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Add to CartModular And Prefabricated Nonresidential Building Construction Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Type;
Standard Metal - [Steel Frame Structures, Pre-Engineered Metal Buildings and Metal Roof Systems], Agricultural Metal - [Metal Barns & Storage Facilities, Agricultural Equipment Sheds and Livestock Housing Structures], Modular Nonmetal - [Modular Wood Buildings, Modular Composite Structures and Modular Concrete Buildings] and Panelized Precast Nonmetal - [Precast Concrete Panels, Insulated Precast Panels and Architectural Precast Panels]By Application;
Institutional, Industrial, Commercial and AgriculturalBy End-User;
Private and PublicBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Modular And Prefabricated Nonresidential Building Construction Market Overview
Modular And Prefabricated Nonresidential Building Construction Market (USD Million)
Modular And Prefabricated Nonresidential Building Construction Market was valued at USD 76,736.69 million in the year 2024. The size of this market is expected to increase to USD 117,689.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.
Modular And Prefabricated Nonresidential Building Construction Market
*Market size in USD million
CAGR 6.3 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 6.3 % |
| Market Size (2025) | USD 76,736.69 Million |
| Market Size (2032) | USD 117,689.01 Million |
| Market Concentration | Medium |
| Report Pages | 322 |
Major Players
- Laing O'Rourke (United Kingdom)
- Skanska AB (Sweden)
- Katerra (United States)
- Bouygues Construction (France)
- Red Sea Housing Services (Saudi Arabia)
- Vinci SA (France)
- Algeco (United States)
- Lendlease Corporation (Australia)
- Kiewit Corporation (United States)
- ATS Infrastructure Ltd. (India)
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Modular And Prefabricated Nonresidential Building Construction Market
Fragmented - Highly competitive market without dominant players
Modular and Prefabricated Nonresidential Building Construction Market is witnessing rapid growth as industries embrace cost-effective and time-efficient solutions. Nearly 45% of commercial projects now integrate modular methods, reducing waste and accelerating project delivery while maintaining strict safety and quality standards.
Growing Demand for Efficiency
The shift toward efficient construction techniques is driving market adoption. Around 40% of organizations prefer prefabricated structures to reduce on-site labor needs. These methods cut project timelines by nearly 30%, enabling faster completion and optimizing resource utilization.
Innovation in Building Technologies
The adoption of advanced digital modeling and automation is enhancing design accuracy and customization. Nearly 50% of modular projects leverage cutting-edge design tools, reducing errors and improving precision, which streamlines approvals and enhances overall project efficiency.
Sustainability Driving Adoption
With a stronger focus on eco-friendly construction, prefabricated methods are increasingly favored for minimizing environmental impact. Almost 35% of projects report reduced material wastage through modular practices, aligning with global goals of sustainable infrastructure development.
Future Market Outlook
Modular and Prefabricated Nonresidential Building Construction Market is poised for steady expansion, supported by technological innovations and sustainable practices. Over 55% of developers plan to expand their investments in modular projects, ensuring long-term growth opportunities in this evolving industry.
Modular and Prefabricated Nonresidential Building Construction Market Key Takeaways
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Regional Dynamics Asia-Pacific led the market in 2024, with Africa projected to register the highest CAGR, propelled by increased infrastructure development and urbanization.
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Technological Advancements Adoption of cross-laminated timber (CLT), 3D printing, and robotics is enhancing construction speed, cost-efficiency, and sustainability in modular and prefabricated buildings.
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Market Segmentation The market is segmented by type (standard metal, agricultural metal, modular non-metal, panelized precast non-metal), application (institutional, industrial, commercial, agricultural), and end-user (private, public).
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Growth Drivers Factors such as increasing urbanization, rising demand for cost-effective and sustainable buildings, and advancements in construction technologies are driving market growth.
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Competitive Landscape Key players in the market include WillScot Mobile Mini Holdings Corp, ATCO Ltd, Algeco, Fleetwood Limited, and Red Sea International Company, focusing on product innovation and strategic partnerships.
