# Modular Construction Market Share, Trends, and Growth Drivers
<p>This report delves into the <strong>Global <a href="https://www.fortunebusinessinsights.com/industry-reports/modular-construction-market-101662">Modular Construction Market Overview</a></strong>&nbsp;its predicted growth from&nbsp;2023&nbsp;to 2032, and the fundamental reasons driving its progress. Whether you are a manufacturer, distributor, investor, or simply interested in the sector, this template gives vital insights to help you. It encompasses a range of business models, including Porter's Five Forces, PESTLE, Value Chain, Four Ps, Market Attractiveness, BPS, and Ecosystem Analyses, offering a comprehensive perspective on the market landscape.</p><p>This report provides an in-depth analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Modular Construction Market. It enables businesses to identify opportunities for expansion while recognizing potential risks and challenges. By evaluating product portfolios and business segments, the report offers valuable insights that help stakeholders craft well-informed investment and market strategies.</p><p><strong>Get a free sample report|<a href="https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101662">https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101662</a></strong></p><p><strong>Recent Industry Developments:</strong></p><p><ul><li>SG Blocks Inc., a designer and fabricator of modern modular blocks, partnered with ATCO Structures. Through this partnership, both companies contribute to the national modular fleet rollout in the U.S.</li><li>Modulaire Group, a global provider of modular spaces and business areas, acquired Procomm Site Service Ltd., which provides portable, modular accommodation in Europe. Through this acquisition, Modulaire group can strengthen its market position in the European market.</li><li>Etex Group has announced acquiring a majority stake in e-Loft. This French offsite construction company offers solutions in three modular domains: single-family modular homes, modular multifamily residential complexes, and 3D wood technology-based custom-designed buildings. This acquisition is expected to boost Etex Group's modular construction business.</li><li>Balfour Beatty has acquired two residential community developments, Retreat at Schillinger in Schillinger, Alabama, and Paces Brook in Columbia, South Carolina, in a multifamily property deal with ApexOne Investment Partners, adding 530 residential units to the company's multifamily portfolio.</li><li>Algeco Group, a global service provider in modular and prefabricated construction, acquired Wexus Group AS, a modular space rental service provider. Through this partnership, Algeco Group extended its footprints in Nordic countries.</li></ul></p><p><strong>Key questions are ansewred in this report:</strong></p><p><ul><li><p><strong>What is the current size and projected growth of the modular construction market?</strong></p><ul><li>The global modular construction market was valued at USD 84.63 billion in 2023 and is projected to grow from USD 89.64 billion in 2024 to USD 151.48 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.8% during the forecast period.</li></ul></li><li><p><strong>What are the main drivers contributing to the growth of the modular construction market?</strong></p><ul><li>Key drivers of the modular construction market include the increasing demand for cost-effective and efficient construction solutions, the growing focus on sustainability, and the need for quicker project delivery times. Additionally, advancements in technology and materials are enhancing the appeal of modular construction.</li></ul></li><li><p><strong>Who are the prominent players in the modular construction market?</strong></p><ul><li>Major companies operating in the modular construction market include Guerdon Modular Buildings (U.S.), Laing O'Rourke (U.K.), ATCO (Canada), Red Sea International Company (Saudi Arabia), Bouygues Construction (France), VINCI Construction Grands Projets (U.K.), Skanska AB (Sweden), Algeco (U.K.), KLEUSBERG GmbH &amp; Co. KG (Germany), Katerra (U.S.), and Lendlease Corporation (Australia).</li></ul></li><li><p><strong>How is the modular construction market segmented by region?</strong></p><ul><li>The modular construction market is segmented into various regions, including North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, and the rest of Europe), Asia Pacific (China, India, Japan, Australia, Southeast Asia, and the rest of Asia Pacific), Middle East &amp; Africa (GCC, South Africa, and the rest of the region), and South America (Brazil, Mexico, and the rest of LATAM).</li></ul></li><li><p><strong>What are the typical applications of modular construction?</strong></p><ul><li>Modular construction is commonly used for various applications, including residential buildings, commercial structures, educational facilities, healthcare centers, and industrial projects. Its adaptability and efficiency make it suitable for a wide range of construction needs.</li></ul></li></ul></p><p><strong>Get a quote|</strong><a href="https://www.fortunebusinessinsights.com/enquiry/get-a-quote/101662"><strong>https://www.fortunebusinessinsights.com/enquiry/get-a-quote/101662</strong></a></p><p><strong>Table of Contents:</strong></p><ul><li>Introduction<ul><li>Research Scope</li><li>Market Segmentation</li><li>Research Methodology</li><li>Definitions and Assumptions</li></ul></li><li>Executive Summary</li><li>Market Dynamics<ul><li>Market Drivers</li><li>Market Restraints</li><li>Market Opportunities</li></ul></li><li>Key Insights<ul><li>Key Industry Developments &ndash; Merger, Acquisitions, and Partnerships</li><li>Porter&rsquo;s Five Forces Analysis</li><li>SWOT Analysis</li><li>Technological Developments</li><li>Value Chain Analysis</li></ul></li></ul><p><strong>TOC Continued&hellip;!</strong></p><p>The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry&rsquo;s potential and provide information that will help companies to make informed decisions. 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