Modular Construction Market Size, Share & Trends Analysis Report And Segment Forecasts, 2025 – 2030

The global modular construction market size was estimated at USD 103.55 billion in 2024 and is projected to reach USD 162.42 billion by 2030, growing at a CAGR of 7.9% from 2025 to 2030. This growth is attributed to growing demand for affordable housing coupled with increasing investment in the development of healthcare and commercial infrastructure around the globe.

Key Market Trends & Insights

• Europe region dominated the market and accounted for a 46.19% share in 2024.
• The North America modular construction market held a substantial market share of 14.4% in 2024.
• The Asia Pacific modular construction market is expected to grow at the fastest CAGR of 8.7% over the forecast period.
• Based on type, the permanent segment led the modular construction industry and accounted for a revenue share of 64.45% in 2024.
• In terms of application, residential modular construction dominated the market and accounted for a revenue share of 53.2% in 2024.

Market Size & Forecast

• 2024 Market Size: USD 103.55 billion
• 2030 Projected Market Size: USD 162.42 billion
• CAGR (2025-2030): 7.9%
• Europe: Largest market in 2024
• Asia Pacific: Fastest growing market

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Off-site building activities in urban regions are also growing, which is further driving growth of modular building market. Off-site building is not affected by weather conditions as they are manufactured within closed factories using advanced machinery, thereby, optimizing the construction time and providing high-quality Types. The benefits of off-site building make modular building cost-effective and contribute to less site-generated waste. Rapid urbanization and industrialization are expected to increase the number of new projects, primarily in commercial and industrial sectors. This is likely to fuel the growth of the construction industry across the globe. Increasing technological advancements in building industry coupled with the advantages provided by modular building techniques such as reduced building schedule, reduced cost, greater flexibility, reuse, and less material waste are contributing to increasing Type demand.