Global Modular Construction Market Projected to Reach $161.02 Billion By 2030

LAS VEGAS, Sept. 25, 2026 (GLOBE NEWSWIRE) -- USA News Group News Commentary - Factory-built housing continues to draw attention as the U.S. affordability squeeze persists. According to The Business Research Company, the global modular construction market is expected to grow from $116.81 billion in 2026 to $161.02 billion by 2030, a compound annual growth rate (CAGR) of 8.4%. The firm lists growing adoption of automated modular manufacturing and the expansion of permanent modular housing projects among the drivers of that growth. Active Companies from around the markets with current developments this week include: BOXABL Inc. (NASDAQ: BXBL), Champion Homes, Inc. (NYSE: SKY), Cavco Industries, Inc. (NASDAQ: CVCO), D.R. Horton, Inc. (NYSE: DHI), and Lennar Corporation (NYSE: LEN).

Other research houses size the market differently but point the same way. Grand View Research values the global modular construction market at $111.1 billion in 2025 and projects it will grow from $119.4 billion in 2026 to $207.8 billion by 2033, a CAGR of 8.2%, citing growing demand for affordable housing among the factors behind that growth. For the U.S. alone, Technavio expects the modular construction market to grow by approximately $7.55 billion between 2026 and 2030 at a CAGR of 6.3%, and names BOXABL among the key vendors in that market.