India Modular Construction Market Expected to Hit a Valuation of USD 4.9 Billion During 2024-2032
India Modular Construction Market Overview Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 6.30% (2024-2032) Market Size in 2023: USD 2.8 Billion Market Size in 2032: USD 4.9 Billion India modular construction market is rapidly growing, offering efficient, cost-effective building solutions with reduced construction time. According to the latest report by IMARC Group, the market reached USD 2.8 Billion in 2023 . Looking forward, IMARC Group expects the market to reach USD 4.9 Billion by 2032 , exhibiting a growth rate (CAGR) of 6.30% during 2024-2032. India Modular Construction Market Trends and Drivers: Rising demand for cost-effective and time-efficient building solutions Key factors driving market growth. Rapid urbanization and increased need for housing and infrastructure Requires faster construction methods without compromising quality. Modular construction as a viable solution Involves prefabricating components in factories and assemblin