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Report
North America Modular Construction Market Forecast 2023-2032
Market Report I 2023-05-26 I 153 Pages I Inkwood Research
KEY FINDINGS
The North America modular construction market is estimated to surge with a 6.49% CAGR between the forecast years 2023 and 2032. Migrant housing needs, sustainable technology investments, and labor shortages drive market growth in the region.
MARKET INSIGHTS
The North America modular construction market growth assessment includes an analysis of Canada and the United States. Canada's economy, characterized by its well-developed and mixed attributes, is on an upward trajectory, significantly bolstered by favorable domestic and global business policies and robust research and development infrastructure. The manufacturing industries in the country are also experiencing rapid growth.
Moreover, Canada is experiencing strong commercial and residential construction growth, primarily driven by government initiatives and increased immigration. As a global leader in immigration policies, according to the World Economic Forum, Canada is actively planning to expand its target for refugees and displaced individuals, aiming to increase from 43,000 in 2019 to 64,500 by 2021.
Government-led projects such as the New Building Canada Plan (NBCP), Made in Canada, and the Affordable Housing Initiative (AHI) also support the growth in construction activities. This enhanced activity within the sector is predicted to increase the demand for modular construction within Canada for the foreseeable future.
COMPETITIVE INSIGHTS
Leading market players operating in the market include Bouygues Construction, Balfour Beatty PLC, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.5. MAJOR MARKET FINDINGS
2.5.1. MODULAR CONSTRUCTION IS MORE ECONOMICAL THAN OTHER TYPES
2.5.2. MODULAR CONSTRUCTION INCURS TRANSPORTATION COSTS, FURTHER INFLUENCING THE PROJECT'S FEASIBILITY
2.5.3. A NEW WAVE OF ATTENTION AND INVESTMENT
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. ADVANTAGES OVER TRADITIONAL CONSTRUCTION SYSTEMS
3.1.2. URBANIZATION AND INDUSTRIALIZATION IN DEVELOPING COUNTRIES
3.1.3. TIME AND COST-EFFECTIVE METHOD OF CONSTRUCTION
3.1.4. LABOR SHORTAGE
3.1.5. LOWER DEFECTS AND REWORKS
3.2. KEY RESTRAINTS
3.2.1. HIGHER COSTS AND LOGISTICAL COMPLEXITIES
3.2.2. HIGH INITIAL COSTS FOR CONSTRUCTING MANUFACTURING FACILITIES
3.2.3. LOW AWARENESS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.7. REGULATORY FRAMEWORK
5. MARKET BY CONSTRUCTION
5.1. PERMANENT MODULAR CONSTRUCTION
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. RELOCATABLE MODULAR CONSTRUCTION
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
6. MARKET BY MATERIAL
6.1. STEEL
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. CONCRETE
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. WOOD
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
6.4. PLASTIC
6.4.1. MARKET FORECAST FIGURE
6.4.2. SEGMENT ANALYSIS
7. MARKET BY APPLICATION
7.1. COMMERCIAL
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. INDUSTRIAL/INSTITUTIONAL
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
7.3. RESIDENTIAL
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENT ANALYSIS
8. GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. MARKET SIZE & ESTIMATES
8.1.2. NORTH AMERICA MODULAR CONSTRUCTION MARKET DRIVERS
8.1.3. NORTH AMERICA MODULAR CONSTRUCTION MARKET CHALLENGES
8.1.4. KEY PLAYERS IN NORTH AMERICA MODULAR CONSTRUCTION MARKET
8.1.5. COUNTRY ANALYSIS
8.1.5.1. UNITED STATES
8.1.5.1.1. UNITED STATES MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
8.1.5.2. CANADA
8.1.5.2.1. CANADA MODULAR CONSTRUCTION MARKET SIZE & OPPORTUNITIES
9. COMPETITIVE LANDSCAPE
9.1. KEY STRATEGIC DEVELOPMENTS
9.1.1. MERGERS & ACQUISITIONS
9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
9.1.3. PARTNERSHIPS & AGREEMENTS
9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
