Panelized Modular Building Systems Market

Panelized Modular Building Systems Market Size and Growth Rate:

According to the latest reports published by Research Cosmos, Panelized Modular Building Systems Market was valued at USD xx million in 2018 and projected to reach USD xx million by 2023 growing at a CAGR of xx% during the forecast period 2018 to 2023.

Panelized Modular Building Systems Market – Growth Drivers and Restraints:

Residential construction to be the major end-user in the market supported by the attributes, such as ease of use, installation, time saving. Asia Pacific to be the fastest growing region in the market.

Today, general contractors and developers are facing issues in filling their worker pipeline and keeping up with tight schedules and tighter budgets making it highly difficult to uphold the margins. The owners are preferring to contract with one or two modular factories than to go for finding workers in various labor markets. The usage of panelized modular building systems can reduce the requirement of labor between 40-60% along with cost and timesaving benefits. The traditional general contractors, developers, and owners are collaborating for various construction processes. This change due to increasing scarcity of workers is to drive the market for panelized modular building systems.

The main benefit of offsite construction is higher build quality (better air-tightness and better insulation). The energy usage for panelized modular building systems is relatively less compared to traditionally built houses. The advantages of energy savings can be seen in the heating bills by around 25%. These systems helps in avoiding errors and trades on site. The ongoing research to develop higher build quality is to drive the growth in the residential usage of panelized modular building systems market.

Panelized Modular Building Systems Market – Geographical Overview:

The increased urbanization, government spending, investment, and consumer spending are set to double the ASEAN economies in the next 10-15 years, which is to trigger the growth of infrastructure development in the region. The construction industries of China and India offers the major opportunities for the market owing to the presence of large population. Countries including Thailand, Myanmar, Vietnam, and Malaysia are likely to record rapid growth in the next five years supported by ongoing infrastructure contracts, increased consumer spending and high public and private sector participation making the market for panelized modular building systems to grow at a healthy rate through the forecast period.

Some of the promising companies leading the Panelized Modular Building Systems Market are:

1. Algeco Scotsman
2. Modern Prefab Systems Pvt. Ltd., Inc.
3. Ritz-Craft Corporation
4. Lindal Cedar Homes, Inc.
5. Champion Home Builders, Inc.
6. Oregon Timber Frame
7. Metek Building Systems
8. Taylor Lane Timber Frame
9. Robertson Timber Engineering
10. EOS Facades
11. Kingspan Timber Solutions
12. SIPS Eco Panels
13. Thorp Precast
14. Pinewood Structures
15. Space 4
16. SIP Building Systems
17. Walker Timber Group
18. Hadley Steel Framing
19. Frame Homes (South West)
20. Innovare Systems
21. Merronbrook
22. Fusion Building Systems
23. Salvesen Insulated Frames
24. KLH UK

This research report includes following segmentation for the Panelized Modular Building Systems Market size and forecast until 2023:

Panelized Modular Building Systems Market – By Product Type:

• Timber Frame
• Light Gauge Structural Steel Framing
• Concrete

Panelized Modular Building Systems Market – By Application:

• Residential
• Commercial
• Infrastructure
• Industrial & Institutional

Panelized Modular Building Systems Market – By Geographical Segmentation:

• North America                                                

  • United States                              
  • Canada  

• Europe                                                                               

  • United Kingdom                                         
  • Germany                                      
  • France                                        
  • Italy                              
  • Spain                                          
  • Asia-Pacific                                                   
  • China                                           
  • India                                           
  • Japan                                           
  • South Korea                               

• Latin America                                                                             

  • Brazil                                          
  • Argentina                                    
  • Mexico                                       

• Middle-East & Africa                                                    

  • Middle-East
  • Africa