North America Modular Construction Market Size, Report 2025-2033

Modular Construction Market - North America

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 28.64 Billion

Market Size in 2033: USD 43.67 Billion

Market Growth Rate (CAGR) 2025-2033: 4.56%

According to IMARC Group's report titled "North America Modular Construction Market Report and Forecast 2025-2033," the market reached USD 28.64 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 43.67 billion by 2033, exhibiting a growth rate (CAGR) of 4.56% during 2025-2033.

North America Modular Construction Market Trends and Drivers:

1. The North America modular construction market is growing robustly under the impetus of a set of economic, technical, and regulatory drivers that are revolutionizing the construction sector.

2. Demand for quicker, quality-checked faster build times at massive cost savings over conventional practice is driving the need for more efficient, cheaper, and more sustainable buildings.

3. Growing labor shortages and increasing material prices in conventional construction are driving contractors to adopt modular approaches, which allow rapid off-site manufacture and rapid on-site assembly.

4. Digital planning software improvement technologies like Building Information Modeling (BIM) and complex project management software are transforming planning and construction of modules with increased accuracy and coordination among stakeholders.

5. Government incentives, conducive regulatory frameworks, and lucrative funding prospects are making modular construction investment more attractive, spurring public and private sector activity.

6. Increasing urban complexity and demands for flexible and responsive construction procedures in high-density cities are fueling the adoption of modular construction methodologies.

7. Emphasis on sustainability and energy efficiency driven by market forces is positioning modular construction as beneficial due to reduced waste, lower site disruption, and compatibility with renewable energy systems.

8. Incorporation of next-generation materials and energy-efficient technologies is pushing modular construction further into the spotlight for use in residential, industrial, and commercial applications.

9. Alliances between advanced technology firms and modular construction companies are driving continuous improvements in manufacturing practices and design standards.

10. Scalability of modular construction is enabling projects to be executed economically regardless of scale or complexity, which is crucial in rapidly evolving urban environments.

11. The intersection of increasing construction demands, advancing technology, and supportive government policies is propelling the North America modular construction market into a period of sustained expansion.

12. Modular construction is becoming a transformative force, delivering greater value, enhanced sustainability, and improved efficiency across the construction industry.

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players are:

• Aries Building Systems, LLC

• ATCO Ltd.

• Boxx Modular, Inc. (Black Diamond Group)

• Mobile Modular Management Corporation (McGrath RentCorp, Inc.)

• Modular Genius, Inc.

• Satellite Shelters, Inc.

• Triumph Modular Corporation

• Vanguard Modular Building Systems, LLC

• Vesta Modular

• Willscot Corporation

Download sample copy of the Report: https://www.imarcgroup.com/north-america-modular-construction-market/requestsample

North America Modular Construction Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Division:

• Permanent Modular Construction (PMC)

• Relocatable Buildings (RB)

Analysis by Sector:

• Public

• Residential

• Commercial

• Others

Analysis by Material:

• Wood

• Concrete

• Steel

• Others

Analysis by Country:

• United States

• Canada

Request for customization: https://www.imarcgroup.com/request?type=report&id=2744&flag=C

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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