TO 2021
                     FIGURE 28 NUMBER OF PATENTS PUBLISHED YEAR-WISE (2011–2021)
           5.12.4 INSIGHTS
           5.12.5 JURISDICTION ANALYSIS
                     FIGURE 29 PATENT ANALYSIS, BY TOP JURISDICTIONS
           5.12.6 TOP COMPANIES/APPLICANTS
                     FIGURE 30 TOP 10 PATENT APPLICANTS
                     TABLE 8 TOP 10 US PATENT OWNERS IN LAST 10 YEARS
 
6 MODULAR CONSTRUCTION MARKET, BY TYPE (Page No. - 69)
    6.1 INTRODUCTION 
          FIGURE 31 PERMANENT MODULAR CONSTRUCTION TO BE LARGER SEGMENT BY 2025
          TABLE 9 MODULAR CONSTRUCTION MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 10 MARKET SIZE, BY TYPE,  2017–2020 (THOUSAND SQUARE FEET)
          TABLE 11 MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
          TABLE 12 MARKET SIZE, BY TYPE,  2021–2027 (THOUSAND SQUARE FEET)
    6.2 PERMANENT MODULAR CONSTRUCTION 
           6.2.1 SAVING OF TIME AND LABOR LEADING TO BUDGET CONTROL TO PROPEL MARKET
    6.3 RELOCATABLE MODULAR CONSTRUCTION 
           6.3.1 EASE OF RELOCATION, FAST DELIVERY, AND LOW COST TO DRIVE MARKET
 
7 MODULAR CONSTRUCTION MARKET, BY MATERIAL (Page No. - 73)
    7.1 INTRODUCTION 
          FIGURE 32 STEEL TO BE FASTEST-GROWING SEGMENT
          TABLE 13 MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL, 2017–2020 (USD MILLION)
          TABLE 14 MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
          TABLE 15 MARKET SIZE, BY MATERIAL, 2021–2027 (USD MILLION)
          TABLE 16 MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
    7.2 CONCRETE 
           7.2.1 INCREASED FIRE RESISTANCE AND DURABILITY TO STIMULATE DEMAND
                    TABLE 17 CONCRETE: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 18 CONCRETE: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 19 CONCRETE: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 20 CONCRETE: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    7.3 STEEL 
           7.3.1 IMPROVED STRUCTURAL INTEGRITY, DESIGN FLEXIBILITY, STRENGTH, DURABILITY, AND FIRE RESISTANCE TO BOOST MARKET
                    TABLE 21 STEEL: MODULAR CONSTRUCTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 22 STEEL: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 23 STEEL: MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
                    TABLE 24 STEEL: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    7.4 WOOD 
           7.4.1 BENEFITS SUCH AS COST-EFFECTIVENESS AND EASY TRANSPORTATION TO DRIVE MARKET
                    TABLE 25 WOOD: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 26 WOOD: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 27 WOOD: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 28 WOOD: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
 
8 MODULAR CONSTRUCTION MARKET, BY MODULE (Page No. - 82)
    8.1 INTRODUCTION 
    8.2 FOUR-SIDED MODULES 
           8.2.1 USE OF CELLULAR BUILDINGS TO PROPEL MARKET
    8.3 OPEN-SIDED MODULES 
           8.3.1 INCREASED UTILIZATION IN LOW-RISE AND RESIDENTIAL BUILDINGS TO ACCELERATE MARKET
    8.4 PARTIALLY OPEN-SIDED MODULES 
           8.4.1 INCREASED CONSTRUCTION SPEED BY AVOIDING WEATHER FLUCTUATIONS TO DRIVE MARKET
    8.5 MIXED MODULES AND FLOOR CASSETTES 
           8.5.1 LIMITATIONS DUE TO INCREASED LOAD ON MODULES IN CONSTRUCTION TO LIMIT MARKET
    8.6 MODULES SUPPORTED BY PRIMARY STRUCTURES 
           8.6.1 USE IN MIXED RETAIL AND COMMERCIAL CONSTRUCTIONS TO STIMULATE MARKET
    8.7 OTHERS 
 
