The permanent modular construction market is projected to reach USD 111.75 billion by 2030 from USD 85.51 billion in 2025, at a CAGR of 5.50% from 2025 to 2030. The research report delves into pivotal market forces, including growth drivers, constraints, emerging permanent modular construction market trends, and opportunities, equipping businesses with the foresight needed to navigate upcoming challenges effectively. The permanent modular construction business is on the rise due to the need for time-saving and cost-effective construction, labor shortages, and housing shortages & targets. Furthermore, the population increase and urbanization, along with government incentives, are helping to drive the market.
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The permanent modular construction market is studied for North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific region stands out as the leading market for permanent modular construction, driven by its significant urbanization, high demand for housing units, and robust government-backed infrastructure initiatives. Countries like China, India, Japan, Singapore, and Australia have an urgent need for affordable housing, educational institutions, healthcare facilities, and commercial structures. Permanent modular construction enables faster delivery compared to traditional mass construction methods. The dense population in urban areas often hampers construction efficiency and causes disruption, while the modular method allows for the simultaneous execution of off-site and on-site work. Governments in the region are investing heavily in industrialized construction to meet policy requirements, implement standardized building protocols, and support public housing initiatives. Additional factors driving adoption include labor shortages, rising construction costs, and tight project timelines. The Asia Pacific region is also recognized for its robust manufacturing capabilities, high-quality prefabrication processes, and cost-effective production, which facilitate large-scale modular production. These elements, along with sustainability objectives and the necessity for durable and high-quality buildings, position Asia Pacific as the leading and fastest-growing market for permanent modular construction.
The permanent modular construction market is segmented by material into wood, steel, and concrete. The wood segment is expanding as it is highly correlated with the speed, sustainability, and cost-efficiency requirements. Manufactured wood products, such as CLT and glulam, are lightweight and easier to fabricate, transport, and install on-site than steel or concrete modules. This is also an advantage of weight, as it enables a lighter foundation and multi-storey construction. Sustainability policies and green building goals are also increasing the adoption rate of timber, as it has a smaller footprint in terms of embodied carbon and acts as a carbon sink. Sustainable building codes and low-carbon construction policies are actively promoted by many governments in Europe and North America, and wood is a viable option to consider in permanent modular projects. Furthermore, wood offers the flexibility of design and enhanced thermal efficiency, helping to create energy-efficient housing and commercial properties. Its capacity to work with off-site construction, enhanced fire-resistance treatments, and new codes has increased the confidence of developers, architects, and regulatory authorities, leading to accelerated expansion within the wood segment of permanent modular building construction.
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By end-use industry, the market is segmented into residential, office, education, retail & commercial, hospitality, healthcare, and others. The permanent modular construction market is expanding in its residential end-use category due to severe housing constraints, cost considerations, and the speed of delivery. Affordable, social, and supportive housing, where modular construction enables homes to be built faster than conventional construction techniques and provides superior control over costs, is a priority in governments and municipalities throughout North America, Europe, and certain parts of Asia. Increased urbanization and population growth are putting pressure on cities to expand, creating a need for multi-family housing. Modular construction, which minimizes site disturbance, is particularly suitable for high-density projects. Shortages of skilled labor and stricter project schedules are also issues that developers must contend with, and factory-built housing is an efficient solution. Enhanced energy efficiency, sustainability, government incentives for low-carbon housing, and affordable housing are added advantages, encouraging further adoption to achieve a robust increase in the residential segment in the permanent modular construction market.
The major players in the permanent modular construction market with a significant global presence are ATCO Ltd (Canada), Laing O’Rourke (UK), Fluor Corporation (US), Lendlease Corporation (Australia), and Modulaire Group (UK). Market competitors in the permanent modular construction industry are focused on expanding their international presence and collaborating with adjacent markets to further increase their market share. They are also conducting acquisitions and pursuing partnership business strategies to enhance their market standing.
ATCO Ltd. (Canada) is a leading company that provides innovative business solutions and excellent service through its ATCO Structures division. It has factories that build modular buildings in Canada, the US, Mexico, Chile, and Australia. The company is well-established in Canada and Australia and operates in over 100 countries. Its strong product range helps maintain its market position. To stay ahead, ATCO focuses on acquisitions and partnerships.
Laing O’Rourke (UK) is a global construction and engineering firm. It designs, builds, funds, and maintains infrastructure that supports education, housing, transportation, employment, healthcare, and community well-being. Laing O’Rourke employs a 70:60:30 method, where 70% of construction happens offsite. This approach increases productivity by 60% and reduces delivery time by 30%. The company is growing its market presence by launching new products, securing contracts, and forming partnerships.
Fluor Corporation (US) is a global company based in the US that provides engineering, procurement, fabrication, construction, and maintenance services. They have projects and offices in every part of the world. Fluor focuses on designing, constructing, and maintaining safe, efficient, and cost-effective projects. They use their global supply chain and construction resources to help clients save money and meet deadlines.
Key Reasons for Buying the Global Dimethyl Carbonate Market Report:
• Comprehensive analysis of the changing competitive landscape
• Assists in decision-making processes for the businesses along with detailed strategic planning methodologies
• The report offers forecast data and an assessment of the global permanent modular construction industry
• Helps in understanding the key product segments and their estimated growth rate
• In-depth analysis of market drivers, restraints, trends, and opportunities
• Comprehensive regional analysis of the global permanent modular construction industry
• Extensive profiling of the key stakeholders of the business sphere
• Detailed analysis of the factors influencing the growth of the global permanent modular construction industry
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Table of Contents - Major Key Points:
1. Study Coverage
2. Executive Summary
3. Research Methodology
4. Global Production Analysis
5. Value Chain and Supply-Chain Analysis
6. permanent modular construction Market Dynamics
7. Competition by Manufacturers
8. permanent modular construction market Segmentation, By Material
9. permanent modular construction market Segmentation, By Region
10. Regional Analysis
11. Corporate Profile
12. Conclusion...
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