Top 15 Companies in Modular Construction Market in the World in 2025: Market Research Report (2024–2035)

Description

According to a research report published by Spherical Insights & Consulting, The Global Modular Construction Market Size is projected to Grow from USD 174.4 Billion in 2024 to USD 411.1 Billion by 2035, at a CAGR of 8.11% during the forecast period 2025–2035. The growing investment in the building industry for high-quality, reasonably priced, and environmentally friendly modular constructions drives future modular construction opportunities.

 

Introduction                                                              

The global modular construction market refers to a building technique in which separate parts, such as 2D panels or entire 3D volumetric modules, are manufactured off-site in a controlled factory setting before being transported and put together at the final location to create a finished structure. Key factors driving market growth include a significant need for modular construction due to rising urbanisation and industrialisation in developing nations, especially in India and Indonesia, as well as increased infrastructure investments.

 

 

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The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.

 

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Modular construction Market Size & Statistics

• The Market Size for Modular Construction was Estimated to be Worth USD 174.4 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 8.11 % between 2025 and 2035.
• The Global Modular Construction Market Size is Anticipated to Reach USD 411.1 Billion by 2035.
• North America is Expected to generate the highest demand during the forecast period in the modular construction market.
• Asia Pacific is Expected to Grow the fastest during the forecast period in the modular construction market.

 

Regional growth and demand                                 

North America is expected to generate the highest demand during the forecast period in the modular construction market. This is due to rising housing shortages, labor constraints, and the need for faster, cost-effective construction solutions. Government investments in infrastructure and growing acceptance of offsite construction methods further drive modular construction adoption across residential, commercial, and industrial sectors.

 

Asia Pacific is expected to grow the fastest during the forecast period in the modular construction market forecast period in the modular construction market. The primary factors fueling growth in the Asia Pacific accounted for millions of the worldwide modular construction market's sales, making it the largest market in the world. It is anticipated that Asia Pacific will be the biggest market. Access to labour and raw supplies, as well as technological and innovative advancements, have allowed Asia Pacific's economy to expand quickly.

 

Top 10 Modular construction Trends

1. Increased Adoption in Residential and Healthcare
2. Technological Advancements
3. Sustainability
4. Resilience and Disaster-Ready Solutions
5. Permanent vs. Relocatable
6. Hybrid Modular Construction
7. Government Regulations and Support
8. Cost Predictability and Speed
9. Smart & Digital Integration
10. New Use Cases & Sector Expansion

 

1. Increased Adoption in Residential and Healthcare

• Residential Sector

Factory-built homes are appealing to both developers and customers because they may be finished up to 50% faster, requiring less labour and waste while retaining quality control.

• Healthcare Infrastructure

Hospitals, clinics, modular wards, and mobile units are among the healthcare applications that are growing as a result of the need for scalable, quick-response infrastructure.

 

2. Technological Advancements

• AI & Generative Design

Supply chain logistics, project timetables, and design layouts are all optimised using artificial intelligence and machine learning.

• Robotics & Automation

Collaborative robots, automated robotic arms, and CNC equipment are precisely producing, assembling, and finishing modular components, increasing productivity and safety while lowering labour dependency.

 

3. Sustainability

• Significant Waste Reduction

In comparison to traditional builds, factory-controlled accuracy produces minimum offcuts and scrap up to 90% less waste with on-site recycling procedures in place.

• Lower Carbon Footprint & Emissions

Transportation and energy-related emissions are decreased when there are fewer deliveries and heavy equipment on site.

 

4. Resilience and Disaster-Ready Solutions

• Rapid Deployment

Prefabricated modules can be set up on location in a matter of days rather than months, giving impacted areas instant access to clinics, field hospitals, shelters, or relief centres.

• Scalable & Flexible Configurations

Expanding, rearranging, or redeploying units to accommodate changing needs like switching from emergency shelter to educational or medical use is possible.

 

5. Permanent vs. Relocatable

• Permanent Modular Construction

Intended to be installed over an extended period of time on a permanent foundation, much like conventional structures. Perfect for projects like hotels, residences, schools, and medical institutions

• Relocatable Buildings

Designed to be movable and reusable over several sites, it is intended for short-term or temporary use, usually lasting a few months to a few years.

