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The Global Panelized Building Systems Market is Expected to Witness a CAGR of 6.45% Over the Forecast Period 2022-2028.
A panelized building system comprises construction techniques that use advanced technology, quality materials, and a controlled work environment for building energy-efficient homes in a short span of time. This system builds floors, roof panels, or 3-dimensional parts of a building in a factory and then these parts are assembled on the site. The rise in demand for superior quality products along with low cost and durability is expected to boost the growth of the panelized building systems market. One of the major reasons for rising in the panelized building systems is the migration of people to urban areas. Increasing demand for off-site construction of homes, prefabricated homes, and hospitals during COVID-19 and increasing government policies and incentives are among the major factors driving the growth of the panelized building systems.
Panelized Building Systems Market Drivers:
Increase in environmental concerns is expected to drive the growth of the global panelized building systems market over the forecast period. Panelized modular building construction reduces carbon dioxide emissions and on-site disturbances as compared to conventional methods. The U.K Green Building Council, states that the construction sector utilizes around 400 million tons of materials every year, having an adverse effect on the environment. Moreover, low capital investment and growing demand for off-site construction are expected to augment the growth of the global panelized building systems market during the forecast period.
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Transportation and manufacturing restrictions are expected to hamper the growth of the global panelized building systems market during the forecast period.
North America is expected to witness robust growth in the global panelized systems market during the forecast period, due to the rise in demand for residential houses in the region. Furthermore, Asia Pacific is also estimated to witness growth in the global panelized system market during the forecast period, due to rising population and growing residential and commercial infrastructure.
Key Players are Covered in the Report:
Key players in the global panelized systems market are Metek PLC, Kingspan Timber Solutions, Hunter Douglas Group, Robertson Group Ltd and Etex Building Performance.
In February 2020, Algeco Scotsman acquired NET MODULAR, known for manufacturing modular buildings for schools, this acquisition will strengthen Algeco Scotsman’s presence in Australia.
The Panelized Building Systems Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Panelized Building Systems Market, which highlight the strengths, and 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.
Panelized Building Systems Market Segmentation:
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
Objective of the Panelized Building Systems Market Report:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a 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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* Browse 15 Market Data Tables and 32 Figures on “Panelized Building Systems Market” – Forecast to 2028.
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