LAMEA Modular Construction Market Size, Share & Industry Trends Analysis Report By Product (Permanent, and Relocatable), By Material (Steel, Wood, Concrete, and Others), By Application, By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Modular Construction Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).

The construction industry, an essential driver of economic growth and urban development, has experienced a paradigm shift in recent years with the emergence of modular construction. This innovative approach to building design and assembly has disrupted traditional construction methods, offering benefits extending from efficiency and cost-effectiveness to sustainability. Modular construction, often off-site or prefabricated, has gained significant traction globally as an alternative to conventional building methods. The adoption of modular construction has been driven by a confluence of factors that address longstanding challenges in the construction industry.

In addition, the primary driver behind the growing adoption of modular construction is its ability to revolutionize construction timelines. Unlike traditional construction, which often faces delays due to weather conditions and sequential on-site processes, modular construction allows for the parallel processing of tasks. The off-site fabrication of modular units occurs concurrently with on-site preparations, significantly reducing the overall construction time. The controlled environment of off-site fabrication minimizes material waste, and the efficiency of the manufacturing process contributes to cost savings. The reduced on-site construction time also translates to lower labor costs and overall project expenses.

In the Middle East, especially in Dubai, there's been an inclination toward prefabricated and modular construction for both residential and commercial purposes. Some developers have utilized modular techniques to construct residential buildings and office spaces to meet the growing demand in the region. As a result of this extensive stakeholder collaboration and the initiative, four new building resource and energy efficiency policies will be implemented in Colombia in 2021, respectively. Presently, policy development is underway in Chile, Costa Rica, El Salvador, and Guatemala, among others. Therefore, growing initiatives and projects related to green construction in the LAMEA region will help expand the regional market.

The Brazil region dominated the LAMEA Modular Construction Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,650.9 million by 2030. The Argentina region is showcasing a CAGR of 10.1% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Modular Construction Market is Projected to reach USD 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

• Permanent
• Relocatable

By Material

• Steel
• Wood
• Concrete
• Others

By Application

• Residential
• Commercial
• Industrial
• Healthcare
• Educational

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Modular Construction Market, by Product
1.4.2 LAMEA Modular Construction Market, by Material
1.4.3 LAMEA Modular Construction Market, by Application
1.4.4 LAMEA Modular Construction Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis

Chapter 4. Strategies Deployed in Modular Construction Market

Chapter 5. LAMEA Modular Construction Market by Product
5.1 LAMEA Permanent Market by Country
5.2 LAMEA Relocatable Market by Country

Chapter 6. LAMEA Modular Construction Market by Material
6.1 LAMEA Steel Market by Country
6.2 LAMEA Wood Market by Country
6.3 LAMEA Concrete Market by Country
6.4 LAMEA Others Market by Country

Chapter 7. LAMEA Modular Construction Market by Application
7.1 LAMEA Residential Market by Country
7.2 LAMEA Commercial Market by Country
7.3 LAMEA Industrial Market by Country
7.4 LAMEA Healthcare Market by Country
7.5 LAMEA Educational Market by Country

Chapter 8. LAMEA Modular Construction Market by Country
8.1 Brazil Modular Construction Market
8.1.1 Brazil Modular Construction Market by Product
8.1.2 Brazil Modular Construction Market by Material
8.1.3 Brazil Modular Construction Market by Application
8.2 Argentina Modular Construction Market
8.2.1 Argentina Modular Construction Market by Product
8.2.2 Argentina Modular Construction Market by Material
8.2.3 Argentina Modular Construction Market by Application
8.3 UAE Modular Construction Market
8.3.1 UAE Modular Construction Market by Product
8.3.2 UAE Modular Construction Market by Material
8.3.3 UAE Modular Construction Market by Application
8.4 Saudi Arabia Modular Construction Market
8.4.1 Saudi Arabia Modular Construction Market by Product
8.4.2 Saudi Arabia Modular Construction Market by Material
8.4.3 Saudi Arabia Modular Construction Market by Application
8.5 South Africa Modular Construction Market
8.5.1 South Africa Modular Construction Market by Product
8.5.2 South Africa Modular Construction Market by Material
8.5.3 South Africa Modular Construction Market by Application
8.6 Nigeria Modular Construction Market
8.6.1 Nigeria Modular Construction Market by Product
8.6.2 Nigeria Modular Construction Market by Material
8.6.3 Nigeria Modular Construction Market by Application
8.7 Rest of LAMEA Modular Construction Market
8.7.1 Rest of LAMEA Modular Construction Market by Product
8.7.2 Rest of LAMEA Modular Construction Market by Material
8.7.3 Rest of LAMEA Modular Construction Market by Application

