PUBLISHER: Inkwood Research | PRODUCT CODE: 1284977
PUBLISHER: Inkwood Research | PRODUCT CODE: 1284977
The North America prefabricated construction market growth is predicted to progress at a CAGR of 8.54% during the forecast period, 2023-2032. The market growth is attributed to favorable government initiatives like government partnerships and open government principles. Thus, high information transparency and regulatory norms benefit the region's market growth.
The North America prefabricated construction market growth evaluation includes the analysis of Canada and the United States. Residential construction is among the largest segments in the Canada construction market. The government is planning to construct affordable houses. Also, special economic zones are being established, facilitating the entry of new corporate offices. In addition, the rapid urbanization in emerging regions and the increasing inclination of investors are contributing to the analyzed market's growth prospects in Canada.
Furthermore, the Canada prefabricated construction market has the presence of established commercial players that offer varied construction modules. For instance, Tower Steel Buildings is a famous manufacturer & provider of a vast range of prefabricated buildings.
Besides, the Canadian construction industry encompasses a diverse workforce, innovative ideas, and modern technologies. The industry is gradually becoming tech-savvy and creative to build connected communities. Such factors offer growth opportunities for the Canada prefabricated construction market.
Some of the key companies operating in the North America prefabricated construction market are: Cornerstone Building Brands, Ritz-Craft Corporation, Skyline Champion Corporation, etc.