PUBLISHER: The Business Research Company | PRODUCT CODE: 1672504
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672504
Modular and prefabricated non-residential building construction involves the process of building, altering, repairing, improving, or demolishing any non-residential building or structure. This construction method is characterized by the off-site development of building components using the same resources and adhering to the same codes and specifications as conventionally designed structures but in about half the time.
The main types of modular and prefabricated non-residential building construction include standard metal, agricultural metal, modular non-metal, and panelized precast non-metal. Standard metal refers to a solid material that is typically hard, opaque, and lustrous, with strong electrical and thermal conductivity. Applications of modular and prefabricated non-residential building construction span institutional, industrial, commercial, and agricultural building construction. The end-users are private and public companies.
The modular and prefabricated nonresidential building construction market research report is one of a series of new reports from The Business Research Company that provides modular and prefabricated nonresidential building construction market statistics, including modular and prefabricated nonresidential building construction industry global market size, regional shares, competitors with a modular and prefabricated nonresidential building construction market share, detailed modular and prefabricated nonresidential building construction market segments, market trends and opportunities, and any further data you may need to thrive in the modular and prefabricated nonresidential building construction industry. This modular and prefabricated nonresidential building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The modular and prefabricated nonresidential building construction market size has grown strongly in recent years. It will grow from $77.89 billion in 2024 to $81.9 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increasing government initiatives, increasing urbanization and rise in modular construction.
The modular and prefabricated nonresidential building construction market size is expected to see strong growth in the next few years. It will grow to $103.88 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing population growth, increasing disposable income, growing environmental concerns, increase in mergers and acquisitions, increasing infrastructure development and rise in industrialization. Major trends in the forecast period include investing in mineral wool insulation materials, investing in invest in 3D printing technology for fast and improved capabilities and services, invest in advanced construction technology, invest in advanced robotics in modular construction.
The global market for modular and prefabricated non-residential building construction is anticipated to grow during the forecast period due to increasing urbanization. Urbanization refers to the movement of people from rural areas to cities, leading to the expansion of urban environments and changes in lifestyles and economies. This trend is a significant driver for the growth of the global modular and prefabricated non-residential building construction market. It heightens the demand for infrastructure such as offices and schools, as well as the need for cost-effective solutions in light of rising land and labor costs. For example, in April 2022, the World Economic Forum, a Switzerland-based independent international organization, reported that over 4.3 billion people, or 55% of the global population, lived in urban areas, a figure expected to rise to 80% by 2050. Consequently, the increase in urbanization is set to boost the growth of the modular and prefabricated non-residential building construction market in the future.
The rise in construction site accidents is expected to drive the growth of the modular and prefabricated non-residential building construction market. A construction site accident is defined as any unforeseen event that occurs on a construction site, resulting in injury or property damage. Modular and prefabricated non-residential building construction (M&P) can enhance worker safety by minimizing the risk of defects and failures that could lead to such accidents. For example, a May 2024 report from the CDC noted that in 2022, falls from elevation accounted for about 81% of all fatal incidents and 20% of nonfatal slips, trips, and falls among workers (BLS 2023a, BLS 2023b). Many of these incidents occurred within the construction industry, greatly affecting workers and their families. Therefore, the increasing incidence of construction site accidents is propelling the growth of the modular and prefabricated non-residential building construction market.
Cross-laminated timber (CLT) is emerging as a promising technology within the timber construction sector of the wood industry. The demand for CLT is on the rise in non-residential building projects such as schools, restaurants, retail spaces, and warehouses, as it serves as a cost-effective alternative to steel and concrete. In the construction industry, 3D printing technology can be utilized to produce construction components or even print entire buildings. This method is primarily employed to create complex components for private, commercial, and industrial construction projects, offering advantages like reduced labor costs, expedited construction timelines, and increased accuracy. The DFAB House is recognized as the world's first inhabited residence that was both digitally designed and constructed. For example, in October 2022, Luyten 3D, an Australia-based construction company specializing in 3D printing technology, introduced the Platypus X12 concrete printer. This AI-powered mobile concrete 3D printer is one of the largest in the world and can be adjusted in size from a 12 x 6 mobile crane in just 20 minutes, allowing it to print large-scale structures. It features integrated acoustic and optical-based artificial intelligence for data-driven concrete printing and includes a patented anti-clogging head.
