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EUROPE MODULAR CONSTRUCTION MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Modular Construction Market by Construction (Permanent Modular Construction, Relocatable Modular Construction) Market by Material (Steel, Concrete, Wood, Plastic) Market by Application (Commercial, Industrial/Institutional, Residential) by Geography


MARKET OVERVIEW

The Europe modular construction market is estimated to project a CAGR of 6.65% during the forecast period, 2023-2032, and is expected to reach a revenue of $45.80 billion by 2032.

The modular construction market growth in Europe is mainly attributed to the surging number of migrants needing permanent and temporary housing. Additionally, the growing use of cutting-edge technologies boosts the growth prospects of the region.

Europe-Modular-Construction-Market

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The Europe modular construction market growth assessment includes the analysis of the United Kingdom, Italy, France, Germany, Poland, Spain, Belgium, and Rest of Europe. In the United Kingdom, modular construction is becoming increasingly popular as a feasible way to build affordable houses. This is further supplemented by housing scarcity and the rising population. Also, the UK’s top investors, building firms, and developers are exploring modular housing options. 

Additionally, modular construction is evaluated to play a major role in the UK as the government plans to build around 300,000 new houses annually to address the challenges in the housing market. Besides, the renewed emphasis on modernizing healthcare infrastructure, significant investments in domestic housing development, and continuous shortage of skilled labor propel growth opportunities for the United Kingdom modular construction market. 

Whereas in Spain, traditional construction companies and investors are recognizing the advantages of offsite solutions in enhancing their business models. Accordingly, industry experts are urging the government to facilitate planning & regulatory policy incentives and subsidies & grants for developers using modular technologies. Such factors drive the Spain modular construction market growth. 

The Europe modular construction market scope includes construction, application, and material. The material segment includes plastic, wood, steel, and concrete. 

Modular concrete constructions include floor slabs, foundations, columns, and precast concrete beams. These are delivered to the construction site and assembled by a skilled worker. The manufacturer predesigns and precuts the gaps for window and door frames. Since precast concrete construction takes longer than steel and timber construction, it is used for varied structures. These include schools, medical & hospital facilities, multi-unit housing, retail shopping complexes, and major office buildings. 

In addition, concrete is among the most utilized building material in the modular construction sector. When reinforced with proper steel and fiber, concrete buildings are optimal for modular construction. Accordingly, the growing construction of high-rise structures and properties resistant to chemical & natural damages propel the demand for concrete in modular construction.

One of the recent developments with regard to the concrete segment is the use of 3D concrete printing. It is a building technology that creates 3D structures for modular buildings using CNC equipment and robots. As a result, some modular construction companies are investing in this technology to expedite the building process.

Furthermore, the modular building market is witnessing the emergence of wood as a widespread, viable substitute for conventional materials. It is frequently used in modular construction due to its remarkable qualities, including low toxicity, lightweight, and high durability. Also, it is readily biodegradable and recyclable by nature. In addition, versatility, weight, and cost-efficiency make wood a feasible choice for relocatable buildings or permanent modular buildings. 

Moreover, construction projects using wood modules reduce energy waste. Also, construction using wood offers higher insulation than concrete or steel, given its cellular structure that retains thermal energy. Besides, wood-framed structures enable high electrical shock absorption. 

Some of the prominent players in the Europe modular construction market are ACS Actividades de Construccion y Servicios SA, Balfour Beatty PLC, Astron, Berkeley Group (Berkeley Modular), etc.

ACS Actividades de Construccion y Servicios SA offers engineering & construction services. It specializes in civil work projects. It operates in the environment, industrial services, and construction segments. The construction segment caters to non-residential buildings, residential buildings, and civil works. The company has its headquarters in Madrid, Spain.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Material, Application, Construction
Countries AnalyzedThe United Kingdom, Italy, France, Germany, Poland, Spain, Belgium, and Rest of Europe
Companies AnalyzedACS Actividades de Construccion y Servicios SA, Astron, Balfour Beatty PLC, Berkeley Group (Berkeley Modular), Bouygues Construction, Guerdon Modular Buildings, Jeff Luchetti Construction Inc, Julius Berger Nigeria PLC, Kleusberg GmbH & Co KG, Koma Modular, Laing O’Rourke, Larsen & Toubro Limited, Modulaire Group, Palomar Modular Buildings, Red Sea Housing, Riko Hiše doo, Skanska Groupl, System House R&C Co Ltd, Taisei Corporation, Wernick Group

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. MODULAR CONSTRUCTION IS MORE ECONOMICAL THAN OTHER TYPES
      2. MODULAR CONSTRUCTION INCURS TRANSPORTATION COSTS, FURTHER INFLUENCING THE PROJECT’S FEASIBILITY 
      3.  A NEW WAVE OF ATTENTION AND INVESTMENT
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. ADVANTAGES OVER TRADITIONAL CONSTRUCTION SYSTEMS
      2. URBANIZATION AND INDUSTRIALIZATION IN DEVELOPING COUNTRIES
      3. TIME AND COST-EFFECTIVE METHOD OF CONSTRUCTION
      4. LABOR SHORTAGE
      5. LOWER DEFECTS AND REWORKS
    2. KEY RESTRAINTS
      1. HIGHER COSTS AND LOGISTICAL COMPLEXITIES
      2. HIGH INITIAL COSTS FOR CONSTRUCTING MANUFACTURING FACILITIES
      3. LOW AWARENESS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
    7. REGULATORY FRAMEWORK
  5. MARKET BY CONSTRUCTION
    1. PERMANENT MODULAR CONSTRUCTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. RELOCATABLE MODULAR CONSTRUCTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY MATERIAL
    1. STEEL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. CONCRETE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. WOOD
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. PLASTIC
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY APPLICATION
    1. COMMERCIAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. INDUSTRIAL/INSTITUTIONAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. RESIDENTIAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE MODULAR CONSTRUCTION MARKET DRIVERS
      3. EUROPE MODULAR CONSTRUCTION MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE MODULAR CONSTRUCTION MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
        1. COMPANY OVERVIEW
        2. SERVICES LIST
      2. ASTRON
        1. COMPANY OVERVIEW
        2. SERVICES LIST
      3. BALFOUR BEATTY PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      4. BERKELEY GROUP (BERKELEY MODULAR)
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      5. BOUYGUES CONSTRUCTION
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      6. GUERDON MODULAR BUILDINGS
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      7. JEFF LUCHETTI CONSTRUCTION INC
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      8. JULIUS BERGER NIGERIA PLC
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      9. KLEUSBERG GMBH & CO KG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      10. KOMA MODULAR
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      11. LAING O’ROURKE
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      12. LARSEN & TOUBRO LIMITED
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      13. MODULAIRE GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      14. PALOMAR MODULAR BUILDINGS
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      15. RIKO HIŠE D.O.O.
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      16. RED SEA HOUSING
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      17. SKANSKA GROUP
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      18. SYSTEM HOUSE R&C CO LTD
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      19. TAISEI CORPORATION
        1. COMPANY OVERVIEW
        2. RECENT DEVELOPMENTS
      20. WERNICK GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MODULAR CONSTRUCTION

TABLE 2: EUROPE MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: EUROPE MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 4: EUROPE MODULAR CONSTRUCTION MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: EUROPE MODULAR CONSTRUCTION MARKET, BY MATERIAL, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 6: EUROPE MODULAR CONSTRUCTION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: EUROPE MODULAR CONSTRUCTION MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 8: EUROPE MODULAR CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 9: EUROPE MODULAR CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 10: KEY PLAYERS OPERATING IN EUROPE MODULAR CONSTRUCTION MARKET

TABLE 11: LIST OF MERGERS & ACQUISITIONS

TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: EUROPE MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY CONSTRUCTION, IN 2022

FIGURE 8: EUROPE MODULAR CONSTRUCTION MARKET, BY PERMANENT MODULAR CONSTRUCTION, 2023-2032 (IN $ BILLION)

FIGURE 9: EUROPE MODULAR CONSTRUCTION MARKET, BY RELOCATABLE MODULAR CONSTRUCTION, 2023-2032 (IN $ BILLION)

FIGURE 10: EUROPE MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2022

FIGURE 11: EUROPE MODULAR CONSTRUCTION MARKET, BY STEEL, 2023-2032 (IN $ BILLION)

FIGURE 12: EUROPE MODULAR CONSTRUCTION MARKET, BY CONCRETE, 2023-2032 (IN $ BILLION)

FIGURE 13: EUROPE MODULAR CONSTRUCTION MARKET, BY WOOD, 2023-2032 (IN $ BILLION)

FIGURE 14: EUROPE MODULAR CONSTRUCTION MARKET, BY PLASTIC, 2023-2032 (IN $ BILLION)

FIGURE 15: EUROPE MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 16: EUROPE MODULAR CONSTRUCTION MARKET, BY COMMERCIAL, 2023-2032 (IN $ BILLION)

FIGURE 17: EUROPE MODULAR CONSTRUCTION MARKET, BY INDUSTRIAL/INSTITUTIONAL, 2023-2032 (IN $ BILLION)

FIGURE 18: EUROPE MODULAR CONSTRUCTION MARKET, BY RESIDENTIAL, 2023-2032 (IN $ BILLION)

FIGURE 19: EUROPE MODULAR CONSTRUCTION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 20: UNITED KINGDOM MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 21: GERMANY MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 22: FRANCE MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 23: ITALY MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 24: SPAIN MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 25: BELGIUM MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 26: POLAND MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

FIGURE 27: REST OF EUROPE MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)

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