Market Overview:
The global open modular building market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for modular buildings from commercial, institutional, and industrial applications. Additionally, the growing trend of off-site construction is also contributing to the growth of this market. The permanent modular segment is expected to dominate the global open modular building market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. The increasing demand for permanent modular buildings from commercial and institutional applications is driving the growth of this segment. In terms of region, North America accounted for majority share in 2017.
Product Definition:
Open modular building is a type of construction in which modules are prefabricated and then assembled on site. This type of construction is becoming increasingly popular due to its many advantages over traditional construction methods.
Permanent Modular:
Permanent modular is a construction method that involves the usage of prefabricated components in place of conventional building materials such as steel and concrete. These modular structures are designed to be transported to the site and assembled with help from cranes, without any loss of quality or functionality. The method has gained popularity owing to its ability to reduce carbon emissions during construction, time consumption associated with traditional building methods, and cost savings achieved by using these structures onsite rather than transporting them away after completion.
Relocatable Modular:
Relocatable modular is a term used for design of construction which can be moved from one place to another without any great loss of function or integrity. It has no permanent roots into the ground, and therefore it is also known as open modular building. These buildings are designed in such a way that they have large number of independent modules joined together by common walls and floors, like a giant Lego structure.
Application Insights:
The global open modular building market has been segmented into commercial, institutional and industrial applications. The commercial application segment dominated the overall industry in terms of revenue share in 2017. This is attributed to a high demand for office spaces from companies operating globally. For instance, according to the Council on Tall Buildings and Urban Habitat (CTBUH), there are currently 584 buildings taller than 200 feet constructed across the world. Around two-third of these are concentrated in 12 countries including China, United States, Canada, Brazil France Germany Italy Russia Spain Sweden UAE and Saudi Arabia. Moreover, around 40% of current construction projects involve expansion or new construction involving height over 200 feet worldwide which supports further growth for this segment during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in real estate development and construction activities in countries, such as China, India, Japan, and Australia. In addition, rising demand for affordable housing coupled with supportive government initiatives is likely to propel industry expansion over the next eight years.
Europe was estimated at USD X billion in 2017 owing to high acceptance of prefabricated buildings especially for social infrastructure applications such as schools and colleges. Moreover, growing trend towards sustainable building solutions supported by stringent regulations framed by governing bodies pertaining to energy consumption efficiency are anticipated favorably impact industry growth over the coming years.
Growth Factors:
- Increased demand for sustainable and modular construction methods
- Growing popularity of prefabricated and modular buildings
- Rising need for temporary or permanent structures for commercial, industrial, and residential applications
- Proliferation of design-build construction projects
- Advances in digital fabrication technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Modular Building Market Research Report
By Type
Permanent Modular, Relocatable Modular
By Application
Commercial, Institutional, Industrial
By Companies
Laing O’rourke, Red Sea Housing, Atco, Bouygues Construction, Vinci Construction, Skanska, Algeco Scotsman, Kleusberg, Katerra, Lendlease, CIMC Modular Building Systems, WillScot, Dubox, Kwikspace Modular Buildings, Guerdon Modular Buildings, Alta-Fab Structures, Westchester Modular Homes, Wernick Group, Fleetwood Australia, NRB Inc, KOMA Modular, Hickory Group, Clayton Homes, J.D. Irving, Horizon North Logistics, Art’s Way Manufacturing, Urban Splash, Sekisui House, Riko Group, Premier Modular
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Open Modular Building Market Report Segments:
The global Open Modular Building market is segmented on the basis of:
Types
Permanent Modular, Relocatable Modular
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Institutional, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Laing O’rourke
- Red Sea Housing
- Atco
- Bouygues Construction
- Vinci Construction
- Skanska
- Algeco Scotsman
- Kleusberg
- Katerra
- Lendlease
- CIMC Modular Building Systems
- WillScot
- Dubox
- Kwikspace Modular Buildings
- Guerdon Modular Buildings
- Alta-Fab Structures
- Westchester Modular Homes
- Wernick Group
- Fleetwood Australia
- NRB Inc
- KOMA Modular
- Hickory Group
- Clayton Homes
- J.D. Irving
- Horizon North Logistics
- Art’s Way Manufacturing
- Urban Splash
- Sekisui House
- Riko Group
- Premier Modular
Highlights of The Open Modular Building Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Permanent Modular
- Relocatable Modular
- By Application:
- Commercial
- Institutional
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Open Modular Building Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Open Modular Building (OMB) is a building design and construction methodology that encourages the use of modular components to create buildings with greater flexibility, efficiency, and sustainability. OMB structures are typically composed of multiple modules that can be assembled or disassembled on-site to meet specific needs or requirements.
