Modular Construction Market - North America
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 28.64 Billion
Market Size in 2033: USD 43.67 Billion
Market Growth Rate (CAGR) 2025-2033: 4.56%
According to IMARC Group's report titled "North America Modular Construction Market Report and Forecast 2025-2033," the market reached USD 28.64 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 43.67 billion by 2033, exhibiting a growth rate (CAGR) of 4.56% during 2025-2033.
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North America Modular Construction Market Trends and Drivers:
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The North America modular construction market is experiencing strong growth driven by economic, technological, and regulatory factors.
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Demand for more efficient, cost-effective, and environmentally friendly building solutions is fueling interest in modular construction.
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Modular construction offers faster build times and improved quality control compared to traditional construction methods.
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Labor shortages and rising material costs are encouraging builders to adopt modular approaches for quicker and more economical project delivery.
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Advanced digital planning tools like Building Information Modeling (BIM) are enhancing precision and stakeholder coordination in modular projects.
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Government incentives, supportive regulatory frameworks, and attractive funding options are increasing investments in modular construction.
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Growing urban density and the need for flexible construction solutions are boosting the appeal of modular methodologies in cities.
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Sustainability and energy efficiency goals are accelerating adoption due to modular construction's reduced waste and compatibility with renewable energy systems.
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Integration of advanced materials and next-gen energy-saving technologies is enhancing the appeal of modular alternatives in residential and commercial sectors.
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Strategic partnerships between modular builders and tech firms are driving innovation in manufacturing and design.
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Scalability of modular solutions is enabling cost-effective implementation across diverse project sizes and complexities.
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The combination of construction demand, tech advancement, and favorable policy is positioning modular construction for long-term growth and industry transformation.
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players are:
- 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
North America Modular Construction Industry Segmentation:
We explore the factors propelling the North America modular construction market growth, including technological advancements, consumer behaviors, and regulatory changes.
Analysis by Division:
- Permanent Modular Construction (PMC)
- Relocatable Buildings (RB)
Analysis by Sector:
- Public
- Residential
- Commercial
- Others
Analysis by Material:
- Wood
- Concrete
- Steel
- Others
Analysis by Country:
- United States
- Canada
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Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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