Modular Construction Market

The modular construction market is expected to reach USD 142.87 billion by 2030, up from USD 109.60 billion in 2025, at a CAGR of 5.4% over the forecast period.

The modular construction industry is rapidly evolving as a result of increased focus on fast-track delivery, cost reduction, and improved quality in residential, commercial, office, and institutional buildings. With modules constructed in a controlled environment, there is improved precision of work, resulting in decreased waste and site-related disruptions due to weather conditions. The method improves labor efficiency, helps overcome talent scarcity, and ensures a more secure work environment compared with conventional construction techniques. You will find applications in residential, healthcare, educational, hotel, and data centers. The market is also influenced by stringent building regulations, sustainable policies, and green rating systems. The factors of fast urbanization, residential shortage, and large-scale investment in infrastructure would be driving the market. Technologies of Building Information Modeling, Digital Twins, automation, and intelligent manufacturing would promote design integration. With sustainable development and fast market penetration in mind, the construction of modules would become the driving force behind sustainable development.

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The demand for modular construction is mainly met by global players manufacturing for various applications. The major players in the modular construction market with a significant global presence are Skanska (Sweden), Laing O'Rourke (UK), ATCO Ltd. (Canada), Modulaire Group (UK), and Red Sea International (Saudi Arabia). The market players have adopted various strategies, such as expansions, acquisitions, partnerships, and product launches, to strengthen their position in the modular construction market.

In December 2025, Laing O’Rourke was confirmed as one of four partners in the Midlands Rail Hub Alliance, alongside VolkerRail, AtkinsRéalis, and Siemens Mobility, to design and deliver major rail upgrades improving capacity and connectivity across Birmingham and the West Midlands.

Skanska (Sweden) is one of the largest construction companies in the world and has been working in selective markets in the Nordic countries, Europe, and the US as well. Its specialty ranges from undertaking complex projects to handling projects of a massive scale. This organization has four business divisions: Construction, Residential Development, Commercial Property Development, and Investment Properties. Construction includes public and commercial buildings, residential structures, transportation, energy, defense, data centers, and advanced manufacturing facilities. Residential Development focuses on attractive and energy-efficient multi-unit and single-unit houses for enabling sustainable urban life. The Commercial Property Development business provides high-quality flexible offices, life science properties, logistics, and warehouses in prime locations. The Investment Properties segment is responsible for a portfolio of environmentally certified office buildings in Sweden. Globally, the company has an established presence mainly in the Nordics (Sweden, Norway, Denmark, Finland), Europe (Poland, Czech Republic, Slovakia, Hungary, Romania, UK), as well as the US. They combine local expertise with global capabilities to deliver projects effectively.

Laing O’Rourke (UK) is an international engineering and manufacturing-led construction company specializing in the delivery of complex, large-scale infrastructure and building projects across global markets. Its construction activities span building and civil engineering, major infrastructure, and program management, while the manufacturing segment produces high-quality prefabricated components that improve control over quality, cost, and schedules. Plant hire and services enhance delivery via specialized equipment, digital engineering, and asset management competencies. A primary distinguishing factor is Laing O’Rourke’s operating model, which is driven by off-site production, with as much as 70% of project value realized off-site, supported by proprietary technology and digital platforms. This methodology has augmented productivity by around 60% and diminished project timeframes by about 30%, concurrently increasing safety, sustainability, and quality outcomes. The company maintains a robust presence in Europe, Australia, and the Middle East, with significant operations in the UK, Australia, and Dubai, and boasts over 150 years of construction and engineering legacy.

ATCO Ltd. (Canada) is a multifunctional global infrastructure, logistics, and energy enterprise with a longstanding history of operations in over 100 countries, providing important services that support communities, industries, and governments globally. The company operates through the following segments: Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other. Its Canadian Utilities Limited segment anchors the company's utility operations and includes ATCO Energy Systems, which provides regulated electricity and natural gas transmission and distribution services across Canada and selected international markets; ATCO EnPower, which focuses on electricity generation, renewable energy, energy storage, industrial water solutions, and related infrastructure development; and ATCO Australia, which delivers regulated natural gas distribution and electricity generation services in Western Australia. The Structures & Logistics segment delivers modular facilities, workforce and residential housing, construction, defense support, and disaster and emergency management services globally. Neltume Ports extends ATCO's footprint into transportation logistics through port ownership and operations across the Americas, while Corporate & Other supports the group through centralized functions and includes land development, environmental materials processing, food services, and retail energy and home maintenance solutions.

Modulaire Group (UK) is a leading provider of modular space solutions and services across Europe and the Asia-Pacific region, delivering smart, adaptable environments for work, learning, living, and secure storage. It offers prefabricated modular space and serves a wide variety of business needs, comprising offices, healthcare facilities, schools, and storage. It provides modular space for lease and for sale. They work across several sectors, including construction, public administration, energy and natural resources, as well as industry and services. Modulaire, through its subsidiaries such as Algeco in Europe and Ausco Modular in Australia, offers prefabricated modular space solutions for rent or purchase options. In addition, it provides management solutions for worker accommodations and portable storage solutions for secure storage. They offer services to over 52,000 clients across diverse sectors, serving 23 countries with more than 330,000 modular units.

Red Sea International (Saudi Arabia) is one of the world’s most recognized names with respect to fully integrated solutions pertaining to housing and construction, ranging from design and planning stages to production and functionality of both permanent and temporary solutions for buildings. It has decades of experience and success with respect to executing difficult projects on a large scale. The company has been organized into three business segments: General Construction, Building Sales Revenue, and Lease Revenue. They have developed three world-class manufacturing units in Saudi Arabia, the UAE, and Ghana to efficiently perform off-site manufacturing, quality control, and timely delivery of projects. They have a broad network of subsidiaries in different regions like the Middle East, Africa, and Asia, in relation to their operations in housing services, prefabricated construction projects, building materials, electrical contracts, paints, investments, and affordable housing schemes.

MARKET RANKING

The modular construction market is fragmented, wherein the leading players are Skanska (Sweden), Laing O'Rourke (UK), ATCO Ltd. (Canada), Modulaire Group (UK), and Red Sea International (Saudi Arabia), which collectively hold a significant share of the global market,  supported by their strong project execution abilities, off-site manufacturing expertise, and wide range of end-market involvement. These companies focus on delivering modular solutions for residential housing, commercial buildings, infrastructure, healthcare, education, defense, and workforce accommodation. It is their degree of vertical integration, application and use of BIM tech, development and creation of state-of-the-art factories, and successful engagements in large and complex projects spread across various regions that distinguish one competitor from others. Apart from key ones, other regional and specialized rivals compete through volumetric modulating, panelization, relocatable building solutions, and more, driving a competitive and very innovative industry setup every day and every year.

Related Reports:

Modular Construction Market by Type (Permanent, Relocatable), Material (Wood, Steel, Concrete), Module, End-use Industry (Residential, Office, Education, Hospitality, Healthcare, Retail & Commercial), and Region - Global Forecast to 2030

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