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Panelized Modular Building Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • ID: 4520187
  • Report
  • April 2021
  • Region: Global
  • 120 pages
  • Mordor Intelligence


  • Algeco Scotsman
  • Fusion Building Systems
  • Kingspan Timber Solutions
  • Merronbrook
  • Pinewood Structures
  • SIP Building Systems
  • MORE
The panelized modular building systems market is expected to register a CAGR of above 8%, during the forecast period. The major factors driving the growth of the market studied are the rising demand for off-site construction, increasing demand for structural insulated panels in energy-efficient prefabricated homes, and supportive government incentives and policies. On the flip side, transportation logistics requirements are likely to hamper the growth of the studied market.
  • Residential construction dominated the market. It is likely to grow during the forecast period, due to the rising demand for residential dwellings in Asia-Pacific, North America, and Europe.
  • The increasing investment in infrastructure and commercial constructions in developing economies, and the implementation of building information modeling (BIM) are likely to provide opportunities for the studied market, during the forecast period.
  • North America dominates the global market. However, the Asia-Pacific region is likely to witness the highest growth during the forecast period, owing to the residential and commercial construction activities.
Key Market Trends

Residential Construction Segment to Dominate the Market Demand
  • Panelized modular building system incorporates construction techniques that use advanced technology, quality materials, as well as a controlled work environment for building up energy-efficient homes in less time.
  • Panelization also provides more consistent quality, offers precise construction resulting in a stronger house, and helps in reducing the construction time.
  • The residential construction has been witnessing strong growth in regions, like North America, Asia-Pacific, and Europe.
  • In Asia-Pacific, residential construction is increasing in the countries, including India, China, Indonesia, Singapore, and Vietnam.
  • Whereas, North America and Europe are witnessing growth in residential construction, widely driven by high demand for residential houses in North America.
  • Hence, such market trends are likely to drive the demand for panelized modular building systems, during the forecast period.
North American Region to Dominate the Market
  • The North American region dominated the global market share. The modular construction is witnessing strong growth in the region, and the growth is driven by the growing construction in the region.
  • Interest in modular construction has been traditionally getting strong in the northeastern region of the United States, owing to the declining shipping costs, as well as the growth of larger projects in the region.
  • New investments have been taking place in Oakland, for large scale projects of building modular systems constructed apartments.
  • In Canada, the Vancouver city council asked for another 600 units, almost double the number of temporary modular housing in the city. Seven complexes, featuring a total of 404 homes, have been completed, a 98-unit complex is nearing completion, and two units, which may create another 101 homes, are under construction and are expected to be completed by 2019.
  • Besides, 35% of contractors in the United States are implementing modular construction methods in the designing phase of the building process. Nearly 40% of US contractors have modular construction as part of their future strategic construction initiatives. The rising residential construction and renovation projects in the country are likely to drive the demand for panelized modular building systems.
  • Thus, such a market scenario is estimated to continue during the forecast period, fuelling the demand for panelized modular building construction in the region.
Competitive Landscape

The panelized modular building systems market is fragmented in nature, with numerous players holding insignificant share to individually affect the market demand. Some of the noticeable players in the market include Algeco Scotsman, Modern Prefab Systems Pvt. Ltd Inc., Lindal Cedar Homes Inc., Oregon Timber Frame, and Kingspan Timber Solutions, among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Note: Product cover images may vary from those shown


  • Algeco Scotsman
  • Fusion Building Systems
  • Kingspan Timber Solutions
  • Merronbrook
  • Pinewood Structures
  • SIP Building Systems
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Drivers
4.1.1 Rising Demand for Off-site Construction
4.1.2 Increasing Demand for Structural Insulated Panels in Energy-efficient Prefabricated Homes
4.1.3 Supportive Government Incentives and Policies
4.2 Restraints
4.2.1 Transportation Logistics Requirements
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.6 Regulatory Policy Analysis

5.1 Product Type
5.1.1 Timber Frame
5.1.2 Light Gauge Structural Steel Framing
5.1.3 Concrete
5.1.4 Other Product Types
5.2 Application
5.2.1 Residential
5.2.2 Commercial
5.2.3 Infrastructure
5.2.4 Industrial and Institutional
5.3 Geography
5.3.1 Asia-Pacific China India Japan South Korea ASEAN Countries Australia & New Zealand Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom France Italy Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Algeco Scotsman
6.4.2 Champion Home Builders Inc.
6.4.3 EOS Facades Limited
6.4.4 Frame Homes UK
6.4.5 Fusion Building Systems
6.4.6 Hadley Industries PLC
6.4.7 Innovar
6.4.8 Kingspan Timber Solutions
6.4.9 KLH UK
6.4.10 Lindal Cedar Homes Inc.
6.4.11 Merronbrook
6.4.12 Metek Building Systems
6.4.13 Modern Prefab Systems Pvt. Ltd Inc.
6.4.14 Oregon Timber Frame
6.4.15 Pinewood Structures
6.4.16 Ritz-Craft Corporation
6.4.17 Robertson Timber Engineering
6.4.18 Salvesen Insulated Frames
6.4.19 SIP Building Systems
6.4.20 SIPS Eco Panels
6.4.21 Taylor Lane Timber Frame
6.4.22 Thorp Precast
6.4.23 Walker Timber Group

7.1 Increasing Investment in Infrastructure and Commercial Constructions in Developing Economies
7.2 Implementation of Building Information Modeling (BIM)
Note: Product cover images may vary from those shown


  • Algeco Scotsman
  • Champion Home Builders Inc.
  • EOS Facades Limited
  • Frame Homes UK
  • Fusion Building Systems
  • Hadley Industries PLC
  • Innovar
  • Kingspan Timber Solutions
  • KLH UK
  • 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
Note: Product cover images may vary from those shown