Nice — I pulled together a concise, source-backed reference for the Modular Construction Market: top companies (with public values where available), market-size snapshots, recent developments, drivers, restraints, regional segmentation, emerging trends, top use cases, major challenges, attractive opportunities, and the key factors that will expand the market. I used market reports, industry groups and news coverage — citations follow each key point so you can dig deeper.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Modular Construction market.

Read complete report at: https://www.thebrainyinsights.com/report/modular-construction-market-12952

1) Top companies (with values where publicly reported)

Note: most large construction groups don’t break out “modular” revenue separately; I list company-level revenues where available and indicate each firm’s modular focus.

  • Clayton Homes (Berkshire Hathaway) — major manufactured/modular housing player; reported revenue: ~USD 12.4 billion (2024) (Clayton is a dominant player in manufactured/modular homes in the U.S.). 

  • Skyline Champion (Champion Homes) — large U.S. manufacturer of factory-built homes and modular units; net sales ≈ USD 2.4–2.6 billion (FY 2024 / TTM). 

  • Laing O’Rourke — global construction group with modular/offsite capability (major infrastructure & volumetric solutions); revenue reported in company filings (modular part of larger construction revenues). 

  • Skanska, Bouygues Construction, Lendlease — large contractors increasingly delivering modular/volumetric projects (company-level revenues are public; modular is a growing business line). 

  • Guerdon Modular, Red Sea Housing, Modulaire (Unibep/Algeco group), FullStack Modular, Factory OS — specialist modular manufacturers / system integrators (many are private; revenues vary by firm and are often available in private reports or company press releases). 

If you want, I can extract a top-20 vendor table with headquarter, segment (volumetric/panelized/bridge/modular homes/industrial modules) and public revenue or disclosed backlog — I can pull company filings and press releases for each.

2) Market-size headline numbers (range from reputable houses)

  • Grand View Research: global modular construction market estimated USD 103.6 billion (2024) → USD 162.4 billion by 2030 (CAGR ~7.9% 2025–2030).

  • MarketsandMarkets: USD 104.1 billion (2024) → USD 140.8 billion by 2029, CAGR ~6.2%.

  • Mordor Intelligence: projects ~USD 91.3 billion (2025) and growth to ~USD 122.2 billion (2030) (CAGR ~6.0%). 

  • Fortune Business Insights: reporting an alternate estimate (example: USD 89.4B 2024 → projection in 2025–2032 range shown in their summary).

Takeaway: published estimates are consistent in showing a large (low-hundreds of billions) market today and mid-single-digit to high-single-digit CAGRs through the late 2020s. Differences stem from how reports define the scope (prefab + panelized + modular + offsite services vs. strictly volumetric modules). 

3) Recent developments (2023–2025)

  • Governments and large programs are explicitly supporting offsite/modular methods for rapid delivery of housing and public facilities (example: Australia announced targeted funding and certification for prefabrication). 

  • Industrial sectors (notably LNG and energy) are adopting modular construction for plant skids and modules to control cost and schedule — several U.S. LNG projects moved to modular builds in 2025. 

  • Factory expansions and new modular factories (e.g., FullStack Modular opening large U.S. factories) show capacity scaling in North America. 

  • Industry analysis and consultancies (McKinsey et al.) report that digital tools, platform-based supply chains, and improved customization are enabling modular to scale beyond niche building types.

4) Drivers

  • Labor shortages & on-site productivity pressures — offsite fabrication reduces on-site headcount and schedule risk. 

  • Need for speed & schedule certainty — developers use modular to shave months off programs. 

  • Sustainability and waste reduction — factory control reduces material waste and improves energy performance. 

  • Government housing targets & public procurement favoring fast, repeatable modular solutions. 

5) Restraints

  • Logistics & transportation limits (module size, route constraints, handling risk).

  • Upfront capital & factory investment — building factories requires large CAPEX and steady project pipeline to achieve economics. 

  • Design / regulatory fragmentation — building codes, permitting and local approvals are not yet harmonized for offsite modules in many jurisdictions. 

  • Perception & financing — lenders historically wary of offsite assets; perceptions of quality or resale remain barriers in some markets.

6) Regional segmentation (high level)

  • North America — large OEMs (Clayton, Skyline, Guerdon), expanding factory network and public/private housing programs; reported strong share of the market and growing factory capacity. (North America modular market projections also show healthy growth). 

  • Europe — established offsite adoption in Nordic & UK markets; major contractors (Skanska, Bouygues, Laing O’Rourke) scaling volumetric projects and panelized systems. 

  • Asia-Pacific — projected fastest growth in many reports (China’s factory capacity, Australia policy pushes and large housing programs). 

  • Middle East / Africa & Latin America — modular used for remote sites, worker camps and rapid infrastructure; growth tied to energy projects and public programs. 

7) Emerging trends

  • From one-off modules → platform families: standard platform modules with configurable finishes to cut design time. 

  • Digital twins & factory automation — BIM-driven offsite manufacturing and automated production lines.

  • Hybrid solutions (timber + volumetric + panelized) to unlock mid-rise and mixed-use projects.

  • Industrial modularization expanding beyond buildings into process plants (LNG, petrochemicals). 

8) Top use cases

  • Multifamily / affordable housing (fast delivery and repeatable units).

  • Student & workforce accommodation, hotels & hospitality (quick openings). 

  • Healthcare facilities / clinics — modular wings and repeatable patient rooms. 

  • Industrial modules (LNG skids, packaged plants), remote workforce camps and disaster relief housing. 

9) Major challenges

  • Scaling consistent project pipelines to keep factories busy and amortize CAPEX. 

  • Transport & on-site installation complexity (lifting, tolerance fit and weather logistics). 

  • Workforce skill shift — need for factory technicians and systems integrators rather than just carpenters on site. 

10) Attractive opportunities

  • Government affordable-housing programs and guaranteed procurement volumes. 

  • Industrial modularization (energy & process plants) — strong capex projects shifting offsite to control costs.

  • Platform product companies that sell repeatable module families + services (turnkey + O&M).

  • Retrofit & scale-up of factory capacity in regions with labor shortages to offer time & cost advantages.

11) Key factors that will expand the market

  1. Stable, pipeline-backed demand (government housing targets, institutional pipelines) to justify factory CAPEX.

  2. Regulatory harmonization & fast-track permitting for offsite methods. 

  3. Further automation & digital integration (BIM + factory automation) to lower unit costs. 

  4. Better financing products for modular projects (lender familiarity, standardized warranties).

Representative sources (pick a few to read)

  • Grand View Research — Modular Construction Market report (market size / CAGR).

  • MarketsandMarkets — modular construction sizing and segmentation. 

  • Mordor Intelligence — market forecast and drivers.

  • Modular Building Institute / Offsite Construction Network — industry stats and manufacturer data (market share of new starts; factory revenue averages).

  • Reuters — modularization of U.S. LNG projects (example of industrial adoption).

  • McKinsey — analysis on unlocking modular construction scale with digital & platform approaches. 

Would you like one of these next steps? (I’ll pull the numbers and build it now.)

  1. Top-20 vendor table (CSV/Excel) — vendor, HQ, modular segment (volumetric/panelized/industrial), latest disclosed revenue or backlog (where public).

  2. 1-page market brief (PDF) — three forecast curves (Grand View / MarketsandMarkets / Mordor), 3 go-to-market plays and a vendor shortlist.

  3. Regional deep dive (North America / Europe / APAC) — regional market sizes, CAGR, 3 case studies per region (with cited project examples).

Pick one and I’ll produce it immediately.