Latin America Modular Construction Market Size & Outlook
Latin America modular construction market, 2018-2030 (US$M)
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Latin America modular construction market highlights
- The Latin America modular construction market generated a revenue of USD 1,311.1 million in 2022.
- The market is expected to grow at a CAGR of 6.2% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,311.1 million |
| Market revenue in 2030 | USD 2,122.9 million |
| Growth rate | 6.2% (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, Latin America region accounted for 1.4% 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 |
|---|
Latin America 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 70.33% in 2022. Horizon Databook has segmented the Latin America modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S.-China trade war is facilitating healthy growth of the Central & South American markets. Brazil, Argentina, and Columbia are emerging as investment hubs for foreign companies and the respective governments are directing their focus on internal development through initiatives such as building special economic zones (SEZs) for a more robust economic growth.
The COVID-19 pandemic has caused significant economic harm to the region, wherein the region experienced a contraction of 7.7% of GDP in 2020; however, it is likely to register a growth of around 3.7% in 2021, according to the Economic Commission for Latin America and the Caribbean.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America modular construction market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America modular construction market size, by country, 2018-2030 (US$M)
Latin America Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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