Portable Buildings Market Size, Share, Growth, And Industry Analysis, By Type (Timber and Steel), By Application (Education, Healthcare, Construction, Offices, Hotels, Retail, Leisure & events, Commercial & industrial, Prison, Military and Housing), Regional Forecast By 2031

Updated On: 08 April 2024

Portable Buildings Market Report Overview

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The global portable buildings market size was USD 48904.04 billion in 2021 and the market is expected to reach USD 175,121.12 million in 2031, exhibiting a CAGR of 6.48 % during the forecast period.

The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A prefabricated building that can be readily transported from one place to another is referred to as a portable building. These buildings are often composed of metal or wood. Temporary structures, such as those used in construction or disaster relief, are frequently constructed using them. In locations where conventional construction methods are not practical, they can potentially be employed as permanent constructions.

The portable buildings market has recently shown excellent growth, which is expected to continue in the years to come. The expansion of the portable building industry's size can be due to rising research and development expenditures, the entry of new companies, product innovation, technological advancements, efficient resource allocation, and growing competitiveness among competitors to increase their regional and client bases. The market is expected to develop in the near future as a result of favorable laws, government policies, and incentives. The market will also benefit from an increase in consumer buying power as a result of rising disposable income.

COVID-19 Impact: Halted Transportation Due to Lockdowns to Hamper Market Growth

The epidemic has primarily turned into a financial catastrophe for many consumer goods corporations. Transforming retail inventory management, warehouse inventory management, and supply chain management is necessary to create a new supply and sales strategy. In order to overcome the current growth problem, successful consumer products companies will need to embrace a new strategy that puts their evergreen brands on the winning side. The enforced lockdowns have significantly affected supply lines for most economies both locally and worldwide. The economic advantages of using the world's most effective production elements to produce at scale in the past will no longer be possible if the lockdown situation lasts a long time.

Latest Trends

"Need for Temporary Housing During Calamities to Propel Market Growth"

Increasing demand for temporary housing in disaster areas as a result of natural disasters and other tragedies is one of the reasons driving the growth of the portable building market. The market for portable structures has expanded quickly as a result of the rising need for temporary housing and construction when conventional buildings are no longer an option. With advances like metal framing in place of wood and preassembled wall panels that make transporting them easier, the future is looking bright.

Portable Buildings Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into timber and steel

In terms of product, timber is the largest segment.

• By Application Analysis

Based on application, the market can be divided into education, healthcare, construction, offices, hotels, retail, leisure & events, commercial and industrial, prison, military and housing.

In terms of application, commercial and industrial is the largest segment.

Driving Factors

"Residential Houses to Provide Impetus to the Market Growth"

Residential uses are possible for portable structures. This is due to the fact that these structures are smaller than typical ones, which makes it simpler to transport and set them up in a desired position. Because of their size, they also take up less room. People who have just been evacuated from an area that may not be habitable any longer, such as after a natural disaster has struck and destroyed everything there, can live there in single units like this one. In order to save space, these constructions are typically composed of wood panels supported by metal frameworks.

"Numerous Application of the Portable Buildings to Enhance Market Sales "

Construction, warehousing, temporary office space, and other applications where conventional permanent structures would not be ideal call for the usage of portable buildings. Roofing materials like plywood or drywall are attached by screws through pre-installed wall studs into the joints of adjoining panel sheets, eliminating the need for heavy lifting apparatus like cranes. They are traditionally made from metal or wood framing covered with aluminum siding panels and insulation inside the walls. More exotic materials have been introduced in recent years, such as pre-assembled wall panels, oriented strand boards (OSB), composite boards (laminated veneer lumber), and laminated veneer lumber (LVL).

Restraining Factors

"Lack of Steady Ground to Impede Market Expansion"

Although portable structures don't need foundations, they could shift if the ground they are placed on freezes and thaws. Smaller structures could "shake," while any moveable structure could settle. This could prevent doors from closing properly. This issue can be avoided by giving the building a sturdy base (either footings or a concrete slab), while still allowing the building to be moveable. This is anticipated to Constraint portable buildings market growth.

Portable Buildings Market Regional Insights

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"Asia Pacific to Dominate the Market Due to Increased Disposable Income of the People"

Due to the rising building activities in developing nations, the Asia Pacific area is anticipated to have the highest CAGR and largest portable buildings market share. Additionally, over the forecast period, increased disposable income levels and population growth are likely to increase demand for movable buildings in these areas.

Stringent waste management regulations, along with other factors like economic development and environmental concerns, have pushed builders and developers across Europe towards green building initiatives that will positively impact market growth over the next eight years. As a result, the portable building industry in Europe is expected to experience significant growth over the coming years.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

A highly competitive environment with a large number of manufacturers leading to innovations such as metal framing instead of wood, preassembled wall panels, and others. which are easier to transport than traditional materials. Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Supershed (Australia)
• Vanguard Modular (U.S.)
• Derksen (U.S.)
• Premier Portable Buildings (U.S.)
• Palomar Modular Buildings (U.S.)
• NRB Inc (Belgium)
• EZ Portable Buildings (U.S.)
• Cedar Built USA (U.S.)
• Guerdon Modular Building (U.S.)

Report Coverage

The research provides a market overview along with production costs, dispatch, applications, use volumes, and usage arrangements. The study report provides important details about the business focus at an early stage, including stable strategies developed by recognized market pioneers to establish a firm footing and advance in the industry. Additionally, the significant segments of the portable building market are evaluated based on their performance.