Europe Modular Construction Companies (2024 - 2029)

Europe Modular Construction Market Companies Summary

The European modular construction industry is highly fragmented, with no single entity holding a substantial market share to influence the sector. The major players in this market have been significantly impacted by the COVID-19 pandemic, which caused economic turmoil and uncertainty, leading to a halt in construction activities and a decline in new residential and non-residential development. This resulted in reduced demand for modular construction. Moreover, the high initial investment required for large-scale production and the risk of project failure during transportation of the finished construction model have posed challenges to the growth of these businesses. Despite these challenges, the modular construction market is expected to grow due to the increasing demand for permanent modular construction, which offers time and cost savings compared to traditional construction methods. The growing need for high-quality, eco-friendly homes across Europe presents an opportunity for these businesses to expand. Commercial buildings, including modular office buildings and storage spaces, represent a strong segment of the modular construction market in Europe. In Germany, the largest construction industry in Europe, the prefabricated building industry is experiencing significant growth, particularly in the residential sector. This growth in the construction industry is likely to drive demand for modular buildings.