Modular Construction Industry Reports & Analysis
The Modular Building Institute gathers and distributes statistical information about the size and growth of the commercial modular construction industry. These reports have become the leading source of information on the industry and are used worldwide by investment firms, banks, the media, researchers, consultants, and students.
Contents include General Industry Descriptions, Floors Shipped, Gross Sales, Sales by Market Segment, Dealer Gross Revenue, Lease Fleet Composition, Sale of Used Units, Industry Manufacturing Data, Industry Estimates, and Visuals of Contemporary Modular Buildings. Written in a concise fact-filled manner, these surveys are full of interesting and helpful information.
2023 Annual Modular Construction Industry Report
The Modular Building Institute's 2023 Permanent Modular Construction Industry Annual Report is now available! Get the latest and best available information and data showing modular industry trends, growth instigators, and best practices for permanent modular construction across North America.
Not a member of the Modular Building Institute? That's okay! Our industry-leading permanent modular industry report is FREE. Our complementary relocatable buildings report is coming soon.
Don't miss out—this data isn't available anywhere else!

2023 PERMANENT MODULAR CONSTRUCTION REPORT
This completely redesigned report looks at current drivers and trends of the commercial modular construction industry and provides a regional analysis of the North American market. Financial trends and forecasts, environmental impacts, as well as revenue and market share data, are also included.

Executive Summary
The permanent modular construction (PMC) industry topped $12 billion in North America in 2022, accounting for 6.03 percent of all new construction starts. This continued market share growth is impressive, considering it has nearly tripled since 2015, when market share was 2.14 percent.
The reasons for continued growth are numerous, including cost and schedule predictability and savings, environmental advantages, and worker safety, all of which are detailed in this report.
MBI gathers data from this report from two primary sources:
- Direct financial and production data from modular manufacturers
- Project data from case studies submitted to the Modular Building Institute (MBI)
MBI estimates that there are 255 modular manufacturing companies in North America generating some portion of revenue from the commercial
modular industry. This figure does not include modular factories that generate no revenue from the commercial sector (i.e., revenue derived exclusively from the single-family modular home and/or manufactured housing sectors).
In 2022, 24 modular manufacturers reported total production of 8,123,554 square feet, for an average of 338,481 square feet each. MBI estimates the projects utilizing modular construction accounted for approximately 6.14 percent of the total square footage for new construction in 2022.
MBI also analyzed 62 modular projects completed in 2022. The average size for projects completed was 24,057 square feet, consisting of an average of 37 modules each. The average time to complete each project from approval to occupancy was just 309 days, while the average total cost of these projects was $6,708,142, for an average cost per square foot of $278.84.
For the third year in a row, the multifamily sector was the largest market for the modular industry, accounting for about one-third of all factory output. Other key markets include office and administrative, institutional and assembly, and education.
Using these averages provided by the MBI survey and manufacturers’ input of data, it is possible to estimate certain information about the industry as a whole. While the calculated information is reliable only to the extent the data provided by industry participants is accurate, MBI’s data comes directly from its modular manufacturer members and represents the most comprehensive and accurate industry information available in North America.
Past Industry Reports
Looking for additional data? MBI's 2022, 2021, and 2020 are available below. For older reports, contact us.
Permanent Modular Construction Reports
Permanent Modular Construction (PMC) is an innovative, sustainable construction delivery method utilizing offsite, lean manufacturing techniques to prefabricate single or multi-story whole building solutions in deliverable module sections. PMC modules can be integrated into site built projects or stand alone as a turn-key solution and can be delivered with MEP, fixtures and interior finishes in less time -- with less waste, and higher quality control compared to projects utilizing only site-built construction. Recent research has come out supporting the fact that modular construction is an efficient construction process and poised to help the construction industry grow.



Relocatable Buildings Reports
A Relocatable Building (RB) is a partially or completely assembled building that complies with applicable codes or state regulations and is constructed in a building manufacturing facility using a modular construction process. Relocatable buildings are designed to be reused or repurposed multiple times and transported to different building sites. They are utilized for schools, construction site offices, medical clinics, sales centers, and in any application where a relocatable building can meet a temporary space need. These buildings offer fast delivery, ease of relocation, low-cost reconfiguration, accelerated depreciation schedules and enormous flexibility. Relocatable buildings are not permanently affixed to real estate but are installed in accordance with manufacturer’s installation guidelines and local code requirements. These buildings are essential in cases where speed, temporary space, and the ability to relocate are necessary.



Canadian Commercial Modular Construction Reports
In 2019, MBI represented 60 companies based in Canada, including 26 manufacturers of modular structures. MBI estimated that there are about a total of 45 modular manufacturers in Canada fabricating for a variety of markets including residential, multi-family, commercial, educational, and industrial sectors. There were also an estimated 15 or so smaller fabrication warehouses doing renovations and modifications for various markets. This report details in the entire modular industry—permanent modular construction and relocatable buildings—in Canada.