9 MODULAR CONSTRUCTION MARKET, BY END-USE (Page No. - 84)
    9.1 INTRODUCTION 
          FIGURE 33 RESIDENTIAL SEGMENT TO LEAD MARKET DURING STUDY PERIOD
          TABLE 29 MODULAR CONSTRUCTION MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
          TABLE 30  MARKET SIZE, BY END-USE,  2017–2020 (MILLION SQUARE FEET)
          TABLE 31 MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION)
          TABLE 32 MARKET SIZE, BY END-USE,  2021–2027 (MILLION SQUARE FEET)
    9.2 RESIDENTIAL 
           9.2.1 ECO-FRIENDLY AND COST-EFFECTIVE PROPERTIES OF MODULAR CONSTRUCTION TO PROPEL MARKET
                    TABLE 33 RESIDENTIAL: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 34 RESIDENTIAL:  MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 35 RESIDENTIAL: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 36 RESIDENTIAL: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    9.3 RETAIL & COMMERCIAL 
           9.3.1 EASE OF RELOCATION, LOW-COST RECONFIGURATION, AND FAST DELIVERY TO BOOST MARKET
                    TABLE 37 RETAIL & COMMERCIAL: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 38 RETAIL & COMMERCIAL: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 39 RETAIL & COMMERCIAL: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 40 RETAIL & COMMERCIAL: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    9.4 HEALTHCARE 
           9.4.1 SHORT CONSTRUCTION SCHEDULES AND REDUCED COSTS TO DRIVE MARKET
                    TABLE 41 HEALTHCARE: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 42 HEALTHCARE: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 43 HEALTHCARE: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 44 HEALTHCARE: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    9.5 EDUCATION 
           9.5.1 COST EFFICIENCY, SUPERIOR BUILD TIME, AND OFF-SITE CONSTRUCTION POTENTIAL TO PROPEL MARKET
                    TABLE 45 EDUCATION: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 46 EDUCATION: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 47 EDUCATION: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 48 EDUCATION: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    9.6 HOSPITALITY 
           9.6.1 GROWING NUMBER OF TOURISTS AND STRONG TOURISM SECTOR TO DRIVE MARKET
                    TABLE 49 HOSPITALITY: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 50 HOSPITALITY: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 51 HOSPITALITY: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 52 HOSPITALITY: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    9.7 OFFICE 
           9.7.1 LESSER TIME AND DISRUPTIONS IN ONGOING WORK ENVIRONMENT TO STIMULATE MARKET
                    TABLE 53 OFFICE: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
                    TABLE 54 OFFICE: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
                    TABLE 55 OFFICE: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
                    TABLE 56 OFFICE: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
    9.8 OTHERS 
          TABLE 57 OTHERS: MODULAR CONSTRUCTION MARKET SIZE, BY REGION,  2017–2020 (USD MILLION)
          TABLE 58 OTHERS: MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
          TABLE 59 OTHERS: MARKET SIZE, BY REGION,  2021–2027 (USD MILLION)
          TABLE 60 OTHERS: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
 
