Japan Modular Construction Market Size & Outlook
Japan modular construction market, 2018-2030 (US$M)
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Japan modular construction market highlights
- The Japan modular construction market generated a revenue of USD 5,154.2 million in 2022 and is expected to reach USD 6,808.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.5% 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 5,154.2 million |
| Market revenue in 2030 | USD 6,808.2 million |
| Growth rate | 3.5% (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 |
Other key industry trends
- In terms of revenue, Japan accounted for 5.7% 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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Japan 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 72.9% in 2022. Horizon Databook has segmented the Japan modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
In Japan, modular construction sector is comparatively mature and developed as comparison to other countries of the world. It is a world leader in modular housing where more than 15% of almost 1 million new homes and apartments are built using modular techniques.
Japan's population is declining, with researchers projecting a drop of around 16 million citizens in a little more than two decades. In 2010, the number of inhabitants in Japan was 128.1 million, whereas, in 2020, the number of inhabitants is approximately 125.76 million. With Japan's declining and ageing population, it is foreseeable that demand for new construction would decline as well.
As demand for new construction declines, companies are aiming to capitalize on potential expansion in Asian and European countries. For instance, in March 2021, to respond to the needs and social issues in Thailand, Panasonic Corporation announced to enter in modular construction housing market with a local partner.
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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 Japan modular construction market , including forecasts for subscribers. This country databook contains high-level insights into Japan modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan modular construction market size, by product, 2018-2030 (US$M)
Japan Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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