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report thumbnailAsia Pacific Modular Construction Market

Asia Pacific Modular Construction Market 2024 to Grow at 6.8 CAGR with 38.30 USD Billion  Market Size: Analysis and Forecasts 2032

Asia Pacific Modular Construction Market, Forecast 2024-2032

Jul 15 2024
Base Year: 2023
180 Pages
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Asia Pacific Modular Construction Market 2024 to Grow at 6.8 CAGR with 38.30 USD Billion  Market Size: Analysis and Forecasts 2032

Key Insights

The Asia Pacific Modular Construction Market size was valued at USD 38.30 USD Billion in 2023 and is projected to reach USD 60.70 USD Billion by 2032, exhibiting a CAGR of 6.8 % during the forecast period. Modular construction is an approach to the building where the actual building of the structure is done in a factory-type setting as opposed to on-site at the construction location. This method includes different types such as volumetric modular construction panelized construction or a hybrid system depending on the project requirements. The benefits of modular construction include accurate manufacturing, faster project delivery, increased efficiency, and sustainability. The major areas where the modular construction method is applied include the housing, commercial, industrial, and infrastructure markets and cover projects of varying sizes and types – from multi-family dwellings to high-rise towers and even hospitals. Its advantages range from its cost-effectiveness; enhanced quality management, health and safety, and least impact on the surrounding environment during fabrication. Therefore, it is widely acknowledged that modular construction is a potential paradigm shift in the construction industry with a vision for driven efficiency and sustainability in construction.

Asia Pacific Modular Construction Market Research Report - Market Size, Growth & Forecast

Asia Pacific Modular Construction Trends

  • Growing urbanization and infrastructure development
  • Increased demand for fast and efficient construction methods
  • Adoption of advanced technologies such as BIM and off-site manufacturing

Driving Forces: What's Propelling the Asia Pacific Modular Construction Market

  • Rapid population growth and urbanization in cities
  • Government initiatives to promote sustainable and affordable housing
  • Advancements in modular construction techniques and materials
  • Increasing awareness of the benefits of modular construction

Challenges and Restraints in the Asia Pacific Modular Construction Market

  • Skilled labour shortage in the modular construction industry
  • Lack of standardized regulations and codes for modular construction
  • Cultural barriers and resistance to change

Emerging Trends in Asia Pacific Modular Construction

  • Integration of artificial intelligence (AI) and machine learning (ML)
  • Development of prefabricated modular units for complex structures
  • Growing adoption of green and sustainable modular construction practices

Growth Catalysts in the Asia Pacific Modular Construction Industry

Asia Pacific Modular Construction Market Growth
  • Government incentives for modular construction projects
  • Partnerships between modular construction companies and construction contractors
  • Technological advancements in design and manufacturing processes

Market Segmentation: Asia Pacific Modular Construction Analysis

Type

  • Permanent (PMC)
  • Relocatable (RMC)

Material

  • Concrete
  • Steel
  • Wood

Application

  • Commercial
  • Healthcare
  • Education & Institutional
  • Hospitality
  • Others (Residential and Religious buildings, industry developments)

Leading Players in the Asia Pacific Modular Construction Market

  • Laing O'Rourke
  • Red Sea International
  • ATCO Ltd.
  • Skanska
  • Modulaire Group
  • KLEUSBERG
  • Bechtel Corporation
  • Fluor Corporation
  • China State Construction
  • CIMC Modular Building Systems

Significant Developments in the Asia Pacific Modular Construction Sector

  • Launch of modular construction clusters and centres of excellence
  • Investment in R&D for advanced modular construction technologies
  • Partnerships between construction companies and educational institutions

Comprehensive Coverage Asia Pacific Modular Construction Market Report

The comprehensive market report provides an in-depth analysis of the following:

  • Market size and growth projections
  • Industry trends and dynamics
  • Competitive landscape and market share
  • Growth opportunities and challenges
  • Key industry drivers and restraints
  • Segmentation and regional analysis

Regional Insight

Asia Pacific Modular Construction Market Regional Share

The report covers the following regions:

  • East Asia: China, Japan, South Korea
  • Southeast Asia: Indonesia, Malaysia, Philippines, Thailand, Vietnam
  • South Asia: India, Pakistan, Sri Lanka
  • Oceania: Australia, New Zealand