Modular And Prefabricated Nonresidential Building Construction Market Recent Developments
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In February 2023, Turner Construction implemented modular construction techniques for a major data center project in the U.S.. This approach improved project efficiency, reduced construction timelines, and enhanced quality control, showcasing the growing adoption of modular methods in large-scale infrastructure projects.
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In April 2023, Laing O'Rourke successfully completed a hospital wing project in the U.K. utilizing fully modular prefabricated components. The initiative demonstrated the potential of off-site manufacturing to accelerate construction delivery while maintaining high standards of safety, precision, and sustainability in healthcare infrastructure.
Modular And Prefabricated Nonresidential Building Construction Market Segment Analysis
In this report, Modular And Prefabricated Nonresidential Building Construction Market has been segmented by Type, Application, End-User, and Geography.
Modular And Prefabricated Nonresidential Building Construction Market, Segmentation by Type
The Modular And Prefabricated Nonresidential Building Construction Market is segmented by Type, including Standard Metal, Agricultural Metal, Modular Nonmetal, and Panelized Precast Nonmetal. These types represent various construction methods that cater to specific industrial, commercial, and agricultural applications. Standard metal structures, especially steel frame and pre-engineered buildings, are commonly used in industrial and commercial settings due to their durability, ease of assembly, and cost-effectiveness. Agricultural metal structures, like barns and sheds, cater to the agricultural sector, providing functional and weather-resistant storage and operational spaces. Modular nonmetal and panelized precast nonmetal types are gaining traction in institutional and residential settings for their flexibility, faster construction times, and environmental benefits. The segment is expected to grow rapidly, particularly in the nonmetal categories, driven by their sustainability advantages and demand for energy-efficient buildings.
Standard Metal
Standard Metal buildings, including steel frame structures and pre-engineered metal buildings, are the most common choice for industrial and commercial projects. This segment is expected to grow at 5.5%, supported by the increasing demand for durable, cost-effective structures that offer fast deployment.
Agricultural Metal
Agricultural Metal buildings, such as metal barns & storage facilities and livestock housing structures, are essential for the agriculture sector. This segment is projected to grow at 4.3%, driven by the expansion of agricultural operations and the need for affordable, functional storage and housing solutions.
Modular Nonmetal
Modular Nonmetal structures, including modular wood buildings and modular composite structures, are favored for their flexibility, quick construction times, and eco-friendliness. The growth rate for this segment is forecasted to be 6.2%, as demand for sustainable, cost-effective solutions in institutional and commercial spaces rises.
Panelized Precast Nonmetal
Panelized Precast Nonmetal buildings, including precast concrete panels and insulated precast panels, are commonly used in institutional and commercial sectors. This segment is expected to grow at 5.0%, driven by the benefits of speed, quality, and energy efficiency in building construction.
Modular And Prefabricated Nonresidential Building Construction Market, Segmentation by Application
Modular And Prefabricated Nonresidential Building Construction Market is segmented by Application, including Institutional, Industrial, Commercial, and Agricultural sectors. The demand for modular and prefabricated nonresidential buildings in these applications is driven by the need for speed, cost-effectiveness, and customization. Institutional buildings, such as schools and hospitals, benefit from the rapid construction timelines and environmental benefits of prefabricated structures. Industrial and commercial sectors favor these buildings for their cost savings and flexibility, while the agricultural sector continues to expand its use of modular metal buildings for storage, equipment, and livestock housing. The overall market for modular construction in these applications is expected to grow at a robust rate, particularly in institutional and commercial sectors.
Institutional
Institutional buildings, including schools, hospitals, and government offices, are increasingly adopting modular and prefabricated construction methods for their cost-effectiveness, speed, and sustainability. This segment is expected to grow at 7.0%, driven by ongoing infrastructure investments and the demand for sustainable buildings.
Industrial
Industrial applications, including manufacturing facilities and warehouses, are a significant driver for the modular construction market. The segment is projected to grow at 5.3%, as industries seek durable, efficient, and customizable solutions for their production facilities.
