DUBLIN — (BUSINESS WIRE) — September 23, 2024 — The "North America Modular Construction Market Report by Division (Permanent Modular Construction (PMC), Relocatable Buildings (RB)), Sector (Public, Residential, Commercial, and Others), Material (Wood, Concrete, Steel, and Others), and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The North America modular construction market size reached US$ 27.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 42.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.0% during 2023-2032.
The increasing demand for prefabricated building structures along with growing focus on reducing overall construction cost and time is primarily driving the market for modular construction in North America. Furthermore, the rising number of infrastructure projects, including healthcare facilities, corporate buildings, modern housing centers, educational institutes, etc., is also propelling the market growth.
Additionally, the rising environmental concerns towards increasing level of carbon emissions from conventional construction methods are further driving the demand for modular construction in the region. The introduction of numerous government initiatives for promoting the construction of green buildings across the United States and Canada, is also catalyzing the market. Moreover, the high prevalence of extreme cold weather in the region leading to shorter daytime and heavy snowfall that inhibit on-site construction methods is also propelling the need for modular construction.
Moreover, the growing integration of numerous advanced technologies with prefabrication methods, such as 3D printing, artificial intelligence, Building Information Modeling (BIM) etc., are expected to further drive the market for modular construction in North America.
Key Questions Answered in This Report
- What was the size of the North America modular construction market in 2023?
- What is the expected growth rate of the North America modular construction market during 2024-2032?
- What are the key factors driving the North America modular construction market?
- What has been the impact of COVID-19 on the North America modular construction market?
- What is the breakup of the North America modular construction market based on the division?
- What is the breakup of the North America modular construction market based on the sector?
- What is the breakup of the North America modular construction market based on the material?
- What are the key regions in the North America modular construction market?
- Who are the key players/companies in the North America modular construction market?
Profiles of Key Players
- Aries Building Systems LLC
- ATCO Ltd.
- Boxx Modular Inc. (Black Diamond Group)
- Mobile Modular Management Corporation (McGrath RentCorp Inc.)
- Modular Genius Inc.
- Satellite Shelters Inc.
- Triumph Modular Corporation
- Vanguard Modular Building Systems LLC
- Vesta Modular
- Willscot Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 125 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $27.3 Billion |
| Forecasted Market Value (USD) by 2032 | $42.2 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | North America |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 North America Modular Construction Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Division
6.1 Permanent Modular Construction (PMC)
6.2 Relocatable Buildings (RB)
7 Market Breakup by Sector
7.1 Public
7.2 Residential
7.3 Commercial
7.4 Others
8 Market Breakup by Material
8.1 Wood
8.2 Concrete
8.4 Others
9 Market Breakup by Country
9.1 United States
9.1.1 Market Trends
9.1.2 Market Breakup by Division
9.1.3 Market Breakup by Sector
9.1.4 Market Breakup by Material
9.1.5 Market Forecast
9.2 Canada
9.2.1 Market Trends
9.2.2 Market Breakup by Division
9.2.3 Market Breakup by Sector
9.2.4 Market Breakup by Material
9.2.5 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
For more information about this report visit https://www.researchandmarkets.com/r/ij0r61
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