Mexico Modular Construction Market Size & Outlook
Mexico modular construction market, 2018-2030 (US$M)
Related Markets
Mexico modular construction market highlights
- The Mexico modular construction market generated a revenue of USD 628.6 million in 2022 and is expected to reach USD 1,046.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.6% 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 628.6 million |
| Market revenue in 2030 | USD 1,046.8 million |
| Growth rate | 6.6% (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, Mexico accounted for 0.7% 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 North America, U.S. modular construction market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 19,175.3 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 71.14% in 2022. Horizon Databook has segmented the Mexico modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
As per National Institute of Statistics and Geography (INEGI), there are approximately 126 million people in Mexico and over 13 million are agricultural workers who need a new home or home improvement to meet the internationally recognized standards for adequate housing.
To tackle homelessness in the country and develop infrastructure, the government identified construction and infrastructure as key sectors in its COVID-19 public health emergency plan.
In October 2020, the Mexican government announced a USD 14.2 billion infrastructure investment plan together with private sector companies. The plan follows the broader national infrastructure plan announced in November 2019 and is part of the country’s Economic Recovery Agreement (Acuerdo para la Recuperación Económica) amid the COVID-19 pandemic.
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Target buyers of Mexico 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 Mexico modular construction market , including forecasts for subscribers. This country databook contains high-level insights into Mexico modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico modular construction market size, by product, 2018-2030 (US$M)
Mexico Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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