10 MODULAR CONSTRUCTION MARKET, BY REGION (Page No. - 100)
     10.1 INTRODUCTION 
             FIGURE 34 REGIONAL SNAPSHOT
             TABLE 61 MODULAR CONSTRUCTION MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
             TABLE 62 MARKET SIZE, BY REGION,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 63 MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
             TABLE 64 MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 65 MARKET SIZE, BY MATERIAL, 2021–2027 (USD MILLION)
             TABLE 66 MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 67 MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
             TABLE 68 MARKET SIZE, BY TYPE,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 69 MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION)
             TABLE 70 MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 71 MARKET SIZE, BY CONSTRUCTION,  2021–2027 (USD MILLION)
             TABLE 72 MARKET SIZE, BY CONSTRUCTION,  2021–2027 (THOUSAND SQUARE FEET)
     10.2 EUROPE 
             FIGURE 35 EUROPE: MODULAR CONSTRUCTION MARKET SNAPSHOT
             TABLE 73 EUROPE: MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
             TABLE 74 EUROPE: MARKET SIZE, BY COUNTRY,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 75 EUROPE: MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
             TABLE 76 EUROPE: MARKET SIZE, BY COUNTRY,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 77 EUROPE: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
             TABLE 78 EUROPE: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 79 EUROPE: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
             TABLE 80 EUROPE: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 81 EUROPE: MARKET SIZE, BY CONSTRUCTION,  2021–2027 (USD MILLION)
             TABLE 82 EUROPE: MARKET SIZE, BY CONSTRUCTION,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.1 GERMANY
                        10.2.1.1 Shortage of affordable homes and fast growth in industrialization to propel market
                                      TABLE 83 GERMANY: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 84 GERMANY: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 85 GERMANY: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 86 GERMANY: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 87 GERMANY: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 88 GERMANY: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 89 GERMANY: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 90 GERMANY: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.2 UK
                        10.2.2.1 Increased government initiatives for modular building manufacturers to drive market
                                      TABLE 91 UK: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL, 2017–2020 (USD MILLION)
                                      TABLE 92 UK: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 93 UK: MARKET SIZE, BY MATERIAL, 2021–2027 (USD MILLION)
                                      TABLE 94 UK: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 95 UK: MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                      TABLE 96 UK: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 97 UK: MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION)
                                      TABLE 98 UK: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.3 ITALY
                        10.2.3.1 Rising investments in construction sector and awareness of modular homes to drive market
                                      TABLE 99 ITALY: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 100 ITALY: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 101 ITALY: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 102 ITALY: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 103 ITALY: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 104 ITALY: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 105 ITALY: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 106 ITALY: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.4 FRANCE
                        10.2.4.1 Growing demand for modular wood buildings to propel market
                                      TABLE 107 FRANCE: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 108 FRANCE: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 109 FRANCE: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 110 FRANCE: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 111 FRANCE: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 112 FRANCE: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 113 FRANCE: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 114 FRANCE: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.5 RUSSIA
                        10.2.5.1 High demand for new housing to augment market
                                      TABLE 115 RUSSIA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 116 RUSSIA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 117 RUSSIA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 118 RUSSIA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 119 RUSSIA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 120 RUSSIA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 121 RUSSIA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 122 RUSSIA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.6 POLAND
                        10.2.6.1 Rising price of building materials and labor shortage in traditional construction methods to support market
                                      TABLE 123 POLAND: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 124 POLAND: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 125 POLAND: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 126 POLAND: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 127 POLAND: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 128 POLAND: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 129 POLAND: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 130 POLAND: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.7 SPAIN
                        10.2.7.1 Increase in demand for affordable homes to drive market
                                      TABLE 131 SPAIN: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 132 SPAIN: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 133 SPAIN: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 134 SPAIN: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 135 SPAIN: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 136 SPAIN: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 137 SPAIN: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 138 SPAIN: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.8 AUSTRIA
                        10.2.8.1 Housing initiatives by government to boost demand
                                      TABLE 139 AUSTRIA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 140 AUSTRIA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 141 AUSTRIA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 142 AUSTRIA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 143 AUSTRIA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 144 AUSTRIA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 145 AUSTRIA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 146 AUSTRIA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.2.9 REST OF EUROPE
                        TABLE 147 REST OF EUROPE: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                        TABLE 148 REST OF EUROPE: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 149 REST OF EUROPE: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                        TABLE 150 REST OF EUROPE: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                        TABLE 151 REST OF EUROPE: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                        TABLE 152 REST OF EUROPE: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 153 REST OF EUROPE: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                        TABLE 154 REST OF EUROPE: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
     10.3 ASIA PACIFIC 
             TABLE 155 ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
             TABLE 156 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 157 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
