The Asia Pacific modular construction market is projected to reach USD 57.74 billion by 2030 from USD 40.56 billion in 2025, at a CAGR of 7.32% during the forecast period.  The report provides accurate market outlook in relation to CAGR, market size by value and volume, market shares and asia pacific modular construction market trends & forecast. The Asia Pacific modular construction market is expected to expand, driven by the rapid growth in urban population and increasing demand for more cost-effective and faster solutions in building projects across both developing and developed economies. The government is promoting efforts in prefabrication, sustainability, and affordable housing, which are increasing their adoption. Modular construction also saves a significant amount of time on project schedules and requires less manpower compared to the conventional process, which has numerous drawbacks.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253396062

The Asia Pacific modular construction market is studied in six countries, namely, China, Japan, India, Australia & New Zealand, South Korea, and Rest of Asia Pacific. China is the leading country in the Asia Pacific modular construction market due to its enormous production capacity, high government policies supporting prefabrication, and rapid urbanization. Modular solutions continually require substantial investment in housing, healthcare, and infrastructure construction projects. The low cost of producing modular units in China enhances the country’s regional dominance. The volumetric modular construction and smart building systems further enhance its leadership with technological advancement.

The Asia Pacific modular construction market is segmented by material into concrete, steel, and wood. Wood is a leading material due to its lightness, affordability, and the ability to be used in modular construction processes. It is also environmentally friendly, a criterion for a green building that is being advanced in the Asia Pacific. Wood is also favorable for rapid construction and design flexibility, and is applicable in residential buildings and low- to mid-rise buildings.

The Asia Pacific modular construction market is segmented by end-use industry into residential, retail & commercial, healthcare, education, hospitality, office, and other end-use industries. Residential is the leading end-use industry, due to the increased demand for high-quality and low-cost housing that urbanization brings in China, India, Japan, and Southeast Asia. The government housing programs are now basing themselves on the modular approach as a way to ensure that deadlines and sustainability targets are met.

The major players in the Asia Pacific modular construction market with a significant global presence are Sekisui House (Japan), Daiwa House Industry (Japan), China State Construction Engineering Corporation (China), Broad Group (China), and Lendlease (Australia). Market competitors in the Asia Pacific modular construction industry are focusing on forming strategic partnerships and entering new regional markets.

The major players in the Asia Pacific modular construction market with a significant global presence are Sekisui House (Japan), Daiwa House Industry (Japan), China State Construction Engineering Corporation (China), Broad Group (China), and Lendlease (Australia). These companies are focusing on strategic partnerships and regional collaborations. 

Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=253396062

Lendlease Corporation is an international property and infrastructure group. It creates and delivers sustainable and innovative property and infrastructure solutions. The company operates its business through three segments, namely, construction, development, and investments. Modular construction projects are mainly carried out under the construction and development segments. It operates primarily in the residential, retail, office, defense, healthcare, and transportation sectors, providing design, project management, and construction services. The company conducts detailed evaluations to determine and provide the best value solutions for every project, whether that entails conventionally constructing the components or prefabricating/modularizing them. It has a strong global presence, with operations in Australia, the Americas, Asia, and Europe. In December 2015, Lendlease launched its manufacturing business, DesignMake, which combines smart design and advanced manufacturing processes to make customized building components. 

The Broad Group, founded in 1988 in China, is a privately owned enterprise headquartered in Changsha. With a presence in over 80 countries, the Broad Group exports products globally. Broad Holon Co., Ltd., a subsidiary, specializes in manufacturing factory-made stainless-steel B-CORE Holon buildings with the mission of providing exceptional housing for all. Notably, Broad Group achieved a remarkable feat by constructing a 10-story apartment building in just 28 hours and 45 minutes in Changsha, China. According to the company, this building can be disassembled and relocated to another site. Additionally, Broad Group asserts that its construction system is capable of erecting high-rise buildings reaching heights of up to 200 stories.