Reed Intelligence has released a comprehensive report on the Global Modular Homes Market, revealing strong growth prospects driven by rising demand for affordable, sustainable, and rapidly constructed housing. According to the report, the market is expected to grow at a compound annual growth rate (CAGR) of ~6.2% between 2023 and 2031.

Key Highlights

Market Drivers
The report identifies several major factors fueling modular home market growth:

The need for affordable housing

Increased focus on sustainability and green building materials

High customization potential

Speed of construction compared to traditional homes

Key Players
Reed Intelligence highlights a competitive landscape dominated by established modular home companies, including:

Bouygues Construction

Lendlease Corporation

Laing O’Rourke

Seikisui House

Clayton Homes

Champion Modular

Modular Space Corporation

Daiwa House

Cavco Industries, Inc.

Algeco Scotsman

Red Sea Housing

Redman Homes

Fleetwood Australia

Kwikspace Modular Buildings

Horizon North Logistics

Kleusberg GmbH

Katerra (KEE)

Pleasant Valley Homes

Alta-Fab Structures

Art’s Way Manufacturing

NRB Inc.

Wernick Group

Westchester Modular Homes

Modscape

Pratt Construction Inc.

Koma Modular

New Era Homes

Guerdon Enterprises

Hickory Group

Lebanon Valley Homes

Recent Developments
While Reed Intelligence’s publicly available summary does not list very granular, company-level news, it highlights broad market developments such as:

Growing integration of smart-home systems with modular builds

Increasing adoption of sustainable materials and technologies 

Modular design tailored to niche segments like tiny homes and vacation homes 

Segmentation
Reed Intelligence segments the modular homes market as follows:

By Type:

Volumetric modular construction

Panelized construction (non-volumetric)

By Application:

Residential

Commercial

Industrial

Others

By Region:

North America

Europe

Asia-Pacific

LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence

Reed Intelligence is a market research firm specializing in providing in-depth analysis, forecasts, and strategic insights across multiple sectors, including construction and infrastructure. Report on Modular Homes gives stakeholders a detailed view of market dynamics, major players, segmentation, and future growth opportunities.

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