             TABLE 158 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 159 ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
             TABLE 160 ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 161 ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
             TABLE 162 ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 163 ASIA PACIFIC: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
             TABLE 164 ASIA PACIFIC: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 165 ASIA PACIFIC: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
             TABLE 166 ASIA PACIFIC: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.3.1 CHINA
                        10.3.1.1 Government initiatives and favorable policies to propel market
                                      TABLE 167 CHINA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 168 CHINA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 169 CHINA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 170 CHINA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 171 CHINA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 172 CHINA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 173 CHINA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 174 CHINA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.3.2 JAPAN
                        10.3.2.1 Increasing urban population demanding modular homes to drive market
                                      TABLE 175 JAPAN: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 176 JAPAN: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 177 JAPAN: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 178 JAPAN: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 179 JAPAN: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 180 JAPAN: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 181 JAPAN: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 182 JAPAN: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.3.3 AUSTRALIA & NEW ZEALAND
                        10.3.3.1 Growing population and s                                      TABLE economic conditions to support growth
                                      TABLE 183 AUSTRALIA & NEW ZEALAND: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL, 2017–2020 (USD MILLION)
                                      TABLE 184 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY MATERIAL, 2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 185 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 186 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 187 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 188 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY END-USE, 2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 189 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION)
                                      TABLE 190 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.3.4 SOUTH KOREA
                        10.3.4.1 Increasing commercial construction projects to drive demand
                                      TABLE 191 SOUTH KOREA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 192 SOUTH KOREA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 193 SOUTH KOREA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 194 SOUTH KOREA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 195 SOUTH KOREA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 196 SOUTH KOREA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 197 SOUTH KOREA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 198 SOUTH KOREA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.3.5 INDIA
                        10.3.5.1 Rising population, GDP, and purchasing power of customers to stimulate growth
                                      TABLE 199 INDIA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 200 INDIA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 201 INDIA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 202 INDIA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 203 INDIA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 204 INDIA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 205 INDIA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 206 INDIA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.3.6 REST OF ASIA PACIFIC
                        TABLE 207 REST OF ASIA PACIFIC: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                        TABLE 208 REST OF ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 209 REST OF ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                        TABLE 210 REST OF ASIA PACIFIC: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                        TABLE 211 REST OF ASIA PACIFIC: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                        TABLE 212 REST OF ASIA PACIFIC: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 213 REST OF ASIA PACIFIC: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                        TABLE 214 REST OF ASIA PACIFIC: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
     10.4 NORTH AMERICA 
             TABLE 215 NORTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
             TABLE 216 NORTH AMERICA: MARKET SIZE, BY COUNTRY,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 217 NORTH AMERICA: MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
             TABLE 218 NORTH AMERICA: MARKET, BY COUNTRY,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 219 NORTH AMERICA: MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
             TABLE 220 NORTH AMERICA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 221 NORTH AMERICA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
             TABLE 222 NORTH AMERICA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 223 NORTH AMERICA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
             TABLE 224 NORTH AMERICA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 225 NORTH AMERICA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
             TABLE 226 NORTH AMERICA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.4.1 US
                        10.4.1.1 Growing building construction, renovation, and remolding activities to boost market
                                      TABLE 227 US: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL, 2017–2020 (USD MILLION)
                                      TABLE 228 US: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 229 US: MARKET SIZE, BY MATERIAL, 2021–2027 (USD MILLION)
                                      TABLE 230 US: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 231 US: MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION)
                                      TABLE 232 US: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 233 US: MARKET SIZE, BY END-USE, 2021–2027 (USD MILLION)
                                      TABLE 234 US: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.4.2 CANADA
                        10.4.2.1 Increase in remolding activities to propel market
                                      TABLE 235 CANADA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 236 CANADA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 237 CANADA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 238 CANADA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 239 CANADA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 240 CANADA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 241 CANADA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 242 CANADA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.4.3 MEXICO
                        10.4.3.1 Growth in construction and infrastructure sectors to accelerate growth
                                      TABLE 243 MEXICO: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 244 MEXICO: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 245 MEXICO: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 246 MEXICO: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 247 MEXICO: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 248 MEXICO: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 249 MEXICO: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 250 MEXICO: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
     10.5 MIDDLE EAST & AFRICA 
             TABLE 251 MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
