openPR Logo
Press release

North America Modular Construction Market Size Report 2023-2028

12-07-2023 11:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

North America Modular Construction Market Report

North America Modular Construction Market Report

IMARC Group, a leading market research company, has recently releases report titled "North America Modular Construction Market Report by Division (Permanent Modular Construction (PMC), Relocatable Buildings (RB)), Sector (Public, Residential, Commercial, and Others), Material (Wood, Concrete, Steel, and Others), and Region 2023-2028." The study provides a detailed analysis of the industry, including the North America modular construction market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the North America modular construction market?

The North America modular construction market size reached US$ 25.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is modular construction?

Modular construction is a building technique involving pre-fabricating individual units or modules in a controlled factory environment. These pre-made sections are transported to the construction site and assembled to form a complete structure. This method streamlines the construction process, allowing quicker project completion than traditional construction methods. One of the key advantages is efficiency; by constructing modules in a factory, teams can work in a controlled setting, which often results in higher quality and less waste. Modular construction is highly versatile and suitable for various applications, including residential homes, commercial buildings, and industrial facilities. It offers flexibility for customized designs, meeting specific needs or aesthetic choices. It is known for its contributions to sustainable building practices, including material efficiency and the potential for reuse in future projects. As a result, modular construction is gaining immense traction in modern construction practices across North America as a reliable, efficient, and flexible building method.

Request for a sample copy of this report: https://www.imarcgroup.com/north-america-modular-construction-market/requestsample

What are the growth prospects and trends in the North America modular construction industry?

The North America modular construction market is primarily driven by the escalating need for rapid and cost-effective construction solutions, particularly in the housing and commercial sectors. With the construction process being quicker and often less expensive than traditional methods, businesses and homeowners find value in this approach. Moreover, ongoing technological advancements in design and manufacturing that offer more sophisticated and customized modular solutions are positively influencing market growth. Apart from this, the rising focus of North America on sustainable building practices has accelerated the adoption of modular construction, as it generally produces less waste and can be more energy efficient. Additionally, the increasing labor shortages in the construction industry have augmented the demand for modular construction as an attractive alternative. Besides this, the escalating need for quickly deployable structures like healthcare facilities amid COVID-19 has catalyzed market growth. Furthermore, several favorable government policies and incentives that support innovative construction practices for both residential and commercial purposes are contributing to market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Division:

Permanent Modular Construction (PMC)
Relocatable Buildings (RB)

Breakup by Sector:

Public
Residential
Commercial
Others

Breakup by Material:

Wood
Concrete
Steel
Others

Breakup by Country:

United States
Canada

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=2744&flag=C

Who are the key players operating in the industry?

The report covers the major market players including:

Aries Building Systems, LLC
ATCO Ltd.
Boxx Modular, Inc. (Black Diamond Group)
Mobile Modular Management Corporation (McGrath RentCorp, Inc.)
Modular Genius, Inc.
Satellite Shelters, Inc.
Triumph Modular Corporation
Vanguard Modular Building Systems, LLC
Vesta Modular
Willscot Corporation.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Browse More Reports:

A2 Milk Market: https://www.digitaljournal.com/pr/news/imarc/a2-milk-market-size-is-likely-to-reach-a-valuation-of-around-us-29-2-billion-by-2028

Fractional Flow Reserve Market: https://www.digitaljournal.com/pr/news/imarc/fractional-flow-reserve-market-expected-to-reach-us-1-636-3-million-by-2028-imarc-group

Construction Equipment Market: https://www.digitaljournal.com/pr/news/imarc/construction-equipment-market-expected-to-reach-us-245-2-billion-by-2028-imarc-group

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release North America Modular Construction Market Size Report 2023-2028 here

News-ID: 3319234 • Views:

