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US Modular Construction Market 2023-2027

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    Report

  • 122 Pages
  • March 2023
  • Region: United States
  • TechNavio
  • ID: 5780743
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The modular construction market in US is forecast to grow by USD 5641.62 mn during 2022-2027, accelerating at a CAGR of 5.61% during the forecast period. The report on the modular construction market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by on-site constraints, rising construction and infrastructure development activities, and improving quality and energy efficiency of modular construction.

The modular construction market in US is segmented as below:

By Application

  • Residential
  • Commercial

By Type

  • Permanent
  • Relocatable
This study identifies the increasing awareness of custom-built facilities with minimum budgets as one of the prime reasons driving the modular construction market growth during the next few years. Also, new product launches and rising number of acquisitions will lead to sizable demand in the market.

The report on the modular construction market in US covers the following areas:

  • Modular construction market sizing
  • Modular construction market forecast
  • Modular construction market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modular construction market vendors that include Abtech Inc., ATCO Ltd., Bechtel Corp., Black Diamond Group Ltd., Building Pro, Commercial Structures Corp., Fluor Corp., GUERDON LLC, JL Construction, Kwikspace Pty Ltd., Lendlease Corp. Ltd., McGRATH RENTCORP, Modular Genius, Nadler Modular, Pac Van Inc., Satellite Shelters Inc., Skanska AB, Specialty Modular, STARRCO, and Westchester Modular Homes. Also, the modular construction market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Application
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Modular construction market in US 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on Modular construction market in US 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Type Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 25: Chart on Application - Market share 2022-2027 (%)
Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 27: Chart on Comparison by Application
Exhibit 28: Data Table on Comparison by Application
6.3 Residential - Market size and forecast 2022-2027
Exhibit 29: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Residential - Year-over-year growth 2022-2027 (%)
6.4 Commercial - Market size and forecast 2022-2027
Exhibit 33: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 37: Market opportunity by Application ($ million)
Exhibit 38: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 39: Chart on Type - Market share 2022-2027 (%)
Exhibit 40: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 41: Chart on Comparison by Type
Exhibit 42: Data Table on Comparison by Type
7.3 Permanent - Market size and forecast 2022-2027
Exhibit 43: Chart on Permanent - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Permanent - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Permanent - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Permanent - Year-over-year growth 2022-2027 (%)
7.4 Relocatable - Market size and forecast 2022-2027
Exhibit 47: Chart on Relocatable - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Relocatable - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Relocatable - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Relocatable - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 51: Market opportunity by Type ($ million)
Exhibit 52: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 54: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 56: Overview on factors of disruption
10.4 Industry risks
Exhibit 57: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 58: Vendors covered
11.2 Market positioning of vendors
Exhibit 59: Matrix on vendor position and classification
11.3 Abtech Inc.
Exhibit 60: Abtech Inc. - Overview
Exhibit 61: Abtech Inc. - Product / Service
Exhibit 62: Abtech Inc. - Key offerings
11.4 ATCO Ltd.