             TABLE 252 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 253 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
             TABLE 254 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 255 MIDDLE EAST & AFRICA: MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
             TABLE 256 MIDDLE EAST & AFRICA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 257 MIDDLE EAST & AFRICA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
             TABLE 258 MIDDLE EAST & AFRICA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 259 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
             TABLE 260 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 261 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
             TABLE 262 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.5.1 TURKEY
                        10.5.1.1 Housing schemes initiated by government to drive market
                                      TABLE 263 TURKEY: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 264 TURKEY: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 265 TURKEY: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 266 TURKEY: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 267 TURKEY: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 268 TURKEY: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 269 TURKEY: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 270 TURKEY: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.5.2 UAE
                        10.5.2.1 Strong government support and ongoing construction projects to stimulate market
                                      TABLE 271 UAE: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 272 UAE: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 273 UAE: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 274 UAE: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 275 UAE: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 276 UAE: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 277 UAE: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 278 UAE: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.5.3 SAUDI ARABIA
                        10.5.3.1 Mega housing projects and increase in demand for affordable houses to drive market
                                      TABLE 279 SAUDI ARABIA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 280 SAUDI ARABIA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 281 SAUDI ARABIA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 282 SAUDI ARABIA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 283 SAUDI ARABIA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 284 SAUDI ARABIA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 285 SAUDI ARABIA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 286 SAUDI ARABIA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.5.4 SOUTH AFRICA
                        10.5.4.1 Rapid urbanization and growing demand for sustainable buildings to boost market
                                      TABLE 287 SOUTH AFRICA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 288 SOUTH AFRICA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 289 SOUTH AFRICA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 290 SOUTH AFRICA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 291 SOUTH AFRICA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 292 SOUTH AFRICA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 293 SOUTH AFRICA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 294 SOUTH AFRICA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.5.5 REST OF MIDDLE EAST & AFRICA
                        TABLE 295 REST OF MIDDLE EAST & AFRICA: MODULAR CONSTRUCTION MARKET SIZE,  BY MATERIAL, 2017–2020 (USD MILLION)
                        TABLE 296 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY MATERIAL, 2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 297 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY MATERIAL, 2021–2027 (USD MILLION)
                        TABLE 298 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY MATERIAL, 2021–2027 (THOUSAND SQUARE FEET)
                        TABLE 299 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY END-USE, 2017–2020 (USD MILLION)
                        TABLE 300 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY END-USE, 2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 301 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY END-USE, 2021–2027 (USD MILLION)
                        TABLE 302 REST OF MIDDLE EAST & AFRICA: MARKET SIZE,  BY END-USE, 2021–2027 (THOUSAND SQUARE FEET)
     10.6 SOUTH AMERICA 
             TABLE 303 SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY COUNTRY,  2017–2020 (USD MILLION)
             TABLE 304 SOUTH AMERICA: MARKET SIZE, BY COUNTRY,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 305 SOUTH AMERICA: MARKET SIZE, BY COUNTRY,  2021–2027 (USD MILLION)
             TABLE 306 SOUTH AMERICA: MARKET SIZE, BY COUNTRY,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 307 SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
             TABLE 308 SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 309 SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
             TABLE 310 SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
             TABLE 311 SOUTH AMERICA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
             TABLE 312 SOUTH AMERICA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
             TABLE 313 SOUTH AMERICA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
             TABLE 314 SOUTH AMERICA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.6.1 BRAZIL
                        10.6.1.1 Rise in demand for housing and institutional buildings to drive market
                                      TABLE 315 BRAZIL: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 316 BRAZIL: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 317 BRAZIL: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 318 BRAZIL: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 319 BRAZIL: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 320 BRAZIL: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 321 BRAZIL: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 322 BRAZIL: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.6.2 ARGENTINA
                        10.6.2.1 Housing crisis to create high demand for modular construction
                                      TABLE 323 ARGENTINA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                                      TABLE 324 ARGENTINA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 325 ARGENTINA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                                      TABLE 326 ARGENTINA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                                      TABLE 327 ARGENTINA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                                      TABLE 328 ARGENTINA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                                      TABLE 329 ARGENTINA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                                      TABLE 330 ARGENTINA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
             10.6.3 REST OF SOUTH AMERICA
                        TABLE 331 REST OF SOUTH AMERICA: MODULAR CONSTRUCTION MARKET SIZE, BY MATERIAL,  2017–2020 (USD MILLION)
                        TABLE 332 REST OF SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 333 REST OF SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2021–2027 (USD MILLION)
                        TABLE 334 REST OF SOUTH AMERICA: MARKET SIZE, BY MATERIAL,  2021–2027 (THOUSAND SQUARE FEET)
                        TABLE 335 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE,  2017–2020 (USD MILLION)
                        TABLE 336 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE,  2017–2020 (THOUSAND SQUARE FEET)
                        TABLE 337 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE,  2021–2027 (USD MILLION)
                        TABLE 338 REST OF SOUTH AMERICA: MARKET SIZE, BY END-USE,  2021–2027 (THOUSAND SQUARE FEET)
                        TABLE 339 REST OF SOUTH AMERICA: MARKET SIZE, BY REGION,  2021–2027 (THOUSAND SQUARE FEET)
 
