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Modular Construction Market in the US 2025-2029

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    Report

  • 146 Pages
  • January 2025
  • Region: United States
  • TechNavio
  • ID: 5780743
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The modular construction market in the US is forecasted to grow by USD 7.04 billion during 2024-2029, accelerating at a CAGR of 6.2% during the forecast period. The report on the modular construction market in the 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 construction constraints, rising construction and infrastructure development activities, and improving quality and energy efficiency of modular construction.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The modular construction market in the US is segmented as below:

By Application

  • Residential
  • Commercial

By Type

  • Permanent
  • Relocatable

By Geographical Landscape

  • North America
This study identifies the increasing awareness of custom-built facilities with minimum budgets as one of the prime reasons driving the modular construction market in the US 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 the US covers the following areas:

  • Modular Construction Market in the US sizing
  • Modular Construction Market in the US forecast
  • Modular Construction Market in the US industry analysis
A robust vendor analysis within the report 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 in the US vendors that include Abtech Inc., ATCO Ltd, Bechtel Corp., BOXX Modular, Building Pro, Commercial Structures Corp., Fluor Corp., GUERDON LLC, JL Construction, Kwikspace Pty Ltd., Lendlease Corp. Ltd., McGrath RentCorp, Inc, 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 the 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 report 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 primary and secondary research. 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
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US: Year-over-year growth 2024-2029 (%)
Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Modular Construction Market in US 2019 - 2023
Historic Market Size - Data Table on Modular Construction Market in US 2019 - 2023 ($ billion)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ billion)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 The AI impact on Modular Construction Market in US
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ billion)
Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
8.4 Commercial - Market size and forecast 2024-2029
Chart on Commercial - Market size and forecast 2024-2029 ($ billion)
Data Table on Commercial - Market size and forecast 2024-2029 ($ billion)
Chart on Commercial - Year-over-year growth 2024-2029 (%)
Data Table on Commercial - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ billion)
Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Permanent - Market size and forecast 2024-2029
Chart on Permanent - Market size and forecast 2024-2029 ($ billion)
Data Table on Permanent - Market size and forecast 2024-2029 ($ billion)
Chart on Permanent - Year-over-year growth 2024-2029 (%)
Data Table on Permanent - Year-over-year growth 2024-2029 (%)
9.4 Relocatable - Market size and forecast 2024-2029
Chart on Relocatable - Market size and forecast 2024-2029 ($ billion)
Data Table on Relocatable - Market size and forecast 2024-2029 ($ billion)
Chart on Relocatable - Year-over-year growth 2024-2029 (%)
Data Table on Relocatable - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Abtech Inc.
Abtech Inc. - Overview
Abtech Inc. - Product / Service
Abtech Inc. - Key offerings
SWOT
13.5 ATCO Ltd
ATCO Ltd - Overview
ATCO Ltd - Business segments
ATCO Ltd - Key news
ATCO Ltd - Key offerings
ATCO Ltd - Segment focus
SWOT
13.6 Bechtel Corp.
Bechtel Corp. - Overview
Bechtel Corp. - Product / Service
Bechtel Corp. - Key news
