Report Overview

The growing adoption of modular construction by major industry verticals driven by a heightened focus on efficient labor management in the construction sector and addressing a surging demand for housing driven by growing population across expanding urban areas is expected to drive United States Modular Construction Market during the forecast period between 2025 and 2031.

United States Modular Construction Market – Industry Size, Trends & Forecast Report, 2031

United States Modular Construction Market size was estimated at USD 150.07 billion in 2024. During the forecast period between 2025 and 2031, United States Modular Construction Market size is projected to grow at a CAGR of 6.80% reaching a value of USD 237.84 billion by 2031. The Modular Construction Market in United States is experiencing rapid growth. Key growth drivers of the market include labor shortages due to retiring workers and fewer foreign-born laborers, prompting a shift toward off-site construction methods. Additionally, rapid urbanization and the need for affordable housing are increasing demand for efficient building solutions. Modular construction offers benefits like reduced project timelines, cost savings, and enhanced quality control through factory-built components. Sustainability concerns also favor modular methods, as they minimize waste and energy consumption.

Modular Construction – Overview

Modular construction involves building structures off-site in controlled factory environments and then transporting them to the site for assembly. This method offers faster construction, cost savings, and sustainability benefits by reducing waste and site disturbances. Modules are built to the same standards as traditional structures, providing flexibility and quality.

United States Modular Construction Market

Growth Drivers

Increasing Labor Shortages

Labor shortages in the United States construction industry are significantly boosting the demand for modular construction. Traditional construction faces delays and increased costs due to a shrinking labor force. Modular construction mitigates these issues by shifting much of the work to controlled factory environments, where labor can be more efficiently utilized. This method allows for simultaneous on-site and off-site work, reducing project timelines and labor costs. Therefore, modular construction is becoming an increasingly attractive solution for developers and builders facing labor challenges.

Challenges

Supply Chain Disruptions

Supply chain disruptions could pose a significant challenge to the growth of United States Modular Construction Market. Issues such as raw material shortages, transportation hurdles, and global shipping delays impact project timelines and inflating costs. These disruptions can lead to extended schedules and increased expenses, affecting the overall efficiency and cost-effectiveness of modular construction projects. Addressing these supply chain challenges is crucial for the industry to maintain its growth and deliver projects on time and within budget.

Impact of Escalating Geopolitical Tensions on United States Modular Construction Market

Intensifying geopolitical tensions between United States and other major countries could adversely affect the growth of United States Modular Construction Market by disrupting global supply chains, increasing material costs, and causing project delays. Trade disputes, sanctions, and increasing tariffs affect the availability and pricing of essential construction materials like Ltd and lumber. These disruptions lead to higher project costs and extended timelines, challenging the efficiency and cost-effectiveness of modular construction projects. Companies must navigate these complexities to maintain growth and deliver projects on time and within budget.

United States Modular Construction Market

Segmental Coverage

United States Modular Construction Market – By Type

United States Modular Construction Market by type is divided into Residential, Commercial, Industrial, Healthcare, Education, and Hospitality segments. The residential segment is the largest type in United States Modular Construction Market. The segment includes single-family homes and multi-family homes, which are in high demand, due to the rapid urbanization and the need for affordable housing solutions. Modular construction offers cost savings, faster construction times, and flexibility, making it an attractive option for residential projects. The residential segment benefits from reduced labor costs and minimized site disturbances, driving significant growth in the area.

United States Modular Construction Market – By Material

On the basis of material, United States Modular Construction Market is divided into Wood, Ltd, and Concrete segments. The Ltd segment is the largest material in United States Modular Construction Market. Ltd is favored for its exceptional mechanical and chemical properties, including high strength, durability, ductility, and seismic resistance. Its ease of fabrication and rapid installation make it a preferred choice in modular construction. Steel’s recyclability aligns with sustainable building practices, and its lighter weight compared to other materials facilitates efficient transportation and assembly, reducing on-site disruptions and costs. These attributes make Ltd a dominant material in United States modular construction industry.

United States Modular Construction Market – By Application

Based on application, United States Modular Construction Market is divided into Relocatable and Permanent segments. The permanent modular construction segment holds a larger share of United States Modular Construction Market, due to the increasing per capita income among the middle-income group and the easy availability of finances, leading to a prevailing trend of homeownership. Consequently, the permanent segment has experienced significant growth, positively influencing United States Modular Construction Market.

United States Modular Construction Market – By End User

By end user, United States Modular Construction Market is divided into Developers, Builders, Homeowners, Institutions, and Government Agencies segments. The developers segment is the largest end user in United States Modular Construction Market. Developers are increasingly adopting modular construction due to its cost-effectiveness, speed, and flexibility. This segment benefits from reduced construction timelines and lower labor costs, making modular construction an attractive option for large-scale projects. Developers also leverage modular construction to meet sustainability goals and address labor shortages, driving significant growth in this segment.

