Panelized Modular Building Systems Market - Forecast(2020 - 2025)

Report Code: CMR 84429 Report Format: PDF + Excel (Delivery in 48 Hrs)
Panelized Modular Building Systems Market size is forecast to reach around $20 billion by 2025, after growing at a CAGR of 8.6% during 2020-2025. The panelized modular building system is a technology in which walls, roof panels, floors or complete 3-dimensional parts of buildings are pre-manufactured inside the factory and then assembled on site.  An increase in demand for a high quality product with good durability and low capital investment is driving the growth of the panelized modular building system market globally. Moreover, growing environmental concerns and government regulations are also contributing to the growth of panelized modular building system.

Report Coverage
The report: “Panelized Modular Building Systems Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the panelized modular building systems market.

By Type: Timber Frame, Light Gauge Structural Steel Framing, Concrete and Others
By Application: Residential, Commercial, Industrial and Intuitional
By Geography: North America, South America, Europe, APAC and RoW

Key Takeaways
  • United States dominates the panelized modular building system market due to the availability of resources and growing construction activities.
  • Properties such as durability coupled with ease of transportation are the major factors driving the growth of the panelized modular building system market.
  • Increasing environmental concerns and steps towards sustainability are also boosting the growth of the panelized modular building system market.

Type- Segment Analysis
The timber frame segment holds the largest share of more than 30% in the panelized modular building systems market in 2019. Lightweight and ease in transportation and installation in remote inaccessible areas have driven the growth of the panelized modular building system market. Timber frame segments are widely used in earthquake-prone areas to lower the risk of death due to the collapse of the building. Other than timber, light gauge structural steel frames have also shown significant growth due to its strength and noncorrosive nature.

Application - Segment Analysis
Based on the application, the residential segment held the largest share of more than 35% panelized modular building systems market in 2019.  Rise in disposable income and an increase in the standard of living has accelerated the modular construction for residential purposes. According to United States Census Bureau, total complete housing construction in U.S reached 1,176,000 in April 2020. Apart from residential, the commercial segment has also shown significant growth. They are used in areas that have extreme climatic conditions and are used for constructing hospitals and institutions. Also according to the International Energy Agency (IEA), the global floor area in buildings expected to double to more than 415 billion square meters by 2050, which may augments the growth of panelized modular building systems market.

Geography- Segment Analysis
North America dominated the panelized modular building system market with a share of 38% in 2019, followed by Europe and the Asia Pacific. An increase in construction activities coupled with rapid industrialization has driven the growth of the panelized modular building system market in developing nations like China, India, and Japan. Oxford Economics, has forecasted that the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030 and three countries i.e. China, US and India will lead the way and account for 57% of all global growth. Panelized modular constructions are easy to build and require less time, making it popular in disastrous and seismic prone areas. Furthermore, the rising population along with government regulations also fuels the growth of panelized modular building systems market in APAC region.

The outbreak of coronavirus has impacted the growth of panelized modular building systems market. Manufacturing industries are shuttered all around the world and people are stuck in their houses due to Lockdown. Fear about infection has led workers to stay away from the construction sites. Decrease in purchasing capital has impacted the construction sector which in turn hampers the growth of panelized modular building systems market. 

Drivers – Panelized Modular Building Systems Market

  • Low capital investment and flexibility
Panelized modular building construction requires low capital investment with good durability and ease of transportation. Modular buildings can be disassembled and parts can be relocated or refurbished for their next use, resulting in lower demand for raw materials and the amount of energy expended to construct a new building. The ability of modular building to transport from one place to other is driving the growth of panelized modular building systems market.

  • Rise in environmental concerns 
Rising environmental concerns have paved the world towards sustainable development. According to the Waste and Resource Action Programme (WRAP) volumetric offsite construction reduces the production of waste by 1.8% through efficient design and continuous improvement process. Panelized modular constructions also reduce carbon dioxide emissions and site disturbance compared to conventional on-site construction. Almost all equipment used in modular constructions is recyclable and has no harmful effects on the environment and human health, thus propelling the growth of panelized modular building system market.

