China Modular Construction Market Size & Outlook
China modular construction market, 2018-2030 (US$M)
Related Markets
China modular construction market highlights
- The China modular construction market generated a revenue of USD 13,390.7 million in 2022 and is expected to reach USD 27,909.0 million by 2030.
- The China market is expected to grow at a CAGR of 9.6% 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.
Modular construction market data book summary
| Market revenue in 2022 | USD 13,390.7 million |
| Market revenue in 2030 | USD 27,909.0 million |
| Growth rate | 9.6% (CAGR from 2022 to 2030) |
| Largest segment | Permanent |
| Fastest growing segment | Permanent |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, China accounted for 14.7% of the global modular construction market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China modular construction market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 27,909.0 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 61.15% in 2022. Horizon Databook has segmented the China modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Global Construction Survey, China's construction sector is anticipated to rise by 12.4%, reaching USD 1355.31 billion in 2021. Modular construction has gained traction in the country in the last two decades owing to the rapid economic development, rising labor costs, the quality & affordability of homes, innovations in construction technologies, and promotion of national policies.
Several electronic companies in China are working on advanced robotics and automation technologies that are being used in modular construction. In 2018, RoboticPlus launched a modular construction robot algorithm platform that can be connected to the building information model (BIM) and generate motion simulation of industrial robots with one click, which meets the needs for mass customization and flexible production in construction industry.
Robotic automation offers huge potential to enhance productivity, efficiency, and manufacturing flexibility throughout construction industry, including automating the construction of modular homes and building components off-site, robotic material handling on building sites, and 3D printing customized structures.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China modular construction market , including forecasts for subscribers. This country databook contains high-level insights into China modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China modular construction market size, by product, 2018-2030 (US$M)
China Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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