North America Modular Construction Market – Industry Trends and Forecast to 2030

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North America Modular Construction Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Mar 2023
  • North America
  • 350 Páginas
  • Número de tablas: 24
  • Número de figuras: 26

North America Modular Construction Market

Tamaño del mercado en miles de millones de dólares

Tasa de crecimiento anual compuesta (CAGR) :  % Diagram

Diagram Período de pronóstico
2023 –2030
Diagram Tamaño del mercado (año base)
MILLONES DE DÓLARES
Diagram Tamaño del mercado (año de pronóstico)
USD 20,410,223.24
Diagram Tasa de crecimiento anual compuesta (CAGR)
%
Diagram Jugadoras de los principales mercados
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North America Modular Construction Market, By Type (Permanent and Relocatable), Material (Wood, Steel, Concrete, and Others), End-User (Residential, Hospitality, Healthcare, Education, Retail and Commercial, Office, and Others) - Industry Trends and Forecast to 2030.

North America Modular Construction Market

North America Modular Construction Market Analysis and Insights

North America modular construction market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.0% from 2022 to 2030 and is expected to reach USD 20,410,223.24 million by 2030. The major factor driving the growth of the modular construction market is the ease of disassembling helps to deconstruct into parts and can be reconstructed or redistributed to incorporate into various other projects.

North America Modular Construction Market

North America Modular Construction Market

Molecular buildings designed for disassembly would be easier to remove in a more controlled way, causing less environmental harm than building constructed and demolished using traditional construction methods. Modular projects are designed in such a way as to maximize sustainability or to meet a project requirement for future relocation.

The North America modular construction market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Thousand

Segments Covered

By Type (Permanent and Relocatable), Material (Wood, Steel, Concrete, and Others), By End-Use (Residential, Hospitality, Healthcare, Education, Retail and Commercial, Relocatable buildings, Permanent modular, Office, and Others)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

Bechtel Corporation, Skanksa, Fluor Corporation, ATCO LTD., Westchester Modular Homes, CUSTOM SHIPPING CONTAINERS AND MODULAR BUILDINGS, Guerdon, LLC., HONOMOBO, KOMA MODULAR, Modular Engineering, and Northgate Industries Ltd.

Market Definition

Modular construction is a process in which a building is constructed off-site. The building is constructed under controlled conditions using the same design and materials to the same codes and standards as usually built facilities but in around half the time. Buildings are manufactured in "modules" that, when put together on site, and specifications of the most sophisticated site-built facility reflect identical design intent without compromise.

North America Modular Construction Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

  • ABILITY TO COMPLETE PROJECTS QUICKLY COMPARED TO TRADITIONAL ON-SITE BUILDINGS

Construction off-site is transforming the construction process for schools, commercial buildings, hospitals, and other industries, ensuring better construction quality management and quicker delivery times. Modular construction has been utilized for a long time in the construction of residential and many other commercial product types due to the quick delivery times for the assigned project. Modular buildings are constructed off-site in modules and brought to the site in flat-packed panels, ready to build.

  • INCREASE IN PER CAPITA INCOME AND EASY AVAILABILITY OF FINANCES AND LOANS

Growing urbanization and industrialization has led to the growth of the economies. The advantage of using modular and off-site construction as compared with the traditional construction methods are numerous due to its efficiency in delivery, shorter schedules, lower cost, higher quality, and better safety. Modular construction provides a solution to this shortage by enabling more automation. New technologies such as artificial intelligence can help to increase off-site prefabrication—modular construction cuts costs by 20 to 30 percent.

North America Modular Construction Market

Opportunities

  • RISE IN INVESTMENTS AND GROWING DEMAND FOR NEW HOUSING, COMMERCIAL, AND INDUSTRIAL STRUCTURES

The industrialists shifted in preference towards maximizing modular design constructed to create affordable housing. In addition, the real estate sector is among the most globally recognized sectors. It comprises four sub-sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment, the demand for office space, and urban and semi-urban accommodation. Therefore, the real estate sector has witnessed high growth recently with a rise in demand for office and residential spaces.