Some of the major players in the open modular building market are Laing O’rourke, Red Sea Housing, Atco, Bouygues Construction, Vinci Construction, Skanska, Algeco Scotsman, Kleusberg, Katerra, Lendlease, CIMC Modular Building Systems, WillScot, Dubox, Kwikspace Modular Buildings, Guerdon Modular Buildings, Alta-Fab Structures, Westchester Modular Homes, Wernick Group, Fleetwood Australia, NRB Inc, KOMA Modular, Hickory Group, Clayton Homes, J.D. Irving, Horizon North Logistics, Art’s Way Manufacturing, Urban Splash, Sekisui House, Riko Group, Premier Modular.
The open modular building market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Open Modular Building Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Open Modular Building Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Open Modular Building Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Open Modular Building Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Open Modular Building Market Size & Forecast, 2018-2028
4.5.1 Open Modular Building Market Size and Y-o-Y Growth
4.5.2 Open Modular Building Market Absolute $ Opportunity
Chapter 5 Global Open Modular Building Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Open Modular Building Market Size Forecast by Type
5.2.1 Permanent Modular
5.2.2 Relocatable Modular
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Open Modular Building Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Open Modular Building Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Institutional
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Open Modular Building Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Open Modular Building Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Open Modular Building Analysis and Forecast
9.1 Introduction
9.2 North America Open Modular Building Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Open Modular Building Market Size Forecast by Type
9.6.1 Permanent Modular
9.6.2 Relocatable Modular
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Open Modular Building Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Institutional
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Open Modular Building Analysis and Forecast
10.1 Introduction
10.2 Europe Open Modular Building Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Open Modular Building Market Size Forecast by Type
10.6.1 Permanent Modular
10.6.2 Relocatable Modular
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Open Modular Building Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Institutional
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Open Modular Building Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Open Modular Building Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Open Modular Building Market Size Forecast by Type
11.6.1 Permanent Modular
11.6.2 Relocatable Modular
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Open Modular Building Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Institutional
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Open Modular Building Analysis and Forecast
12.1 Introduction
12.2 Latin America Open Modular Building Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Open Modular Building Market Size Forecast by Type
12.6.1 Permanent Modular
12.6.2 Relocatable Modular
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Open Modular Building Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Institutional
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Open Modular Building Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Open Modular Building Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Open Modular Building Market Size Forecast by Type
13.6.1 Permanent Modular
13.6.2 Relocatable Modular
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Open Modular Building Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Institutional
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Open Modular Building Market: Competitive Dashboard
14.2 Global Open Modular Building Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Laing O’rourke
14.3.2 Red Sea Housing
14.3.3 Atco
14.3.4 Bouygues Construction
14.3.5 Vinci Construction
14.3.6 Skanska
14.3.7 Algeco Scotsman
14.3.8 Kleusberg
14.3.9 Katerra
14.3.10 Lendlease
14.3.11 CIMC Modular Building Systems
14.3.12 WillScot
14.3.13 Dubox
14.3.14 Kwikspace Modular Buildings
14.3.15 Guerdon Modular Buildings
14.3.16 Alta-Fab Structures
14.3.17 Westchester Modular Homes
14.3.18 Wernick Group
14.3.19 Fleetwood Australia
14.3.20 NRB Inc
14.3.21 KOMA Modular
14.3.22 Hickory Group
14.3.23 Clayton Homes
14.3.24 J.D. Irving
14.3.25 Horizon North Logistics
14.3.26 Art’s Way Manufacturing
14.3.27 Urban Splash
14.3.28 Sekisui House
14.3.29 Riko Group
14.3.30 Premier Modular
