Modular construction market: Driven by rising demand to eliminate on-site constraints - Technavio

NEW YORK, Jan. 31, 2023 /PRNewswire/ -- The modular construction market size is forecast to increase by USD 33 billion from 2022 to 2027, at a CAGR of 6.77%, according to the recent market study by Technavio. The growth of the market will be driven by the rising demand to eliminate on-site constraints, rising global construction and infrastructure development activities, and improving quality and energy efficiency of modular constructions.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ATCO Ltd., Bechtel Corp., McGRATH RENTCORP, Fluor Corp., KLEUSBERG GmbH and Co KG, Laing O Rourke, Lendlease Corp. Ltd., Modulaire Group, Red Sea International Co., Skanska AB, THE BOUYGUES GROUP, Amana Contracting and Steel Buildings LLC, ELEMENTS EUROPE, GUERDON LLC, KOMA MODULAR S.r.o, Kwikspace Pty Ltd., PREMIER MODULAR, STARRCO, Wernick Group Holdings Ltd., and WESTCHESTER MODULAR HOMES.

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Key Benefits for Industry Players & Stakeholders ? 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by application (residential and commercial), type (permanent and relocatable), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

Segmentation by application (Inclusion/Exclusion)

• The market growth in the residential segment will be significant during the forecast period. A growing number of people in developing countries such as China and India are opting for modular construction due to the ease of construction with economical cost. Besides, the increase in disposable income and the expanding middle-class population are fueling the growth of the segment.

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What are the key data covered in this modular construction market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the modular construction market between 2023 and 2027
• Precise estimation of the size of the modular construction market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the modular construction market industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of modular construction market vendors

Related Reports:

• The construction market is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecast to increase by USD 1,123.8 billion. The increased investment in infrastructure is notably driving the market growth, although factors such as the lack of workforce in the construction industry may impede the market growth.
• The smart buildings market is estimated to grow at a CAGR of 9.73% between 2022 and 2027. The size of the market is forecast to increase by USD 46,123.2 million. The growing need for building automation to enhance business outcomes is notably driving the market growth, although factors such as high switching and installation cost may impede the market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global modular construction market 2017 - 2021
• Exhibit 18: Historic Market Size ? Data Table on Global modular construction market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Application Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size ? Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial - Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Permanent - Market size and forecast 2022-2027
• Exhibit 47: Chart on Permanent - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Permanent - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Permanent - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Permanent - Year-over-year growth 2022-2027 (%)

• 7.4 Relocatable - Market size and forecast 2022-2027
• Exhibit 51: Chart on Relocatable - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Relocatable - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Relocatable - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Relocatable - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 ATCO Ltd. 
• Exhibit 108: ATCO Ltd. - Overview
• Exhibit 109: ATCO Ltd. - Business segments
• Exhibit 110: ATCO Ltd. - Key offerings
• Exhibit 111: ATCO Ltd. - Segment focus

• 12.4 Amana Contracting and Steel Buildings LLC
• Exhibit 112: Amana Contracting and Steel Buildings LLC - Overview
• Exhibit 113: Amana Contracting and Steel Buildings LLC - Product / Service
• Exhibit 114: Amana Contracting and Steel Buildings LLC - Key offerings

• 12.5 Bechtel Corp. 
• Exhibit 115: Bechtel Corp. - Overview
• Exhibit 116: Bechtel Corp. - Product / Service
• Exhibit 117: Bechtel Corp. - Key news
• Exhibit 118: Bechtel Corp. - Key offerings

• 12.6 ELEMENTS EUROPE 
• Exhibit 119: ELEMENTS EUROPE - Overview
• Exhibit 120: ELEMENTS EUROPE - Product / Service
• Exhibit 121: ELEMENTS EUROPE - Key offerings

• 12.7 Fluor Corp. 
• Exhibit 122: Fluor Corp. - Overview
• Exhibit 123: Fluor Corp. - Business segments
• Exhibit 124: Fluor Corp. - Key offerings
• Exhibit 125: Fluor Corp. - Segment focus

• 12.8 GUERDON LLC 
• Exhibit 126: GUERDON LLC - Overview
• Exhibit 127: GUERDON LLC - Product / Service
• Exhibit 128: GUERDON LLC - Key offerings

• 12.9 KLEUSBERG GmbH and Co KG 
• Exhibit 129: KLEUSBERG GmbH and Co KG - Overview
• Exhibit 130: KLEUSBERG GmbH and Co KG - Product / Service
• Exhibit 131: KLEUSBERG GmbH and Co KG - Key offerings

• 12.10 KOMA MODULAR S.r.o 
• Exhibit 132: KOMA MODULAR S.r.o - Overview
• Exhibit 133: KOMA MODULAR S.r.o - Product / Service
• Exhibit 134: KOMA MODULAR S.r.o - Key offerings

• 12.11 Laing O Rourke 
• Exhibit 135: Laing O Rourke - Overview
• Exhibit 136: Laing O Rourke - Product / Service
• Exhibit 137: Laing O Rourke - Key offerings

• 12.12 Lendlease Corp. Ltd. 
• Exhibit 138: Lendlease Corp. Ltd. - Overview
• Exhibit 139: Lendlease Corp. Ltd. - Business segments
• Exhibit 140: Lendlease Corp. Ltd. - Key offerings
• Exhibit 141: Lendlease Corp. Ltd. - Segment focus

• 12.13 McGRATH RENTCORP 
• Exhibit 142: McGRATH RENTCORP - Overview
• Exhibit 143: McGRATH RENTCORP - Business segments
• Exhibit 144: McGRATH RENTCORP - Key offerings
• Exhibit 145: McGRATH RENTCORP - Segment focus

• 12.14 Modulaire Group 
• Exhibit 146: Modulaire Group - Overview
• Exhibit 147: Modulaire Group - Product / Service
• Exhibit 148: Modulaire Group - Key offerings

• 12.15 Red Sea International Co. 
• Exhibit 149: Red Sea International Co. - Overview
• Exhibit 150: Red Sea International Co. - Product / Service
• Exhibit 151: Red Sea International Co. - Key offerings

• 12.16 Skanska AB 
• Exhibit 152: Skanska AB - Overview
• Exhibit 153: Skanska AB - Business segments
• Exhibit 154: Skanska AB - Key offerings
• Exhibit 155: Skanska AB - Segment focus

• 12.17 THE BOUYGUES GROUP 
• Exhibit 156: THE BOUYGUES GROUP - Overview
• Exhibit 157: THE BOUYGUES GROUP - Product / Service
• Exhibit 158: THE BOUYGUES GROUP - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 159: Inclusions checklist
• Exhibit 160: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 161: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 162: Research methodology
• Exhibit 163: Validation techniques employed for market sizing
• Exhibit 164: Information sources

• 13.5 List of abbreviations 
• Exhibit 165: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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