Notably, the number of modular construction-related patent applications in the construction industry was 90 in Q1 2023, versus 120 in the prior quarter.

The top five companies accounted for 32% of patenting activity

Analysis of patenting activity by companies shows that Sekisui House filed the most modular construction patents within the construction industry in Q1 2023. The company filed 16 modular construction-related patents in the quarter, compared with 2 in the previous quarter. It was followed by TOYOTA Housing with 5 modular construction patent filings, LIXIL (4 filings), and Suzhou Gold Mantis Construction Decoration (2 filings) in Q1 2023.

Patenting activity was driven by China with a 38% share of total patent filings

The largest share of modular construction related patent filings in the construction industry in Q1 2023 was in China with 38%, followed by Japan (32%) and the UK (6%). The share represented by China was 20% lower than the 58% share it accounted for in Q4 2022.

For further understanding of GlobalData's Modular Construction Market Size, Share, Trends and Analysis, and Segment Forecast, 2023-2030 buy the report here.

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GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.