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Global Modular Container Market to reach USD 46.81 billion by the end of 2029.

Global Modular Container Market Size study & Forecast, by Type (Mobile Modular Containers, Fixed Modular Containers), by Revenue Source (New Product Sales, Rental), by Usage (Office Container, Sanitary Container, Locker Container, Showroom Containers, Accommodation Containers, Storage Containers, Others), by Container Size (Below 10 Feet, 10-20 Feet, 21-40 Feet, Above 40 Feet), by Application (Construction, Industrial, Education, Healthcare, Automotive, Others) and Regional Analysis, 2022-2029

Product Code: ALTAMC-90225093
Publish Date: 17-04-2023
Page: 200

Global Modular Container Market is valued approximately USD 26.24 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2022-2029. Prefabricated steel buildings called modular containers are utilised as schools, workplaces, labs, hospitals, worker camps on construction sites, and overnight accommodations. Numerous advantages of modular containers include ease of installation, financial effectiveness, and environmental friendliness. The major driving factor for the market are increasing industrial and commercial development and growing lease services.

The modular containers are sturdy and resistant to adverse weather conditions. The number of people relocating into metropolitan areas is expected to increase as industrial and commercial development significantly increases. The widespread usage of modular containers for housing and storage needs as a result of the growing urbanization in cities such as Vancouver (Canada), New York (U.S.), and Mexico City (Mexico) is expected to fuel the market’s expansion in the ensuing years. Along with this, modular containers are offered for lease and renting together with services such as delivery, maintenance, installation, and other ad hoc services by major players such as WillScot Mobile Mini and McGrath RentCorp. Along with this, growing number of lease contract is also driving the growth for the market over the forecast period. The typical lease or rent period in 2020, according to the Relocatable Buildings Report, was 16.7 months, down from 23.4 months in 2019. However, the high cost of Modular Container stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Modular Container Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North America region is dominating the market with biggest share in 2021 is anticipated to rule the market for the entire duration of the projection. Due to the tremendous expansion of infrastructure and industries, modular construction is becoming more and more common in the United States. However, according to industry analysts, modular construction would be used in at least half of the future projects over the course of the next three years. As the widespread usage of modular containers in construction projects throughout the region, Asia-Pacific is anticipated to experience the largest growth throughout the projected period. Since most construction projects are now in progress, safe storage space is needed for supplies like rods and cement. During the forecast period, this is anticipated to grow the target market. The Asia-Pacific region’s market expansion is being spearheaded by China and India.

Major market player included in this report are:
McGrath RentCorp
Prefabricated Modular Steel Structures – MODSTEEL
Falcon Structures
WillScot Mobile Mini Holdings Corp.
PODS Enterprises LLC

