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Market Research Report
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1025626

North America Modular Construction Market Forecast 2021-2028

Published: | Inkwood Research | 143 Pages | Delivery time: 2-3 business days

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North America Modular Construction Market Forecast 2021-2028
Published: September 1, 2021
Inkwood Research
Content info: 143 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The North America modular construction market is anticipated to record a CAGR of 6.52% over the estimated period of 2021 to 2028. Some of the primary factors accredited to the region's market growth are sustained investments in commercial real estate, the growing need for cost and time savings, and consumers' inclination towards green buildings.

MARKET INSIGHTS

The North America modular construction market growth assessment encompasses the analysis of Canada and the United States. The United States Census Bureau has continued to offer additional permits for constructing new residential projects, on account of the present trend of multi-family buildings, in addition to the increasing rates of migration to cities and urban spaces. The country's prefabrication market also observes a surging demand for prefabricated housing types, including pre-cut as well as panelized. As a result, the initiative to make housing more affordable, predominantly in high-demand zones, like the San Francisco Bay area, encourages developers to move towards prefabrication solutions.

On the other hand, however, the prefabrication of multi-family buildings in the United States is still in the nascent stage. The majority of prefabricated multi-family buildings comprise wood-framed units evolving from products made by mobile, single-family, and modular home manufacturers. Besides, until recently, only a few steel modular experiments were undertaken in the United States. As a result, these factors are set to play a vital role in augmenting the modular construction market growth in North America during the forecasting years.

COMPETITIVE INSIGHTS

Distinguished firms operating in the market are ATCO, Alta-Fab Structures, Art's Way Manufacturing, 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 cater 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
Product Code: 40070

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

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. LABOUR SHORTAGES IN SOME COUNTRIES
  • 3.2. KEY RESTRAINTS
    • 3.2.1. HIGHER COST AND COMPLEXITY IN LOGISTICS
    • 3.2.2. HIGH INITIAL COSTS FOR CONSTRUCTING MANUFACTURING FACILITY
    • 3.2.3. LOWER AWARENESS OF THE TECHNOLOGY

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON MODULAR CONSTRUCTION MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. VALUE CHAIN ANALYSIS
  • 4.7. PESTLE ANALYSIS
    • 4.7.1. POLITICAL
    • 4.7.2. ECONOMICAL
    • 4.7.3. SOCIAL
    • 4.7.4. TECHNOLOGICAL
    • 4.7.5. ENVIRONMENTAL
    • 4.7.6. LEGAL

5. MARKET BY CONSTRUCTION

  • 5.1. PERMANENT
  • 5.2. RE-LOCATABLE

6. MARKET BY MATERIALS

  • 6.1. STEEL
  • 6.2. CONCRETE
  • 6.3. WOOD
  • 6.4. PLASTIC

7. MARKET BY APPLICATION

  • 7.1. COMMERCIAL
  • 7.2. INDUSTRIAL/INSTITUTIONAL
  • 7.3. RESIDENTIAL

8. GEOGRAPHICAL ANALYSIS

  • 8.1. NORTH AMERICA
    • 8.1.1. MARKET SIZE & ESTIMATES
    • 8.1.2. KEY GROWTH ENABLERS
    • 8.1.3. KEY CHALLENGES
    • 8.1.4. KEY PLAYERS
    • 8.1.5. COUNTRY ANALYSIS
      • 8.1.5.1. UNITED STATES
      • 8.1.5.2. CANADA

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. ABTECH
    • 9.2.2. ALTA-FAB STRUCTURES
    • 9.2.3. ART'S WAY MANUFACTURING
    • 9.2.4. ATCO
    • 9.2.5. CHAMPION HOME BUILDERS
    • 9.2.6. CIMC MODULAR BUILDING SYSTEMS
    • 9.2.7. CLAYTON HOMES
    • 9.2.8. SKYLINE CHAMPION CORPORATION
    • 9.2.9. TINDALL CORPORATION
    • 9.2.10. ZEKELMAN INDUSTRIES

LIST OF TABLES

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - MODULAR CONSTRUCTION
  • TABLE 2: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY CONSTRUCTION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: LIST OF MERGERS & ACQUISITIONS
  • TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: VALUE CHAIN ANALYSIS
  • FIGURE 6: NORTH AMERICA MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY CONSTRUCTION, IN 2020
  • FIGURE 7: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY PERMANENT, 2021-2028 (IN $ MILLION)
  • FIGURE 8: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY RE-LOCATABLE, 2021-2028 (IN $ MILLION)
  • FIGURE 9: NORTH AMERICA MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020
  • FIGURE 10: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY STEEL, 2021-2028 (IN $ MILLION)
  • FIGURE 11: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY CONCRETE, 2021-2028 (IN $ MILLION)
  • FIGURE 12: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY WOOD, 2021-2028 (IN $ MILLION)
  • FIGURE 13: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY PLASTIC, 2021-2028 (IN $ MILLION)
  • FIGURE 14: NORTH AMERICA MODULAR CONSTRUCTION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
  • FIGURE 15: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY INDUSTRIAL/INSTITUTIONAL, 2021-2028 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA MODULAR CONSTRUCTION MARKET, BY RESIDENTIAL, 2021-2028 (IN $ MILLION)
  • FIGURE 18: NORTH AMERICA MODULAR CONSTRUCTION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 19: UNITED STATES MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 20: CANADA MODULAR CONSTRUCTION MARKET, 2021-2028 (IN $ MILLION)