UK Modular Construction Market Size & Outlook, 2022-2030
UK modular construction market, 2018-2030 (US$M)
Related Markets
UK modular construction market highlights
- The UK modular construction market generated a revenue of USD 13,673.4 million in 2022 and is expected to reach USD 25,098.4 million by 2030.
- The UK market is expected to grow at a CAGR of 7.9% 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 13,673.4 million |
| Market revenue in 2030 | USD 25,098.4 million |
| Growth rate | 7.9% (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, UK accounted for 15.1% 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 Europe, UK modular construction market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 25,098.4 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 60.79% in 2022. Horizon Databook has segmented the UK modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
In the UK, modular construction is gaining popularity as a viable method of constructing affordable homes owing to various factors such as population growth and shortages in housing. The number of modular homes in the country is increasing, and the country's top construction companies, investors, and developers are exploring modular housing solutions.
As the UK government plans to construct approximately 300,000 new homes per year to address the challenges in the housing market, modular construction is expected to play a significant role. In Europe, UK is one of the leading markets for modular construction owing to the high rate of adoption.
The chronic shortage of skilled labor, massive ongoing investment in residential housing development, and a renewed focus on upgrading healthcare infrastructure are expected to drive the market in the country over the forecast period.
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Target buyers of UK 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 UK modular construction market , including forecasts for subscribers. This country databook contains high-level insights into UK modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK modular construction market size, by product, 2018-2030 (US$M)
UK Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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