Authored By: Sarah
25 Aug 2023

Modular Construction Market In US Growth Analysis | Lendlease Corp Ltd, McGrath RentCorp, are among prime Market contributors

Competitive Benchmarking and Forecasts for Market Players 2023-2027

Rising construction and infrastructure development activities followed by improving quality and energy efficiency of modular construction, and on-site constraints have triggered the market advancement of the Modular Construction Market in US. It is estimated to exhibit growth at a CAGR of 5.61% between 2022 and 2027, followed by USD 5,641.62 million revenue growth.

Emerging trends of the market: When it comes to the trends of the market it is observed demand for custom facilities on a budget is very high in the market owing to its cost-effectiveness and affordability. As per data, Homeless Housing in Hilda L.Soil, Los Angeles, US, offered 553,000 housing units in April 2021 through modular construction.

Modular Construction Market in US growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights followed by a deep understanding of the key market players and their product portfolios in our report. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock  Sample Analysis Report.

modular construction market, modular construction market size, modular construction market growth, modular construction market analysisQuick glance at US Modular Construction Market

Core Companies and their key offerings: Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their market presence some of the examples comprise.

  • Lendlease Corp. Ltd offers modular construction solutions such as Engineering, Procurement, and Construction Management services. It also offers urbanization, residential and retirement communities, and infrastructure development.
  • McGRATH RENTCORP. offers modular constructions such as Campus Maker Hybrid, Campus Maker ModPod, Eco II Xpand Two Story Modular Classroom, Complexes, Mobile Offices, and Restrooms. It also rents and sells electronic test equipment nationally and internationally from two facilities located on the grounds of the Dallas Fort Worth International Airport in Grapevine, Texas, and Dollard des Ormeaux, Canada.

Abtech Inc., ATCO Ltd., Bechtel Corp., Black Diamond Group Ltd., Building Pro, Commercial Structures Corp., Fluor Corp., GUERDON LLC, JL Construction, Kwikspace Pty Ltd.Modular Genius, Nadler Modular, etc are some of the prominent names worth mentioning in the US Modular Construction Market sphere. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. Download our sample report.

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition.

Modular Construction Market In US: Market Highlights

  • The Modular construction market in us is segmented by Application (Residential and Commercial) and Type (Permanent and Relocatable).
  • North America led the market with 100% of the market growth set to originate from this region during the forecast period.
  • On-site constraints are one of the primary factors driving the growth of the modular construction market in us. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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