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Panelized Modular Building Systems Market Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Published: | Report ID: 8743 | Report Format : PDF

Market Insights:

Panelized modular building systems have emerged as a potential catalyst for increasing construction project productivity, the certainty of delivery, skills, and data transparency. A “panelized modular building system” refers to structural components of building structures such as roof trusses, wall frames, wood kits, floors, stairs, and others that are manufactured and delivered to the site where they are to be assembled as stick-built homes. Panels are 2D planar elements used as the main component in panelized modular building systems. A panelized modular building system uses quality materials, advanced technology, and a modulated work environment to build homes in less time. Numerous benefits that a panelized modular building system offers include better quality structures, better environmental performance and safety, high cost and time savings, and enhanced productivity.

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The most significant factor fueling the panelized modular building systems market is the rising adoption of prefabricated construction worldwide. Various countries, including Japan, China, Sweden, Germany, Australia, India, and others, are investing heavily in prefabricated construction systems in order to accelerate the construction process and reduce costs. As a result, the demand for panelized modular building systems is expected to surge substantially in the coming years. Nonetheless, the need for large prefabrication components, the long time required for ordering and supplying panelized components, and the limited flexibility to allow customized design during the design phase are the major market challenges. However, economies of scale can be obtained by using standardized products, lowering unit costs.

Key end-user sectors for panelized modular building systems are schools, housing, budget hotels, apartment blocks, small healthcare facilities, and others. A number of companies that use panelized modular building systems have expressed an interest in expanding their use of off-site building systems. A coalition between Laing O’Rourke and Legal & General Group plc announced in 2015 that they would build more than 2,000 homes every year, potentially indicating the direction in which future investments in panelized modular building systems will be made. Numerous projects incorporating panelized modular building systems have already been completed successfully, and many more are planned. For instance, a 100-story tower using a panelized modular building system has been approved to be constructed in Melbourne, Australia; project completion was due in 2019.

The global panelized modular building systems market is segmented on the following basis:

Product Type:

  • Panelized Roof Systems
  • Panelized Floor Systems
  • Panelized Wall Systems

Applications:

  • Residential
  • Commercial

Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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Key players identified in the panelized building systems market include but are not limited to:

Nelson Homes, Amwood Homes, Inc., Queen City Panel, High Country Timberframe & Gallery Woodworking Co., Mecart, Inc., East Coast Panelized Wall Systems, Fullerton Companies, GO Logic, Advanced Exterior Systems, EdgeBuilder, Inc., SWS Panel, Inc., Ayrshire Metal Products Plc., Bison Precast Ltd., BW Industries Ltd., Kingspan Timber Solutions Ltd., and others

Frequently Asked Questions:

What is the size of Panelized Modular Building Systems Market?

The market for Panelized Modular Building Systems Market is expected to reach US$ XX Mn By 2026.

What is the Panelized Modular Building Systems Market CAGR?

The Panelized Modular Building Systems Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Panelized Modular Building Systems Market?

The report is forecasted from 2018-2026.

What is the base year considered for Panelized Modular Building Systems Market?

The base year of this report is 2017.

Who are the major players in this market?

Nelson Homes, Amwood Homes, Inc., Queen City Panel, High Country Timberframe & Gallery Woodworking Co., Mecart, Inc., East Coast Panelized Wall Systems, Fullerton Companies, GO Logic, Advanced Exterior Systems, EdgeBuilder, Inc., SWS Panel, Inc., Ayrshire Metal Products Plc., Bison Precast Ltd., BW Industries Ltd., Kingspan Timber Solutions Ltd are some of the major players in the global market.

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