Commercial
Commercial buildings, such as office complexes, retail spaces, and hospitality facilities, are increasingly adopting modular construction due to the cost savings and flexible design options. This segment is expected to grow at 6.1%, fueled by the growing need for rapid construction and environmentally friendly solutions.
Agricultural
Agricultural buildings, including barns, storage facilities, and livestock housing, continue to benefit from modular metal construction due to its affordability and durability. This segment is expected to grow at 4.4%, supported by the expansion of modern farming operations.
Modular And Prefabricated Nonresidential Building Construction Market, Segmentation by End-User
Modular And Prefabricated Nonresidential Building Construction Market is segmented by End-User, which includes Private and Public sectors. The private sector, including commercial developers and private institutions, is expected to drive the demand for modular buildings due to the cost savings and speed of construction. The public sector, including government projects and municipal buildings, is adopting modular construction methods to meet budget constraints and accelerate project timelines. The private sector will continue to dominate the market, but public sector adoption is expected to grow as municipalities increasingly turn to prefabricated solutions for infrastructure projects.
Private
The Private sector, driven by commercial developers and private institutions, is the largest end-user group. The growth rate for this segment is expected to be 6.3%, supported by the increasing demand for affordable, flexible, and energy-efficient commercial and industrial buildings.
Public
The Public sector, including government and municipal projects, is increasingly adopting modular construction for its cost-efficiency and faster project completion times. This segment is projected to grow at 5.0%, driven by public infrastructure development and the push for sustainable building solutions.
Modular And Prefabricated Nonresidential Building Construction Market, Segmentation by Geography
Modular And Prefabricated Nonresidential Building Construction Market is segmented geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America and Europe continue to lead the market due to their strong demand for commercial, institutional, and industrial modular buildings. Asia Pacific is expected to experience the highest growth, driven by rapid urbanization, industrialization, and government support for sustainable construction. The Middle East & Africa and Latin America are also expected to show steady growth, with an increasing focus on infrastructure and commercial projects.
Regions and Countries Analyzed in this Report
North America
North America is expected to lead the market, growing at 5.8% annually, driven by strong demand in commercial, institutional, and industrial applications, particularly in the United States and Canada.
Europe
Europe is projected to grow at 5.2%, driven by increasing investments in sustainable building technologies and rising demand for modular solutions in both public and private sectors.
Asia Pacific
Asia Pacific is the fastest-growing region, with a projected growth rate of 7.4%, fueled by rapid urbanization, industrialization, and government-backed infrastructure projects.
Middle East & Africa
Middle East & Africa is expected to grow at 4.9%, supported by infrastructure development and rising demand for affordable, sustainable building solutions in commercial and residential sectors.
Latin America
Latin America is projected to grow at 4.6%, with strong demand in commercial real estate and government buildings, driven by urbanization and increasing focus on sustainable construction.
Modular And Prefabricated Nonresidential Building Construction Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Modular And Prefabricated Nonresidential Building Construction Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Efficiency and Speed of Construction
- Versatility and Flexibility in Design
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Demand for Sustainable-The demand for sustainable modular and prefabricated nonresidential building construction is experiencing a significant uptick as stakeholders prioritize environmentally friendly and energy-efficient building solutions. Sustainable construction practices, including the use of eco-friendly materials, energy-efficient systems, and green building certifications, are becoming increasingly important considerations for developers, architects, and building owners. Modular and prefabricated construction methods offer inherent sustainability benefits, such as reduced construction waste, improved resource efficiency, and enhanced indoor environmental quality, making them attractive options for nonresidential building projects seeking to achieve sustainability goals.
The adoption of sustainable modular and prefabricated construction aligns with global efforts to mitigate climate change and reduce carbon emissions. By incorporating green building practices into nonresidential projects, stakeholders can minimize the environmental impact of construction activities and contribute to the overall sustainability of the built environment. Sustainable modular construction techniques, such as off-site manufacturing and assembly, also offer opportunities to optimize energy use, reduce transportation emissions, and promote circular economy principles by recycling and reusing materials.