Challenges – Panelized Modular Building System Market  
        
  • High transportation cost 
Although panelized modular building systems have many advantages over conventional building systems, but transporting the completed modular building sections take up a lot of space and energy. Due to transport and manufacturing restrictions, modules size are limited which in turn affects the room size and acts as a restraint for the growth of panelized modular building systems market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the panelized modular building system market. In 2019, the market of panelized modular building system has been consolidated by the top five players accounting for xx% of the share. Major players in the panelized modular building system market are Algeco Scotsman, Modern Prefab Systems Pvt. Ltd Inc., Lindal Cedar Homes Inc., Oregon Timber Frame, and Kingspan Timber Solutions, Metek Building System, Robertson Timber Engineering, Modern Prefab Systems Pvt. Ltd. Inc., SIPS Eco-Panels, Ritz-Craft Corporation, among others. 

Acquisitions/Technology Launches
  • In February 2020, Algeco Scotsman has acquired NET MODULAR which manufacture premium modular buildings for schools. The acquisition of NET further strengthened the presence of Algeco Scotsman in Australia.
  • In January 2020, Algeco Scotsman has expanded their foot prints in the French market with the acquisition of Altempo SAS.
  • In March 2019, a new consortium has launched to transform the design and built structure of primary schools. This was managed by construction consultants Blacc and funded by Innovate UK.
  • In September 2018, Target Lodging, has signed a lease and service agreement with Arrow Bidco, LLC (“Arrow”), to operate and manage the business and assets of RL Signor Holdings.

1. Panelized Modular Building Systems Market - Market Overview
    1.1 Definitions and Scope
2. Panelized Modular Building Systems Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Panelized Modular Building Systems Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Panelized Modular Building Systems Market - Startup companies Scenario Premium (Premium)
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Panelized Modular Building Systems Market– Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Panelized Modular Building Systems Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Panelized Modular Building Systems Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Panelized Modular Building Systems Market – By Type (Market Size -$Million, KT)
    8.1 Timber Frame
    8.2 Light Gauge Structural Steel Framing
    8.3 Concrete
    8.4 Others
9. Panelized Modular Building Systems Market – Application (Market Size -$Million, KT)
    9.1Resedential
    9.2Commercial
    9.3Industrial & Intuitions
10. Panelized Modular Building Systems Market - By Geography (Market Size -$Million / KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Russia
        10.3.6 Spain
        10.3.7 Netherland
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 South Korea
        10.4.5 Australia& New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 RoW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Panelized Modular Building Systems Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Panelized Modular Building Systems Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Panelized Modular Building Systems Market- List of Key Companies by Country (Premium) 
14. Panelized Modular Building Systems Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

List of Tables

1 US Panelized Modular Building Systems Market Size 2018
2 Canada Panelized Modular Building Systems Market Share 2018
3 Brazil Panelized Modular Building Systems Market Outlook 2019 - 2023
4 Mexico Panelized Modular Building Systems Market Research 2018
5 Germany Panelized Modular Building Systems Market Trends 2019 - 2023 
6 France Panelized Modular Building Systems Market Growth 2019 - 2023 
7 UK Panelized Modular Building Systems Market Demand 2019 - 2023 
8 Italy Panelized Modular Building Systems Market Segmentation 2018
9 Russia Panelized Modular Building Systems Market Analysis 2019 - 2023
10 China Panelized Modular Building Systems Market Revenue 2019 - 2023
11 Japan Panelized Modular Building Systems Market Volume 2019 - 2023
12 South Korea Panelized Modular Building Systems Market Potential 2019 - 2023
13 India Panelized Modular Building Systems Market Leaders 2018
14 Saudi Arabia Panelized Modular Building Systems Market Forecast 2019 - 2023 
15 Kuwait Panelized Modular Building Systems Market Value 2018

List of Figures

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