Canada Modular Construction Market Size & Outlook
Canada modular construction market, 2018-2030 (US$M)
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Canada modular construction market highlights
- The Canada modular construction market generated a revenue of USD 1,941.8 million in 2022 and is expected to reach USD 2,965.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, permanent was the largest revenue generating product in 2022.
- Permanent is the most lucrative product segment registering the fastest growth during the forecast period.
Modular construction market data book summary
| Market revenue in 2022 | USD 1,941.8 million |
| Market revenue in 2030 | USD 2,965.5 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Permanent |
| Fastest growing segment | Permanent |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Relocatable, Permanent |
| Key market players worldwide | Sekisui House Ltd, Bouygues, Skanska AB ADR, Lendlease Group, Laing O'Rourke, Red Sea International, Premier Modular, KLEUSBERG, Dubox, CIMC Modular Building Systems, Modulaire Group, Guerdon Modular Buildings, Hickory Group International |
Other key industry trends
- In terms of revenue, Canada accounted for 2.1% of the global modular construction market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. modular construction market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 19,175.3 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada modular construction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to modular construction market will help companies and investors design strategic landscapes.
Permanent was the largest segment with a revenue share of 66.68% in 2022. Horizon Databook has segmented the Canada modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
A significant resurgence in modular construction sector was observed across Canada due to technological development and advancements. According to Modular Building Institute (MBI), there are approximately 45 modular construction companies in Canada, fabricating for a variety of sectors including residential, commercial, educational, healthcare, and industrial.
In 2019, the total nonresidential modular construction market generated USD 21.80 billion, up from USD 20.18 billion in 2018, which excludes single-family residential and engineering (bridges, highways, & infrastructure).
The growth of modular construction sector in Canada is driven by the increase in new education startups, office constructions, and new multifamily construction projects. Industrial workforce housing sector is one of the most important end-use market for modular construction in Canada. The modular industry provides temporary workforce housing solutions in remote areas where the energy sector is active.
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Our clientele includes a mix of modular construction market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada modular construction market , including forecasts for subscribers. This country databook contains high-level insights into Canada modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada modular construction market size, by product, 2018-2030 (US$M)
Canada Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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