Panelized Modular Building Systems Market Growth, Trends, Value, Demand, Analysis Report

Market Overview

Panelized modular building systems pre-manufacture wall, floor, and roof panels, as well as whole 3-dimensional building components, at a factory before assembling them on-site. Panelized modular building systems are an affordable approach to boost construction output and speed. The need for offsite building is increasing, as is the demand for structural insulated panels for energy-efficient prefabricated houses, and government incentives and laws are all contributing to this growth. The advantages of panelized modular structures, such as reduced staffing requirements and cost and time savings, are also driving the market.

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Market Drivers

Increasing adoption of pre-fabricated construction system

The phrase "pre-fabricated home" encompasses a variety of building techniques. In principle, any house with factory-produced building components that are constructed on-site counts as "prefab." Modular and panelized dwellings are examples of prefabricated homes. With advances in prefabrication technology and dimensional precision, architects and engineers can design one-of-a-kind, ground-breaking buildings of exceptional quality. Because the components may be modified, the prefab building approach enables designers and engineers to plan for future construction projects. Thus, prefabrication is a popular alternative throughout the projected period, and it is likely to provide market prospects for panelized modular building systems, particularly in countries such as the United States and Canada.

Market Opportunities

The Nest Modular Housing project in Ho Chi Minh City, Vietnam, uses modular building methods to solve contemporary social and economic concerns in Vietnamese cities. The project's 7,500-square-foot plots will have 225 modular houses and a building height of 639 meters, as well as stores, communal amenities, and gardens. The expected construction cost of USD 21,500,000 is fueling market demand for panelized modular building systems. As a result, ongoing and completed projects in developing economies, as well as the promotion of modular construction and the use of panelized modular systems to address these economies' growing populations, are changing the public's perception of modular construction, giving it the potential for high design and a modern high-tech image, which will eventually drive market demand.

Market Segmentation

The global Panelized Modular Building Systems Market is segmented by
technology, material, and application.

By Technology

• Panelized Building Systems
• Modular Building Systems

By Material

• Wood based
• Concrete based
• Metal based
• Others

By Application

• Residential
• Commercial

Industry News

In January 2023, Enterprise and Wells Fargo Foundation announced USD 20M Housing Affordability Breakthrough Challenge.
In January 2023, Weston stated first MMC homes would start rolling off the production line by spring.

Market Key Players

Key players included in the Panelized Modular Building Systems Market are Robertson Group (Holdings) Limited, BARRATT DEVELOPMENTS PLC, Saint-Gobain, Inc., Sumitomo Riko Company Limited, WillScot, CHAMPION HOME BUILDERS, INC., Metek Plc., Thorp Precast Ltd, Hadley Industries PLC and SEKISUI HOUSE, LTD.

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