U.S Offsite Construction Market: USD 90.3 billion and CAGR of 8.5% by 2031

According to a recent report published by Allied Market Research, titled, "U.S. Offsite Construction Market by Basis of Type, Material, and End User Industry: Global Opportunity Analysis and Industry Forecast, 2022-2031," the U.S. offsite construction market size was valued at $39.5 billion in 2021, and is projected to reach $90.3 billion by 2031, registering a CAGR of 8.5% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 :- https://www.alliedmarketresearch.com/request-toc-and-sample/32153

Common materials used in Offsite construction include steel, wood, concrete, and others. Among these, the steel segment accounted for the highest market share in 2021, owing to its easy fabrication and ease in installation. In addition, the market is analyzed across different end-user industries of Offsite construction including residential, data center, renewable energy, manufacturing, and commercial. The market is mainly driven by rise in advantageous features of Offsite construction including reduction of waste, possibilities for circular economy, superior product quality and better health, and safety for workers. However, high initial cost involved in setting-up of Offsite construction fabrication facilities and structural limitations of prefabricated modules constrain growth of the market.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Offsite construction is a method of prefabrication in which components of a building are constructed offsite and transported for assembly onsite. It is an emerging trend in the construction industry due to its ability to reduce the time and cost of construction projects. Additionally, offsite construction offers benefits in terms of improved quality, safety and sustainability. This report provides an overview of the U.S. offsite construction market, including current trends, market size and growth, and key players.

Key players in the U.S. Offsite construction industry offer a wide range of products and services to sustain the harsh competition in the market. In addition, business expansion also plays a major role growth of the market. For instance, in June 2021, SGB Development Corp. a wholly-owned subsidiary of the SG Blocks, Inc., partnered with CMC Development Group ZT Architecture + Land Development and Community Development Consortium to develop rental apartment community in a six-acre site on Norman Berry Drive in Atlanta, Georgia. This enables the company to market its capabilities.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

The increasing demand for prefabricated components is driving the growth of the U.S. offsite construction market. Additionally, the rising adoption of sustainable construction practices and the growing awareness of the advantages of offsite construction are expected to have a positive impact on the market in the coming years. Furthermore, technological advancements such as the use of Building Information Modeling (BIM) technology and 3D printing are expected to drive the market growth.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: - https://www.alliedmarketresearch.com/purchase-enquiry/32153

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

The major players in the U.S. offsite construction market include A&S Homes, Blu Homes, Katerra, Red Sea Housing, and Skyline Buildings. These players are engaged in the development of innovative products and services to gain a competitive advantage in the market.

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

The U.S. offsite construction market is expected to grow at a significant rate during the forecast period. The increasing demand for prefabricated components, the growing adoption of sustainable construction practices, and the technological advancements are the major drivers of the market growth. The key players in the market are focusing on the development of innovative products and services to gain a competitive advantage.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: - https://www.alliedmarketresearch.com/checkout-final/b042f09417028d11d93b7608e47be1dd

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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