Bechtel Corp. - Key offerings
SWOT
13.7 BOXX Modular
BOXX Modular - Overview
BOXX Modular - Product / Service
BOXX Modular - Key offerings
SWOT
13.8 Fluor Corp.
Fluor Corp. - Overview
Fluor Corp. - Business segments
Fluor Corp. - Key news
Fluor Corp. - Key offerings
Fluor Corp. - Segment focus
SWOT
13.9 GUERDON LLC
GUERDON LLC - Overview
GUERDON LLC - Product / Service
GUERDON LLC - Key offerings
SWOT
13.10 JL Construction
JL Construction - Overview
JL Construction - Product / Service
JL Construction - Key offerings
SWOT
13.11 Kwikspace Pty Ltd.
Kwikspace Pty Ltd. - Overview
Kwikspace Pty Ltd. - Product / Service
Kwikspace Pty Ltd. - Key offerings
SWOT
13.12 Lendlease Corp. Ltd.
Lendlease Corp. Ltd. - Overview
Lendlease Corp. Ltd. - Business segments
Lendlease Corp. Ltd. - Key offerings
Lendlease Corp. Ltd. - Segment focus
SWOT
13.13 McGrath RentCorp, Inc
McGrath RentCorp, Inc - Overview
McGrath RentCorp, Inc - Business segments
McGrath RentCorp, Inc - Key offerings
McGrath RentCorp, Inc - Segment focus
SWOT
13.14 Pac Van Inc.
Pac Van Inc. - Overview
Pac Van Inc. - Product / Service
Pac Van Inc. - Key offerings
SWOT
13.15 Satellite Shelters Inc.
Satellite Shelters Inc. - Overview
Satellite Shelters Inc. - Product / Service
Satellite Shelters Inc. - Key offerings
SWOT
13.16 Skanska AB
Skanska AB - Overview
Skanska AB - Business segments
Skanska AB - Key offerings
Skanska AB - Segment focus
SWOT
13.17 STARRCO
STARRCO - Overview
STARRCO - Product / Service
STARRCO - Key offerings
SWOT
13.18 Westchester Modular Homes
Westchester Modular Homes - Overview
Westchester Modular Homes - Product / Service
Westchester Modular Homes - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
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 Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 18: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 19: Chart on US: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on US: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Modular Construction Market in US 2019 - 2023 ($ billion)
Exhibits 22: Historic Market Size - Application Segment 2019 - 2023 ($ billion)
Exhibits 23: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Application - Market share 2024-2029 (%)
Exhibits 32: Data Table on Application - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Application
Exhibits 34: Data Table on Comparison by Application
Exhibits 35: Chart on Residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 36: Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 37: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Commercial - Market size and forecast 2024-2029 ($ billion)
Exhibits 40: Data Table on Commercial - Market size and forecast 2024-2029 ($ billion)
Exhibits 41: Chart on Commercial - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Commercial - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Application ($ billion)
Exhibits 44: Data Table on Market opportunity by Application ($ billion)
Exhibits 45: Chart on Type - Market share 2024-2029 (%)
Exhibits 46: Data Table on Type - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by Type
Exhibits 48: Data Table on Comparison by Type
Exhibits 49: Chart on Permanent - Market size and forecast 2024-2029 ($ billion)
Exhibits 50: Data Table on Permanent - Market size and forecast 2024-2029 ($ billion)
Exhibits 51: Chart on Permanent - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Permanent - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Relocatable - Market size and forecast 2024-2029 ($ billion)
Exhibits 54: Data Table on Relocatable - Market size and forecast 2024-2029 ($ billion)
Exhibits 55: Chart on Relocatable - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Relocatable - Year-over-year growth 2024-2029 (%)
Exhibits 57: Market opportunity by Type ($ billion)
Exhibits 58: Data Table on Market opportunity by Type ($ billion)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2024 and 2029
