Modular construction continuous to grow in popularity as more
people move into the cities, the demand for affordable,
high-quality housing has increased. Additionally, the increasing
investment in the development of healthcare and commercial
infrastructure around the globe also contributes to the growing
demand for alternative building methods.
$63.76B
The modular construction market size is estimated at
$63.76 billion in 2024
The modular construction market size is estimated at $63.76
billion in 2024 and is expected to reach $97.13 billion by 2029.
1
How does modular construction work? It is a process in which
standardized, repeated components of a structure, also commonly
referred to as prefabricated units, are built in an off-site
facility and then transported to the site where they are assembled.
The modular construction industry has been experiencing significant
growth in the Asia Pacific region, but the increase in logistics
costs and risk in
