Modular Steel Construction Market Growth Report by 2031
The Modular Steel Construction Market is expected to register a CAGR of 6.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Modular Steel Construction Market Report is segmented by Construction Type into the following subsegments: Type 1 and Type 2. It is also segmented by Building Type, including Residential, Commercial, Industrial, and Others. The global analysis is broken down at the regional level and by major countries. The market evaluation is presented in US$ for the above segmental analysis, with insights into technological advancements and projections through 2031.
Purpose of the ReportThe report Modular Steel Construction Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Modular Steel Construction Market Segmentation
Construction Type- Type 1
- Type 2
- Residential
- Commercial
- Industrial
- Others
Strategic Insights
Modular Steel Construction Market Growth Drivers- Emergence in Demand for Economically Viable and Quick Construction: In contrast to the traditional method of construction, modular steel construction is more economical and takes less time, making this construction increasingly popular within commercial and residential sectors.
- Sustainability and Green Building Practice: Modular steel buildings can be much more energy efficient and sustainable, because the materials can be recycled in most cases, and the process of construction involves a lot less waste generation.
- Urbanization and Infrastructure Development: Rapid growth of cities and the immediate necessity for quicker and more durable construction raised demands for modular steel construction.
- Prefabrication and off-site construction: Application of prefabrication techniques in modular steel construction helps speed up projects and improve quality where components are made in factories and assembled onsite.
- Hybrid construction models: In the future, modular steel, which will combine other forms of materials - wood or concrete-would become a mainstream market trend.
- Advanced design technologies: Three-dimensional printing and Building Information Modeling (BIM) are advanced technologies that modular steel construction schemes also use in order to increase customization, precision, and efficiency.
- Expansion in Emerging Markets: This expansion is expected to grow further as construction industries in these emerging markets, particularly the Asia-Pacific and Latin America, start surfacing their construction sectors. Such emergent markets are characterized by rapid urbanization that can particularly benefit from modular steel construction, as the latter is an efficient and scalable solution.
- Integration with Smart Building Technologies: Integration of smart building technologies, like IoT sensors and automatic systems, through modular steel construction would keep the building alive with optimum management and efficient usage of energy.
- Disaster relief and temporary sheltering: Modular steel building are very appropriate for providing temporary or emergency shelter in disaster-stricken areas and therefore has great prospects for humanitarian uses.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Modular Steel Construction Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Modular Steel Construction Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Some of the leading companies in Modular Steel Construction Market, which are known for their innovative solutions are ATD Steel Structure Corporation, BMarko Structures LLC, Deluxe Modular, Henan BEBON Steel Co., Ltd, Modula Construction UK, Modular Steel Systems, Inc., SMC Construction Solutions, Superstruct ApS, Vanguard Modular Building Systems, Z Modular (Zekelman Industries),
Key trends in the market include advanced manufacturing technologies such as 3D printing is applied in modular construction and sustainable materials with energy-efficient design are the other change.
The market is expected to register a CAGR of 6.1% during 2023–2031.