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Company ranking index
Exhibits 66: Matrix on companies position and classification
Exhibits 67: Abtech Inc. - Overview
Exhibits 68: Abtech Inc. - Product / Service
Exhibits 69: Abtech Inc. - Key offerings
Exhibits 70: SWOT
Exhibits 71: ATCO Ltd - Overview
Exhibits 72: ATCO Ltd - Business segments
Exhibits 73: ATCO Ltd - Key news
Exhibits 74: ATCO Ltd - Key offerings
Exhibits 75: ATCO Ltd - Segment focus
Exhibits 76: SWOT
Exhibits 77: Bechtel Corp. - Overview
Exhibits 78: Bechtel Corp. - Product / Service
Exhibits 79: Bechtel Corp. - Key news
Exhibits 80: Bechtel Corp. - Key offerings
Exhibits 81: SWOT
Exhibits 82: BOXX Modular - Overview
Exhibits 83: BOXX Modular - Product / Service
Exhibits 84: BOXX Modular - Key offerings
Exhibits 85: SWOT
Exhibits 86: Fluor Corp. - Overview
Exhibits 87: Fluor Corp. - Business segments
Exhibits 88: Fluor Corp. - Key news
Exhibits 89: Fluor Corp. - Key offerings
Exhibits 90: Fluor Corp. - Segment focus
Exhibits 91: SWOT
Exhibits 92: GUERDON LLC - Overview
Exhibits 93: GUERDON LLC - Product / Service
Exhibits 94: GUERDON LLC - Key offerings
Exhibits 95: SWOT
Exhibits 96: JL Construction - Overview
Exhibits 97: JL Construction - Product / Service
Exhibits 98: JL Construction - Key offerings
Exhibits 99: SWOT
Exhibits 100: Kwikspace Pty Ltd. - Overview
Exhibits 101: Kwikspace Pty Ltd. - Product / Service
Exhibits 102: Kwikspace Pty Ltd. - Key offerings
Exhibits 103: SWOT
Exhibits 104: Lendlease Corp. Ltd. - Overview
Exhibits 105: Lendlease Corp. Ltd. - Business segments
Exhibits 106: Lendlease Corp. Ltd. - Key offerings
Exhibits 107: Lendlease Corp. Ltd. - Segment focus
Exhibits 108: SWOT
Exhibits 109: McGrath RentCorp, Inc - Overview
Exhibits 110: McGrath RentCorp, Inc - Business segments
Exhibits 111: McGrath RentCorp, Inc - Key offerings
Exhibits 112: McGrath RentCorp, Inc - Segment focus
Exhibits 113: SWOT
Exhibits 114: Pac Van Inc. - Overview
Exhibits 115: Pac Van Inc. - Product / Service
Exhibits 116: Pac Van Inc. - Key offerings
Exhibits 117: SWOT
Exhibits 118: Satellite Shelters Inc. - Overview
Exhibits 119: Satellite Shelters Inc. - Product / Service
Exhibits 120: Satellite Shelters Inc. - Key offerings
Exhibits 121: SWOT
Exhibits 122: Skanska AB - Overview
Exhibits 123: Skanska AB - Business segments
Exhibits 124: Skanska AB - Key offerings
Exhibits 125: Skanska AB - Segment focus
Exhibits 126: SWOT
Exhibits 127: STARRCO - Overview
Exhibits 128: STARRCO - Product / Service
Exhibits 129: STARRCO - Key offerings
Exhibits 130: SWOT
Exhibits 131: Westchester Modular Homes - Overview
Exhibits 132: Westchester Modular Homes - Product / Service
Exhibits 133: Westchester Modular Homes - Key offerings
Exhibits 134: SWOT
Exhibits 135: Inclusions checklist
Exhibits 136: Exclusions checklist
Exhibits 137: Currency conversion rates for US$
Exhibits 138: Research methodology
Exhibits 139: Information sources
Exhibits 140: Data validation
Exhibits 141: Validation techniques employed for market sizing
Exhibits 142: Data synthesis
Exhibits 143: 360 degree market analysis
Exhibits 144: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the modular construction market in us: Abtech Inc., ATCO Ltd, Bechtel Corp., BOXX Modular, Building Pro, Commercial Structures Corp., Fluor Corp., GUERDON LLC, JL Construction, Kwikspace Pty Ltd., Lendlease Corp. Ltd., McGrath RentCorp, Inc, 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 construction 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.
  • BOXX Modular
  • Building Pro
  • Commercial Structures Corp.
  • Fluor Corp.
  • GUERDON LLC
  • JL Construction
  • Kwikspace Pty Ltd.
  • Lendlease Corp. Ltd.
  • McGrath RentCorp Inc
  • Modular Genius
  • Nadler Modular
  • Pac Van Inc.
  • Satellite Shelters Inc.
  • Skanska AB
  • Specialty Modular
  • STARRCO
  • Westchester Modular Homes