Global High-Rise Modular Construction Market Analysis

The Modular Construction for High-Rise Buildings market size was valued at USD 6.5 billion in 2022. The Modular Construction for High-Rise Buildings market industry is expected to grow from USD 6.86 billion in 2023 to USD 10.614 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.60% during the forecast period (2024-2032). Increasing urbanization and industrialization in developing countries are the major market drivers for the growth of modular construction for high-rise building industry across the globe. Surging population is also expected to have a considerable impact on the market expansion to meet the growing consumer demand.