According to a recent report published by Allied Market Research, titled, “U.S. Offsite Construction Market by Basis of Type, Material, and End User Industry: Global Opportunity Analysis and Industry Forecast, 2022-2031,” the U.S. offsite construction market size was valued at $39.5 billion in 2021, and is projected to reach $90.3 billion by 2031, registering a CAGR of 8.5% from 2022 to 2031.
๐๐๐ฉ ๐๐ฃ๐จ๐๐๐ ๐๐๐ค๐ค๐ฅ ๐ค๐ ๐ฉ๐๐ ๐ง๐๐ฅ๐ค๐ง๐ฉ, ๐ง๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐จ๐๐ข๐ฅ๐ก๐:- https://www.alliedmarketresearch.com/request-toc-and-sample/32153
Common materials used in Offsite construction include steel, wood, concrete, and others. Among these, the steel segment accounted for the highest market share in 2021, owing to its easy fabrication and ease in installation. In addition, the market is analyzed across different end-user industries of Offsite construction including residential, data center, renewable energy, manufacturing, and commercial. The market is mainly driven by rise in advantageous features of Offsite construction including reduction of waste, possibilities for circular economy, superior product quality and better health, and safety for workers. However, high initial cost involved in setting-up of Offsite construction fabrication facilities and structural limitations of prefabricated modules constrain growth of the market.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐
Offsite construction is a method of prefabrication in which components of a building are constructed offsite and transported for assembly onsite. It is an emerging trend in the construction industry due to its ability to reduce the time and cost of construction projects. Additionally, offsite construction offers benefits in terms of improved quality, safety and sustainability. This report provides an overview of the U.S. offsite construction market, including current trends, market size and growth, and key players.
Key players in the U.S. Offsite construction industry offer a wide range of products and services to sustain the harsh competition in the market. In addition, business expansion also plays a major role growth of the market. For instance, in June 2021, SGB Development Corp. a wholly-owned subsidiary of the SG Blocks, Inc., partnered with CMC Development Group ZT Architecture + Land Development and Community Development Consortium to develop rental apartment community in a six-acre site on Norman Berry Drive in Atlanta, Georgia. This enables the company to market its capabilities.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ๐
The increasing demand for prefabricated components is driving the growth of the U.S. offsite construction market. Additionally, the rising adoption of sustainable construction practices and the growing awareness of the advantages of offsite construction are expected to have a positive impact on the market in the coming years. Furthermore, technological advancements such as the use of Building Information Modeling (BIM) technology and 3D printing are expected to drive the market growth.
๐๐๐ ๐ ๐ ๐๐ช๐ง๐๐๐๐จ๐ ๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ: – https://www.alliedmarketresearch.com/purchase-enquiry/32153
๐ง๐ต๐ฒ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
The major players in the U.S. offsite construction market include A&S Homes, Blu Homes, Katerra, Red Sea Housing, and Skyline Buildings. These players are engaged in the development of innovative products and services to gain a competitive advantage in the market.
๐๐ป๐ฎ๐น๐๐๐ ๐ฅ๐ฒ๐๐ถ๐ฒ๐
The U.S. offsite construction market is expected to grow at a significant rate during the forecast period. The increasing demand for prefabricated components, the growing adoption of sustainable construction practices, and the technological advancements are the major drivers of the market growth. The key players in the market are focusing on the development of innovative products and services to gain a competitive advantage.
๐๐ค ๐๐ช๐ง๐๐๐๐จ๐ ๐ฉ๐๐๐จ ๐๐ง๐๐ข๐๐ช๐ข ๐๐๐ฅ๐ค๐ง๐ฉ: – https://www.alliedmarketresearch.com/checkout-final/b042f09417028d11d93b7608e47be1dd