Rising Demand for Prefabricated Solutions Drives Modular...

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2026-05-05 15:43:08 -

Rising Demand for Prefabricated Solutions Drives Modular Construction Market Expansion

The global modular construction market was valued at US$ 94.8 billion in 2022 and is projected to reach US$ 155.9 billion by the end of 2031, expanding at a CAGR of 5.8% from 2023 to 2031. Growth is driven by rising demand for cost-effective and time-efficient building solutions, increasing urbanization, and the adoption of sustainable construction practices across residential, commercial, and...

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