The global construction industry experienced a 47% decline in the number of modular construction-related patent applications in Q4 2023 compared with the previous quarter. The total number of modular construction-related grants dropped by 3% in Q4 2023, according to GlobalData’s Patent Analytics. GlobalData’s databook Construction: Patents Trends Q4 2023 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
Notably, the number of modular construction-related patent applications in the construction industry was 75 in Q4 2023, versus 142 in the prior quarter.
The top five companies accounted for 13% of patenting activity
Analysis of patenting activity by companies shows that Sekisui House filed the most modular construction patents within the construction industry in Q4 2023. The company filed 3 modular construction-related patents in the quarter, compared with 8 in the previous quarter. It was followed by LIXIL with 2 modular construction patent filings, Kohler (2 filings), and Shepherd Building Group (2 filings) in Q4 2023.
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Patenting activity was driven by China with a 47% share of total patent filings
The largest share of modular construction related patent filings in the construction industry in Q4 2023 was in China with 47%, followed by the US (11%) and Japan (9%). The share represented by China was 20% lower than the 66% share it accounted for in Q3 2023.
For further understanding of GlobalData's Construction: Patents Trends Q4 2023, buy the databook here.
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