Asia Pacific Modular Construction Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 6.8% from 2018-2032
Segmentation
  • By Type
    • Permanent (PMC
  • By Material
    • Concrete
    • Steel
    • and Wood
  • By Application
    • Commercial
    • Healthcare
    • Education & Institutional
    • Hospitality
    • and Others (Residential and Religious buildings
  • By Geography
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Demand from the Automotive and Construction Sectors to Aid Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Lack of reliability on Prefabricated Construction in Earthquake Prone Region to Restrain Market Growth
      • 3.4. Market Trends
        • 3.4.1. Technological Advancement in Equipment to Propel Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Region
    • 6. China Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 6.1. Market Analysis, Insights and Forecast - By Type
          • 6.1.1. Permanent (PMC
        • 6.2. Market Analysis, Insights and Forecast - By Material
          • 6.2.1 Concrete
          • 6.2.2 Steel
          • 6.2.3 and Wood
        • 6.3. Market Analysis, Insights and Forecast - By Application
          • 6.3.1 Commercial
          • 6.3.2 Healthcare
          • 6.3.3 Education & Institutional
          • 6.3.4 Hospitality
          • 6.3.5 and Others (Residential and Religious buildings
    • 7. Japan Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 7.1. Market Analysis, Insights and Forecast - By Type
          • 7.1.1. Permanent (PMC
        • 7.2. Market Analysis, Insights and Forecast - By Material
          • 7.2.1 Concrete
          • 7.2.2 Steel
          • 7.2.3 and Wood
        • 7.3. Market Analysis, Insights and Forecast - By Application
          • 7.3.1 Commercial
          • 7.3.2 Healthcare
          • 7.3.3 Education & Institutional
          • 7.3.4 Hospitality
          • 7.3.5 and Others (Residential and Religious buildings
    • 8. India Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 8.1. Market Analysis, Insights and Forecast - By Type
          • 8.1.1. Permanent (PMC
        • 8.2. Market Analysis, Insights and Forecast - By Material
          • 8.2.1 Concrete
          • 8.2.2 Steel
          • 8.2.3 and Wood
        • 8.3. Market Analysis, Insights and Forecast - By Application
          • 8.3.1 Commercial
          • 8.3.2 Healthcare
          • 8.3.3 Education & Institutional
          • 8.3.4 Hospitality
          • 8.3.5 and Others (Residential and Religious buildings
    • 9. South Korea Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 9.1. Market Analysis, Insights and Forecast - By Type
          • 9.1.1. Permanent (PMC
        • 9.2. Market Analysis, Insights and Forecast - By Material
          • 9.2.1 Concrete
          • 9.2.2 Steel
          • 9.2.3 and Wood
        • 9.3. Market Analysis, Insights and Forecast - By Application
          • 9.3.1 Commercial
          • 9.3.2 Healthcare
          • 9.3.3 Education & Institutional
          • 9.3.4 Hospitality
          • 9.3.5 and Others (Residential and Religious buildings
    • 10. Taiwan Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 10.1. Market Analysis, Insights and Forecast - By Type
          • 10.1.1. Permanent (PMC
        • 10.2. Market Analysis, Insights and Forecast - By Material
          • 10.2.1 Concrete
          • 10.2.2 Steel
          • 10.2.3 and Wood
        • 10.3. Market Analysis, Insights and Forecast - By Application
          • 10.3.1 Commercial
          • 10.3.2 Healthcare
          • 10.3.3 Education & Institutional
          • 10.3.4 Hospitality
          • 10.3.5 and Others (Residential and Religious buildings
    • 11. Australia Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 11.1. Market Analysis, Insights and Forecast - By Type
          • 11.1.1. Permanent (PMC
        • 11.2. Market Analysis, Insights and Forecast - By Material
          • 11.2.1 Concrete
          • 11.2.2 Steel
          • 11.2.3 and Wood
        • 11.3. Market Analysis, Insights and Forecast - By Application
          • 11.3.1 Commercial
          • 11.3.2 Healthcare
          • 11.3.3 Education & Institutional
          • 11.3.4 Hospitality
          • 11.3.5 and Others (Residential and Religious buildings
    • 12. Rest of Asia-Pacific Asia Pacific Modular Construction Market Analysis, Insights and Forecast, 2018-2030
        • 12.1. Market Analysis, Insights and Forecast - By Type
          • 12.1.1. Permanent (PMC
        • 12.2. Market Analysis, Insights and Forecast - By Material
          • 12.2.1 Concrete
          • 12.2.2 Steel
          • 12.2.3 and Wood
        • 12.3. Market Analysis, Insights and Forecast - By Application
          • 12.3.1 Commercial
          • 12.3.2 Healthcare
          • 12.3.3 Education & Institutional
          • 12.3.4 Hospitality
          • 12.3.5 and Others (Residential and Religious buildings
    • 13. Competitive Analysis
      • 13.1. Market Share Analysis 2023
        • 13.2. Company Profiles
          • 13.2.1 Laing O'Rourke
            • 13.2.1.1. Overview
            • 13.2.1.2. Products
            • 13.2.1.3. SWOT Analysis
            • 13.2.1.4. Recent Developments
            • 13.2.1.5. Financials (Based on Availability)
          • 13.2.2 Red Sea International
            • 13.2.2.1. Overview
            • 13.2.2.2. Products
            • 13.2.2.3. SWOT Analysis
            • 13.2.2.4. Recent Developments
            • 13.2.2.5. Financials (Based on Availability)
          • 13.2.3 ATCO Ltd.
            • 13.2.3.1. Overview
            • 13.2.3.2. Products
            • 13.2.3.3. SWOT Analysis
            • 13.2.3.4. Recent Developments
            • 13.2.3.5. Financials (Based on Availability)
          • 13.2.4 Skanska
            • 13.2.4.1. Overview
