Global Volumetric Construction Market Size Study, By Product (Relocatable, Permanent), By End-use (Residential, Commercial, Student Housing), and Regional Forecasts 2022-2032

Description

The global volumetric construction market was valued at approximately USD 30.88 billion in 2023 and is projected to expand at a CAGR of 8.2% over the forecast period 2024-2032. This growth is primarily driven by the increasing need for faster, cost-effective, and sustainable building solutions. Traditional on-site construction methods face significant challenges, including labor shortages, material waste, and extended project timelines, which have led to a shift towards modular and prefabricated construction techniques. Volumetric construction, a highly efficient off-site building method, offers significant advantages by reducing construction time and labor dependency while improving quality and precision. Governments and private investors worldwide are encouraging the adoption of modular construction techniques to address the growing demand for residential and commercial infrastructure, particularly in rapidly urbanizing regions.

The demand for volumetric construction in commercial infrastructure, including hospitality, healthcare, education, and office buildings, is witnessing robust growth. Developers are increasingly turning to off-site construction methods to expedite project completion while ensuring high structural integrity and sustainability compliance. The COVID-19 pandemic further accelerated the adoption of modular construction for healthcare facilities and emergency medical structures, underscoring its effectiveness in addressing urgent infrastructure needs. In particular, student housing and hotel chains are embracing volumetric construction to create cost-efficient, energy-efficient, and rapidly deployable accommodation solutions.

Another major factor fueling the market is the rising focus on sustainability and environmental responsibility. Volumetric construction significantly minimizes material waste, enhances energy efficiency, and reduces carbon footprints compared to traditional construction methods. The adoption of green materials such as insulated panels, sustainable composites, and recyclable components is driving the market towards net-zero energy buildings. Additionally, the ability to relocate and repurpose prefabricated modules aligns with circular economy initiatives, further encouraging its adoption across residential, commercial, and industrial sectors.

Regionally, North America leads the global volumetric construction market, owing to strong adoption of modular construction techniques, rising real estate costs, and a growing labor shortage in the construction industry. The U.S. dominates the regional market, with significant investments in prefabricated housing, office spaces, and healthcare infrastructure. Meanwhile, Europe is experiencing rapid growth, supported by stringent sustainability regulations, net-zero energy building initiatives, and increasing investments in affordable housing. The Asia Pacific market is poised for the fastest growth, fueled by rapid urbanization, government-backed housing initiatives, and the need for scalable construction solutions in densely populated countries such as China and India.

Major Market Players Included in this Report Are:

Guerdon, LLC
Synergy, Inc.
The Boldt Company
DMD Modular p.s.a
VOLUMETRIC MODULAR LTD.
Vision Volumetric
H.A. Marks Construction Limited
MPH Building Systems Ltd
Enevate Homes Limited
InstaBuilt
Modulaire Group
Algeco Scotsman
Laing O'Rourke
Skanska AB
Red Sea International

The Detailed Segments and Sub-segments of the Market Are Explained Below:

By Product:

Relocatable
Permanent

By End-use:

Residential
Commercial
Student Housing
Others

By Region:

North America:

U.S.
Canada
Mexico

Europe:

UK
Germany
France
Italy
Spain

Asia Pacific:

China
Japan
India
South Korea
Australia

Latin America:

Brazil
Argentina

Middle East & Africa:

Saudi Arabia
South Africa

Years Considered for the Study Are as Follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights.
Competitive landscape with profiles of major players in the market.
Evaluation of business strategies and recommendations for future growth.
Comprehensive supply chain and demand-side analysis of the market.

Chapter 1. Global Volumetric Construction Market Executive Summary

1.1. Global Volumetric Construction Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Volumetric Construction Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Volumetric Construction Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Fast and Cost-Efficient Building Solutions
- 3.1.2. Increasing Urbanization and Housing Shortage
- 3.1.3. Government Initiatives Promoting Modular Construction
3.2. Market Challenges
- 3.2.1. High Initial Investment and Skilled Labor Requirement
- 3.2.2. Regulatory and Standardization Barriers
3.3. Market Opportunities
- 3.3.1. Growing Adoption of Green and Sustainable Construction
- 3.3.2. Advancements in 3D Printing and Prefabrication Technology
- 3.3.3. Rising Demand for Modular Housing and Commercial Infrastructure

Chapter 4. Global Volumetric Construction Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Future Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in Volumetric Construction
4.6. Industry Expert Perspectives
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Volumetric Construction Market Size & Forecasts by Product (2024-2032)

5.1. Segment Dashboard
5.2. Global Volumetric Construction Market by Product Revenue Trend Analysis (2022 & 2032)
- 5.2.1. Relocatable
- 5.2.2. Permanent

Chapter 6. Global Volumetric Construction Market Size & Forecasts by End-use (2024-2032)

6.1. Segment Dashboard
6.2. Global Volumetric Construction Market by End-use Revenue Trend Analysis (2022 & 2032)
- 6.2.1. Residential
- 6.2.2. Commercial
- 6.2.3. Student Housing
- 6.2.4. Others

Chapter 7. Global Volumetric Construction Market Size & Forecasts by Region (2024-2032)

7.1. North America Volumetric Construction Market
- 7.1.1. U.S. Volumetric Construction Market
- 7.1.2. Canada Volumetric Construction Market
- 7.1.3. Mexico Volumetric Construction Market
7.2. Europe Volumetric Construction Market
- 7.2.1. UK Volumetric Construction Market
- 7.2.2. Germany Volumetric Construction Market
- 7.2.3. France Volumetric Construction Market
- 7.2.4. Italy Volumetric Construction Market
- 7.2.5. Spain Volumetric Construction Market
7.3. Asia-Pacific Volumetric Construction Market
- 7.3.1. China Volumetric Construction Market
- 7.3.2. Japan Volumetric Construction Market
- 7.3.3. India Volumetric Construction Market
- 7.3.4. South Korea Volumetric Construction Market
- 7.3.5. Australia Volumetric Construction Market
7.4. Latin America Volumetric Construction Market
- 7.4.1. Brazil Volumetric Construction Market
- 7.4.2. Argentina Volumetric Construction Market
7.5. Middle East & Africa Volumetric Construction Market
- 7.5.1. Saudi Arabia Volumetric Construction Market
- 7.5.2. South Africa Volumetric Construction Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Guerdon, LLC
- 8.1.2. Synergy, Inc.
- 8.1.3. The Boldt Company
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. DMD Modular p.s.a
- 8.3.2. VOLUMETRIC MODULAR LTD.
- 8.3.3. Vision Volumetric
- 8.3.4. H.A. Marks Construction Limited
- 8.3.5. MPH Building Systems Ltd
- 8.3.6. Enevate Homes Limited
- 8.3.7. InstaBuilt
- 8.3.8. Modulaire Group
- 8.3.9. Algeco Scotsman
- 8.3.10. Laing O'Rourke
- 8.3.11. Skanska AB
- 8.3.12. Red Sea International

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes