- In June 2024, ATCO Ltd's Structures division announced the acquisition of NRB Ltd, a leading Canadian modular structures manufacturer. The USD 29.24 million deal, expected to close by late July 2024, reflects ATCO's strategy to enhance manufacturing and operational capabilities, with a strong focus on the expanding modular residential sector. This move bolsters ATCO Structures’ ambition to strengthen its presence in industrial, educational, and residential modular solutions
- In August 2023, WillScot completed the acquisition of Cold Box in California and A&M Cold Storage in Ohio. This move solidified WillScot’s leadership in the temporary cold storage market. The acquisition added 2,200 climate-controlled containers, refrigerated storage trailers, 1,300 modular leasing units, and a national provider of large clearspan structures to WillScot’s portfolio, expanding its reach across the US for diverse onsite climate-controlled solutions
- In June 2023, Modulus, a leading modular construction company, secured a USD 100 million investment from Goldman Sachs, reinforcing its growth trajectory. This significant funding aims to enhance Modulus’s innovative capabilities, reflecting growing interest in modular construction as a solution for fast, cost-effective building projects in multiple sectors. This investment sets the stage for expanded operations and more cutting-edge designs in the modular construction industry
- In October 2022, Daiwa House, Japan's largest construction company, partnered with Capital Bay to introduce modular buildings across Europe. Capital Bay incorporated these modular structures into its projects and made them available to other clients. This joint venture marked a pivotal moment for modular construction in Europe, opening new opportunities for rapid deployment of building solutions, reflecting Daiwa House’s global growth ambitions
- In June 2022, Laing O'Rourke Delivery Ltd. played a key role in constructing the HS2 Interchange Station in Solihull, which became a critical hub in the U.K.’s new high-speed rail network. Partnering with HS2 Ltd. in a contract potentially worth GBP 370 million, Laing O'Rourke completed the station’s intricate design in two phases, ensuring that the project aligns with HS2’s ambitious infrastructure goals
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Permanent and Relocatable), Material (Wood, Steel, Concrete, and Others), End-User (Residential, Hospitality, Healthcare, Education, Retail and Commercial, Office and Others) - Industry Trends and Forecast to 2031
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The Global Modular Construction Market size was valued at USD 60.67 USD Billion in 2023.
The Global Modular Construction Market is projected to grow at a CAGR of 6.4% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