            • 13.2.4.2. Products
            • 13.2.4.3. SWOT Analysis
            • 13.2.4.4. Recent Developments
            • 13.2.4.5. Financials (Based on Availability)
          • 13.2.5 Modulaire Group
            • 13.2.5.1. Overview
            • 13.2.5.2. Products
            • 13.2.5.3. SWOT Analysis
            • 13.2.5.4. Recent Developments
            • 13.2.5.5. Financials (Based on Availability)
          • 13.2.6 KLEUSBERG
            • 13.2.6.1. Overview
            • 13.2.6.2. Products
            • 13.2.6.3. SWOT Analysis
            • 13.2.6.4. Recent Developments
            • 13.2.6.5. Financials (Based on Availability)
          • 13.2.7 Bechtel Corporation
            • 13.2.7.1. Overview
            • 13.2.7.2. Products
            • 13.2.7.3. SWOT Analysis
            • 13.2.7.4. Recent Developments
            • 13.2.7.5. Financials (Based on Availability)
          • 13.2.8 Fluor Corporation
            • 13.2.8.1. Overview
            • 13.2.8.2. Products
            • 13.2.8.3. SWOT Analysis
            • 13.2.8.4. Recent Developments
            • 13.2.8.5. Financials (Based on Availability)
          • 13.2.9 China State Construction
            • 13.2.9.1. Overview
            • 13.2.9.2. Products
            • 13.2.9.3. SWOT Analysis
            • 13.2.9.4. Recent Developments
            • 13.2.9.5. Financials (Based on Availability)
          • 13.2.10 CIMC Modular Building Systems
            • 13.2.10.1. Overview
            • 13.2.10.2. Products
            • 13.2.10.3. SWOT Analysis
            • 13.2.10.4. Recent Developments
            • 13.2.10.5. Financials (Based on Availability)
    List of Figures
    1. Figure 1: Asia Pacific Modular Construction Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
    2. Figure 2: Asia Pacific Modular Construction Market Value Share (%), by Type 2023 & 2031
    3. Figure 3: Asia Pacific Modular Construction Market Value Share (%), by Material 2023 & 2031
    4. Figure 4: Asia Pacific Modular Construction Market Value Share (%), by Application 2023 & 2031
    5. Figure 5: Asia Pacific Modular Construction Market Share (%) by Company 2023
    List of Tables
    1. Table 1: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Type 2018 & 2031
    2. Table 2: Asia Pacific Modular Construction Market Volume K Units Forecast, by Type 2018 & 2031
    3. Table 3: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Material 2018 & 2031
    4. Table 4: Asia Pacific Modular Construction Market Volume K Units Forecast, by Material 2018 & 2031
    5. Table 5: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Application 2018 & 2031
    6. Table 6: Asia Pacific Modular Construction Market Volume K Units Forecast, by Application 2018 & 2031
    7. Table 7: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Region 2018 & 2031
    8. Table 8: Asia Pacific Modular Construction Market Volume K Units Forecast, by Region 2018 & 2031
    9. Table 9: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Region 2018 & 2031
    10. Table 10: Asia Pacific Modular Construction Market Volume K Units Forecast, by Region 2018 & 2031
    11. Table 11: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Type 2018 & 2031
    12. Table 12: Asia Pacific Modular Construction Market Volume K Units Forecast, by Type 2018 & 2031
    13. Table 13: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Material 2018 & 2031
    14. Table 14: Asia Pacific Modular Construction Market Volume K Units Forecast, by Material 2018 & 2031
    15. Table 15: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Application 2018 & 2031
    16. Table 16: Asia Pacific Modular Construction Market Volume K Units Forecast, by Application 2018 & 2031
    17. Table 17: Asia Pacific Modular Construction Market Revenue USD Billion Forecast, by Country 2018 & 2031
    18. Table 18: Asia Pacific Modular Construction Market Volume K Units Forecast, by Country 2018 & 2031
    19. Table 19: China Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    20. Table 20: China Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    21. Table 21: Japan Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    22. Table 22: Japan Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    23. Table 23: India Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    24. Table 24: India Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    25. Table 25: South Korea Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    26. Table 26: South Korea Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    27. Table 27: Taiwan Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    28. Table 28: Taiwan Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    29. Table 29: Australia Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    30. Table 30: Australia Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    31. Table 31: Rest of Asia-Pacific Asia Pacific Modular Construction Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
    32. Table 32: Rest of Asia-Pacific Asia Pacific Modular Construction Market Volume (K Units) Forecast, by Application 2018 & 2031
    AspectsDetails
    Study Period 2018-2032
    Base Year 2023
    Estimated Year 2024
    Forecast Period2024-2032
    Historical Period2018-2023
    Growth RateCAGR of 6.8% from 2018-2032
    Segmentation
    • By Type
      • Permanent (PMC
    • By Material
      • Concrete
      • Steel
      • and Wood
    • By Application
      • Commercial
      • Healthcare
      • Education & Institutional
      • Hospitality
      • and Others (Residential and Religious buildings
    • By Geography
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Australia
      • Rest of Asia-Pacific

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