11 COMPETITIVE LANDSCAPE (Page No. - 218)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 340 OVERVIEW OF STRATEGIES ADOPTED BY MODULAR CONSTRUCTION MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS 
             11.3.1 RANKING OF KEY MARKET PLAYERS
                        FIGURE 36 RANKING OF TOP FIVE PLAYERS IN MODULAR CONSTRUCTION MARKET, 2021
             11.3.2 MARKET SHARE OF KEY PLAYERS, 2021
                        TABLE 341  MARKET: MARKET SHARE OF KEY PLAYERS
                        FIGURE 37  MARKET: MARKET SHARE ANALYSIS
     11.4 COMPANY EVALUATION QUADRANT 
             11.4.1 STARS
             11.4.2 PERVASIVE PLAYERS
             11.4.3 EMERGING LEADERS
             11.4.4 PARTICIPANTS
                        FIGURE 38  MARKET: COMPANY EVALUATION QUADRANT, 2021
     11.5 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 RESPONSIVE COMPANIES
             11.5.3 DYNAMIC COMPANIES
             11.5.4 STARTING BLOCKS
                        FIGURE 39 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES EVALUATION MATRIX, 2021
     11.6 COMPETITIVE BENCHMARKING 
             TABLE 342  MARKET: DETAILED LIST OF KEY PLAYERS
     11.7 COMPETITIVE ANALYSIS AND TRENDS 
             11.7.1 DEALS
                        TABLE 343  MARKET: DEALS (2019 TO 2022)
 
