Why are more companies building modular structures? Is modular construction cheaper than other methods? What advantages do modular construction techniques bring to the table?

There’s a strong trend toward the modular construction approach—in fact, the global market is expected to reach $175 billion by 2025.

But why are more companies building modular structures? Is modular construction cheaper than other methods? What advantages do modular construction techniques bring to the table?

Modular construction is gaining more attention, and for good reason. Before we dive into the pros and cons, let’s define the modular construction system so we’re all on the same page.

What is modular construction?

Modular construction techniques involve manufacturing the components of a structure in a factory that will later be assembled on-site. You may have heard this described as “off-site construction” or “prefabrication”—these terms are interchangeable with modular construction.

Modular construction follows the same process as other types of building with one significant difference—it takes the most time-consuming parts of a project off-site to improve construction speed. This offers more scalability and makes repetitive volume building possible.