The growing awareness of the long-term benefits of sustainable buildings, including reduced operating costs, enhanced occupant comfort, and improved asset value, is driving demand for sustainable modular and prefabricated nonresidential building construction. Building owners and tenants are increasingly seeking environmentally responsible spaces that offer energy savings, health and wellness benefits, and resilience to climate-related risks. As a result, there is a rising market demand for modular and prefabricated buildings that prioritize sustainability and offer certifications such as LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method) to demonstrate environmental performance and compliance with green building standards.
Restraints:
- Perception of Quality and Aesthetics
- Initial Investment Costs
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Limited Adoption in Some Markets-Despite significant advantages, the modular and prefabricated nonresidential building construction market faces challenges related to limited adoption in certain markets. One of the key barriers to widespread adoption is the perception of quality and aesthetics associated with modular and prefabricated construction methods. Some stakeholders in the construction industry may perceive modular buildings as lacking in design flexibility or visual appeal compared to traditional stick-built structures. Overcoming these perceptions requires education and awareness campaigns to showcase the versatility and customization options available with modular construction, as well as successful case studies highlighting the aesthetic and functional benefits.
The initial investment costs associated with transitioning to modular and prefabricated construction can be prohibitive for some developers and contractors. While modular construction offers long-term cost savings through reduced construction timelines and labor expenses, the upfront investment in factory equipment, technology, and training can pose financial challenges, particularly for smaller firms or markets with limited access to capital. Addressing this barrier requires innovative financing solutions, such as leasing arrangements or public-private partnerships, to facilitate the adoption of modular construction methods and enable stakeholders to realize the benefits of off-site manufacturing.
Limited adoption of modular and prefabricated construction methods in some markets may be attributed to regulatory constraints, zoning restrictions, and building codes that favor traditional construction practices. These regulations may not adequately account for the unique characteristics and benefits of modular construction, leading to delays or complications in project approval processes. Advocacy efforts aimed at updating building codes and regulations to accommodate modular and prefabricated building systems can help overcome this barrier and create a more conducive environment for the widespread adoption of off-site construction methods in nonresidential building projects.
Opportunities:
- Growing Demand for Nonresidential Buildings
- Technological Advancements in Manufacturing
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Expansion into New Geographical Regions-Expansion into new geographical regions presents a significant opportunity for the modular and prefabricated nonresidential building construction market. As construction practices evolve and off-site construction methods gain traction worldwide, manufacturers and suppliers are looking to penetrate new markets and capitalize on emerging opportunities. Emerging economies, in particular, offer substantial potential for market expansion due to rapid urbanization, infrastructure development projects, and a growing demand for efficient and cost-effective building solutions.
As urbanization accelerates and cities expand, there is an increasing need for nonresidential buildings such as commercial complexes, office spaces, healthcare facilities, and educational institutions. Modular and prefabricated construction techniques offer a viable solution to address these needs by providing faster construction timelines, reduced labor requirements, and improved quality control. By expanding into new geographical regions, manufacturers can tap into the growing demand for nonresidential buildings and offer innovative off-site construction solutions tailored to local market requirements.
Strategic partnerships, collaborations, and joint ventures with local contractors, developers, and government agencies can facilitate market entry and accelerate growth in new regions. By leveraging existing networks, expertise, and resources, companies can navigate regulatory frameworks, cultural nuances, and logistical challenges more effectively. Additionally, establishing a local presence allows manufacturers to better understand market dynamics, customer preferences, and project requirements, enabling them to deliver tailored solutions and establish themselves as trusted partners in new geographical regions. As the modular and prefabricated nonresidential building construction market continues to expand into new territories, companies that embrace strategic expansion initiatives are well-positioned to capitalize on the growing demand for efficient and sustainable building solutions worldwide.
Modular And Prefabricated Nonresidential Building Construction Market Competitive Landscape Analysis
Modular And Prefabricated Nonresidential Building Construction Market is becoming increasingly competitive as firms refine strategies to enhance efficiency, cost-effectiveness, and project timelines. Around 65% of revenues are led by established companies engaged in collaboration, partnerships, and merger activities. Rising demand for flexible building solutions continues to support consistent growth across industrial, institutional, and commercial applications.
