Modular & Prefabricated Construction Market Strengthened by Labor Shortages
Future Market Insights (FMI) reports that the global modular and prefabricated construction market is on a trajectory of sustained expansion, forecast to grow from USD 173.5 billion in 2025 to USD 302.0 billion by 2035 , registering a steady CAGR of 5.7% . The sector’s growth is fueled by increasing demand for efficient, sustainable, and rapid construction solutions across major economies — notably in Asia-Pacific (APAC), Europe, the United States, and Saudi Arabia . As global construction transitions toward offsite methodologies, modular and prefabricated systems are becoming central to addressing urban housing shortages, cost inflation, and project delays . FMI’s data-driven insights reveal a rise in adoption across residential, commercial, and industrial projects, marking a pivotal shift toward factory-built construction models that prioritize speed, scalability, and quality control. Consistent Global Growth Supported by Sustainability and Efficiency Goals According to FMI’s...