  • RENEWED FOCUS ON UPGRADING HEALTHCARE INFRASTRUCTURE

Modular construction provides clean and noise-free construction, one factor the healthcare industry is shifting to modular construction for facility space expansion. Most of the buildings are done off-site because the modules are constructed in a manufacturing facility, so there will be less noise at the medical facility, and the patients will face no disturbance. More than ever, owners of hospitals and other healthcare facilities are turning to modular construction for their expansion needs.

Restraints/Challenges

  • SHORTAGE OF SKILLED LABOR IN THE MODULAR CONSTRUCTION INDUSTRY

The major challenge faced by the global modular construction market is the lack of skilled labor in the industry, which hampers the growth of the market to a larger extent. An unskilled labor force negatively impacts project performance. The focus should be on improving and enhancing labor skills, as the construction sector is highly demanding. Performance in any industry is very important in achieving measures to ensure sustainability and competitiveness.

  • FLUCTUATING TRANSPORTATION COSTS FOR PREFABRICATED MODULES

Modular-constructed buildings are fast becoming the construction method choice across the world. People worldwide shifted to modular construction due to cost-effectiveness, efficient construction, and safety associated with the workers. The transportation of prefabricated modular building sections requires lots of space. Also, the restriction on manufacturing and transportation can limit the size of modular units used for construction, which impacts the desirable room sizes. Changing transportation costs for prefabricated modules can significantly restrain the market's growth.

Recent Development

  • In February 2021, according to Forbes, traditionally constructed houses can take up to four to six months to build, whereas modular-constructed houses take between six and ten weeks

North America Modular Construction Market Scope

North America modular construction market is categorized based on type, product, material, and end-user. The growth amongst these segments will help you analyze major industry growth segments and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

  • Permanent
  • Relocatable

Based on type, the North America modular construction market is classified into two segments permanent and relocatable.

Material

  • Wood
  • Steel
  • Concrete
  • Others

Based on material, the North America modular construction market is classified into four segments, wood, steel, concrete, and others.

End-Use

  • Residential
  • Hospitality
  • Healthcare
  • Education
  • Retail
  • Commercial
  • Relocatable buildings
  • Permanent modular
  • Office
  • Others 

Based on end-use, the North America modular construction market is classified into residential, hospitality, healthcare, education, retail and commercial, relocatable buildings, permanent modular, office, and others.

Modular Construction Market

North America Modular Construction Market Regional Analysis/Insights

North America modular construction market is segmented based on type, material, and end-use.

The countries in this report are U.S., Canada, and Mexico.

The U.S. is expected to dominate the North America modular construction market in terms of market share and revenue due to the growing characteristics of modular construction in the region.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and North America Modular Construction Market Share Analysis

North America modular construction market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points only relate to the companies focusing on the North America modular construction market.

Some of the prominent participants operating in the North America modular construction market are Bechtel Corporation, Skanksa, Fluor Corporation, ATCO LTD., Westchester Modular Homes, CUSTOM SHIPPING CONTAINERS AND MODULAR BUILDINGS, Guerdon, LLC., HONOMOBO, KOMA MODULAR, Modular Engineering, and Northgate Industries Ltd.


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Tabla de contenido

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF THE NORTH AMERICA MODULAR CONSTRUCTION MARKET

1.4 LIMITATION

1.5 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 CURRENCY AND PRICING

2.5 DBMR TRIPOD DATA VALIDATION MODEL

2.6 TYPE LIFELINE CURVE

2.7 MULTIVARIATE MODELING

2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.9 DBMR MARKET POSITION GRID

