Market Snapshot:
Modular homes and construction are defined as the construction of buildings off-site in controlled plant conditions using the same materials and design. Modular homes and construction involve building structures in which 3D-dimensional modules are installed as per the floor design. Modular homes are built in sections, or modules. There are a wide variety of advantages, including the fact that modular construction processes reduce construction time, their construction quality is good, and modular kitchens are designed with energy efficiency in mind. Ongoing advancements in construction technology, including robotics and automation, are improving the efficiency and precision of modular home manufacturing, contributing to market growth.
Highlights from Modular Homes & Construction Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Clayton (United States), Modular/Bird Construction (Canada), Klemen Industries (United States), Boklok (Netherland), Living Units (Finland), Algeco (France), Moffett Enterprises (United States), China State Construction Engineering Corporation (China), MCN Holdings Pte Ltd (Singapoore), Sekisui Chemical Co., Ltd. (Japan), FLEETWOOD AUSTRALIA (Australia), Pleasant Valley Homes, Inc. (United States), Laing O'Rourke (United Kingdom), EPACK Prefab (India), Champion Home Builders, Inc. (United States), Red Sea Housing Services (Saudi Arabia), Bloomed Homes (United States), Koma Modular (Germany), Pressmach (India) and FMR.UY (United States).
Geographic Breakdown and Segment Analysis
The Global Modular Homes & Construction market presents a comprehensive analysis of the Modular Homes & Construction market by end-user/application (Residential (Single-Family Homes, Multi-Family Dwellings, and Mobile Homes, Others), Commercial (Hotels, Offices, Hospitals, Retail spaces, Others), Industrial (Factories, Warehouses, Others) and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Modular Homes & Construction industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Modular Homes & Construction market
Analyst at AMA have segmented the market study of Global Modular Homes & Construction market by Type, Application and Region.
Influencing Trend:
Increased the demand of 3D printing technology in prefab industry.
Market Growth Drivers:
Growing awareness and adaptation of modular construction methods and Growing demand for environmentally sustainable building practices.
Challenges:
Limited access for transporting and assembling modular units. and Complex designs may be more challenging to achieve with modular construction.
Restraints:
The skilled labour shortage in the construction sector
Opportunities:
Focus on innovation of renewable energy sources and eco-friendly technologies in modular homes and construction process.
Market Developments Activities:
In May 2023, Vantem, a next-gen modular technology company, acquired of Lakeland, GA-based Affinity Building Systems, a leading modular home manufacturer serving the Southeast. The acquisition is part of Vantem’s nationwide growth strategy to establish 20 plants in the U.S. through both new facilities and the acquisition of highly qualified modular factories.
In January 2024, Bloomed Homes, launched of its groundbreaking modular home solutions. Designed to transform the residential construction market, Bloomed Homes offers high-quality, beautiful, affordable, and rapidly deployable homes. This innovative approach is set to make home ownership more accessible and convenient worldwide. and In May 2023, Clayton, a builder of attainable housing, announced its move to build all new residential manufactured homes to Department of Energy (DOE) Zero Energy Ready Home specifications. These solar-ready homes, will include enhanced energy efficiency features that significantly reduce energy costs for homeowners, while also supporting the company's broader sustainability goals.
As the construction industry continues to evolve, modular homes are likely to play an increasingly significant role in meeting the demand for sustainable, cost-effective, and efficiently constructed housing. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Supplier, Manufacturer, Distributors, Research Organizations and Others