Modular construction Market - By Type Outlook (Re-locatable, Permanent) By Application Outlook (Residential, Commercial, Industrial, Healthcare, Educational) By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Industry Analysis, opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 203
Status: Published
Report Code: ARI100566
As per the industry surveys, modular construction accounts for 30%-to-50%-time savings over the traditional counterpart. The market is expected to witness a renewed interest from the building & construction industry on account of growing emphasis on productivity, efficiency, and workplace safety along with reducing the time and cost associated with building activities. The U.K. is one of the leading markets for modular construction owing to its high rate of adoption. The chronic shortage of skilled labour, massive ongoing investment in residential housing development, and a renewed focus on upgrading healthcare infrastructure are expected to drive the market in the country over the forecast period.
In countries such as Sweden, Canada, and Finland, extremely cold weather and shorter daytime inhibit traditional building methods. Consequently, modular construction has emerged as a logical alternative to conventional methods. As of 2018, around 85% of new houses in Sweden are built using some form of modular construction.
Irrespective of the type of material used, the modular option makes it possible to take advantage of economies of scale, faster speed, and improved quality control, thus, making it an increasingly attractive option. Furthermore, modular construction exhibits a substantial decrease in waste generation associated with traditional building methods.
Lack of awareness, consumer perception related to quality, and difficulty in availing finances are some of the factors restraining the market growth. Also, the threat of an economic slowdown in the key markets including the U.K., China, and the U.S. is anticipated to be a major barrier for market growth.
The prominent players in the modular construction include ACS Group (Spain), Skanska AB (Sweden), Komatsu Ltd (Japan), L&T (India), Balfour Beatty Plc. (U.K.), Kiewit Corporation (U.S.), Taisei Corporation (Japan), Red Sea Housing Services (Saudi Arabia), System House R & C Co. Ltd (Japan), Bouygues Construction (France) and others.
Analyst Commentary
Many healthcare facilities and hospital contractors are turning to modular construction for bathrooms, headwalls, and even entire hospitals. Modular construction offers quiet, safe, and clean applications for medical, surgical, clinical, and dental use. In this sector, importance is given to shortening construction schedules and reducing costs while seeking high-quality building materials and designs.
All the requirements for healthcare buildings (new rehabilitation clinics, emergency rooms, operating rooms, hospital extensions, laboratories, diagnostic centres, or other medical facilities) can be delivered in 50% less time with the help of modular buildings. Modular construction techniques can also be used to provide custom-built facilities with minimum budgets, along with maintaining strict medical and aesthetic specifications.
Permanent modular construction (PMC) is an innovative building technique that utilizes offsite manufacturing methods to prefabricate single and multi-story structures in modular sections on the grounds of sustainability. PMC can be assembling into an existing structure or built to stand independently. The modules can then be completed with MEP interior finishes, fixtures, and appliances. These modules are brought to the actual site where the building or structure is to be erected. Using equipment such as cranes and other lifting and rigging tools, these modules are set on to the foundation of the building and joined together to make a single structure.
Segmentation
The modular construction market is segmented based on type, application and region. On the basis of type the market is segmented into Re-locatable, and Permanent. Based on application the market is segmented into Residential, Commercial, Industrial, Healthcare, and Educational.
Regional Analysis
North America is the second largest region for the modular construction market. It accounted for the market share of xx % in 2020, with a market value of USD xx million. The North America modular construction Industry is driven by various factors such as consumer preference for green buildings and sustained investments in commercial real estate. The growing popularity of modular & panellised housing also provides the further boost to the market.
In North America, U.S. is the largest market for the modular construction. In the past few years, the annual value of construction in U.S. had been increasing continuously. Strong development in commercial and residential structures in the U.S., is projected to fuel the demand for modular construction market in the region. Europe is another important market for the global modular construction and is projected to grow at a CAGR of xx % during the forecast period. Increasing up gradation of the existing infrastructure, rising environmental concerns and the growing interest in energy saving & cost benefit construction, are the factors driving the growth of the market in European region.
Europe was the second-largest market for modular construction in 2020, on account of the high level of penetration in Germany, Finland, the U.K., and Sweden. The primary driving factor is expected to be the rising influx of migrants necessitating the building of temporary and permanent housing structures.
