Asia Pacific Modular Construction Market Size & Outlook
Asia Pacific modular construction market, 2018-2030 (US$M)
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Asia Pacific modular construction market highlights
- The Asia Pacific modular construction market generated a revenue of USD 31,374.0 million in 2022.
- The market is expected to grow at a CAGR of 8.3% from 2023 to 2030.
- In terms of segment, permanent was the largest revenue generating product in 2022.
- Permanent is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 31,374.0 million |
| Market revenue in 2030 | USD 59,359.7 million |
| Growth rate | 8.3% (CAGR from 2022 to 2030) |
| Largest segment | Permanent |
| Fastest growing segment | Permanent |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Relocatable, Permanent |
| Key market players worldwide | Sekisui House Ltd, Bouygues, Skanska AB ADR, Lendlease Group, Laing O'Rourke, Red Sea International, Premier Modular, KLEUSBERG, Dubox, CIMC Modular Building Systems, Modulaire Group, Guerdon Modular Buildings, Hickory Group International |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.6% of the global modular construction market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 59,359.7 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific modular construction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to modular construction market will help companies and investors design strategic landscapes.
Permanent was the largest segment with a revenue share of 67% in 2022. Horizon Databook has segmented the Asia Pacific modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Population Reference Bureau, China, India, and other Asian countries had a combined population exceeding 4.5 billion in 2019, which is expected to become a major driver for the modular construction market over the next decades. Rising international investments in the region's construction sector are supporting the market growth.
The increasing demand for sustainable structures owing to growing environmental concerns and rising pollution rate is propelling the deployment of modular construction, in turn, contributing significantly to the market growth.
In contrast to traditional construction methods, permanent modular construction (PMC) is projected to witness high adoption due to the growing demand for affordable and time-saving housing options. PMC is used in a variety of applications including residential, office, administrative space, K-12 education, retail, hospitality, healthcare, higher education student accommodations, and publicly funded buildings.
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Target buyers of Asia Pacific modular construction market databook
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Our clientele includes a mix of modular construction market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific modular construction market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific modular construction market size, by country, 2018-2030 (US$M)
Asia Pacific Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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