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the modular construction market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 15 Companies Leading the Modular construction Market

1. Skanska AB
2. Speed House Group of Companies
3. S.G. Blocks Inc.
4. Atco
5. DeRoyal Industries, Inc.
6. Balfour Construction
7. TAISEI CORPORATION
8. Bouygues Construction
9. Lendlease Corporation
10. Giant Containers Inc.
11. Red Sea Housing
12. Bechtel Corporation
13. Kleusberg GmbH
14. Laing O’Rourke
15. Algeco Scotsman
16. Others

 

1. Skanska AB

Headquarters – Stockholm, Sweden

Skanska AB is a global construction and development firm headquartered in Stockholm, is one of the top development and building companies in the globe. Skanska, which operates in the Nordic region, Europe, and the USA, provides a wide range of projects, frequently in public-private partnerships, including major infrastructure, residential, commercial, and civil projects. The company announced record-high order backlog, strong revenues, and increasing operational income in early 2025, despite a softening Nordic housing market. It is also known throughout the world for being a leader in green certifications, safety, and sustainability.

 

2. Speed House Group of Companies

Headquarters – Munah St - Ajman Industrial 1 - Ajman - United Arab Emirates

The Speed House Group of Companies is a top supplier of modular solutions and off-site construction, with its headquarters located in the Ajman Industrial Area in Ajman, United Arab Emirates. In the MENA region, Europe, Central Asia, and Russia, they specialise in turnkey contracting services, modular building design and installation, container conversions, bathroom and kitchen pods, sandwich panels, GRC/GRP elements, LGS modules, and interior fit-outs. They also adhere to ISO 14001/18001 standards.

 

3. S.G. Blocks Inc.

Headquarters – Oakland, California

SG Blocks (Safe & Green Holdings Corp.), a modular solutions company based in Jacksonville, Florida, specialises in repurposing code-engineered cargo shipping containers and purpose-built modules for eco-friendly commercial, industrial, and residential construction projects across the United States. The company offers rapidly deployable, eco-friendly building solutions that either fulfil or exceed standard building codes to architects, builders, and developers. SG Blocks, which is well-known for its extremely durable and hurricane-resistant designs, places a high value on modular innovation and environmentally friendly construction techniques.

 

4. Atco

Headquarters – Calgary, Canada

ATCO Ltd. is an international company that specialises in energy, logistics, and modular construction. Its headquarters are located in Calgary, Alberta, Canada. The ATCO Structures division develops, constructs, and installs modular facilities, including workforce housing, relocatable offices, healthcare and educational facilities, and permanent residential units, in Canada, the US, Australia, Mexico, and Chile. After purchasing NRB Modular Solutions in 2024, the company expanded its modular footprint in Canada, enhancing its capacity to serve the affordable housing and commercial sectors.

 

5. DeRoyal Industries, Inc.

Headquarters – Powell, Tennessee, United States

DeRoyal Industries, Inc. is a multinational healthcare product producer and marketer with operations in North America, Latin America, Europe, and the Caribbean. The company is based in Powell, Tennessee, USA. The company's extensive offering includes bespoke OEM-made medical components, surgical safety devices, orthopaedic supports, wound care dressings, and unitised delivery systems. DeRoyal's worldwide, vertically integrated manufacturing capabilities, which include electronics assembly, metal fabrication, injection moulding, and sterilisation, foster clinical supply chain efficiency and patient-care innovation.

 

Are you ready to discover more about the modular construction market?

The report provides an in-depth analysis of the leading companies operating in the global modular construction market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1. Skanska AB

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

1. Speed House Group of Companies
2. S.G. Blocks Inc.
3. Atco
4. Katerra
5. Balfour Construction
6. TAISEI CORPORATION
7. Bouygues Construction
8. Lendlease Corporation
9. Giant Containers Inc.
10. Red Sea Housing
11. Bechtel Corporation
12. Kleusberg GmbH
13. Laing O’Rourke
14. Algeco Scotsman
15. Others

 

Conclusion

The modular construction market is poised to lean techniques to increase production, quality, efficiency, and safety by constructing components off-site and assembling them on-site. Compared to traditional structures, it minimises site disturbances and material waste by enabling completely functional modules and partial room elements, such as elevators or bathrooms. Due to its simplicity of setup and reduced costs, common applications include military housing, schools, camps, industrial facilities, and the hospitality and education industries. Its market acceptability, high quality, environmental sustainability, reduced waste, and appropriateness for remote locations are further motivators this will further propel the modular construction industry forward over the coming decade.

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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