Exhibit 63: ATCO Ltd. - Overview
Exhibit 64: ATCO Ltd. - Business segments
Exhibit 65: ATCO Ltd. - Key offerings
Exhibit 66: ATCO Ltd. - Segment focus
11.5 Bechtel Corp.
Exhibit 67: Bechtel Corp. - Overview
Exhibit 68: Bechtel Corp. - Product / Service
Exhibit 69: Bechtel Corp. - Key news
Exhibit 70: Bechtel Corp. - Key offerings
11.6 Black Diamond Group Ltd.
Exhibit 71: Black Diamond Group Ltd. - Overview
Exhibit 72: Black Diamond Group Ltd. - Product / Service
Exhibit 73: Black Diamond Group Ltd. - Key offerings
11.7 Fluor Corp.
Exhibit 74: Fluor Corp. - Overview
Exhibit 75: Fluor Corp. - Business segments
Exhibit 76: Fluor Corp. - Key offerings
Exhibit 77: Fluor Corp. - Segment focus
11.8 GUERDON LLC
Exhibit 78: GUERDON LLC - Overview
Exhibit 79: GUERDON LLC - Product / Service
Exhibit 80: GUERDON LLC - Key offerings
11.9 JL Construction
Exhibit 81: JL Construction - Overview
Exhibit 82: JL Construction - Product / Service
Exhibit 83: JL Construction - Key offerings
11.10 Kwikspace Pty Ltd.
Exhibit 84: Kwikspace Pty Ltd. - Overview
Exhibit 85: Kwikspace Pty Ltd. - Product / Service
Exhibit 86: Kwikspace Pty Ltd. - Key offerings
11.11 Lendlease Corp. Ltd.
Exhibit 87: Lendlease Corp. Ltd. - Overview
Exhibit 88: Lendlease Corp. Ltd. - Business segments
Exhibit 89: Lendlease Corp. Ltd. - Key offerings
Exhibit 90: Lendlease Corp. Ltd. - Segment focus
11.12 McGRATH RENTCORP
Exhibit 91: McGRATH RENTCORP - Overview
Exhibit 92: McGRATH RENTCORP - Business segments
Exhibit 93: McGRATH RENTCORP - Key offerings
Exhibit 94: McGRATH RENTCORP - Segment focus
11.13 Pac Van Inc.
Exhibit 95: Pac Van Inc. - Overview
Exhibit 96: Pac Van Inc. - Product / Service
Exhibit 97: Pac Van Inc. - Key offerings
11.14 Satellite Shelters Inc.
Exhibit 98: Satellite Shelters Inc. - Overview
Exhibit 99: Satellite Shelters Inc. - Product / Service
Exhibit 100: Satellite Shelters Inc. - Key offerings
11.15 Skanska AB
Exhibit 101: Skanska AB - Overview
Exhibit 102: Skanska AB - Business segments
Exhibit 103: Skanska AB - Key offerings
Exhibit 104: Skanska AB - Segment focus
11.16 STARRCO
Exhibit 105: STARRCO - Overview
Exhibit 106: STARRCO - Product / Service
Exhibit 107: STARRCO - Key offerings
11.17 Westchester Modular Homes
Exhibit 108: Westchester Modular Homes - Overview
Exhibit 109: Westchester Modular Homes - Product / Service
Exhibit 110: Westchester Modular Homes - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 111: Inclusions checklist
Exhibit 112: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 113: Currency conversion rates for US$
12.4 Research methodology
Exhibit 114: Research methodology
Exhibit 115: Validation techniques employed for market sizing
Exhibit 116: Information sources
12.5 List of abbreviations
Exhibit 117: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on US: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on Modular construction market in US 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - Application Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Type Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Application - Market share 2022-2027 (%)
Exhibits 26: Data Table on Application - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Application
Exhibits 28: Data Table on Comparison by Application
Exhibits 29: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Application ($ million)
Exhibits 38: Data Table on Market opportunity by Application ($ million)
Exhibits 39: Chart on Type - Market share 2022-2027 (%)
Exhibits 40: Data Table on Type - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by Type
Exhibits 42: Data Table on Comparison by Type
Exhibits 43: Chart on Permanent - Market size and forecast 2022-2027 ($ million)
Exhibits 44: Data Table on Permanent - Market size and forecast 2022-2027 ($ million)
Exhibits 45: Chart on Permanent - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Permanent - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Relocatable - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Relocatable - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Relocatable - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Relocatable - Year-over-year growth 2022-2027 (%)