Some of the prime drivers that have determined the market are increased demand for cheaper energy efficient buildings, faster construction time, and cuts in wastage. In modular steel construction, it helps meet these criteria. In relation to normal methods of construction, modular steel construction can be fastened, minimizes waste, and saves the environment.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Modular Steel Construction Market - By Construction Type
1.3.2 Modular Steel Construction Market - By Building Type
1.3.3 Modular Steel Construction Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MODULAR STEEL CONSTRUCTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MODULAR STEEL CONSTRUCTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MODULAR STEEL CONSTRUCTION MARKET - GLOBAL MARKET ANALYSIS
6.1. MODULAR STEEL CONSTRUCTION - GLOBAL MARKET OVERVIEW
6.2. MODULAR STEEL CONSTRUCTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MODULAR STEEL CONSTRUCTION MARKET - REVENUE AND FORECASTS TO 2028 - CONSTRUCTION TYPE
7.1. OVERVIEW
7.2. CONSTRUCTION TYPE MARKET FORECASTS AND ANALYSIS
7.3. TYPE 1
7.3.1. Overview
7.3.2. Type 1 Market Forecast and Analysis
7.4. TYPE 2
7.4.1. Overview
7.4.2. Type 2 Market Forecast and Analysis
8. MODULAR STEEL CONSTRUCTION MARKET - REVENUE AND FORECASTS TO 2028 - BUILDING TYPE
8.1. OVERVIEW
8.2. BUILDING TYPE MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MODULAR STEEL CONSTRUCTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Modular Steel Construction Market Overview
9.1.2 North America Modular Steel Construction Market Forecasts and Analysis
9.1.3 North America Modular Steel Construction Market Forecasts and Analysis - By Construction Type
9.1.4 North America Modular Steel Construction Market Forecasts and Analysis - By Building Type
9.1.5 North America Modular Steel Construction Market Forecasts and Analysis - By Countries
9.1.5.1 United States Modular Steel Construction Market
9.1.5.1.1 United States Modular Steel Construction Market by Construction Type
9.1.5.1.2 United States Modular Steel Construction Market by Building Type
9.1.5.2 Canada Modular Steel Construction Market
9.1.5.2.1 Canada Modular Steel Construction Market by Construction Type
9.1.5.2.2 Canada Modular Steel Construction Market by Building Type
9.1.5.3 Mexico Modular Steel Construction Market
9.1.5.3.1 Mexico Modular Steel Construction Market by Construction Type
9.1.5.3.2 Mexico Modular Steel Construction Market by Building Type
9.2. EUROPE
9.2.1 Europe Modular Steel Construction Market Overview
9.2.2 Europe Modular Steel Construction Market Forecasts and Analysis
9.2.3 Europe Modular Steel Construction Market Forecasts and Analysis - By Construction Type
9.2.4 Europe Modular Steel Construction Market Forecasts and Analysis - By Building Type
9.2.5 Europe Modular Steel Construction Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Modular Steel Construction Market
9.2.5.1.1 Germany Modular Steel Construction Market by Construction Type
9.2.5.1.2 Germany Modular Steel Construction Market by Building Type
9.2.5.2 France Modular Steel Construction Market
9.2.5.2.1 France Modular Steel Construction Market by Construction Type
9.2.5.2.2 France Modular Steel Construction Market by Building Type
9.2.5.3 Italy Modular Steel Construction Market
9.2.5.3.1 Italy Modular Steel Construction Market by Construction Type
9.2.5.3.2 Italy Modular Steel Construction Market by Building Type
9.2.5.4 United Kingdom Modular Steel Construction Market
9.2.5.4.1 United Kingdom Modular Steel Construction Market by Construction Type
9.2.5.4.2 United Kingdom Modular Steel Construction Market by Building Type
9.2.5.5 Russia Modular Steel Construction Market
9.2.5.5.1 Russia Modular Steel Construction Market by Construction Type
9.2.5.5.2 Russia Modular Steel Construction Market by Building Type
9.2.5.6 Rest of Europe Modular Steel Construction Market
9.2.5.6.1 Rest of Europe Modular Steel Construction Market by Construction Type
9.2.5.6.2 Rest of Europe Modular Steel Construction Market by Building Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Modular Steel Construction Market Overview
9.3.2 Asia-Pacific Modular Steel Construction Market Forecasts and Analysis
9.3.3 Asia-Pacific Modular Steel Construction Market Forecasts and Analysis - By Construction Type
9.3.4 Asia-Pacific Modular Steel Construction Market Forecasts and Analysis - By Building Type
9.3.5 Asia-Pacific Modular Steel Construction Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Modular Steel Construction Market
9.3.5.1.1 Australia Modular Steel Construction Market by Construction Type
9.3.5.1.2 Australia Modular Steel Construction Market by Building Type