More Releases from IMARC Group

Outdoor Decking Tile Manufacturing Plant Project Report 2024: Raw Materials, Investment Opportunities, Cost and Revenue
Outdoor Decking Tile Manufacturing Plant Project Report 2024: Raw Materials, Inv …
IMARC Group's report, titled "Outdoor Decking Tile Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" provides a complete roadmap for setting up an outdoor decking tile manufacturing plant. The report covers various aspects, ranging from a broad market overview to intricate details like unit operations, raw material and utility requirements, infrastructure necessities, machinery requirements, manpower needs, packaging and transportation requirements, and
Coir Handicraft Manufacturing Plant Project Report 2024: Industry Trends, Unit Setup and Machinery
Coir Handicraft Manufacturing Plant Project Report 2024: Industry Trends, Unit S …
IMARC Group's report, titled "Coir Handicraft Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" provides a complete roadmap for setting up a coir handicraft manufacturing plant. The report covers various aspects, ranging from a broad market overview to intricate details like unit operations, raw material and utility requirements, infrastructure necessities, machinery requirements, manpower needs, packaging and transportation requirements, and more. In addition
Quinoa Oil Processing Plant Project Report 2024: Setup Cost, Machinery Requirements and Raw Materials
Quinoa Oil Processing Plant Project Report 2024: Setup Cost, Machinery Requireme …
IMARC Group's report, titled "Quinoa Oil Processing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" provides a complete roadmap for setting up a quinoa oil processing plant. The report covers various aspects, ranging from a broad market overview to intricate details like unit operations, raw material and utility requirements, infrastructure necessities, machinery requirements, manpower needs, packaging and transportation requirements, and more. In addition
Activated Charcoal Manufacturing Plant Project Report 2024: Raw Materials, Investment Opportunities, Cost and Revenue
Activated Charcoal Manufacturing Plant Project Report 2024: Raw Materials, Inves …
IMARC Group's report, titled "Activated Charcoal Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" provides a complete roadmap for setting up a activated charcoal manufacturing plant. The report covers various aspects, ranging from a broad market overview to intricate details like unit operations, raw material and utility requirements, infrastructure necessities, machinery requirements, manpower needs, packaging and transportation requirements, and more. In addition

All 5 Releases


More Releases for Modular

Exclusive Report on Multifamily Modular Construction Industry: Market Size will …
The "Global Multifamily Modular Construction Market" research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Multifamily Modular Construction industry along with various other factors over the predicted period 2022-2029. The report on the Multifamily Modular Construction market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channel, profit margin,
Multifamily Modular Construction Market Size, Share, Analysis, Industry Report, …
This comprehensive report on the Multifamily Modular Construction Market provides real information about the statistics and state of the global and regional market. Its scope study extends from the market situation to comparative pricing between the main players, spending in specific market areas, and profits. It represents a comprehensive and succinct analysis report of the main competitor and price statistics with a view to helping beginners establish their place and
Multifamily Modular Construction Market Growth Insights: 2022, Business Developm …
The latest report published by SMI indicates that the "Multifamily Modular Construction Market" is expected to reach a high pace in the coming years. Analysts studied market growth drivers, restraints, challenges, and openings in the global market. The report shows the likely direction of the market in the coming years as well as its estimates. The Multifamily Modular Construction market research report helps in gaining a truly global perspective of
Modular Building: Market Inside Story – Check Which Players Focusing on Improv …
Modular Building Market 2021 this report is including with the COVID19 Outbreak Impact analysis of key points influencing the growth of the market. Also, Modular Building Market (By major key players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario, Trends and Forecast by Upcoming Year's. The study of the Modular Building report is done based on the significant research methodology that provides the analytical inspection
Multifamily Modular Construction Market 2020-2026 | In Depth Analysis with Top K …
The research report on the Multifamily Modular Construction Market is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have
Raise Business with Multifamily Modular Construction Market 2018-2023: Global To …
The report on Multifamily Modular Construction study research on the revenue, opportunities prospective and constraints to the development of the market will help the new contestants in planning their business strategies. The Multifamily Modular Construction has emerging Market study works as a enhance for all business owners trying to identify the exact size of revenue in a specific geographic location. Increasing the demand on modern construction techniques, subsequently creating growth