Modular Construction Market Report Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The modular construction market was estimated at USD 95.43 billion in 2022 and is likely to grow at a CAGR of 5.73% during 2023-2028 to reach USD 134.22 billion in 2028. The major factor leading to the progress of the market is infrastructure spending by the global and regional economies. Further, it is estimated that spending on infrastructure and capital projects will increase substantially over the next decade.