Top 15 Companies in Modular Construction Market: Spherical Insights Analysis (2024-2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Modular Construction Market Size is Projected To Grow from USD 174.05 Billion in 2024 to USD 409.98 Billion by 2035, at a CAGR of 6.09% during the forecast period 2025–2035. The market for Modular Construction is growing demand due to several key factors. These include the increasing demand for affordable housing, the need for faster construction times, the rise of sustainable building practices, and advancements in off-site prefabrication and 3D printing technologies.
Introduction
The modular construction refers to the construction of a building off some and assembles it in its last location under the conditions of controlled plants. In the modular manufacturing industry, lean techniques are being implemented to improve overall operating workflows to improve productivity, quality, efficiency and safety. Depending on the design, the modular module may include perfectly functional rooms, such as a bathroom or lift, or only a part of a room. Compared to traditional construction, modular construction causes low site disturbances and reduces waste. Structures such as industrial buildings, classes, construction camps and military houses can be constructed using modular construction. In hospitality and education sector, modular units will probably become rapidly popular due to their low cost and ease of installation. Although modular construction is widely used, the lack of reliability in earthquake-prone areas greatly disrupts its growth. The modular construction market is estimated to increase at an CAGR of 8.1%by 2030 to 277.76 billion USD. Many additional benefits are contributing to its growing popularity, such as the ability to compete in remote areas, its environmentally friendly manufacturing process, its high quality, market acceptance and low waste production. In addition, the pre-plan of strategic projects leads to an increase in manufacturing investment and more pressure on investment rates for further stages, disrupting the overall growth of the market. Additionally, rapid industrialization, urbanization, and demand for highly technical buildings at reasonable prices are expected to promote industry growth for the next few years.
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Modular Construction Market Size & Statistics
- The Market Size for Modular Construction Was estimated to be worth USD 174.05 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 8.1% between 2025 and 2035.
- The Global Modular Construction Market Size is anticipated to reach USD 409.98 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Modular Construction Market
- Europe is expected to grow the fastest during the forecast period in the Modular Construction Market.
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the Modular Construction market.
In addition to its dominant position in many industrial segments, Europe also has a significant market share in modular construction.
Asia Pacific is expected to generate the highest demand during the forecast period in the Modular Construction market.
Asia Pacific is expected to be the largest market. With access to raw materials and manpower, along with advances in technology and innovation, Asia Pacific has seen its economy grow rapidly.
Top 10 Trends in the Modular Construction Market
- Growth in Residential, Commercial, and Industrial Sectors
- Smart Buildings and IoT Integration
- AI and Robotics in Manufacturing
- Sustainable Materials and Practices
- 3D Printing Integration
- Virtual and Augmented Reality (VR/AR)
- Building Information Modeling (BIM)
- Labor Shortages and Upskilling
- Digital twins
- Remote Monitoring and Drones
1. Growth in Residential, Commercial, and Industrial Sectors
Modular construction is expanding beyond traditional commercial applications to encompass residential, retail, healthcare, education, and even large-scale infrastructure projects like bridges and railways.
2. Smart Buildings and IoT Integration
The integration of Internet of Things (IoT) devices and smart technologies is leading to more automated and energy-efficient modular buildings, with features like smart sensors for energy management and real-time data monitoring.
3. AI and Robotics in Manufacturing
AI-driven design and robotic systems are enhancing precision, reducing costs, and improving the scalability of modular construction.
4. Sustainable Materials and Practices
There's a growing emphasis on using recycled materials, solar energy, and energy-efficient designs in modular construction to minimize environmental impact.
5. 3D Printing Integration
3D printing technology is being explored to create complex architectural components and even entire buildings using materials like concrete, geopolymers, and sand.
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 11 Companies Leading the Modular Construction Market
- Laing O’Rourke
- Skanska
- Lendlease Corporation
- Red Sea International
- Balfour Beatty
- Bouygues Construction
- ATCO Ltd.
- Modulaire Group
- Guerdon
- LLC
- Z Modular
- Others
1. Laing O'Rourke
Headquarters: U.K.
Laing O'Rourke is a significant player in the modular construction market, known for its innovation and focus on sustainable building practices. They have invested heavily in modular construction, including opening a UK-based automated factory in February 2025, supported by the UK government. This factory aims to increase production speed by 60% and reduce waste. Their approach to modular construction involves prefabricating building components off-site in controlled factory conditions, which allows for faster project delivery, improved quality control, and reduced environmental impact.
2. Skanska
Headquarters: Sweden
Skanska is actively involved in the modular construction market, utilizing it to deliver various projects, especially in residential and healthcare sectors. They leverage subsidiaries like BoKlok and employ techniques like Building Information Modeling (BIM) and prefabrication to enhance efficiency and precision in their modular projects. Skanska's modular solutions have seen deployment across Scandinavia and the UK, with a focus on scalability and adaptability.
3. Lendlease Corporation
Headquarters: Australia
Lendlease Corporation is a significant player in the modular construction market, integrating this approach into their property development operations. They are recognized as a key player alongside other major companies like Skanska, Bouygues Construction, and Katerra. Lendlease utilizes modular construction techniques to enhance project delivery and efficiency within their broader business.
4. Red Sea International
Headquarters: Saudi Arabia
Red Sea International (RSI) is a significant player in the global modular construction market, specializing in providing high-quality, reliable, and durable modular building solutions. They offer turnkey solutions for various sectors, including oil and gas, construction, mining, and infrastructure, particularly in remote and urban areas. RSI's expertise extends to permanent and temporary modular buildings, including worker accommodations, hotels, offices, and more, with a focus on customizable, integrated solutions.
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
- Laing O'Rourke
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Skanska
- Lendlease Corporation
- Red Sea International
- Balfour Beatty
- Bouygues Construction
- ATCO Ltd.
- Modulaire Group
- Guerdon
- LLC
- Z Modular
- Others
Conclusion
The modular construction market is experiencing strong growth inspired by its many advantages on the methods of traditional building. The ability to make buildings off-site in a controlled environment reduces low waste, low site disruption and better efficiency. Major trends that shape the market include integration of advanced technologies such as AI, robotics and 3D printing, as well as a strong emphasis on stability and use of environmentally friendly materials. While Asia Pacific is estimated to be the largest market due to its rapid urbanization and industrialization, Europe is estimated to have the fastest growing sector. The market expansion is supported by a change towards modular construction in various fields, including residential, commercial and industrial projects, as companies take advantage of technology and strategic plan to remove challenges and redeem new opportunities.
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