Residential Modular Construction Market

The residential modular construction market is projected to grow from USD 55.54 billion in 2025 to USD  72.84 billion by 2030, at a CAGR of 5.57% during the forecast period.

The residential modular construction market is expanding globally. This is because such a method of construction offers faster project delivery, helps address housing shortages, and reduces overall construction costs, as it involves factory-controlled production. Growing urbanization and labor shortages are also prompting developers to adopt modular methods that provide higher-quality, energy-efficient, and more sustainable housing solutions.

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The residential modular construction market involves 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). To increase their market share in the global residential modular construction market, these companies have implemented growth strategies, including acquisitions, partnerships, expansions, and product launches. Major players employed expansions and new contracts as their most prevalent strategies, enabling them to increase both their number of clients and their global footprint. 

Laing O Rourke, headquartered in the UK, is a leading global engineering and construction company that designs, constructs, finances, and maintains critical infrastructure across the education, housing, transport, healthcare, and community services sectors. Its portfolio includes construction, manufacturing, engineering, and several specialist service businesses that collectively offer end-to-end investment, development, and project-management capabilities. The company delivers solutions spanning building construction, engineering expertise, real-estate investment, large infrastructure delivery, modular manufacturing, and integrated support services. It serves industries such as buildings, power, transport, water & utilities, oil & gas, and mining through its diverse operations. The company is very active in modular construction through its developed, advanced off-site manufacturing platform, producing precision-engineered components for faster, safer, and more efficient project delivery.

Red Sea International, headquartered in Saudi Arabia, is a diversified provider of affordable housing, industrial accommodations, and building-material solutions across the Middle East, Africa, and Asia. As a major modular-building specialist in the region, the company has three main revenue streams: building sales, rental & facility management, and rental services. In its business, it serves the modular and affordable housing market, as well as a fast-growing building materials division, which continues to invest in advanced technologies. The strategic partnership with Sherwin-Williams (US) allows the company to be the exclusive distributor of Sherwin-Williams paints in the Middle East. After serving various sectors, including infrastructure, government, construction, mining, defense, oil & gas, manufacturing, and hospitality, the company maintains a strong presence in this region. Red Sea International is expanding its capabilities in modular construction with scalable, factory-built units, enabling the rapid deployment of projects in remote and urban areas.

Skanska AB, headquartered in Sweden, is a leading global construction and project development company with operations in major markets in Europe, the Nordic region, and the US. The company is involved in the creation of various assets, including airports, bridges, residential houses, hospitals, offices, power plants, transportation networks, schools, and tunnels. Its activities are divided into four main segments: construction, commercial property development, residential development, and infrastructure development. Skanska, through its USA division and several local subsidiaries, is a contributor to the modular construction industry and is known for its innovations in prefabricated and industrialized construction techniques. The company is at the cutting edge of modular construction, utilizing prefabricated components in large-scale projects to enhance sustainability, efficiency, and safety on-site.

MARKET RANKING

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) are the main companies in the residential modular construction market. Bechtel Corporation is strengthening its role in modular construction by applying its engineering expertise to deliver factory-made residential units that shorten project timelines in high-demand regions. ATCO Ltd. continues to expand its modular housing portfolio across North America by offering efficient and relocatable residential solutions for rapidly growing communities. Red Sea Housing continues to expand across the Middle East, Africa, and Asia, offering adaptable modular housing solutions that cater to both urban and remote communities.

Related Reports:

Residential Modular Construction Market by Type (Permanent, Relocatable), Module, Material (Wood, Steel, Concrete), And Region - Global Forecast To 2030

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