The Asia Pacific Modular Construction Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030).
The modular construction approach ensures high quality and consistency in the final product. Modules are fabricated in factory-controlled environments where stringent quality control measures can be implemented. This consistency in construction standards results in buildings that meet or exceed regulatory requirements and industry standards. Modular construction offers unparalleled flexibility in design and application. Modular units can be customized to meet diverse architectural and functional requirements, from residential housing to commercial and industrial structures. The adaptability of modular construction allows for easy reconfiguration, expansion, and repurposing, providing a dynamic solution that can evolve with changing needs over time.
Modular construction has gained popularity in the residential sector for its efficiency and cost-effectiveness. From single-family homes to multi-unit housing developments, modular construction allows for the rapid assembly of residential structures without compromising quality. Developers seeking to address housing shortages or deliver projects within tight timelines often use modular construction to meet these challenges. The commercial sector has embraced modular construction to deliver office spaces, retail establishments, and other commercial structures quickly and precisely. The modular approach accommodates the need for flexible and customizable spaces, catering to the evolving requirements of businesses in a dynamic market environment.
Rapid urbanization in many Asia-Pacific countries has increased energy consumption and environmental degradation. As a response, there's a focus on incorporating green building principles in urban development to mitigate environmental impacts and create more sustainable cities. Supportive government schemes like the Pradhan Mantri Awas Yojana (PMAY) encourage the use of innovative construction technologies, including modular methods, to achieve its ambitious housing goals. Thus, rising awareness and various innovative building initiatives in the Asia Pacific are expected to boost the growth in the regional market.
The China region dominated the Asia Pacific Modular Construction Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,986.3 million by 2030. The Japan region is registering a CAGR of 7.6% during (2023 - 2030). Additionally, The India region would showcase a CAGR of 8.9% during (2023 - 2030).
Based on Product, the market is segmented into Permanent, and Relocatable. Based on Material, the market is segmented into Steel, Wood, Concrete, and Others. Based on Application, the market is segmented into Residential, Commercial, Industrial, Healthcare, and Educational. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Modular Construction Market is Predict to reach $159.3 Billion by 2030, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sekisui House, Ltd., LAING O'ROURKE, Red Sea International Company, Skanska Group AB, Premier Modular Limited, KLEUSBERG GmbH & Co. KG, Wernick Group, Lendlease Corporation Limited, Hickory Group and Guerdon, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Material
- Steel
- Wood
- Concrete
- Others
By Application
- Residential
- Commercial
- Industrial
- Healthcare
- Educational
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Sekisui House, Ltd.
- LAING O'ROURKE
- Red Sea International Company
- Skanska Group AB
- Premier Modular Limited
- KLEUSBERG GmbH & Co. KG
- Wernick Group
- Lendlease Corporation Limited
- Hickory Group
- Guerdon, LLC
TABLE 1 Asia Pacific Modular Construction Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Modular Construction Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Permanent Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Permanent Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Relocatable Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Relocatable Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Steel Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Steel Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Wood Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Wood Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Concrete Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Concrete Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Residential Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Commercial Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Commercial Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Educational Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Educational Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Modular Construction Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Modular Construction Market by Country, 2023 - 2030, USD Million
TABLE 33 China Modular Construction Market, 2019 - 2022, USD Million
TABLE 34 China Modular Construction Market, 2023 - 2030, USD Million
TABLE 35 China Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 36 China Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 37 China Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 38 China Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 39 China Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 40 China Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 41 Japan Modular Construction Market, 2019 - 2022, USD Million
TABLE 42 Japan Modular Construction Market, 2023 - 2030, USD Million
TABLE 43 Japan Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 44 Japan Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 45 Japan Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 46 Japan Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 47 Japan Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 48 Japan Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 49 India Modular Construction Market, 2019 - 2022, USD Million
TABLE 50 India Modular Construction Market, 2023 - 2030, USD Million
TABLE 51 India Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 52 India Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 53 India Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 54 India Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 55 India Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 56 India Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 57 South Korea Modular Construction Market, 2019 - 2022, USD Million
TABLE 58 South Korea Modular Construction Market, 2023 - 2030, USD Million
TABLE 59 South Korea Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 60 South Korea Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 61 South Korea Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 62 South Korea Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 63 South Korea Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 64 South Korea Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 65 Singapore Modular Construction Market, 2019 - 2022, USD Million
TABLE 66 Singapore Modular Construction Market, 2023 - 2030, USD Million
TABLE 67 Singapore Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 68 Singapore Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 69 Singapore Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 70 Singapore Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 71 Singapore Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 72 Singapore Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 73 Australia Modular Construction Market, 2019 - 2022, USD Million
TABLE 74 Australia Modular Construction Market, 2023 - 2030, USD Million
TABLE 75 Australia Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 76 Australia Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 77 Australia Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 78 Australia Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 79 Australia Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 80 Australia Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Modular Construction Market, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Modular Construction Market, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 88 Rest of Asia Pacific Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 89 Key Information – Sekisui House, Ltd.
TABLE 90 Key Information – LAING O'ROURKE
TABLE 91 Key Information – Red Sea International Company
TABLE 92 Key Information – Skanska Group AB
TABLE 93 Key Information – Premier Modular Limited
TABLE 94 Key Information – KLEUSBERG GmbH & Co. KG
TABLE 95 Key Information – Wernick Group
TABLE 96 Key Information – Lendlease Corporation Limited
TABLE 97 Key Information – Hickory Group
TABLE 98 Key Information – Guerdon, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Modular Construction Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Modular Construction Market
FIG 4 Porter’s Five Forces Analysis - Modular Construction Market
FIG 5 Asia Pacific Modular Construction Market share by Product, 2022
FIG 6 Asia Pacific Modular Construction Market share by Product, 2030
FIG 7 Asia Pacific Modular Construction Market by Product, 2019 - 2030, USD Million
FIG 8 Asia Pacific Modular Construction Market share by Material, 2022
FIG 9 Asia Pacific Modular Construction Market share by Material, 2030
FIG 10 Asia Pacific Modular Construction Market by Material, 2019 - 2030, USD Million
FIG 11 Asia Pacific Modular Construction Market share by Application, 2022
FIG 12 Asia Pacific Modular Construction Market share by Application, 2030
FIG 13 Asia Pacific Modular Construction Market by Application, 2019- 2030, USD Million
FIG 14 Asia Pacific Modular Construction Market share by Country, 2022
FIG 15 Asia Pacific Modular Construction Market share by Country, 2030
FIG 16 Asia Pacific Modular Construction Market by Country, 2019- 2030, USD Million
FIG 17 SWOT Analysis: Sekisui House, Ltd.
FIG 18 SWOT Analysis: LAING O'ROURKE
FIG 19 SWOT Analysis: Red Sea International Company
FIG 20 SWOT Analysis: Skanska Group AB
FIG 21 SWOT Analysis: Premier Modular Limited
FIG 22 SWOT Analysis: Lendlease Corporation Limited