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North America Offsite Construction Market to Hit $80.8

Portland, OR, Nov. 14, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the North America Offsite Construction Market generated $49.46 billion in 2021 and is projected to reach $80.8 billion by 2031, registering a CAGR of 4.9% from 2022 to 2031. changing market trends, market size and estimates, value chain, major investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.

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Report coverage and details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $49.46 billion
Market size in 2031 $80.8 billion
CAGR 4.9%
Number of pages in the report 112
Segments Covered Material, end user industry and country
Drivers Rapid increase in urbanization
Increase in demand for residential and commercial buildings
Opportunities Requirement for less labor resources and better health and safety offered to workers in case of off-site construction
Increase in disposable income and standard of living of the population
holds back Threat to the preservation of the natural heritage and the environment.

COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic has negatively impacted the growth of the North America offsite construction market owing to the presence of government-imposed lockdowns in various countries across the globe.
  • The closures have caused ongoing and upcoming projects to be delayed or canceled due to the imposition of strict social distancing restrictions by the government.
  • These regulations were imposed in order to significantly curb the spread of the virus during the pandemic.
  • The entire construction industry has suffered a severe blow resulting in immense losses. However, many businesses have already shown steady signs of recovery from the pandemic. Therefore, the market should recover quickly.

The report offers a detailed segmentation of the North America offsite construction market on the basis of material, end-user industry, and country. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.

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Based on materials, the steel segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The concrete segment, on the other hand, is expected to quote the fastest CAGR of 5.6% during the forecast period.

Based on the end-user industry, the residential segment held the dominant market share in 2021, holding almost three-fifths of the global market, and is expected to maintain its leading status during the forecast period. The manufacturing segment, on the other hand, is expected to quote the fastest CAGR of 5.2% during the forecast period.

According to the countries, the US segment held the lion’s share in 2021, holding four-fifths of the global market, and is expected to maintain its leading status during the forecast period. The Mexican segment, on the other hand, is expected to quote the fastest CAGR of 6.3% during the forecast period.

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Main actors:

Key players analyzed in the North America Offsite Construction Market report include Blokable Inc., Blu Homes, Emagispace, Falcon Structures, FullStack Modular, Modus Structures Inc, Nomodic, Plant Prefab, Inc., Project Frog and SG Blocks Inc.

The report analyzes these key players in the global North America offsite construction market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.

Reports on trends in the offsite construction industry (book now with 10% discount):

Global Building Finishing Contractors Market Opportunities Analysis and Industry Forecast, 2021-2030

Global Residential Construction Market Opportunities Analysis and Industry Forecast, 2021-2030

Global Concrete Wall Saws Market Opportunity Analysis and Industry Forecast, 2021-2030

Global Concrete Polishing and Grinding Machines Market Opportunities Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market research reportsand “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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