According to McKinsey & Company, the U.S. construction market is currently experiencing a massive shift from traditional custom onsite construction to productized offsite construction. This transformation is expected to create $265B in annual profit that will reverberate across the construction value chain benefiting owners, general contractors, and subcontractors that position themselves properly.
Today, the U.S. Construction Industry spends north of
$1.3T annually and represents one of the largest construction markets in the world, yet Offsite Construction is still at the early stages and lags behind countries like Japan, Germany and the UK, who are further along their
adoption curve. But that’s about to change.
In this post, we sit down with Offsite industry experts
Ryan Smith, Founding Partner at
MOD X and
Ryan Ware, VP of Construction and Co-founder at
Vantis. We discuss what it will take for the US construction industry to reach its full Offsite potential and how to capture the lion share of that profit pool in the next 5 years.