U.S. Modular Construction Market Size & Outlook, 2022-2030
U.S. modular construction market, 2018-2030 (US$M)
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U.S. modular construction market highlights
- The U.S. modular construction market generated a revenue of USD 10,532.7 million in 2022 and is expected to reach USD 19,175.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.8% 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 10,532.7 million |
| Market revenue in 2030 | USD 19,175.3 million |
| Growth rate | 7.8% (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, U.S. accounted for 11.6% 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 |
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U.S. 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 70.6% in 2022. Horizon Databook has segmented the U.S. modular construction market based on relocatable, permanent covering the revenue growth of each sub-segment from 2018 to 2030.
Modular buildings have been gaining popularity in construction industry over the last few years in the U.S. Modular construction is economical as well as time-saving, hence, is likely to penetrate at a significant rate in the country. To provide multifamily residential structures, the U.S. government and companies are investing heavily in modular construction sector.
In the U.S., New York is becoming a home for some of the most ambitious modular hotels in the world. For instance, in 2020, Marriott, one of the world’s largest hotel chains, built the tallest modular hotel in New York within 90 days.
This 26-story tower is 360 ft. tall and is expected to be a game-changing symbol to ignite greater interest in modularity among the real estate and lending industries. Such projects and partnerships are strengthening the country’s modular construction market.
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Our clientele includes a mix of modular construction market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. modular construction market , including forecasts for subscribers. This country databook contains high-level insights into U.S. modular construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. modular construction market size, by product, 2018-2030 (US$M)
U.S. Modular Construction Market Outlook Share, 2022 & 2030 (US$M)
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