2.1 MARKET APPLICATION COVERAGE GRID

2.11 DBMR MARKET CHALLENGE MATRIX

2.12 DBMR VENDOR SHARE ANALYSIS

2.13 IMPORT-EXPORT DATA

2.14 SECONDARY SOURCES

2.15 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 SUPPLY CHAIN ANALYSIS

4.1.1 RAW MATERIAL PROCUREMENT

4.1.2 MANUFACTURING AND PACKING

4.1.3 MARKETING AND DISTRIBUTION

4.1.4 END-USERS

4.2 VALUE CHAIN OF NORTH AMERICA MODULAR CONSTRUCTION MARKET

5 REGIONAL SUMMARY

6 MARKET OVERVIEW

6.1 DRIVERS

6.1.1 ABILITY TO COMPLETE PROJECTS QUICKLY COMPARED TO TRADITIONAL ON-SITE BUILDINGS

6.1.2 GROWING EMPHASIS ON SUSTAINABILITY, QUALITY, AND WORKERS' SAFETY

6.1.3 EASE OF DISASSEMBLING, REFURBISHMENT, AND RELOCATION OF MODULAR CONSTRUCTIONS

6.1.4 INCREASE IN PER CAPITA INCOME AND EASY AVAILABILITY OF FINANCES AND LOANS

6.2 RESTRAINTS

6.2.1 LACK OF RELIABILITY ON MODULAR CONSTRUCTION IN EARTHQUAKE-PRONE REGIONS

6.2.2 FLUCTUATING TRANSPORTATION COSTS FOR PREFABRICATED MODULES

6.3 OPPORTUNITIES

6.3.1 RISE IN INVESTMENTS AND GROWING DEMAND FOR NEW HOUSING, COMMERCIAL, AND INDUSTRIAL STRUCTURES

6.3.2 INCREASED SUPPORT FROM GOVERNMENT RULES AND POLICIES

6.3.3 RENEWED FOCUS ON UPGRADING HEALTHCARE INFRASTRUCTURE

6.4 CHALLENGES

6.4.1 LACK OF AWARENESS REGARDING MODULAR CONSTRUCTION

6.4.2 SHORTAGE OF SKILLED LABOR IN THE MODULAR CONSTRUCTION INDUSTRY

7 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY TYPE

7.1 OVERVIEW

7.2 PERMANENT

7.3 RELOCATABLE

8 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY MATERIAL

8.1 OVERVIEW

8.2 WOOD

8.3 STEEL

8.4 CONCRETE

8.5 OTHERS

9 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY END-USER

9.1 OVERVIEW

9.2 RESIDENTIAL

9.3 HOSPITALITY

9.4 HEALTHCARE

9.5 EDUCATION

9.6 RETAIL AND COMMERCIAL

9.6.1 RETAIL AND COMMERCIAL, BY END-USER

9.6.1.1 RELOCATABLE BUILDING

9.6.1.2 PERMANENT MODULAR

9.7 OFFICE

9.8 OTHERS

10 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY

10.1 U.S.

10.2 CANADA

10.3 MEXICO

11 NORTH AMERICA MODULAR CONSTRUCTION MARKET: COMPANY LANDSCAPE

11.1 COMPANY SHARE ANALYSIS: NORTH AMERICA

11.2 CONTRACTS

11.3 DIVESTMENT

11.4 ACQUISITION

12 SWOT ANALYSIS

13 COMPANY PROFILES

13.1 BECHTEL CORPORATION

13.1.1 COMPANY SNAPSHOT

13.1.2 PRODUCT PORTFOLIO

13.1.3 RECENT UPDATE

13.2 SKANSKA

13.2.1 COMPANY SNAPSHOT

13.2.2 REVENUE ANALYSIS

13.2.3 PRODUCT PORTFOLIO

13.2.4 RECENT UPDATES

13.3 FLUOR CORPORATION

13.3.1 COMPANY SNAPSHOT

13.3.2 REVENUE ANALYSIS

13.3.3 PRODUCT PORTFOLIO

13.3.4 RECENT UPDATES

13.4 ATCO LTD.

13.4.1 COMPANY SNAPSHOT

13.4.2 REVENUE ANALYSIS

13.4.3 PRODUCT PORTFOLIO

13.4.4 RECENT UPDATES

13.5 WESTCHESTER MODULAR HOMES

13.5.1 COMPANY SNAPSHOT

13.5.2 PRODUCT PORTFOLIO

13.5.3 RECENT UPDATES

13.6 CUSTOM SHIPPING CONTAINERS AND MODULAR BUILDINGS

13.6.1 COMPANY SNAPSHOT

13.6.2 PRODUCT PORTFOLIO

13.6.3 RECENT UPDATES

13.7 GUERDON, LLC

13.7.1 COMPANY SNAPSHOT

13.7.2 PRODUCT PORTFOLIO

