EUROPE MODULAR CONSTRUCTION MARKET FORECAST 2023-2032

The Europe modular construction market growth assessment includes the analysis of the United Kingdom, Italy, France, Germany, Poland, Spain, Belgium, and Rest of Europe. In the United Kingdom, modular construction is becoming increasingly popular as a feasible way to build affordable houses. This is further supplemented by housing scarcity and the rising population. Also, the UK’s top investors, building firms, and developers are exploring modular housing options. 

Additionally, modular construction is evaluated to play a major role in the UK as the government plans to build around 300,000 new houses annually to address the challenges in the housing market. Besides, the renewed emphasis on modernizing healthcare infrastructure, significant investments in domestic housing development, and continuous shortage of skilled labor propel growth opportunities for the United Kingdom modular construction market. 

Whereas in Spain, traditional construction companies and investors are recognizing the advantages of offsite solutions in enhancing their business models. Accordingly, industry experts are urging the government to facilitate planning & regulatory policy incentives and subsidies & grants for developers using modular technologies. Such factors drive the Spain modular construction market growth. 

The Europe modular construction market scope includes construction, application, and material. The material segment includes plastic, wood, steel, and concrete. 

Modular concrete constructions include floor slabs, foundations, columns, and precast concrete beams. These are delivered to the construction site and assembled by a skilled worker. The manufacturer predesigns and precuts the gaps for window and door frames. Since precast concrete construction takes longer than steel and timber construction, it is used for varied structures. These include schools, medical & hospital facilities, multi-unit housing, retail shopping complexes, and major office buildings. 

In addition, concrete is among the most utilized building material in the modular construction sector. When reinforced with proper steel and fiber, concrete buildings are optimal for modular construction. Accordingly, the growing construction of high-rise structures and properties resistant to chemical & natural damages propel the demand for concrete in modular construction.

One of the recent developments with regard to the concrete segment is the use of 3D concrete printing. It is a building technology that creates 3D structures for modular buildings using CNC equipment and robots. As a result, some modular construction companies are investing in this technology to expedite the building process.

Furthermore, the modular building market is witnessing the emergence of wood as a widespread, viable substitute for conventional materials. It is frequently used in modular construction due to its remarkable qualities, including low toxicity, lightweight, and high durability. Also, it is readily biodegradable and recyclable by nature. In addition, versatility, weight, and cost-efficiency make wood a feasible choice for relocatable buildings or permanent modular buildings. 

Moreover, construction projects using wood modules reduce energy waste. Also, construction using wood offers higher insulation than concrete or steel, given its cellular structure that retains thermal energy. Besides, wood-framed structures enable high electrical shock absorption. 

Some of the prominent players in the Europe modular construction market are ACS Actividades de Construccion y Servicios SA, Balfour Beatty PLC, Astron, Berkeley Group (Berkeley Modular), etc.

ACS Actividades de Construccion y Servicios SA offers engineering & construction services. It specializes in civil work projects. It operates in the environment, industrial services, and construction segments. The construction segment caters to non-residential buildings, residential buildings, and civil works. The company has its headquarters in Madrid, Spain.