Market revenue in 2022 | USD 9,115.8 million |
Market revenue in 2030 | USD 15,105.1 million |
Growth rate | 6.5% (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 |
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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 61.39% in 2022. Horizon Databook has segmented the Germany modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
In Germany, several modular housing estates or complexes (permanent as well as temporary accommodation) are built for refuges in cities such as Hamburg, Munich, and Dresden. However, there is a huge lack of housing, schools, and kindergartens for new inhabitants-migrants.
Conventional construction methods have not been able to carry this challenge in a short time frame. Modular construction methods are promoted by both public and private sectors. As per the Federal Office for Building and Regional Planning, Germany required about 350,000 new homes per year by 2021. In 2018, the government announced to construct around 1.5 million housing units by 2021.
Moreover, the sudden increase in the need for healthcare facilities across the country on account of the COVID-19 pandemic has boosted the demand for isolated healthcare centers. However, the biggest challenge is imposed by the lockdown and interrupted supply chains, which are impeding the growth of the market.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany modular construction market , including forecasts for subscribers. This country databook contains high-level insights into Germany modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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