North America Modular Construction Market Size & Outlook
North America modular construction market, 2018-2030 (US$M)
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North America modular construction market highlights
- The North America modular construction market generated a revenue of USD 13,103.1 million in 2022.
- The market is expected to grow at a CAGR of 7.4% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 13,103.1 million |
| Market revenue in 2030 | USD 23,187.6 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Permanent |
| Fastest growing segment | Permanent |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 14.4% of the global modular construction market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 59,359.7 million by 2030.
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Modular Construction Market Scope
Modular Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 70.04% in 2022. Horizon Databook has segmented the North America modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
In 2020, North America accounted for 14.47% of total global modular construction sector owing to the increasing demand from residential applications, well-established service industry, extensively developed manufacturing industry, and government initiatives to develop social infrastructure across the region.
The high prevalence of sports activities in the U.S. and Canada is anticipated to result in the construction of new stadiums and fitness centers, which, in turn, is likely to promote the use of modular construction over the forecast period.
The demand for residential buildings is going up owing to the low-interest rates, which encourages home buying. In addition, several end-use industries, ranging from education and healthcare to office and entertainment, are embracing modular construction.
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Target buyers of North America modular construction market databook
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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 continent-level data and insights on the North America modular construction market , including forecasts for subscribers. This continent databook contains high-level insights into North America modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America modular construction market size, by country, 2018-2030 (US$M)
North America Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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