Recent Developments in the Market:
Ø Modulaire Group announced the acquisition of Alquibalat, S.L. in November 2021. (Balat). In the building sector, Balat provides modular building containers for hire and for purchase. More than 15,000 of its locations are operating in Spain and Portugal, including those in Madrid, Coruna, Bilbao, Barcelona, Malaga, Seville, and Valencia. Through this transaction, Modulaire grew its market share in Spain.
Global Modular Container Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Revenue Source, Usage, Container Size, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Mobile Modular Containers
Fixed Modular Containers
By Revenue Source:
New Product Sales
By Usage:
Office Container
Sanitary Container
Locker Container
Showroom Containers
Accommodation Containers
Storage Containers
By Container Size:
Below 10 Feet
10-20 Feet
21-40 Feet
Above 40 Feet
By Application:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Modular Container Market, by Region, 2019-2029 (USD Billion)
1.2.2. Modular Container Market, by Type, 2019-2029 (USD Billion)
1.2.3. Modular Container Market, by Revenue Source, 2019-2029 (USD Billion)
1.2.4. Modular Container Market, by Usage, 2019-2029 (USD Billion)
1.2.5. Modular Container Market, by Container Size, 2019-2029 (USD Billion)
1.2.6. Modular Container Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Modular Container Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Modular Container Market Dynamics
3.1. Modular Container Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing industrial and commercial development Growing lease services
3.1.2. Market Challenges High Cost of Modular Container
3.1.3. Market Opportunities Growing initiatives by the key market players
Chapter 4. Global Modular Container Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Modular Container Market, by Type
6.1. Market Snapshot
6.2. Global Modular Container Market by Type, Performance – Potential Analysis
6.3. Global Modular Container Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Modular Container Market, Sub Segment Analysis
6.4.1. Mobile Modular Containers
6.4.2. Fixed Modular Containers
Chapter 7. Global Modular Container Market, by Revenue Source
7.1. Market Snapshot
7.2. Global Modular Container Market by Revenue Source, Performance – Potential Analysis
7.3. Global Modular Container Market Estimates & Forecasts by Revenue Source 2019-2029 (USD Billion)
7.4. Modular Container Market, Sub Segment Analysis
7.4.1. New Product Sales
7.4.2. Rental
Chapter 8. Global Modular Container Market, by Usage
8.1. Market Snapshot
8.2. Global Modular Container Market by Usage, Performance – Potential Analysis
8.3. Global Modular Container Market Estimates & Forecasts by Usage 2019-2029 (USD Billion)
8.4. Modular Container Market, Sub Segment Analysis
8.4.1. Office Container
8.4.2. Sanitary Container
8.4.3. Locker Container
8.4.4. Showroom Containers
8.4.5. Accommodation Containers
8.4.6. Storage Containers
8.4.7. Others
Chapter 9. Global Modular Container Market, by Container Size
9.1. Market Snapshot
9.2. Global Modular Container Market by Container Size, Performance – Potential Analysis
9.3. Global Modular Container Market Estimates & Forecasts by Container Size 2019-2029 (USD Billion)
9.4. Modular Container Market, Sub Segment Analysis
9.4.1. Below 10 Feet
9.4.2. 10-20 Feet
9.4.3. 21-40 Feet
9.4.4. Above 40 Feet
Chapter 10. Global Modular Container Market, by Application
10.1. Market Snapshot
10.2. Global Modular Container Market by Application, Performance – Potential Analysis
10.3. Global Modular Container Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
10.4. Modular Container Market, Sub Segment Analysis
10.4.1. Construction
10.4.2. Industrial
10.4.3. Education
10.4.4. Healthcare
10.4.5. Automotive
10.4.6. Others
Chapter 11. Global Modular Container Market, Regional Analysis
11.1. Modular Container Market, Regional Market Snapshot
11.2. North America Modular Container Market
11.2.1. U.S. Modular Container Market Type breakdown estimates & forecasts, 2019-2029 Revenue Source breakdown estimates & forecasts, 2019-2029 Usage breakdown estimates & forecasts, 2019-2029 Container Size breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
11.2.2. Canada Modular Container Market
11.3. Europe Modular Container Market Snapshot
11.3.1. U.K. Modular Container Market
11.3.2. Germany Modular Container Market
11.3.3. France Modular Container Market
11.3.4. Spain Modular Container Market
11.3.5. Italy Modular Container Market
11.3.6. Rest of Europe Modular Container Market
11.4. Asia-Pacific Modular Container Market Snapshot
11.4.1. China Modular Container Market
11.4.2. India Modular Container Market
11.4.3. Japan Modular Container Market
11.4.4. Australia Modular Container Market
11.4.5. South Korea Modular Container Market
11.4.6. Rest of Asia Pacific Modular Container Market
11.5. Latin America Modular Container Market Snapshot
11.5.1. Brazil Modular Container Market
11.5.2. Mexico Modular Container Market
11.6. Rest of The World Modular Container Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. MODULE-T PREFABRIK SYSTEMS DIS TIC LTD STI Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. Prefabex
12.2.3. McGrath RentCorp
12.2.4. Prefabricated Modular Steel Structures – MODSTEEL
12.2.6. Kwikspace
12.2.7. Falcon Structures
12.2.8. Truston
12.2.9. WillScot Mobile Mini Holdings Corp.
12.2.10. PODS Enterprises LLC
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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