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The modular and prefabricated non-residential building construction market is expected to grow from $62.57 billion in 2021 to $67.04 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The market is expected to grow to $88.2 billion in 2026 at a CAGR of 7.1%.

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Modular And Prefabricated Nonresidential Building Construction Market Driver

The global modular and prefabricated nonresidential building construction market is expected to grow in the forecast period due to an increase in urbanisation and industrialization.

Modular And Prefabricated Nonresidential Building Construction Market Trends

The construction industry is considered to be slow and conservative in adopting innovative and new technologies. The construction sector comprises numerous small suppliers, and the R&D budget is also limited in comparison to other sectors.

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Modular And Prefabricated Nonresidential Building Construction Market Segmentation By The Business Research Company

1) By Type: Standard Metal, Agricultural Metal, Modular Nonmetal, Panelized Precast Nonmetal

2) By Application: Institutional, Industrial, Commercial, Agricultural

3) By End User: Private, Public

Major Players And Regions Of The Modular And Prefabricated Nonresidential Building Construction Market

Major players in the modular and prefabricated non-residential building construction market are Algeco Scotsman; Butler Manufacturing Company, Inc.; Champion Home Builders, Inc.; Red Sea Housing; Lindal Cedar Homes; Kirby Building Systems; Alan Pre-Fab Building Corp.; ALHO Systembau GmbH; Allied Modular Building Systems Inc.; American Buildings Company.

Asia Pacific was the largest region in the modular and prefabricated non-residential building construction market in 2021 and is expected to be the fastest-growing region in the forecast period.

The Modular And Prefabricated Nonresidential Building Construction Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the modular and prefabricated non-residential building construction market.

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