12 COMPANY PROFILES (Page No. - 227)
(Business overview, Financial assessment, Operational assessment, Products/Solutions/Services offered, Recent developments & MnM View)*
     12.1 MAJOR PLAYERS 
             12.1.1 LAING O’ROURKE
                        TABLE 344 LAING O’ ROURKE: COMPANY OVERVIEW
                        FIGURE 40 LAING O’ROURKE: COMPANY SNAPSHOT
             12.1.2 RED SEA HOUSING
                        TABLE 345 RED SEA HOUSING: COMPANY OVERVIEW
                        FIGURE 41 RED SEA HOUSING: COMPANY SNAPSHOT
             12.1.3 ATCO LTD.
                        TABLE 346 ATCO LTD.: COMPANY OVERVIEW
                        FIGURE 42 ATCO LTD.: COMPANY SNAPSHOT
             12.1.4 SKANSKA AB
                        TABLE 347 SKANSKA AB: COMPANY OVERVIEW
                        FIGURE 43 SKANSKA AB: COMPANY SNAPSHOT
             12.1.5 MODULAIRE GROUP (ALGECO SCOTSMAN)
                        TABLE 348 MODULAIRE GROUP: COMPANY OVERVIEW
             12.1.6 KLEUSBERG GMBH & CO. KG
                        TABLE 349 KLEUSBERG GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 350 KLEUSBERG GMBH & CO. KG: DEALS
                        TABLE 351 KLEUSBERG GMBH & CO. KG: PRODUCT LAUNCHES
                        TABLE 352 KLEUSBERG GMBH & CO. KG: OTHERS
             12.1.7 LENDLEASE CORPORATION
                        TABLE 353 LENDLEASE CORPORATION: COMPANY OVERVIEW
                        FIGURE 44 LENDLEASE CORPORATION: COMPANY SNAPSHOT
                        TABLE 354 LENDLEASE CORPORATION: DEALS
                        TABLE 355 LENDLEASE CORPORATION: OTHERS
             12.1.8 BECHTEL CORPORATION
                        TABLE 356 BECHTEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 45 BECHTEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 357 BECHTEL CORPORATION: DEALS
                        TABLE 358 BECHTEL CORPORATION: OTHERS
             12.1.9 FLUOR CORPORATION
                        TABLE 359 FLUOR CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 FLUOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 360 FLUOR CORPORATION: DEALS
*Details on Business overview, Financial assessment, Operational assessment, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 DESIGN SPACE MODULAR BUILDINGS INC.
             12.2.2 DUBOX
             12.2.3 KWIKSPACE MODULAR BUILDINGS
             12.2.4 GUERDON LLC
             12.2.5 WESTCHESTER MODULAR HOMES, INC.
             12.2.6 WERNICK GROUP LIMITED
             12.2.7 KOMA MODULAR
             12.2.8 ELEMENTS EUROPE
             12.2.9 FORMHOMES
             12.2.10 BOUYGUES CONSTRUCTION
             12.2.11 PREMIER MODULAR
             12.2.12 STARRCO
             12.2.13 VINCI S.A.
             12.2.14 TURNER INDUSTRIES
             12.2.15 DMD MODULAR
             12.2.16 THE ALHO GROUP
             12.2.17 FULLSTACK MODULAR
             12.2.18 PLANT PREFAB
             12.2.19 PT BLINK TECHNOLOGY
             12.2.20 BUILDWRIGHT
             12.2.21 BLOKABLE INC.
 
13 APPENDIX (Page No. - 281)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.3 AVAILABLE CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities for estimating the current global size of the modular construction market. Exhaustive secondary research was conducted to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of modular construction through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the modular construction market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the modular construction market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both the supply and demand sides of the modular construction market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the modular construction industry. The breakdown of the profiles of primary respondents is as follows:

Breakdown of Primary Interviews

Modular Construction Market Size, and Share

Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = <USD 500 million.

Others include sales, marketing, and product managers.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the global size of the modular construction market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, split, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the modular construction market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

Research Objectives

  • To estimate and forecast the modular construction market, in terms of value and volume
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To define, describe, and forecast the market size, based on type, material, end-use sector, and region
  • To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America along with their key countries
  • To strategically analyze micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as merger & acquisition, expansion & investment, agreement, and new product development in the modular construction market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the modular construction report:

Product Analysis

  • Product matrix, which offers a detailed comparison of the product portfolio of companies

Regional Analysis

  • Further analysis of the modular construction market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
BC 6498
Published ON
Dec, 2022
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