13.7.3 RECENT UPDATE

13.8 HONOMOBO

13.8.1 COMPANY SNAPSHOT

13.8.2 PRODUCT PORTFOLIO

13.8.3 RECENT UPDATES

13.9 KOMA MODULAR

13.9.1 COMPANY SNAPSHOT

13.9.2 PRODUCT PORTFOLIO

13.9.3 RECENT UPDATE

13.1 MODULAR ENGINEERING

13.10.1 COMPANY SNAPSHOT

13.10.2 PRODUCT PORTFOLIO

13.10.3 RECENT UPDATES

13.11 NORTHGATE INDUSTRIES LTD.

13.11.1 COMPANY SNAPSHOT

13.11.2 PRODUCT PORTFOLIO

13.11.3 RECENT UPDATE

14 QUESTIONNAIRE

15 RELATED REPORTS

Lista de Tablas

TABLE 1 IMPORT DATA OF PREFABRICATED BUILDINGS, WHETHER OR NOT COMPLETE OR ALREADY ASSEMBLED; HS CODE – 9406 (USD THOUSAND)

TABLE 2 EXPORT DATA OF PREFABRICATED BUILDINGS, WHETHER OR NOT COMPLETE OR ALREADY ASSEMBLED; HS CODE – 9406 (USD THOUSAND)

TABLE 3 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 4 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (AVERAGE SQUARE FEET)

TABLE 5 GLOBAL MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 6 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 7 NORTH AMERICARETAIL AND COMMERCIAL IN MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 8 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2021-2030 (USD THOUSAND)

TABLE 9 NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, 2021-2030 (AVERAGE SQUARE FEET)

TABLE 10 U.S. MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 11 U.S. MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (AVERAGE SQUARE FEET)

TABLE 12 U.S. MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 13 U.S. MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 14 U.S. RETAIL AND COMMERCIAL IN MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 15 CANADA MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 16 CANADA MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (AVERAGE SQUARE FEET)

TABLE 17 CANADA MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 18 CANADA MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 19 CANADA RETAIL AND COMMERCIAL IN MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 20 MEXICO MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 21 MEXICO MODULAR CONSTRUCTION MARKET, BY TYPE, 2021-2030 (AVERAGE SQUARE FEET)

TABLE 22 MEXICO MODULAR CONSTRUCTION MARKET, BY MATERIAL, 2021-2030 (USD THOUSAND)

TABLE 23 MEXICO MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

TABLE 24 MEXICO RETAIL AND COMMERCIAL IN MODULAR CONSTRUCTION MARKET, BY END-USER, 2021-2030 (USD THOUSAND)

Lista de figuras

FIGURE 1 NORTH AMERICA MODULAR CONSTRUCTION MARKET: SEGMENTATION

FIGURE 2 NORTH AMERICA MODULAR CONSTRUCTION MARKET: DATA TRIANGULATION

FIGURE 3 NORTH AMERICA MODULAR CONSTRUCTION MARKET: DROC ANALYSIS

FIGURE 4 NORTH AMERICA MODULAR CONSTRUCTION MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS

FIGURE 5 NORTH AMERICA MODULAR CONSTRUCTION MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 NORTH AMERICA MODULAR CONSTRUCTION MARKET: THE TYPE LIFE LINE CURVE