9.2.1. ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
9.2.1.1. COMPANY OVERVIEW
9.2.1.2. SERVICES LIST
9.2.2. ASTRON
9.2.2.1. COMPANY OVERVIEW
9.2.2.2. SERVICES LIST
9.2.3. BALFOUR BEATTY PLC
9.2.3.1. COMPANY OVERVIEW
9.2.3.2. PRODUCTS LIST
9.2.4. BERKELEY GROUP (BERKELEY MODULAR)
9.2.4.1. COMPANY OVERVIEW
9.2.4.2. RECENT DEVELOPMENTS
9.2.5. BOUYGUES CONSTRUCTION
9.2.5.1. COMPANY OVERVIEW
9.2.5.2. RECENT DEVELOPMENTS
9.2.6. GUERDON MODULAR BUILDINGS
9.2.6.1. COMPANY OVERVIEW
9.2.6.2. RECENT DEVELOPMENTS
9.2.7. JEFF LUCHETTI CONSTRUCTION INC
9.2.7.1. COMPANY OVERVIEW
9.2.7.2. RECENT DEVELOPMENTS
9.2.8. JULIUS BERGER NIGERIA PLC
9.2.8.1. COMPANY OVERVIEW
9.2.8.2. RECENT DEVELOPMENTS
9.2.9. KLEUSBERG GMBH & CO KG
9.2.9.1. COMPANY OVERVIEW
9.2.9.2. PRODUCTS LIST
9.2.10. KOMA MODULAR
9.2.10.1. COMPANY OVERVIEW
9.2.10.2. PRODUCTS LIST
9.2.11. LAING O'ROURKE
9.2.11.1. COMPANY OVERVIEW
9.2.11.2. RECENT DEVELOPMENTS
9.2.12. LARSEN & TOUBRO LIMITED
9.2.12.1. COMPANY OVERVIEW
9.2.12.2. RECENT DEVELOPMENTS
9.2.13. MODULAIRE GROUP
9.2.13.1. COMPANY OVERVIEW
9.2.13.2. PRODUCTS LIST
9.2.14. PALOMAR MODULAR BUILDINGS
9.2.14.1. COMPANY OVERVIEW
9.2.14.2. RECENT DEVELOPMENTS
9.2.15. RIKO HISE DOO
9.2.15.1. COMPANY OVERVIEW
9.2.15.2. RECENT DEVELOPMENTS
9.2.16. RED SEA HOUSING
9.2.16.1. COMPANY OVERVIEW
9.2.16.2. RECENT DEVELOPMENTS
9.2.17. SKANSKA GROUP
9.2.17.1. COMPANY OVERVIEW
9.2.17.2. RECENT DEVELOPMENTS
9.2.18. SYSTEM HOUSE R&C CO LTD
9.2.18.1. COMPANY OVERVIEW
9.2.18.2. RECENT DEVELOPMENTS
9.2.19. TAISEI CORPORATION
9.2.19.1. COMPANY OVERVIEW
9.2.19.2. RECENT DEVELOPMENTS
9.2.20. WERNICK GROUP
9.2.20.1. COMPANY OVERVIEW
9.2.20.2. PRODUCTS LIST
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - MODULAR CONSTRUCTION
TABLE 2: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 3: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 4: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 5: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY MATERIAL, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 6: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 7: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 8: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 9: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 10: KEY PLAYERS OPERATING IN NORTH AMERICA MODULAR CONSTRUCTION MARKET
TABLE 11: LIST OF MERGERS & ACQUISITIONS
TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: NORTH AMERICA MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY CONSTRUCTION, IN 2022
FIGURE 8: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY PERMANENT MODULAR CONSTRUCTION, 2023-2032 (IN $ BILLION)
FIGURE 9: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY RELOCATABLE MODULAR CONSTRUCTION, 2023-2032 (IN $ BILLION)
FIGURE 10: NORTH AMERICA MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2022
FIGURE 11: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY STEEL, 2023-2032 (IN $ BILLION)
FIGURE 12: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY CONCRETE, 2023-2032 (IN $ BILLION)
FIGURE 13: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY WOOD, 2023-2032 (IN $ BILLION)
FIGURE 14: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY PLASTIC, 2023-2032 (IN $ BILLION)
FIGURE 15: NORTH AMERICA MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 16: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COMMERCIAL, 2023-2032 (IN $ BILLION)
FIGURE 17: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY INDUSTRIAL/INSTITUTIONAL, 2023-2032 (IN $ BILLION)
FIGURE 18: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY RESIDENTIAL, 2023-2032 (IN $ BILLION)
FIGURE 19: NORTH AMERICA MODULAR CONSTRUCTION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 20: UNITED STATES MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)
FIGURE 21: CANADA MODULAR CONSTRUCTION MARKET, 2023-2032 (IN $ BILLION)
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