Market Structure and Concentration
Nearly 70% of the market share is concentrated among large construction firms with advanced technologies and strong supply networks. This concentration secures leadership in large-scale projects, while regional companies pursue expansion. Through targeted strategies and regional collaboration, emerging firms are gradually reshaping competition within modular and prefabricated construction.
Brand and Channel Strategies
More than 55% of revenues are influenced by strong brand reputation and effective channel strategies across corporate, government, and institutional clients. Leading companies emphasize partnerships with architects, contractors, and developers to expand adoption. By aligning strategies with sustainability and speed-to-market, firms secure long-term growth in the construction sector.
Innovation Drivers and Technological Advancements
Close to 60% of competitive advantage is driven by innovation and major technological advancements in design automation, smart materials, and energy-efficient construction. Developments in BIM integration and modular customization are transforming project delivery. Strong collaboration with engineering firms fosters innovation-driven growth and supports the evolution of next-generation building systems.
Regional Momentum and Expansion
More than 50% of industry expansion is associated with regions investing in infrastructure, industrial facilities, and sustainable construction practices. Strong momentum is observed in North America, Europe, and Asia where modular adoption is increasing rapidly. Local players are forming partnerships with international firms, accelerating growth and expanding regional coverage.
Future Outlook
Approximately 75% of companies are preparing for significant expansion with digital integration, eco-friendly designs, and larger prefabricated portfolios. The future outlook emphasizes innovation, strategic collaboration, and alignment with sustainability initiatives. Continued growth is a
Key players in Modular And Prefabricated Nonresidential Building Construction Market include:
- Kiewit Corporation
- Skanska AB
- Taylor Wimpey plc
- Laing O’Rourke
- Red Sea Housing Services
- Katerra, Inc.
- Modular Building Institute members
- Guerdon Modular Buildings
- Laing O’Rourke Modular
- Holmes Structures USA, Inc.
- Vinci Construction
- Shigeru Ban Architects
- Walsh Group
- China State Construction Engineering Corporation
- Broad Sustainable Building
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Modular And Prefabricated Nonresidential Building Construction Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Efficiency and Speed of Construction
- Versatility and Flexibility in Design
- Demand for Sustainable
- Restraints
- Perception of Quality and Aesthetics
- Initial Investment Costs
- Limited Adoption in Some Markets
- Opportunities
- Growing Demand for Nonresidential Buildings
- Technological Advancements in Manufacturing
- Expansion into New Geographical Regions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Modular And Prefabricated Nonresidential Building Construction Market, By Type, 2021 - 2031 (USD Million)
- Standard Metal
- Steel Frame Structures
- Pre-Engineered Metal Buildings
- Metal Roof Systems
- Agricultural Metal
- Metal Barns & Storage Facilities
- Agricultural Equipment Sheds
- Livestock Housing Structures
- Modular Nonmetal
- Modular Wood Buildings
- Modular Composite Structures
- Modular Concrete Buildings
- Panelized Precast Nonmetal
- Precast Concrete Panels
- Insulated Precast Panels
- Architectural Precast Panels
- Standard Metal
- Modular And Prefabricated Nonresidential Building Construction Market, By Application, 2021 - 2031 (USD Million)
- Institutional
- Industrial
- Commercial
- Agricultural
- Modular And Prefabricated Nonresidential Building Construction Market, By End-User, 2021 - 2031 (USD Million)
- Private
- Public
- Modular And Prefabricated Nonresidential Building Construction Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Modular And Prefabricated Nonresidential Building Construction Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Kiewit Corporation
- Skanska AB
- Taylor Wimpey plc
- Laing O’Rourke
- Red Sea Housing Services
- Katerra, Inc.
- Modular Building Institute members
- Guerdon Modular Buildings
- Laing O’Rourke Modular
- Holmes Structures USA, Inc.
- Vinci Construction
- Shigeru Ban Architects
- Walsh Group
- China State Construction Engineering Corporation
- Broad Sustainable Building (Broad Group)
- Company Profiles
- Analyst Views
- Future Outlook of the Market