FIGURE 7 NORTH AMERICA MODULAR CONSTRUCTION MARKET: MULTIVARIATE MODELLING

FIGURE 8 NORTH AMERICA MODULAR CONSTRUCTION MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 9 NORTH AMERICA MODULAR CONSTRUCTION MARKET: DBMR MARKET POSITION GRID

FIGURE 10 NORTH AMERICA MODULAR CONSTRUCTION MARKET: MARKET END-USER COVERAGE GRID

FIGURE 11 NORTH AMERICA MODULAR CONSTRUCTION MARKET: THE MARKET CHALLENGE MATRIX

FIGURE 12 NORTH AMERICA MODULAR CONSTRUCTION MARKET: VENDOR SHARE ANALYSIS

FIGURE 13 NORTH AMERICA MODULAR CONSTRUCTION MARKET: SEGMENTATION

FIGURE 14 GROWING EMPHASIS ON SUSTAINABILITY, QUALITY, AND WORKERS' SAFETY IS EXPECTED TO DRIVE THE NORTH AMERICA MODULAR CONSTRUCTION MARKET IN THE FORECAST PERIOD

FIGURE 15 PERMANENT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA MODULAR CONSTRUCTION MARKET IN 2023 & 2030

FIGURE 16 SUPPLY CHAIN ANALYSIS –NORTH AMERICA MODULAR CONSTRUCTION MARKET

FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE NORTH AMERICA MODULAR CONSTRUCTION MARKET

FIGURE 18 NORTH AMERICA MODULAR CONSTRUCTION MARKET: BY TYPE, 2022

FIGURE 19 GLOBAL MODULAR CONSTRUCTION MARKET: BY MATERIAL, 2022

FIGURE 20 NORTH AMERICA MODULAR CONSTRUCTION MARKET: BY END-USER, 2022

FIGURE 21 NORTH AMERICA MODULAR CONSTRUCTION MARKET: SNAPSHOT (2022)

FIGURE 22 NORTH AMERICA MODULAR CONSTRUCTION MARKET: BY COUNTRY (2022)

FIGURE 23 NORTH AMERICA MODULAR CONSTRUCTION MARKET: BY COUNTRY (2023 & 2030)

FIGURE 24 NORTH AMERICA MODULAR CONSTRUCTION MARKET: BY COUNTRY (2022 & 2030)

FIGURE 25 NORTH AMERICA MODULAR CONSTRUCTION MARKET: BY TYPE (2023 - 2030)

FIGURE 26 NORTH AMERICA MODULAR CONSTRUCTION MARKET: COMPANY SHARE 2022 (%)

Ver información detallada Right Arrow

Metodología de investigación

La recopilación de datos y el análisis del año base se realizan utilizando módulos de recopilación de datos con muestras de gran tamaño. La etapa incluye la obtención de información de mercado o datos relacionados a través de varias fuentes y estrategias. Incluye el examen y la planificación de todos los datos adquiridos del pasado con antelación. Asimismo, abarca el examen de las inconsistencias de información observadas en diferentes fuentes de información. Los datos de mercado se analizan y estiman utilizando modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíe su consulta.

La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (experto en la industria). Los modelos de datos incluyen cuadrícula de posicionamiento de proveedores, análisis de línea de tiempo de mercado, descripción general y guía del mercado, cuadrícula de posicionamiento de la empresa, análisis de patentes, análisis de precios, análisis de participación de mercado de la empresa, estándares de medición, análisis global versus regional y de participación de proveedores. Para obtener más información sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.

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Preguntas frecuentes

The North America Modular Construction Market is projected to grow at a CAGR of 6.0% during the forecast period by 2030.
The future market value of the North America Modular Construction Market is expected to reach USD 20,410,223.24 million by 2030.
The major players in the North America Modular Construction Market are Bechtel Corporation, Skanksa, Fluor Corporation, ATCO LTD., Westchester Modular Homes, CUSTOM SHIPPING CONTAINERS AND MODULAR BUILDINGS, Guerdon, LLC., HONOMOBO, etc.
The countries covered in the North America Modular Construction Market are U.S., Canada, and Mexico.