Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
North America Modular Construction Market: By Type, By Material, By Module, By End User and Country
North America Modular Construction Market: By Type, By Material, By Module, By End User and Country
North America Modular Construction Market size is valued at US$ million in 2021 and is expected to reach a value of US$ million by 2028, growing at a CAGR of 7.3% during the forecast period 2022 to 2028. The North America market provides a detailed overview of the market and that can be segmented by type, material, module, and end-user. By type, the modular construction market has been segmented into permanent and relocatable.
The permanent segment is likely to be the largest and fastest-growing segment in terms of type. By material, the market is segmented into steel, concrete, and wood. Concrete held a considerable market share during the estimated period. Based on module, the modular construction market is segmented into four-sided, open-sided, mixed modules & floor cassettes, and others. Among these, the four-sided segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-users, the market is segregated into residential, retail & commercial, education, healthcare, and hospitality. The residential segment is likely to be the largest and fastest-growing segment in the market.
In January 2018, in a Series D fundraising round spearheaded by SoftBank, Katerra raised US$ 865 million.
Rising demand for prefabricated building structures, as well as a growing focus on reducing overall construction cost and time, are driving the modular construction industry in North America. Furthermore, the expanding number of infrastructure projects, such as healthcare facilities, corporate structures, contemporary housing centers, educational institutes, and so on, is propelling the market growth. In addition, rising environmental concerns over increased carbon emissions from traditional construction methods are driving demand for modular construction in the region.
|
Report Benchmarks |
Details |
|
By Type |
|
|
By Material Type |
|
|
By Module |
|
Download Free Sample Report
The CAGR of the North America Modular Construction Market is 7.3% over the forecast period (2022 – 2028)
The major players in the North America modular construction market are Modular Solutions Inc., Carolina Modular Buildings, Westchester Modular Homes, HUNTINGTON HOMES, Plant Prefab, Dvele, Icon Legacy Custom Modular Homes, LLC, ZModular, Creative Modular Buildings, Inc., KCON and ATCO.
| 1. Executive Summary |
| 2. North America Modular Construction Market Introduction |
| 2.1. North America Modular Construction Market – Taxonomy |
| 2.2. North America Modular Construction Market –Definitions |
| 2.2.1. By Type |
| 2.2.2. By Material |
| 2.2.3. By Module |
| 2.2.4. By End User |
| 2.2.5. By Country |
| 3. North America Modular Construction Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. North America Modular Construction Market Dynamic Factors - Impact Analysis |
| 3.6. North America Modular Construction Market – Competition Landscape |
| 4. North America Modular Construction Market Analysis, 2017-2021 and Forecast, 2022-2028 |
| 4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. North America Modular Construction Market, By Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1. Permanent |
| 5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Relocatable |
| 5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. North America Modular Construction Market, By Material, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1. Steel |
| 6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Wood |
| 6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Concrete |
| 6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. North America Modular Construction Market, By Module, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1. Four- Sided |
| 7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Open- Sided |
| 7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Sales Mixed modules & floor cassettes |
| 7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. North America Modular Construction Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.1. Residential |
| 8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Retail & Commercial |
| 8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Education |
| 8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Healthcare |
| 8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Hospitality |
| 8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Modular Construction Market Forecast, By Country, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 9.1. U.S. |
| 9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Canada |
| 9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. North America Modular Construction Market - Opportunity Analysis Index, By Type, Material, Module, End User, and Region, 2022-2028 |
| 10. U.S. Modular Construction Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 10.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Permanent |
| 10.1.2. Relocatable |
| 10.2. Material Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Steel |
| 10.2.2. Concrete |
| 10.2.3. Wood |
| 10.3. Module Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Four-sided |
| 10.3.2. Open-sided |
| 10.3.3. Mixed modules & floor cassettes |
| 10.3.4. Others |
| 10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Residential |
| 10.4.2. Retail & Commercial |
| 10.4.3. Education |
| 10.4.4. Healthcare |
| 10.4.5. Hospitality |
| 10.5. U.S. Modular Construction Market - Opportunity Analysis Index, By Type, Material, Module, End User, 2022-2028 |
| 10.6. North America Modular Construction Market Dynamics – Trends |
| 11. Canada Modular Construction Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) |
| 11.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Permanent |
| 11.1.2. Relocatable |
| 11.2. Material Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Steel |
| 11.2.2. Concrete |
| 11.2.3. Wood |
| 11.3. Module Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Four-sided |
| 11.3.2. Open-sided |
| 11.3.3. Mixed modules & floor cassettes |
| 11.3.4. Others |
| 11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Residential |
| 11.4.2. Retail & Commercial |
| 11.4.3. Education |
| 11.4.4. Healthcare |
| 11.4.5. Hospitality |
| 11.5. Canada Modular Construction Market - Opportunity Analysis Index, By Type, Material, Module, End User, and Country, 2022-2028 |
| 11.6. Canada Modular Construction Market Dynamics – Trends |
| 12. Competition Landscape |
| 12.1. Strategic Dashboard of Top Market Players |
| 12.2. Company Profiles (Introduction, Financial Analysis, Key Service Types, Key Developments, Strategies, and SWOT Analysis) |
| 12.2.1. Modular Solutions Inc. |
| 12.2.2. Carolina Modular Buildings |
| 12.2.3. Westchester Modular Homes |
| 12.2.4. HUNTINGTON HOMES |
| 12.2.5. Plant Prefab |
| 12.2.6. Dvele |
| 12.2.7. Icon Legacy Custom Modular Homes, LLC |
| 12.2.8. ZModular |
| 12.2.9. Creative Modular Buildings, Inc. |
| 12.2.10. KCON |
| 12.2.11. ATCO |
| 13. Research Methodology |
| 14. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.