The North America Modular Construction Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).
Ongoing research and development in materials science and fabrication techniques are leading to innovations in modular construction. New materials with enhanced durability, thermal efficiency, and sustainability are being explored, contributing to improving modular construction methodologies. Modular construction is witnessing a trend towards greater customization and design innovation. As technology allows for more sophisticated modular designs, architects and developers push the boundaries of what can be achieved with modular construction, creating visually stunning and highly functional structures.
In addition, hybrid construction methods, combining modular and traditional construction elements, are becoming more prevalent. This approach allows for a tailored solution that leverages the speed and efficiency of modular construction while incorporating traditional elements where needed for specific project requirements. The market is experiencing the expansion, with increased adoption in various regions. As awareness grows and industry stakeholders recognize the benefits of modular construction, the market is diversifying, leading to a more widespread and diversified use of modular methodologies.
As per the data from the Government of Canada, the Ministry of Indigenous Services announced an investment of $1,380,000 in Smart Modular Canada, a Thunder Bay-based business that designs, manufactures, ships, and installs modular buildings. The investment will help Smart Modular Canada expand operations. Therefore, increasing construction investments and initiatives in North America countries will help expand the modular construction market in the region.
The US region dominated the North America Modular Construction Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $34,253.1 million by 2030. The Canada region is experiencing a CAGR of 9.6% during (2023 - 2030). Additionally, The Mexico region would exhibit a CAGR of 8.7% during (2023 - 2030).
Based on Product, the market is segmented into Permanent, and Relocatable. Based on Material, the market is segmented into Steel, Wood, Concrete, and Others. Based on Application, the market is segmented into Residential, Commercial, Industrial, Healthcare, and Educational. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Modular Construction Market is Predict to reach $159.3 Billion by 2030, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sekisui House, Ltd., LAING O'ROURKE, Red Sea International Company, Skanska Group AB, Premier Modular Limited, KLEUSBERG GmbH & Co. KG, Wernick Group, Lendlease Corporation Limited, Hickory Group and Guerdon, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Material
- Steel
- Wood
- Concrete
- Others
By Application
- Residential
- Commercial
- Industrial
- Healthcare
- Educational
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Sekisui House, Ltd.
- LAING O'ROURKE
- Red Sea International Company
- Skanska Group AB
- Premier Modular Limited
- KLEUSBERG GmbH & Co. KG
- Wernick Group
- Lendlease Corporation Limited
- Hickory Group
- Guerdon, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Modular Construction Market, by Product
1.4.2 North America Modular Construction Market, by Material
1.4.3 North America Modular Construction Market, by Application
1.4.4 North America Modular Construction Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Modular Construction Market
Chapter 5. North America Modular Construction Market by Product
5.1 North America Permanent Market by Region
5.2 North America Relocatable Market by Region
Chapter 6. North America Modular Construction Market by Material
6.1 North America Steel Market by Country
6.2 North America Wood Market by Country
6.3 North America Concrete Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Modular Construction Market by Application
7.1 North America Residential Market by Country
7.2 North America Commercial Market by Country
7.3 North America Industrial Market by Country
7.4 North America Healthcare Market by Country
7.5 North America Educational Market by Country
Chapter 8. North America Modular Construction Market by Country
8.1 US Modular Construction Market
8.1.1 US Modular Construction Market by Product
8.1.2 US Modular Construction Market by Material
8.1.3 US Modular Construction Market by Application
8.2 Canada Modular Construction Market
8.2.1 Canada Modular Construction Market by Product
8.2.2 Canada Modular Construction Market by Material
8.2.3 Canada Modular Construction Market by Application
8.3 Mexico Modular Construction Market
8.3.1 Mexico Modular Construction Market by Product
8.3.2 Mexico Modular Construction Market by Material
8.3.3 Mexico Modular Construction Market by Application
8.4 Rest of North America Modular Construction Market
8.4.1 Rest of North America Modular Construction Market by Product
8.4.2 Rest of North America Modular Construction Market by Material
8.4.3 Rest of North America Modular Construction Market by Application
Chapter 9. Company Profiles
9.1 Sekisui House, Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 LAING O'ROURKE
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Product Launches and Product Expansions:
9.2.3 SWOT Analysis
9.3 Red Sea International Company
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Acquisition and Mergers:
9.3.3 SWOT Analysis
9.4 Skanska Group AB
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Premier Modular Limited
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 KLEUSBERG GmbH & Co. KG
9.6.1 Company Overview
9.7 Wernick Group
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Acquisition and Mergers:
