Summary

Overview
Global Panelized Modular Building Systems Market reached US$ 114.84 billion in 2023 and is expected to reach US$ 183.30 billion by 2031, growing with a CAGR of 6.02% during the forecast period 2024-2031.
The global panelized modular building systems market is experiencing substantial growth, driven by a surge in demand for sustainable construction solutions, rising urbanization and an increased focus on efficient, cost-effective building methods. Panelized modular construction, where wall, floor and roof panels are prefabricated in factory settings before being assembled on-site, provides benefits like decreased construction time, reduced labor expenses and decreased on-site waste.
According to the Modular Building Institute (MBI), panelized construction can reduce build times by up to 50% compared to traditional construction methods. This efficiency has made it an attractive choice for residential, commercial and industrial buildings, especially in regions facing labor shortages and high housing demand. Furthermore, the approach is in line with worldwide sustainability objectives, endorsing a rising demand for environmentally-friendly resources and energy-saving constructions, which is progressively encouraged by government incentives and requirements.
Asia-Pacific is anticipated to lead the panelized modular building systems market during the forecast period, driven by strong demand for products like roof panels, floor panels, wall modules and a variety of modular components across residential, commercial, industrial and infrastructure sectors. the Asian Development Bank (ADB) has projected that Asia will require US$ 1.7 trillion annually in infrastructure investments through 2030 to maintain economic growth and adapt to urban demand.
Dynamics
Technological Advancements and Demand for Sustainable Construction
The adoption of advanced manufacturing technologies, including automation, robotics and digital design tools like Building Information Modeling (BIM), is enhancing the efficiency and precision of panelized modular construction. These advancements enable improved quality assurance, increased manufacturing speed and personalized designs that meet individual building standards and client requirements. According to Global Infrastructure Hub, USe of digital tools in modular construction could reduce project costs by 20%, making it an economically viable option for large-scale projects.
The rising emphasis on sustainable construction, bolstered by the United Nations Environment Programme (UNEP), is driving demand for modular solutions that support reduced energy consumption, minimized material waste and improved building performance. In the European Union, directives like the Energy Performance of Buildings Directive (EPBD) encourage the adoption of energy-efficient materials and modular construction techniques, further fueling market growth.
Rising Urbanization and Housing Demand
Global urbanization and population growth are significantly contributing to the demand for affordable, efficient housing. The World Health Organization (WHO) predicts that 68% of the global population will live in cities by 2050, leading to a greater demand for housing options that can be easily expanded. Panelized modular systems are a practical solution for this need, especially in densely populated urban locations and can support intricate, multi-level structures.
Emerging economies in Asia-Pacific, particularly China and India, are experiencing rapid urbanization and housing shortages, prompting government support for modular construction. For example, China has implemented rewards for prefabricated buildings as part of its 13th Five-Year Plan, with the goal of raising the percentage of prefabricated buildings in new constructions to 30% by 2025. Similarly, the Indian government’s Pradhan Mantri Awas Yojana (PMAY) scheme, focused on affordable urban housing, has seen significant interest in modular construction to meet its ambitious goals.
Safety Concerns and Workforce Shortages
Safety and quality assurance are critical factors driving the adoption of panelized modular systems. The International Code Council (ICC) and national bodies such as the National Institute of Standards and Technology (NIST) in US have developed comprehensive guidelines to ensure the safety, durability and performance of modular buildings. These guidelines cover aspects such as fire safety, structural integrity and thermal insulation, helping to standardize practices in the industry and build trust among consumers and contractors.
Furthermore, shortage of skilled labor, particularly in the construction industry hamper the market growth of panelized modular building systems. According to the International Labour Organization (ILO), the construction sector faces a global workforce deficit, impacting the timely completion of projects. Modular construction, which requires fewer on-site laborers, is a practical solution for regions facing this shortage, as panels can be manufactured off-site and assembled quickly on location.
Segment Analysis
The global panelized modular building systems market is segmented based on technology, material, panel, product, application and region.
Wood Based Structure Provides High-performance and Energy-Efficient Passive Designs
In US approximately 35 million homes—representing nearly one-third of the national housing stock—are classified as being at "high risk" for natural disasters. To efficiently and cost-effectively rebuild a city after such events, it is essential to prioritize resilience against future disasters. Manufactured offsite, engineered wood construction solutions such as glulam and CLT are suitable for addressing these goals as they can be quickly installed.
Pre-made wooden parts, utilized in wooden frames and mass timber structures, have helped solve many design and engineering problems. Pre-made wooden components provide effective passive designs, energy efficiency, material and time savings, waste reduction and cost control. Pre-built projects offer consumers alternative choices for conventional residential buildings due to the fact that the construction takes place away from the actual site. Every customer has the option to choose a particular design and add in any desired services.
Due to its versatility and numerous design choices, wood provides users with a variety of design options and finishes. The project's sustainability depends on reduced waste, efficient environmental performance and material flexibility. The biophilic characteristics of wood enhance human well-being and promote environmental consciousness. Pre-built wooden parts could include light-frame walls and roof trusses or mass timber elements like cross-laminated timber panels, dowel-laminated timber panels, nail-laminated timber panels and glue-laminated timber columns and beams.
Geographical Penetration
Strong Demand for Infrastructural & Residential Construction in North America
North America dominated the global market share. Panelized modular construction is experiencing strong growth in the area, driven by the region's growing construction. The market for panelized modular building systems in North America is primarily driven by rising demand for pre-fabricated building structures and a growing emphasis on reducing overall construction costs and time. Panelized modular building systems employ construction techniques that use advanced technology, high-quality materials and a controlled work environment to construct energy-efficient homes in less time.
Interest in panelized modular building systems has traditionally been high in US and Canada, owing to lower shipping costs and the expansion of larger projects in the region. According to the Canada Mortgage and Housing Corporation (CMHC), to improve affordability, Canada needs to build 3.5 million more homes by the year 2030. The country's rising residential construction and renovation projects are expected to demand panelized modular building systems.
Competitive Landscape
The major global players in the market include DS Smith PLC, International Paper, Amcor plc, WestRock Company, Mondi Group, Rengo Co. Ltd., Stora Enso, Billerud, Smurfit Kappa Group and Nippon Paper Industries Ltd.
Sustainability Analysis
The panelized modular building systems market is increasingly aligning itself with global sustainability targets, focusing on eco-friendly building practices, waste reduction and energy efficiency. Panelized modular building systems significantly reduce on-site waste due to their prefabricated nature. Materials are cut and assembled in controlled factory settings, enabling precise measurements that minimize off-cuts and leftover materials. According to the Modular Building Institute (MBI), modular construction can reduce waste materials like timber, cardboard, plastics and concrete by up to 90% compared to traditional construction methods, where on-site miscalculations and excessive off-cuts are common.
Modular systems can integrate advanced insulation materials, high-efficiency windows and HVAC systems, which result in buildings with lower operational energy requirements. According to the International Energy Agency (IEA), modular construction reduces energy use in both the production and operation phases, supporting countries in their journey toward net-zero emissions. In US, LEED-certified modular buildings demonstrate a 20-30% reduction in operational energy consumption, translating to lower greenhouse gas emissions over the building’s lifecycle.
Russia-Ukraine War Impact
The Russia-Ukraine conflict has had a significant impact on the panelized modular building systems market, with disruptions in raw material supply chains, rising costs and geopolitical instability. With production facilities and transportation networks disrupted due to the war, exports have dropped sharply. Steel supplies from Ukraine decreased by over 40%, forcing modular builders to look for alternative sources, which has driven up prices and delayed projects.
Energy prices in Europe have surged due to the region’s reliance on Russian natural gas and oil, which affects the cost of producing modular construction components. According to the European Central Bank, energy-intensive manufacturing sectors have faced a 50% increase in production costs since the onset of the conflict, with modular factories feeling the pressure due to the rising operational expenses.

