United States Modular Construction Market Set to Touch USD 238 Billion by 2031

Published | 21 February 2025

United States Modular Construction Market is booming primarily due to an increasing focus on tackling labor shortages in the construction sector, meeting the surging demand for affordable housing driven by rapid urbanization, and addressing growing sustainability concerns.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Modular Construction Market size by value at USD 150.07 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects United States Modular Construction Market size to expand at a significant CAGR of 6.80% reaching a value of USD 237.84  billion by 2031. The Modular Construction Market in United States is experiencing significant growth driven by labor shortages, urbanization, housing demand, cost and time efficiency, and sustainability. Modular construction offers faster, more efficient solutions, reducing project timelines and costs, and aligns with environmentally friendly building practices.

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Opportunity – Growing Adoption of Modular Construction in Various Sectors

United States Modular Construction Market is experiencing significant growth due to its increasing adoption across major sectors, including residential, commercial, healthcare, and education. The need for faster project completion, cost efficiency, and reduced material waste is driving demand for modular construction methods. The commercial sector, in particular, is leveraging modular solutions for office spaces, hotels, and retail buildings due to their scalability and sustainability benefits. Additionally, the healthcare industry is utilizing modular construction for hospitals and medical facilities to meet urgent infrastructure demands. The United States Government’s initiatives promoting green building practices and sustainability are further accelerating the adoption of modular construction, making it a preferred choice for diverse industries seeking efficient and eco-friendly building solutions.

Steel Dominates United States Modular Construction Market by Material

Steel is the largest material segment in United States Modular Construction Market. It is favored for its excellent mechanical and chemical properties, including high strength, durability, ductility, and seismic resistance. These attributes make steel highly suitable for modular construction, offering ease of fabrication and fast installation. Steel's recyclability further enhances its appeal, aligning with sustainable building practices. Its versatility allows for use in various structural forms, such as beams and columns, making it a preferred choice for both permanent and relocatable modular buildings across residential, commercial, and industrial applications.

Impact of Escalating Geopolitical Tensions on United States Modular Construction Market

Escalating geopolitical tensions could adversely affect the growth of United States Modular Construction Market through supply chain disruptions, material cost volatility, and labor shortages. United States heavily relies on steel and semiconductor imports from China, which face trade restrictions and tariffs. For instance, in February 2025, the President of United States has recently announced  a significant increase tariffs on steel imports. The United States-China trade war led to a surge in steel prices by over 20% in 2018, affecting modular construction costs. Additionally, the Russia-Ukraine conflict disrupted global energy supplies, increasing transportation and production costs for modular units. Sanctions on Russian aluminum also spiked metal prices by 30% in early 2022. Delays in electronic components for smart modular buildings due to Taiwan-China tensions further hamper the market. Companies now seek domestic sourcing to mitigate risks but face higher costs.

Competitive Landscape

United States Modular Construction Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Lendlease Corp. Ltd, Bechtel Corp., Fluor Corp., BOXX Modular Building, Modular Genius, Nadler Modular, Satellite Shelters Inc., McGrath RentCorp Inc., Pac Van Inc., Westchester Modular Homes, and Commercial Structures Corp. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Modular Construction Market.

Don’t miss the business opportunity in United States Modular Construction Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Modular Construction Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Modular Construction Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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