Exhibits 51: Market opportunity by Type ($ million)
Exhibits 52: Data Table on Market opportunity by Type ($ million)
Exhibits 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 54: Impact of drivers and challenges in 2022 and 2027
Exhibits 55: Overview on Criticality of inputs and Factors of differentiation
Exhibits 56: Overview on factors of disruption
Exhibits 57: Impact of key risks on business
Exhibits 58: Vendors covered
Exhibits 59: Matrix on vendor position and classification
Exhibits 60: Abtech Inc. - Overview
Exhibits 61: Abtech Inc. - Product / Service
Exhibits 62: Abtech Inc. - Key offerings
Exhibits 63: ATCO Ltd. - Overview
Exhibits 64: ATCO Ltd. - Business segments
Exhibits 65: ATCO Ltd. - Key offerings
Exhibits 66: ATCO Ltd. - Segment focus
Exhibits 67: Bechtel Corp. - Overview
Exhibits 68: Bechtel Corp. - Product / Service
Exhibits 69: Bechtel Corp. - Key news
Exhibits 70: Bechtel Corp. - Key offerings
Exhibits 71: Black Diamond Group Ltd. - Overview
Exhibits 72: Black Diamond Group Ltd. - Product / Service
Exhibits 73: Black Diamond Group Ltd. - Key offerings
Exhibits 74: Fluor Corp. - Overview
Exhibits 75: Fluor Corp. - Business segments
Exhibits 76: Fluor Corp. - Key offerings
Exhibits 77: Fluor Corp. - Segment focus
Exhibits 78: GUERDON LLC - Overview
Exhibits 79: GUERDON LLC - Product / Service
Exhibits 80: GUERDON LLC - Key offerings
Exhibits 81: JL Construction - Overview
Exhibits 82: JL Construction - Product / Service
Exhibits 83: JL Construction - Key offerings
Exhibits 84: Kwikspace Pty Ltd. - Overview
Exhibits 85: Kwikspace Pty Ltd. - Product / Service
Exhibits 86: Kwikspace Pty Ltd. - Key offerings
Exhibits 87: Lendlease Corp. Ltd. - Overview
Exhibits 88: Lendlease Corp. Ltd. - Business segments
Exhibits 89: Lendlease Corp. Ltd. - Key offerings
Exhibits 90: Lendlease Corp. Ltd. - Segment focus
Exhibits 91: McGRATH RENTCORP - Overview
Exhibits 92: McGRATH RENTCORP - Business segments
Exhibits 93: McGRATH RENTCORP - Key offerings
Exhibits 94: McGRATH RENTCORP - Segment focus
Exhibits 95: Pac Van Inc. - Overview
Exhibits 96: Pac Van Inc. - Product / Service
Exhibits 97: Pac Van Inc. - Key offerings
Exhibits 98: Satellite Shelters Inc. - Overview
Exhibits 99: Satellite Shelters Inc. - Product / Service
Exhibits 100: Satellite Shelters Inc. - Key offerings
Exhibits 101: Skanska AB - Overview
Exhibits 102: Skanska AB - Business segments
Exhibits 103: Skanska AB - Key offerings
Exhibits 104: Skanska AB - Segment focus
Exhibits 105: STARRCO - Overview
Exhibits 106: STARRCO - Product / Service
Exhibits 107: STARRCO - Key offerings
Exhibits 108: Westchester Modular Homes - Overview
Exhibits 109: Westchester Modular Homes - Product / Service
Exhibits 110: Westchester Modular Homes - Key offerings
Exhibits 111: Inclusions checklist
Exhibits 112: Exclusions checklist
Exhibits 113: Currency conversion rates for US$
Exhibits 114: Research methodology
Exhibits 115: Validation techniques employed for market sizing
Exhibits 116: Information sources
Exhibits 117: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the modular construction market in US: Abtech Inc., ATCO Ltd., Bechtel Corp., Black Diamond Group Ltd., Building Pro, Commercial Structures Corp., Fluor Corp., GUERDON LLC, JL Construction, Kwikspace Pty Ltd., Lendlease Corp. Ltd., McGRATH RENTCORP, Modular Genius, Nadler Modular, Pac Van Inc., Satellite Shelters Inc., Skanska AB, Specialty Modular, STARRCO, and Westchester Modular Homes.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is increasing awareness of custom-built facilities with minimum budgets.`

According to the report, one of the major drivers for this market is the on-site constraints.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abtech Inc.
  • ATCO Ltd.
  • Bechtel Corp.
  • Black Diamond Group Ltd.
  • Building Pro
  • Commercial Structures Corp.
  • Fluor Corp.
  • GUERDON LLC
  • JL Construction
  • Kwikspace Pty Ltd.
  • Lendlease Corp. Ltd.
  • McGRATH RENTCORP
  • Modular Genius
  • Nadler Modular
  • Pac Van Inc.
  • Satellite Shelters Inc.
  • Skanska AB
  • Specialty Modular
  • STARRCO
  • Westchester Modular Homes

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