The market for modular construction in India is expected to progress at a CAGR of xx% over the forecast period. The government of India’s ambitious scheme to provide permanent housing for all by 2025 is expected to provide a major boost to the market growth over the coming years.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Modular construction Market
Chapter 5. Global Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
5.1. Global Modular construction Market Share, By Type, 2015 - 2027 (USD Billion)
5.1.1. Relocatable
5.1.1.1. Market Size and Projections,2015 - 2027 (USD Billion)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.2. Permanent
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 6. Global Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
6.1. Global Modular construction Market Share, By Application, 2015 - 2027 (USD Billion)
6.1.1. Residential
6.1.1.1. Market Size and Projections,2015 - 2027 (USD Billion)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.2. Commercial
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.3. Industrial
6.1.3.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.4. Healthcare
6.1.4.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 7. Global Modular construction Market Overview, By Geography, 2015 - 2027(USD Billion)
7.1. Global Modular construction Market Share, By Geography, 2015 - 2027(USD Billion)
7.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Billion)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 - 2027 (%)
Chapter 8. North America Modular construction Market Overview, By Countries, 2015 - 2027(USD Billion)
8.1. North America Modular construction Market Overview, 2015 - 2027 (USD Billion)
8.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.2. North America Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.3. North America Modular construction Market Overview, By Application ,2015 - 2027 (USD Billion)
8.1.4. North America Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1.4.1. U.S. Modular construction Market Overview, 2015 - 2027 (USD Billion)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.1.2. U.S. Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.4.1.3. U.S. Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.4.2. Canada Modular construction Market Overview, 2015 - 2027 (USD Billion)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.2.2. Canada Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.4.2.3. Canada Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
8.1.4.3. Mexico Modular construction Market Overview, 2015 - 2027 (USD Billion)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.3.2. Mexico Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
8.1.4.3.3. Mexico Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
Chapter 9. Europe Modular construction Market Overview, By Countries, 2015 - 2027(USD Billion)
9.1. Europe Modular construction Market Overview, 2015 - 2027 (USD Billion)
9.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.2. Europe Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
9.1.3. Europe Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
9.1.4. Europe Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.1.2. Germany Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.1.3. Germany Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.2.2. France Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.2.3. France Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.3.2. UK Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.3.3. UK Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.4.2. Italy Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.4.3. Italy Modular construction Market Overview, By Application2015 - 2027(USD Billion)
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.5.2. Spain Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.5.3. Spain Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2027
9.1.4.6.2. Rest of Europe Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
9.1.4.6.3. Rest of Europe Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
Chapter 10. Asia Pacific Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1. Asia Pacific Modular construction Market Overview, 2015 - 2027 (USD Billion)
10.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.2. Asia Pacific Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
10.1.3. Asia Pacific Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.4. Asia Pacific Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.1.2. India Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.1.3. India Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027(USD Billion)
10.1.4.2.2. China Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.2.3. China Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.3.2. Japan Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.3.3. Japan Modular construction Market Overview, By Application, 2015 - 2027(USD Billion)
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027(USD Billion)
10.1.4.4.2. South Korea Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.4.3. South Korea Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.5.2. Rest of Asia Pacific Modular construction Market Overview, By Type, 2015 - 2027(USD Billion)
10.1.4.5.3. Rest of Asia Pacific Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
Chapter 11. Middle East & Africa Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1. Middle East & Africa Modular construction Market Overview, 2015 - 2027 (USD Billion)
11.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.2. Middle East & Africa Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.3. Middle East & Africa Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.4. Middle East & Africa Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.1.2. GCC Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.4.1.3. GCC Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.2.2. South Africa Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.4.2.3. South Africa Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.3.2. Rest of Middle East & Africa Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
11.1.4.3.3. Rest of Middle East & Africa Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
Chapter 12. South America Modular construction Market Overview, By Countries, 2015 - 2027 (USD Billion)
12.1. South America Modular construction Market Overview, 2015 - 2027 (USD Billion)
12.1.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.2. South America Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.3. South America Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
12.1.4. South America Modular construction Market Overview, By Countries, 2015- 2026 (USD Billion)
12.1.5. Brazil
12.1.5.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.5.2. Brazil Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.5.3. Brazil Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
12.1.6. Argentina
12.1.6.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.6.2. Argentina Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.6.3. Argentina Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
12.1.7. Rest of South America
12.1.7.1. Market size and projections, 2015 – 2027
12.1.7.2. Rest of South America Modular construction Market Overview, By Type, 2015 - 2027 (USD Billion)
12.1.7.3. Rest of South America Modular construction Market Overview, By Application, 2015 - 2027 (USD Billion)
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New product development
Chapter 14. Key Vendor Analysis
14.1. ACS Group
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Mice Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. Skanska AB
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Mice Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. Komatsu Ltd.
