North America Modular Construction Market Report 2021-2026: Industry Analysis, Size, Trends, Growth, Opportunity & Forecast

According to the latest report by IMARC Group, titled, “ North America Modular Construction Market: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026″, The North America modular construction market is expected to grow at a CAGR of XX% during 2021-2026

Modular construction involves off-site prefabrication of single or multi-stored structures before installing them on the actual construction site. It includes the construction of doors, walls, ceilings, beam, floors, columns, etc. These components are joined to form a single structure by using cranes and other lifting or rigging tools. Modular construction provides improved quality control, easy relocation or expansion, reduced construction time, better design options, and minimal waste production. In North America, modular construction is gaining popularity as a sustainable and eco-friendly substitute to traditional construction methods.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic

North America Modular Construction Market Trends:

The rising demand for prefabricated buildings and shifting focus towards minimizing overall construction costs and time, are primarily driving the market growth. Besides this, the escalating number of infrastructure projects also propels the demand for modular construction in North America. Moreover, the growing environmental concerns regarding carbon emissions from conventional construction methods are bolstering the need for modular construction.Numerous government initiatives for developing green buildings across the United States and Canada are also strengthening the market. Furthermore, extreme weather conditions during winter seasonin North America leading to shorter daytime and heavy snowfall hinder on-site construction methods, thereby consequently fueling the demand for prefabricated materials. Additionally, the increasing integration of advanced technologies with prefabrication methods, such as 3D printing, artificial intelligence, and Building Information Modeling (BIM), is anticipated to enhance the market in North America.

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North America Modular Construction Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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, and Willscot Corporation.

The report has segmented the market on the basis on region, division, sector and materia

Breakup by Division:

  • Permanent Modular Construction (PMC)
  • Relocatable Buildings (RB)

Breakup by Sector:

  • Public
  • Residential
  • Commercial
  • Others

Breakup by Material:

  • Wood
  • Concrete
  • Steel
  • Others

Breakup by Country:

  • United States
  • Canada

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If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation

Key highlights of the report:                                                    

  • Market Performance (2014-2019)
  • Market Outlook (2020-2025)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

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

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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