NORTH AMERICA MODULAR CONSTRUCTION MARKET FORECAST 2023-2032

The North America modular construction market growth evaluation constitutes a detailed analysis of the United States and Canada. The construction sector in the United States has witnessed significant growth over recent years, primarily on account of the increase in private sector expenditure on residential construction. Moreover, the growing population is anticipated to boost the demand for housing in the country, as well, with around 20 million households expected to be constructed over the upcoming decade. The United States commercial construction sector is also predicted to record substantial growth. Accordingly, several upcoming projects are in the pipeline for the country’s building infrastructure industry. For instance, city officials in San Francisco unveiled designs for the South San Francisco Civic Center Campus, entailing a new library, city council chambers, as well as a recreation center. Besides, the budget for this project is estimated to be $210 million.

Furthermore, the growing trend of modular construction is also gaining traction within the United States Government and the Department of Defense. Temporary, relocatable modular buildings provide flexibility, and the US Department of Defense aims to exploit the same in order to build barracks, bunkhouses, administrative office spaces, correctional facilities, hospitals, commissary facilities, intelligence facilities, mess facilities, utility structures, training facilities, and others. As a result, the rise in investments by multiple verticals across the construction industry is set to bolster the demand for modular construction. These factors, in turn, are projected to fuel the market growth in North America during the forecasting years.  

The North America modular construction market is segmented into construction, application, and material. The construction segment includes permanent modular construction and re-locatable modular construction. Permanent modular construction (PMC) utilizes off-site, lean manufacturing methods to prefabricate multi-story or single whole-building solutions in deliverable module units. These components are then transported to a permanent building site. 

Conversely, re-locatable modular construction, also termed portable buildings, are wholly or largely built structures assembled through the modular construction method in a controlled production setting. They are designed to be transported to different construction locations and, subsequently, repurposed.

Some of the leading companies operating in the North America modular construction market include Balfour Beatty PLC, Bouygues Construction, etc.

Balfour Beatty PLC, headquartered in the United Kingdom, is an international infrastructure services business involved in developing, financing, building, and maintaining infrastructure like transportation, social and commercial buildings, as well as power and utility systems. The company’s client base covers government departments and agencies, private sector organizations, and regulated utilities.

Balfour Beatty PLC’s Bathroom Pod entails the offsite manufacturing of bathroom pods completed with fixtures, fittings, and finishes, coupled with the production of story-high panels for glazed façades.