Summary
The global Panelized And Modular Building System Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
There are many uses for a modular building system, as it allows the builders to construct as large or small a building as desired, and at any location without having to worry about construction permits. This is the perfect alternative to pre-built homes that can be delivered to any area of the country with little effort, saving the builder time and money as well. Using this type of system allows the home builder to keep costs down by not having to pay for a site preparation fee, and to avoid hiring employees to oversee the construction. The global panelized and modular building system market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global panelized and modular building system market is expected to witness significant growth during the forecast period, owing to supportive government policies and incentives.
Market Drivers
Increasing demand for structural insulated panels in energy-efficient prefabricated homes is expected to drive growth of the global panelized and modular building system market during the forecast period. The demand for structural insulated panels has increased significantly over the years since consumers are increasingly preferring energy-efficient prefabricated homes. For instance, in January 2021, Urban & Civic and TopHat launched contemporary modular homes in Houlton. Hence, such factors are expected to drive growth of the global panelized and modular building system market during the forecast period. Furthermore, supportive government policies and incentives are expected to propel the global panelized and modular building system market growth over the forecast period.
Market Restraints
Challenges associated with transportation logistics are expected to hinder the global panelized and modular building system market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global panelized and modular building system market during the forecast period. This is owing to rapid growth of the construction sector in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to supportive government policies in the region.
Competitive Section
Major companies operating in the global panelized and modular building system market are Algeco Scotsman, Frame Homes UK, Champion Home Builders Inc., Metek Building Systems, Robertson Timber Engineering, Modern Prefab Systems Pvt. Ltd Inc., Oregon Timber Frame, and SIP Building Systems.
The Panelized And Modular Building System Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Panelized And Modular Building System Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Algeco Scotsman
- Champion Home Builders Inc.
- EOS Facades Limited
- Frame Homes UK
- Fusion Building Systems
- Hadley Industries PLC
- Innovar
- Kingspan Timber Solutions
- Lindal Cedar Homes Inc.
- Merronbrook
- Metek Building Systems
- Modern Prefab Systems Pvt. Ltd Inc.
- Oregon Timber Frame
- Pinewood Structures
- Ritz-Craft Corporation
- Robertson Timber Engineering
- Salvesen Insulated Frames
- SIP Building Systems
- SIPS Eco Panels
- Taylor Lane Timber Frame
- Thorp Precast
- Walker Timber Group
By the Product Type, the market is primarily segmented into:
- Timber Frame
- Light Gauge Structural Steel Framing
- Concrete
- Other
By Applications, the market is segmented into:
- Residential
- Commercial
- Infrastructure
- Industrial
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Panelized And Modular Building System Market Report:
- To assess the size of the market by value and volume
- Analyze the Panelized And Modular Building System Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Panelized And Modular Building System Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Panelized And Modular Building System Market
The Panelized And Modular Building System Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Panelized And Modular Building System Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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