Offsite Construction Market Emerging Growth Rate, Application, Market Share And Forecast To 2030 | Players ATCO, Anderco Pte. Ltd, Giant Containers

The offsite construction market is expected to reach $235.4 billion by 2030 from $130.4 billion in 2020, registering a CAGR of 5.9% from 2021 to 2030. In 2020, the North America region dominated the offsite construction market, in terms of revenue, accounting for about 37.50% share of the offsite construction market.

An increase in demand for prefabricated housing units, owing to reduction in construction cost & time and government initiative toward green building concept is predicted to cater to the growth of the offsite construction market. Many competitors, architects, and builders are taking advantage of used shipping containers for building homes.

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Major market players:
ATCO, Anderco Pte. Ltd, Giant Containers Inc, Honomobo Corporation, Lendlease Corporation, SG Blocks Inc, Skanska AB, and Speed House Group of Companies, are engaged in offering offsite construction products to the market.

The competitive analysis of these organizations covers a detailed study of business overview and portfolio analysis of their services and products. These companies have adopted multiple strategies such as new product launches, partnerships, joint ventures, collaboration, and mergers & acquisitions to maintain a market position. Its study will certainly help stakeholders understand the market.

Key market segmentation:
The offsite construction market is segmented based on material, application, and region. Based on material, the market is classified into steel, wood, concrete, and others. The steel segment generated the highest revenue in 2020. Based on application, the market is divided into residential, commercial, and industrial. The residential segment generated the highest revenue in 2020. Based on construction type, the market is divided into fixed and movable. Fixed segment dominates the market in 2020.

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Regional Analysis:
Region-wise, offsite construction market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2020, North America region was the highest contributor to the offsite construction market, and is anticipated to secure a leading position during the forecast period.

The report includes a comprehensive analysis of several strategies adopted by market players to maintain their foothold in the market. The offsite Construction report offers a quantitative and qualitative analysis of historic and forecast periods coupled with an overview of recent market developments and business strategies. In addition, the report covers a brief market summary, future estimations, and current industry trends to help new market entrants to devise lucrative business strategies.

Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging offsite construction market trends and dynamics.
• Based on material, the steel segment was the largest revenue generating segment in 2020.
• On the basis of application, the residential segment generated the highest revenue in 2020.
• Based on construction type, the fixed segment generated the highest revenue in 2020.
• Region-wise, North America is anticipated to dominate the offsite construction market during the study period.
• The report provides an extensive analysis of the offsite construction market trends and emerging opportunities of the market.
• The offsite construction market forecast analysis from 2021 to 2030 is included in the report.

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