By Technology
● Panelized Building Systems
● Modular Building Systems
By Material
● Wood based
● Concrete based
● Metal based
● Others
By Panel
● Wall Modules
● Roof Panels
● Floor Panels
● Other Panels
By Product
● Timber Frame
● Light Gauge Structural Steel Framing
● Other Products
By Application
● Residential
● Commercial
● Industrial
By Region
● North America
o US
o Canada
o Mexico
● Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
● South America
o Brazil
o Argentina
o Rest of South America
● Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
● Middle East and Africa
Key Developments
● April 2024, The National Association of Home Builders (NAHB) has launched a new video series focused on off-site construction, aimed at educating builders, developers and consumers about the benefits and processes involved in this innovative building method. The series will cover key topics such as the advantages of modular and panelized construction, integration of technology and efficiency improvements.
● In February 2024, Timber Age Systems, a cross-laminated timber (CLT) panel manufacturer, has secured $3.9 million from Colorado’s Proposition 123 funding to establish a factory in Mancos, Colorado. This initiative is part of a state-wide push to increase affordable housing production, with Timber Age’s factory projected to produce 122 homes annually. Using sustainable, locally harvested timber, Timber Age focuses on eco-friendly, high-performance housing. Other companies also received funding to boost Colorado’s modular housing production capacity, collectively aiming for 4,755 units annually.
● In March 2021, Saint-Gobain obtained a controlling interest in Brüggemann Holzbau Group, Germany's leading company for turnkey modular timber construction. The purchased company is now functioning as Saint-Gobain Brüggemann Holzbau GmbH. The purchase provided Saint-Gobain with a competitive advantage in eco-friendly prefabricated building solutions and boosted its presence in the German markets.
Why Purchase the Report?
● To visualize the global panelized modular building systems market segmentation based on technology, material, panel, product, application and region.
● Identify commercial opportunities by analyzing trends and co-development.
● Excel spreadsheet containing a comprehensive dataset of the panelized modular building systems market, covering all levels of segmentation.
● PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
● Product mapping available as excel consisting of key products of all the major players.
The global panelized modular building systems market report would provide approximately 78 tables, 73 figures and 205 pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

