Modular Container Sales Rise At 6% CAGR Through 2021-2031 Amid Growing Concerns Over Reducing Construction Costs: MR Facts


NEW YORK, July 6, 2021 / PRNewswire / – Fact MR presents impressive prospects for modular container sales for the forecast period 2021 to 2031. According to the study, from 2016 to 2020, the sales of the modular container industry increased by 5. 6% CAGR with overall market revenues totaling over US $ 2 billion in 2020.

Fixed modular containers forecast a record growth of 0.5% to a total of 37,000 units, while movable modular containers saw positive growth of 1.7% to 103,300 units in 2021. In addition, demand for modular containers will grow at 6% CAGR and the market revenue is expected to increase by 1.8X, reaching a valuation of over 3.8 billion US dollars by the end of 2031.

The market is expected to take advantage of the growing demand from various end users to reduce construction costs. Manufacturers around the world are focused on producing sustainable modular containers with energy efficiency certifications.

As these certifications require less pollution and emissions over the life of the project, the focus on sustainability will continue to grow. This has resulted in the production of durable, user-friendly, environmentally friendly and low-emission materials for modular containers.

For example, Karmod, a leading brand in the modular construction industry, has focused on the production of green energy container homes under the new generation container model. These green energy houses will provide a solution to electricity problems. As a result, it will boost the demand for the sale of modular containers.

According to the International Finance Corporation (IFC), the construction of green buildings will create an enabling environment for a positive outlook for modular container demand. It is estimated that green buildings will exceed the rating by more than US $ 24.7 trillion by 2030. Governments of some countries support the provision of loans, increased FDI, investments and subsidies to increase demand for green buildings.

The demand for modular containers will increase in response to the growing emphasis on energy conservation in future smart city residential construction. In this context, key companies are focusing on improving their expertise and product portfolio through strategic collaborations, ”said a Fact MR analyst.

Request a sample report for complete information on

https://www.factmr.com/connectus/sample?flag=S&rep_id=6373

Highlights of the Modular Containers Market Research Report:

  • North America is estimated at more than 50% of the demand for modular construction with a valuation of 40 billion US dollars in 2021.
  • Modular containers in Canada should represent more than 4% of the total construction.
  • Modular containers represent more than 15% of the total construction in Japan.
  • The United Kingdom represents a construction production of US $ 2.1 billion with over 7% of the total construction off-site. This will create lucrative prospects for modular container sales in the country.
  • Modular Container Market in China should reach the value of 327 million US dollars by 2030, accounting for over 9% of the total global modular container market.
  • In terms of container length, the revenue of modular containers with a length between 10 and 20 feet is expected to increase by 7% CAGR in the coming years due to their increasing use in larger construction projects.

Growth drivers:

  • Governments around the world are promoting energy-efficient infrastructure and manufacturing projects, which will drive demand for modular containers.
  • The growing demand for movable modular containers will accelerate modular container sales in the years to come.
  • Global modular container shipments are forecast to increase by 2.1% CAGR in 2021 to exceed 140,000 units.
  • The top 5 key modular container suppliers hold 79% market share in 2020. This will fuel the demand for modular containers.

Main constraints:

  • Strict regulations in some countries for building modular containers or homes based on shipping containers limit sales of modular containers.

Request customization of the modular container market at:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=6373

Competitive landscape

The main players are focused on expansion, investment, acquisitions, portfolio expansion and brand development to increase their visibility in the market. For example,

  • In May 2021, McGrath RentCorp, the parent company of Mobile Modular Portable Storage, has acquired Design Space, a leading supplier of modular buildings and portable storage in the western United States with 2020 revenue of US $ 81 million and EBITDA of US $ 32 million.
  • In October 2020, Qingdao Xinguangzheng Steel Structure Co., Ltd. announced the commissioning of Active Shade, one of its key projects funded by the Qingdao government and spread over 85,000 square meters.
  • In August 2020, Henan K-home Steel Structure has signed an agreement with Singapore Construction Company to order more than 200 sets of container houses.

The major players presented in the modular container market are:

  • ATCO Ltd.
  • Modular Group
  • Qingdao Xinguangzheng Steel Structure Co., Ltd.
  • Karmod Prefabricated Building Technologies
  • Henan K-Home Steel Structure Co., Ltd.
  • Mobile modular portable storage
  • Falcon structures
  • Thurston Group Limited
  • Rapid home construction solutions
  • BMarko Structures
  • Incorporation of cottage industries
  • Incorporation by panel
  • Cassone Leasing Incorporation
  • Atrium Development Co.
  • Kwikspace modular buildings

More information on modular container sales:

Fact MR provides an unbiased analysis of the Modular Container market, presenting historical demand data (2016-2020) and forecast statistics for the period 2021-2031. The study reveals compelling information on the global outlook for modular containers with detailed segmentation on the basis of:

Type

  • Fixed Modular Containers
  • Modular movable containers
  • Prefabricated modular containers

Container length

  • Modular containers
  • Modular containers from 10 to 20 feet
  • > Modular containers of 20 feet

Equipment

  • Modular steel containers
  • Modular fiber-reinforced plastic (FRP) containers

Application

  • Modular Containers for Residential Buildings
  • Modular containers for office buildings
  • Modular containers for hotels and motels
  • Modular containers for retail
  • Modular containers for warehouses
  • Modular containers for healthcare facilities
  • Modular containers for K-12 schools
  • Modular container kiosks
  • Modular containers for other applications

Key Questions Answered In The Modular Containers Market Report

  • The report offers detailed information on the demand outlook for Modular Containers for 2021-2031
  • The market research also highlights the expected sales growth for the Modular Container market between 2021 and 2031.
  • Modular Container Sales Outlook identifies key growth drivers, restraints and other forces impacting prevailing trends and assessing the size and current forecast of assessing sales and technological advancements in the market. within the industry
  • Modular Container On-Demand Sales provide analysis of key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

Explore the facts. MR coverage in consumer goods

Take-Out Container Market – The efforts of food delivery platforms to highlight the safety of delivery have proven to be of great benefit to the take-out container industry. During the period of COVID-19 recovery, the strong consumer preference for ready-to-eat foods and the need for a change in daily routine are expected to continue to shape the growth of the take-out container market.

Blow Molded Containers Market – Major competitors are proactively expanding their production capacity to meet growing market needs as the demand for blow molded containers increases. To keep up with government policies and stay competitive in an ever-growing global market, manufacturers have expanded their R&D facilities. According to Fact.MR Research, Asia Pacific holds the largest share of the global blow molded container market.

Reclosable Rigid Container Market – The global reclosable rigid container market faces a significant hurdle in the form of customer preference for unit dose packaging that does not require a reclosable closure solution. Bottles are a non-repeatable packaging solution for liquid items, and they are expected to be an important sector among all container types in the reclosable rigid container market, with substantial growth expected during the projection period.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. We have offices in the United States and Dublin, while our global headquarters are Dubai. While our experienced consultants use the latest technology to extract hard-to-find information, we believe our USP is the trust clients have in our expertise. Covering a wide spectrum – from automotive and industry 4.0 to consumer goods and retail, our coverage is extensive, but we make sure that even the most specialized categories are analyzed. Contact us with your goals, and we will be a competent research partner.

Contact:

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Office 400
Rockville, Maryland 20852
United States
Phone. : +1 (628) 251-1583
E: [email protected]

SOURCE Fact.MR