Growing Demand for Sustainable and Rapid Housing Assembly Fuels Surge in Global Modular Homes Market
Reed Intelligence today released key insights from its Global Modular Homes Market report, projecting a strong growth trajectory for the modular homes sector over the forecast period.
Market Snapshot
The base year for the report is 2023, and the forecast extends through 2031.
The global modular homes market is expected to grow at a compound annual growth rate (CAGR) of approximately 6.2% fro... moreGrowing Demand for Sustainable and Rapid Housing Assembly Fuels Surge in Global Modular Homes Market
Reed Intelligence today released key insights from its Global Modular Homes Market report, projecting a strong growth trajectory for the modular homes sector over the forecast period.
Market Snapshot
The base year for the report is 2023, and the forecast extends through 2031.
The global modular homes market is expected to grow at a compound annual growth rate (CAGR) of approximately 6.2% from 2023 to 2031.
For more details- https://reedintelligence.com/market-analysis/global-modular-homes-market
Key Highlights
Largest region: North America, driven by advanced technologies, strong consumer demand, and regulatory support for sustainable construction.
Fastest-growing region: Asia Pacific (APAC), fueled by emerging economies, rising middle-class population, and increasing adoption of modular housing.
Market Dynamics
Drivers
One of the key growth drivers for the modular homes market is the pressing affordable housing demand, especially in regions facing housing shortages and rising construction costs. Modular construction offers a faster, cost-effective solution, reducing on-site labor costs and construction timelines. Additionally, sustainability concerns are driving buyers and developers toward modular homes, which often use greener materials and generate less construction waste.
Another major impetus is the customization and rapid construction benefit of modular homes. Home-buyers increasingly want houses tailored to their needs (layout, finishes), and modular building methods allow for high degrees of customization. The factory-controlled environment also enables consistent quality, reduced errors, and faster scaling of production.
Restraints Opportunities
Despite its advantages, the modular homes market faces regulatory hurdles and supply-chain challenges. Local building codes and planning regulations in many regions are not always aligned with modular techniques, creating delays and added costs. Transportation logistics for large prefabricated units and skilled labor shortages in modular manufacturing remain key constraints.
On the opportunity side, the market has tremendous potential in innovative sub-segments: for example, tiny homes, vacation/tourist modular dwellings, and smart modular homes integrated with IoT systems. Also, as modular construction becomes more accepted, emerging markets in Asia, Latin America, and Africa are poised to drive the next wave of growth.
Leading Players
Prominent companies operating in the global modular homes market include:
Bouygues Construction
Lendlease Corporation
Laing O’Rourke
Seikisui House
Clayton Homes
Champion Home Builders (Champion)
Modular Space Corporation
Daiwa House
Cavco Industries, Inc.
Algeco Scotsman
Red Sea Housing
Redman Homes
Fleetwood Australia
Kwikspace Modular Buildings
Horizon North Logistics
KLEUSBERG GmbH
KEE Katerra
Pleasant Valley Homes
Alta-Fab Structures
Art’s Way Manufacturing
NRB Inc.
Wernick Group
Westchester Modular Homes
Modscape
Pratt Construction Incorporated
Koma Modular
New Era Homes
Guerdon Enterprises
Hickory Group
Lebanon Valley Homes
Segmentation by Region Type
Per the report, the modular homes market is segmented as follows:
By Type:
Modular Construction (Volumetric)
Panelized Construction (Non-volumetric)
By Application:
Residential
Commercial
Industrial
Others
By Region:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy, Spain, Russia, Nordic, Benelux, etc.)
Asia Pacific (China, Korea, Japan, India, Australia, Southeast Asia, etc.)
LAMEA (Latin America, Middle East Africa) – includes UAE, Turkey, Saudi Arabia, South Africa, Nigeria, Brazil, Mexico, etc.
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