The global market for modular construction is expected to grow under rapid urbanization in developing countries. In 2017, expenditures on modular construction in Europe and the United States totaled about 277 billion U.S. dollars for multifamily buildings.
Expenditure on modular construction in the U.S. and Europe in 2017, by building type
(in billion U.S. dollars)
European countries included: Austria, Belgium, Czechia, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Netherlands, Norway, Poland,
Portugal, Slovakia, Spain, Sweden, Switzerland, UK.
Includes only new building projects. Renovation/maintenance projects are less suitable for modular construction, but offˆer other productivity gain potential.
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McKinsey & Company. (June 13, 2019). Expenditure on modular construction in the U.S. and Europe in 2017, by building type (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1059917/europe-us-modular-construction-spending-by-building/
McKinsey & Company. "Expenditure on modular construction in the U.S. and Europe in 2017, by building type (in billion U.S. dollars)." Chart. June 13, 2019. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1059917/europe-us-modular-construction-spending-by-building/
McKinsey & Company. (2019). Expenditure on modular construction in the U.S. and Europe in 2017, by building type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1059917/europe-us-modular-construction-spending-by-building/
McKinsey & Company. "Expenditure on Modular Construction in The U.S. and Europe in 2017, by Building Type (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Jun 2019, https://www.statista.com/statistics/1059917/europe-us-modular-construction-spending-by-building/
McKinsey & Company, Expenditure on modular construction in the U.S. and Europe in 2017, by building type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1059917/europe-us-modular-construction-spending-by-building/ (last visited December 21, 2024)
Expenditure on modular construction in the U.S. and Europe in 2017, by building type (in billion U.S. dollars) [Graph], McKinsey & Company, June 13, 2019. [Online]. Available: https://www.statista.com/statistics/1059917/europe-us-modular-construction-spending-by-building/
