Residential Modular Construction Market worth $72.84 billion by 2030
The Report "Residential Modular Construction Market by Type (Permanent, Relocatable), Material (Wood, Steel, Concrete), Module, And Region – Global Forecast To 2030" is projected to grow from USD 55.54 billion in 2025 and to reach USD 72.84 billion by 2030, at a Compound Annual Growth Rate (CAGR) of XX.X% during the forecast period.
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The?????? modular construction market is expanding at a fast pace, which is mainly a result of rapid urbanization, increasing population, and the rising demand for faster and more efficient methods of building construction. The improvement in technology has greatly contributed to the quality, accuracy, and configuration of the modular structures, and hence their widespread use has become a trend in various sectors. The setting of carbon-neutral goals is another factor that drives the adoption rate higher, as modular construction is credited with generating less waste and consuming fewer resources than conventional building methods.
The permanent?????? modular construction segment is predicted to be the major market segment
The modular construction market encompasses both permanent and relocatable structures, with permanent modular buildings accounting for the largest share. By reducing the construction time and the labor force required, these buildings lower the total project expenses. Additionally, they are highly durable and meet stringent regulations for both residential and commercial applications. Moreover, permanent modules are the primary choice for large-scale developments where long-term occupancy and safety are key concerns.
Steel is projected to have the largest CAGR in the residential modular construction market during the forecast period
From 2025 to 2030, steel is expected to be the material experiencing the most rapid growth in modular construction in terms of value. The main reason for its increased usage is to meet the demand for structurally stronger and more durable frames in new buildings. Transport and installation are quicker when using steel, as it is lighter than most other materials; thus, the project site remains minimally disrupted. Additionally, it enhances structural stability, allowing modular builders to create more complex and intricate designs.
Asia Pacific is projected to be the largest modular construction market
The Asia Pacific region is at the forefront of the global modular construction market, primarily due to its rapid urbanization, industrial development, and growing middle-class population. Companies in the construction sector are adopting advanced modular methods to address the growing demand and intense competition. In countries such as China, India, and Southeast Asian nations, rapid urban growth has made the need for faster and more economical building solutions increasingly indispensable. The market is also supported by various government programs focused on providing affordable housing and promoting energy-efficient construction.
The Asia Pacific region hosts some of the largest and most advanced adopters of modular construction, driven by rapid urban growth and efficiency-building imperatives. For instance, leading players like Sekisui House in Japan have long integrated modular and prefabricated techniques into large-scale homebuilding. Another key player, Daiwa House, furthers this with the application of industrialized building systems across both residential and commercial developments. Operating in Singapore and Australia, Lendlease Asia employs modular methods for major urban renewal and housing projects throughout the region. In India, Tata Projects and Tata Housing use modular and precast systems for faster and more cost-effective residential and infrastructure developments.
The residential modular construction market comprises major players such as Laing O’Rourke (UK), Red Sea Housing (Saudi Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Modulaire Group (UK), Bechtel Corporation (US), Fluor Corporation (US), Lendlease Corporation (Australia), and Kleusberg GmbH (Germany), among others. Partnerships, acquisitions, and expansions are among the key strategies adopted by these major players to enhance their positions in the residential modular construction market.
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