Modular construction is a method of building in which structures or components are constructed off-site, usually in a factory setting, and then transported to the construction site for assembly. It is gaining traction in the marketplace for several reasons, including increased speed and efficiency, improved quality control, and cost savings.
There is a growing body of evidence to support the increased use of modular construction. A recent report by the Modular Building Institute found that the global modular construction market was valued at $130 billion in 2020 and is expected to grow at a compound annual growth rate of 7.5% from 2021 to 2028. This growth is driven by the increasing demand for sustainable and efficient building methods, as well as the need for faster and more cost-effective construction solutions.
"Modular construction is not for every project. Each specific development and project has to be reviewed with an experience modular team in order to make that call. Some projects sites will not work for modular constructions and others may. Specific projects, especially multi-family, commercial and industry opportunities need an experienced modular pre-construction team, modular architect \ design firm and modular factory within 500 miles from the build site. Many factors must be considered for this type of offsite solution." explains Audree Grubesic, Modular construction consultant with Modular Sure Site.
Additionally, several well-known companies and organizations have embraced modular construction and are using it to build a wide range of structures, including offices, hotels, schools, and housing developments. For example, Marriott International announced in 2019 that it planned to construct 30% of its new hotels using modular construction methods.
Use of modular construction, with the market expected to continue growing in the coming years. The trend is driven by a combination of factors, including increased efficiency, improved quality control, and cost savings, which are contributing to its widespread and sustainable impact in the construction industry.