9.3.5.2 China Modular Steel Construction Market
9.3.5.2.1 China Modular Steel Construction Market by Construction Type
9.3.5.2.2 China Modular Steel Construction Market by Building Type
9.3.5.3 India Modular Steel Construction Market
9.3.5.3.1 India Modular Steel Construction Market by Construction Type
9.3.5.3.2 India Modular Steel Construction Market by Building Type
9.3.5.4 Japan Modular Steel Construction Market
9.3.5.4.1 Japan Modular Steel Construction Market by Construction Type
9.3.5.4.2 Japan Modular Steel Construction Market by Building Type
9.3.5.5 South Korea Modular Steel Construction Market
9.3.5.5.1 South Korea Modular Steel Construction Market by Construction Type
9.3.5.5.2 South Korea Modular Steel Construction Market by Building Type
9.3.5.6 Rest of Asia-Pacific Modular Steel Construction Market
9.3.5.6.1 Rest of Asia-Pacific Modular Steel Construction Market by Construction Type
9.3.5.6.2 Rest of Asia-Pacific Modular Steel Construction Market by Building Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Modular Steel Construction Market Overview
9.4.2 Middle East and Africa Modular Steel Construction Market Forecasts and Analysis
9.4.3 Middle East and Africa Modular Steel Construction Market Forecasts and Analysis - By Construction Type
9.4.4 Middle East and Africa Modular Steel Construction Market Forecasts and Analysis - By Building Type
9.4.5 Middle East and Africa Modular Steel Construction Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Modular Steel Construction Market
9.4.5.1.1 South Africa Modular Steel Construction Market by Construction Type
9.4.5.1.2 South Africa Modular Steel Construction Market by Building Type
9.4.5.2 Saudi Arabia Modular Steel Construction Market
9.4.5.2.1 Saudi Arabia Modular Steel Construction Market by Construction Type
9.4.5.2.2 Saudi Arabia Modular Steel Construction Market by Building Type
9.4.5.3 U.A.E Modular Steel Construction Market
9.4.5.3.1 U.A.E Modular Steel Construction Market by Construction Type
9.4.5.3.2 U.A.E Modular Steel Construction Market by Building Type
9.4.5.4 Rest of Middle East and Africa Modular Steel Construction Market
9.4.5.4.1 Rest of Middle East and Africa Modular Steel Construction Market by Construction Type
9.4.5.4.2 Rest of Middle East and Africa Modular Steel Construction Market by Building Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Modular Steel Construction Market Overview
9.5.2 South and Central America Modular Steel Construction Market Forecasts and Analysis
9.5.3 South and Central America Modular Steel Construction Market Forecasts and Analysis - By Construction Type
9.5.4 South and Central America Modular Steel Construction Market Forecasts and Analysis - By Building Type
9.5.5 South and Central America Modular Steel Construction Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Modular Steel Construction Market
9.5.5.1.1 Brazil Modular Steel Construction Market by Construction Type
9.5.5.1.2 Brazil Modular Steel Construction Market by Building Type
9.5.5.2 Argentina Modular Steel Construction Market
9.5.5.2.1 Argentina Modular Steel Construction Market by Construction Type
9.5.5.2.2 Argentina Modular Steel Construction Market by Building Type
9.5.5.3 Rest of South and Central America Modular Steel Construction Market
9.5.5.3.1 Rest of South and Central America Modular Steel Construction Market by Construction Type
9.5.5.3.2 Rest of South and Central America Modular Steel Construction Market by Building Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MODULAR STEEL CONSTRUCTION MARKET, KEY COMPANY PROFILES
11.1. ATD STEEL STRUCTURE CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BMARKO STRUCTURES LLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DELUXE MODULAR
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HENAN BEBON STEEL CO. LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MODULA CONSTRUCTION UK
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MODULAR STEEL SYSTEMS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SMC CONSTRUCTION SOLUTIONS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUPERSTRUCT APS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VANGUARD MODULAR BUILDING SYSTEMS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. Z MODULAR ZEKELMAN INDUSTRIES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ATD Steel Structure Corporation2. BMarko Structures LLC3. Deluxe Modular4. Henan BEBON Steel Co. Ltd5. Modula Construction UK6. Modular Steel Systems Inc.7. SMC Construction Solutions8. Superstruct ApS9. Vanguard Modular Building Systems10. Z Modular Zekelman Industries
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For