9.8 Lendlease Corporation Limited
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.3 SWOT Analysis
9.9 Hickory Group
9.9.1 Company Overview
9.10. Guerdon, LLC
9.10.1 Company Overview
TABLE 1 North America Modular Construction Market, 2019 - 2022, USD Million
TABLE 2 North America Modular Construction Market, 2023 - 2030, USD Million
TABLE 3 North America Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 4 North America Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 5 North America Permanent Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Permanent Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Relocatable Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Relocatable Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 10 North America Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 11 North America Steel Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Steel Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Wood Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Wood Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Concrete Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Concrete Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 20 North America Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 21 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Educational Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Educational Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Modular Construction Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Modular Construction Market by Country, 2023 - 2030, USD Million
TABLE 33 US Modular Construction Market, 2019 - 2022, USD Million
TABLE 34 US Modular Construction Market, 2023 - 2030, USD Million
TABLE 35 US Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 36 US Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 37 US Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 38 US Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 39 US Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 40 US Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 41 Canada Modular Construction Market, 2019 - 2022, USD Million
TABLE 42 Canada Modular Construction Market, 2023 - 2030, USD Million
TABLE 43 Canada Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 44 Canada Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 45 Canada Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 46 Canada Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 47 Canada Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 48 Canada Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 49 Mexico Modular Construction Market, 2019 - 2022, USD Million
TABLE 50 Mexico Modular Construction Market, 2023 - 2030, USD Million
TABLE 51 Mexico Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 52 Mexico Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 53 Mexico Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 54 Mexico Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 55 Mexico Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 56 Mexico Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 57 Rest of North America Modular Construction Market, 2019 - 2022, USD Million
TABLE 58 Rest of North America Modular Construction Market, 2023 - 2030, USD Million
TABLE 59 Rest of North America Modular Construction Market by Product, 2019 - 2022, USD Million
TABLE 60 Rest of North America Modular Construction Market by Product, 2023 - 2030, USD Million
TABLE 61 Rest of North America Modular Construction Market by Material, 2019 - 2022, USD Million
TABLE 62 Rest of North America Modular Construction Market by Material, 2023 - 2030, USD Million
TABLE 63 Rest of North America Modular Construction Market by Application, 2019 - 2022, USD Million
TABLE 64 Rest of North America Modular Construction Market by Application, 2023 - 2030, USD Million
TABLE 65 Key Information – Sekisui House, Ltd.
TABLE 66 Key Information – LAING O'ROURKE
TABLE 67 Key Information – Red Sea International Company
TABLE 68 Key Information – Skanska Group AB
TABLE 69 Key Information – Premier Modular Limited
TABLE 70 Key Information – KLEUSBERG GmbH & Co. KG
TABLE 71 Key Information – Wernick Group
TABLE 72 Key Information – Lendlease Corporation Limited
TABLE 73 Key Information – Hickory Group
TABLE 74 Key Information – Guerdon, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Modular Construction Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Modular Construction Market
FIG 4 Porter’s Five Forces Analysis - Modular Construction Market
FIG 5 North America Modular Construction Market share by Product, 2022
FIG 6 North America Modular Construction Market share by Product, 2030
FIG 7 North America Modular Construction Market by Product, 2019 - 2030, USD Million
FIG 8 North America Modular Construction Market share by Material, 2022
FIG 9 North America Modular Construction Market share by Material, 2030
FIG 10 North America Modular Construction Market by Material, 2019 - 2030, USD Million
FIG 11 North America Modular Construction Market share by Application, 2022
FIG 12 North America Modular Construction Market share by Application, 2030
FIG 13 North America Modular Construction Market by Application, 2019 - 2030, USD Million
FIG 14 North America Modular Construction Market share by Country, 2022
FIG 15 North America Modular Construction Market share by Country, 2030
FIG 16 North America Modular Construction Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Sekisui House, Ltd.
FIG 18 SWOT Analysis: LAING O'ROURKE
FIG 19 SWOT Analysis: Red Sea International Company
FIG 20 SWOT Analysis: Skanska Group AB
FIG 21 SWOT Analysis: Premier Modular Limited
FIG 22 SWOT Analysis: Lendlease Corporation Limited