Competitive Landscape

Major companies operating in United States Modular Construction 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In July 2023 – Boxx Modular, Inc. (Black Diamond Group) finalized a 27,000-square-foot temporary modular structure at the University of Delaware’s Star Campus. The design, intended for scientific laboratories and classrooms, was made up of 32 modules.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2031
	Base Year – 2024
	Estimated Year – 2025
	Forecast Period – 2025–2031
Facts Covered	Revenue in USD Billion
Market Coverage	United States
Product/ Service Segmentation	Type, Material, Application, End User
Key Players	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, Commercial Structures Corp.

 

By Type     

• Residential

• Commercial

• Industrial

• Healthcare

• Education

• Hospitality

By Material

• Wood

• Steel

• Concrete

By Application

• Relocatable

• Permanent

By End User

• Developers

• Builders

• Homeowners

• Institutions

• Government Agencies

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Modular Construction Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Drivers
         1. Rapid Urbanization
         2. Deepening Labor Shortages
         3. Growing Sustainability Concerns
      2. Restraints
         1.  High Initial Costs
      3. Opportunities
         1. Growing Adoption of Technological Advancements
         2. Demand for Modular Construction in Various Sectors
      4. Challenges
         1. Regulatory Barriers
         2. Supply Chain Disruptions
         3. Perception Issues
         4. Limited Awareness about Benefits
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. United States Modular Construction Market: Marketing Strategies
5. United States Modular Construction Market: Pricing Analysis
6. United States Modular Construction Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type     
         1. Residential
         2. Commercial
         3. Industrial
         4. Healthcare
         5. Education
         6. Hospitality
      2. By Material
         1. Wood
         2. Steel
         3. Concrete
      3. By Application
         1. Relocatable
         2. Permanent
      4. By End User
         1. Developers
         2. Builders
         3. Homeowners
         4. Institutions
         5. Government Agencies
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. United States Modular Construction Market Share Analysis, 2024
      1. 1. Competitive Benchmarking, By Operating Parameters
   3. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Modular Construction Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Lendlease Corp. Ltd
   2. Bechtel Corp.
   3. Fluor Corp.
   4. BOXX Modular Building
   5. Modular Genius
   6. Nadler Modular
   7. Satellite Shelters Inc.
   8. McGrath RentCorp Inc.
   9. Pac Van Inc.
   10. Westchester Modular Homes
   11. Commercial Structures Corp.
   12. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       United States Modular Construction Segmentation                     

Figure 2       United States Modular Construction Market Value Chain Analysis          

Figure 3       Company Market Share Analysis, 2024                  

Figure 4       United States Modular Construction Market Size, By Value (USD Billion), 2019–2031                            

Figure 5       United States Modular Construction Market Share, By Type, By Value, 2019–2031                            

Figure 6       United States Modular Construction Market Share, By Material, By Value, 2019–2031                                                 

Figure 7       United States Modular Construction Market Share, By End User, By Value, 2019–2031

Figure 8       United States Modular Construction Market Share, By Application, By Value, 2019–2031

Figure 9       United States Modular Construction Market Share, By Type, By Value, 2019–2031

 

List of Tables

Table 1         United States Modular Construction Market Size, By Value (USD Billion), 2019–2031

Table 2         United States Modular Construction Market Share, By Type, By Value, 2019–2031                            

Table 3         United States Modular Construction Market Share, By Material, By Value, 2019–2031                                                 

Table 4         United States Modular Construction Market Share, By End User, By Value, 2019–2031

Table 5         United States Modular Construction Market Share, By Application, By Value, 2019–2031

Table 6         United States Modular Construction Market Share, By Type, By Value, 2019–2031

Table 7         Lendlease Corp. Ltd Company Overview

Table 8         Lendlease Corp. Ltd Financial Overview

Table 9         Bechtel Corp. Company Overview

Table 10       Bechtel Corp. Financial Overview

Table 11       Fluor Corp. Company Overview

Table 12       Fluor Corp. Financial Overview

Table 13       BOXX Modular Building Company Overview

Table 14       BOXX Modular Building Financial Overview

Table 15       Modular Genius Company Overview

Table 16       Modular Genius Financial Overview

Table 17       Nadler Modular Company Overview

Table 18       Nadler Modular Financial Overview

Table 19       Satellite Shelters Inc. Company Overview

Table 20       Satellite Shelters Inc. Financial Overview

Table 21       McGrath RentCorp Inc. Company Overview

Table 22       McGrath RentCorp Inc. Financial Overview

Table 23       Pac Van Inc. Company Overview

Table 24       Pac Van Inc. Financial Overview

Table 25       Westchester Modular Homes Company Overview

Table 26       Westchester Modular Homes Financial Overview

Table 27       Commercial Structures Corp. Company Overview

Table 28       Commercial Structures Corp. Financial Overview