14.3.1. Company overview
14.3.2. Financial performance
14.3.3. Mice Benchmarking
14.3.4. Recent initiatives
14.4. L&T
14.5. Balfour Beatty Plc
14.6. Kiewit Corporation
14.7. Taisei Corporation
14.8. Red sea housing services
14.9. Bouygues Construction
Chapter 15. Modular construction Market Cost Analysis
15.1. Modular construction Market Key Raw Materials Analysis
15.1.1. Key Raw Materials
15.1.2. Price Trend of Key Raw Materials
15.1.3. Key Suppliers of Raw Materials
15.1.4. Market Concentration Rate of Raw Materials
15.1.5. Raw Materials
15.1.6. Labor Cost
Chapter 16. Industrial Chain, Sourcing Strategy and Downstream Buyers
16.1. Modular construction Market Industrial Chain Analysis
16.2. Upstream Raw Materials Sourcing
16.3. Raw Materials Sources of Modular construction Market Major Manufacturers in 2020
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Client
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Application
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Modular construction Market share, by Type, 2020 & 2027 (%)
10. Global Modular construction Market share, by Relocatable, by Type, 2015 - 2027 (USD Billion)
11. Global Modular construction Market share, by Permanent, by Type, 2015 - 2027 (USD Billion)
12. Global Modular construction Market share, by Application, 2020 & 2027 (%)
13. Global Modular construction Market share, by Residential, by Application, 2015 - 2027 (USD Billion)
14. Global Modular construction Market share, by Commercial, by Application 2015 - 2027 (USD Billion)
15. Global Modular construction Market share, by Industrial, by Application 2015 - 2027 (USD Billion)
16. Global Modular construction Market share, by Healthcare, by Application 2015 - 2027 (USD Billion)
17. Global Modular construction Market share, by region, 2020 & 2027 (%)
18. Global Modular construction Market share, by region, 2015 - 2027(USD Billion)
19. North America Modular construction Market, 2015 - 2027(USD Billion)
20. North America Modular construction Market share, by Countries, 2020 & 2027 (%)
21. U.S. Modular construction Market, 2015 - 2027(USD Billion)
22. Canada Modular construction Market, 2015 - 2027(USD Billion)
23. Europe Modular construction Market, 2015 - 2027(USD Billion)
24. Europe Modular construction Market share, by Countries, 2020 & 2027 (%)
25. Spain Modular construction Market, 2015 - 2027(USD Billion)
26. UK Modular construction Market, 2015 - 2027(USD Billion)
27. Italy Modular construction Market, 2015 - 2027(USD Billion)
28. Germany Modular construction Market, 2015 - 2027(USD Billion)
29. France Modular construction Market, 2015 - 2027(USD Billion)
30. Rest of Europe Modular construction Market, 2015 - 2027(USD Billion)
31. Asia-Pacific Modular construction Market, 2015 - 2027(USD Billion)
32. Asia-Pacific Modular construction Market share, by Countries, 2020 & 2027 (%)
33. China Modular construction Market, 2015 - 2027(USD Billion)
34. India Modular construction Market, 2015 - 2027(USD Billion)
35. Australia Modular construction Market, 2015 - 2027(USD Billion)
36. Japan Modular construction Market, 2015 - 2027(USD Billion)
37. Rest of Asia-Pacific Modular construction Market, 2015 - 2027(USD Billion)
38. Middle East & Africa Modular construction Market, 2015 - 2027(USD Billion)
39. Middle East & Africa Modular construction Market share, by Countries, 2020 & 2027 (%)
40. GCC Modular construction Market, 2015 - 2027(USD Billion)
41. South Africa Modular construction Market, 2015 - 2027(USD Billion)
42. Rest Of Middle East & Africa Modular construction Market, 2015 - 2027(USD Billion)
43. South America Modular construction Market, 2015 - 2027(USD Billion)
44. Brazil Modular construction Market, 2015 - 2027(USD Billion)
45. Mexico Modular construction Market, 2015 - 2027(USD Billion)
46. Argentina Modular construction Market, 2015 - 2027(USD Billion)
47. Rest Of South America Modular construction Market, 2015 - 2027(USD Billion)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global Modular construction Market, 2015-2027 (USD Billion)
4. Modular construction requirement, by country, 2015-2027, (USD Billion)
5. North America Modular construction Market, by Type, 2015-2027 (USD Billion)
6. North America Modular construction Market, by Application, 2015-2027 (USD Billion)
7. Europe Modular construction Market, by Type, 2015-2027 (USD Billion)
8. Europe Modular construction Market, by Application, 2015-2027 (USD Billion)
9. Asia Pacific Modular construction Market, by Type, 2015-2027 (USD Billion)
10. Asia Pacific Modular construction Market, by Application, 2015-2027 (USD Billion)
11. Middle East & Africa Modular construction Market, by Type, 2015-2027 (USD Billion)
12. Middle East & Africa Modular construction Market, by Application, 2015-2027 (USD Billion)
13. South America Modular construction Market, by Type, 2015-2027 (USD Billion)
14. South America Modular construction Market, by Application, 2015-2027 (USD Billion)
15. Global Modular construction Market, Company Market Share, 2020 - 2027 (%)
16. ACS Group: Product Benchmarking
17. Skanska AB: Financial Performance
18. Komatsu Ltd.: Product Benchmarking
19. L&T: Financial Performance
20. Balfour Beatty Plc: Product Benchmarking
21. Kiewit Corporation: Financial Performance
22. Taisei Corporation: Product Benchmarking
23. Red sea housing services: Financial Performance
24. Bouygues Construction: Product Benchmarking
The Leading Key Players in Modular Construction Market
ACS Group (Spain)
Skanska AB (Sweden)
Komatsu Ltd (Japan)
L&T (India)
Balfour Beatty Plc. (U.K.)
Kiewit Corporation (U.S.)
Taisei Corporation (Japan)
Red Sea Housing Services (Saudi Arabia)
System House R & C Co. Ltd (Japan)
Bouygues Construction (France)
