India Modular Construction Market Size & Outlook
India modular construction market, 2018-2030 (US$M)
Related Markets
India modular construction market highlights
- The India modular construction market generated a revenue of USD 3,036.2 million in 2022 and is expected to reach USD 6,228.4 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% 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 3,036.2 million |
| Market revenue in 2030 | USD 6,228.4 million |
| Growth rate | 9.4% (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, India accounted for 3.3% 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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India 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 77.46% in 2022. Horizon Databook has segmented the India modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
In Asia-Pacific, India is the second-largest construction sector in terms of turnover and employment. Although the Indian economy is currently in a deep slump, high times are expected to return as a result of the growing population.
However, construction industry has not been able to keep pace with the rapidly growing housing needs in the country. A quality, affordable home is still a proverbial and unattainable dream for majority of the population in India.
To tackle this, the Indian Urban Ministry has proposed several initiatives such as Housing for All by 2022, Affordable Housing, and Smart Cities, all of which would require the construction of over 30 million houses.
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Target buyers of India 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 India modular construction market , including forecasts for subscribers. This country databook contains high-level insights into India modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India modular construction market size, by product, 2018-2030 (US$M)
India Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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