Chapter 9. Company Profiles
9.1 Sekisui House, Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 LAING O'ROURKE
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Product Launches and Product Expansions:
9.2.3 SWOT Analysis
9.3 Red Sea International Company
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Acquisition and Mergers:
9.3.3 SWOT Analysis
9.4 Skanska Group AB
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Premier Modular Limited
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 KLEUSBERG GmbH & Co. KG
9.6.1 Company Overview
9.7 Wernick Group
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Acquisition and Mergers:
9.8 Lendlease Corporation Limited
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.3 SWOT Analysis
9.9 Hickory Group
9.9.1 Company Overview
9.10. Guerdon, LLC
9.10.1 Company Overview

TABLE 1 LAMEA Modular Construction Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Modular Construction Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 4 LAMEA Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 5 LAMEA Permanent Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Permanent Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Relocatable Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Relocatable Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 10 LAMEA Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 11 LAMEA Steel Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Steel Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Wood Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Wood Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Concrete Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Concrete Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 20 LAMEA Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 21 LAMEA Residential Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Residential Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Commercial Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Commercial Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Industrial Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Industrial Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Educational Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Educational Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Modular Construction Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Modular Construction Market by Country, 2023 - 2030, USD Million
TABLE 33 Brazil Modular Construction Market, 2019 - 2022, USD Million
TABLE 34 Brazil Modular Construction Market, 2023 - 2030, USD Million
TABLE 35 Brazil Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 36 Brazil Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 37 Brazil Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 38 Brazil Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 39 Brazil Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 40 Brazil Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 41 Argentina Modular Construction Market, 2019 - 2022, USD Million
TABLE 42 Argentina Modular Construction Market, 2023 - 2030, USD Million
TABLE 43 Argentina Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 44 Argentina Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 45 Argentina Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 46 Argentina Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 47 Argentina Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 48 Argentina Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 49 UAE Modular Construction Market, 2019 - 2022, USD Million
TABLE 50 UAE Modular Construction Market, 2023 - 2030, USD Million
TABLE 51 UAE Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 52 UAE Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 53 UAE Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 54 UAE Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 55 UAE Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 56 UAE Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 57 Saudi Arabia Modular Construction Market, 2019 - 2022, USD Million
TABLE 58 Saudi Arabia Modular Construction Market, 2023 - 2030, USD Million
TABLE 59 Saudi Arabia Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 60 Saudi Arabia Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 61 Saudi Arabia Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 65 South Africa Modular Construction Market, 2019 - 2022, USD Million
TABLE 66 South Africa Modular Construction Market, 2023 - 2030, USD Million
TABLE 67 South Africa Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 68 South Africa Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 69 South Africa Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 70 South Africa Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 71 South Africa Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 72 South Africa Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 73 Nigeria Modular Construction Market, 2019 - 2022, USD Million
TABLE 74 Nigeria Modular Construction Market, 2023 - 2030, USD Million
TABLE 75 Nigeria Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 76 Nigeria Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 77 Nigeria Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 78 Nigeria Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 79 Nigeria Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 80 Nigeria Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 81 Rest of LAMEA Modular Construction Market, 2019 - 2022, USD Million
TABLE 82 Rest of LAMEA Modular Construction Market, 2023 - 2030, USD Million
TABLE 83 Rest of LAMEA Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 84 Rest of LAMEA Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 85 Rest of LAMEA Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 87 Rest of LAMEA Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 88 Rest of LAMEA 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 LAMEA 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 LAMEA Modular Construction Market share by Product, 2022
FIG 6 LAMEA Modular Construction Market share by Product, 2030
FIG 7 LAMEA Modular Construction Market by Product, 2019- 2030, USD Million
FIG 8 LAMEA Modular Construction Market share by Material, 2022
FIG 9 LAMEA Modular Construction Market share by Material, 2030
FIG 10 LAMEA Modular Construction Market by Material, 2019 - 2030, USD Million
FIG 11 LAMEA Modular Construction Market share by Application, 2022
FIG 12 LAMEA Modular Construction Market share by Application, 2030
FIG 13 LAMEA Modular Construction Market by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Modular Construction Market share by Country, 2022
FIG 15 LAMEA Modular Construction Market share by Country, 2030
FIG 16 LAMEA 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