Leading companies in the modular and prefabricated nonresidential building construction market are prioritizing the development of innovative technologies, such as modular integrated construction (MiC), to deliver reliable services to their clients. MiC is a construction method where building modules are produced off-site and then transported and assembled on-site. For instance, in August 2022, China State Construction International Holdings Limited, a construction contractor based in China, launched the Hailong Cubes. These cubes are designed for quick and easy assembly, making them suitable for use in remote or disaster-prone areas. They are also energy-efficient and sustainable, appealing to environmentally conscious clients. The Hailong Cubes come in various sizes and configurations and can be utilized for multiple purposes, including housing, offices, schools, and hospitals.
In July 2022, Clayton, Dubilier & Rice (CD&R), a US-based private equity firm, acquired a company from Cornerstone Building Brands for an undisclosed amount. This acquisition is intended to accelerate growth, enhance customer value, strengthen market position, and provide immediate shareholder value. Cornerstone Building Brands, a US-based manufacturing company, supplies essential materials for modular and prefabricated non-residential construction, improving efficiency and sustainability in the building process.
Major companies operating in the modular and prefabricated nonresidential building construction market include WillScot Mobile Mini Holdings Corp, ATCO Ltd, Algeco, Fleetwood Limited, Red Sea International Company, KLEUSBERG GmbH & Co. KG, Kirby Building Systems, Champion Home Builders, Inc, Guerdon, LLC, ALHO Systembau GmbH, Jeshy Building Concepts Pty Ltd, Ramky Infrastructure Limited, Rain City Industries Pty Ltd, JM Industries Pty Ltd, Buildcep Construction Pty Ltd, Az Building For Future Pty Ltd, Fitzgerald Building Services Pty Ltd, Goodwill Construction Limited, CIMC Modular Building Systems, Hangxiao Steel Structure, Jac Built Construction Limited, Jinchen Group Co., Ltd, China Jingye Engineering Co., Ltd, Sichuan Sanhe Hengsheng Construction Engineering Co., Ltd, Beijing Zhuzong No.6 Development Construction Co., Ltd, Jiangsu Jinfanshui Construction Co., Ltd, Jiangsu Yangjian Group Co., Ltd, Guangdong Coal Base Construction Company, Wuhan Municipal Engineering General Company, Rollalong Ltd, BuildUp, Cadolto Fertiggebaude GmbH & Co. KG, Peab, Dana Holdings, Swietelsky, Habau, Castagner Immobiliare SRL, V & R Edilcons Srl, Blueair Instal Srl, Ten Estate Developments Srl, Zentec Construct Srl, Skanska, Turner Corp, Aecom, Clark Group, Swinerton, Hensel Phelps, Lendlease, Gilbane Building Co, Battle Lake Design Group, Eco Caminhos, Construcciones Planificadas, WTorre Empreendimentos, Grandio, AF construction, La' Ala Al-Kuwait Real Estate Co, Gav Yam Land Corporation Ltd, Nakheel, Line Investments & Property LLC (LIP), Emaar, Al Sraiya Holding Group, Al Futtaim Colas, Kharafi National, Baran Group, Redcon Construction Company, Estim Construction Co. Ltd
Asia-Pacific was the largest region in the modular and prefabricated nonresidential building construction market in 2024. Africa is expected to be the fastest-growing region in the global modular and prefabricated nonresidential building construction market share during the forecast period. The regions covered in the modular and prefabricated nonresidential building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the modular and prefabricated nonresidential building construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
The modular and prefabricated nonresidential building construction market includes revenues earned by entities by constructing modular and prefabricated non-residential buildings such as offices, sports, and college buildings. The establishments in this market include non-residential general contractors, non-residential for-sale builders, non-residential design-build firms, and non-residential project construction management firms. The modular and prefabricated nonresidential building construction market work performed includes new work, additions, alterations, maintenance, and repairs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Modular and Prefabricated Nonresidential Building Construction Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on modular and prefabricated nonresidential building construction market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for modular and prefabricated nonresidential building construction ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The modular and prefabricated nonresidential building construction market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.