Overview:
Panelized modular building systems have emerged as a potential catalyst in enhancing productivity, certainty in delivery, skills and data transparency of any construction project. Panelized modular building system refers to structural components of building structures such as roof trusses, wall frames, wood kits, floor, stairs and others which are manufactured and delivered to the site where it is to be assembled as stick build homes. Panels are 2D planer elements used as main component in panelized modular building systems. Panelized modular building system uses quality materials, advanced technology, and modulated work environment to build homes in lesser time. Numerous benefits that panelized modular building system offers are better quality structures, better environmental performance & safety, significant cost & time savings and enhanced productivity.
The most significant factor fueling the panelized modular building systems market is rising adoption of prefabricated construction worldwide. Various countries including Japan, China, Sweden, Germany, Australia, India and others are investing heavily on prefabricated construction systems in order to accelerate the construction process and reduce costs. As a result, the demand for panelized modular building systems is expected to spur substantially in the coming years. Nevertheless, need for handling large prefabrication components, long time required for order and supply of panelized components and less flexibility to permit customized design at the design phase are the major challenges faced in the market. However, economies of scale can be obtained with application of standardized products thereby reducing unit cost.
Key end-user sectors for panelized modular building systems are schools, housing, budget hotels, apartment blocks, small healthcare facilities and others. Number of panelized modular building system businesses have announced their interest to enlarging the usage of offsite building systems. Coalition between Laing O’Rourke and Legal & General Group plc., announced in 2015 to build more than 2,000 homes every year; potentially indicating direction in which future investments in panelized modular building systems are made. Numerous projects incorporating panelized modular building system have already been completed successfully, and many more are planned. For instance, a 100 storey tower using panelized modular building system has been approved to be constructed in Melbourne, Australia; the project completion is due in 2019.
The global Panelized Modular Building Systems market is segmented on the following bases:
Key Players Identified in Panelized Building System Market include but are not limited to:
Nelson Homes, Amwood Homes, Inc., Queen City Panel, High Country Timberframe & Gallery Woodworking Co., Mecart, Inc., East Coast Panelized Wall Systems, Fulletron Companies, GO Logic, Advanced Exterior Systems, EdgeBuilder, Inc., SWS Panel, Inc., Ayrshire Metal Products Plc., Bison Precast Ltd., BW Industries Ltd., Kingspan Timber Solutions Ltd. and others.