ページTOPに戻る

Table of Contents

1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Technology
3.2. Snippet by Material
3.3. Snippet by Panel
3.4. Snippet by Product
3.5. Snippet by Application
3.6. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Technological Advancements and Demand for Sustainable Construction
4.1.1.2. Rising Urbanization and Housing Demand
4.1.2. Restraints
4.1.2.1. Safety Concerns and Regulatory Support
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion
6. By Technology
6.1. Introduction
6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
6.1.2. Market Attractiveness Index, By Technology
6.2. Panelized Building Systems*
6.2.1. Introduction
6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
6.3. Modular Building Systems
7. By Material
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
7.1.2. Market Attractiveness Index, By Material
7.2. Wood based*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Concrete based
7.4. Metal based
7.5. Others
8. By Panel
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Panel
8.1.2. Market Attractiveness Index, By Panel
8.2. Wall Modules*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Roof Panels
8.4. Floor Panels
8.5. Other Panels
9. By Product
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
9.1.2. Market Attractiveness Index, By Product
9.2. Timber Frame*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Light Gauge Structural Steel Framing
9.4. Other Products
10. By Application
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
10.1.2. Market Attractiveness Index, By Application
10.2. Residential*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Commercial
10.4. Industrial
11. Sustainability Analysis
11.1. Environmental Analysis
11.2. Economic Analysis
11.3. Governance Analysis
12. By Region
12.1. Introduction
12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
12.1.2. Market Attractiveness Index, By Region
12.2. North America
12.2.1. Introduction
12.2.2. Key Region-Specific Dynamics
12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging
12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.2.6.1. US
12.2.6.2. Canada
12.2.6.3. Mexico
12.3. Europe
12.3.1. Introduction
12.3.2. Key Region-Specific Dynamics
12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Panel
12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.3.8.1. Germany
12.3.8.2. UK
12.3.8.3. France
12.3.8.4. Italy
12.3.8.5. Spain
12.3.8.6. Rest of Europe
12.4. South America
12.4.1. Introduction
12.4.2. Key Region-Specific Dynamics
12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Panel
12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.4.8.1. Brazil
12.4.8.2. Argentina
12.4.8.3. Rest of South America
12.5. Asia-Pacific
12.5.1. Introduction
12.5.2. Key Region-Specific Dynamics
12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Panel
12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.5.8.1. China
12.5.8.2. India
12.5.8.3. Japan
12.5.8.4. Australia
12.5.8.5. Rest of Asia-Pacific
12.6. Middle East and Africa
12.6.1. Introduction
12.6.2. Key Region-Specific Dynamics
12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Panel
12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
13. Competitive Landscape
13.1. Competitive Scenario
13.2. Market Positioning/Share Analysis
13.3. Mergers and Acquisitions Analysis
14. Company Profiles
14.1. Algeco*
14.1.1. Company Overview
14.1.2. Product Portfolio and Description
14.1.3. Financial Overview
14.1.4. Key Developments
14.2. Nelson Homes
14.3. National Gypsum Services Company
14.4. Amwood Homes
14.5. Mecart
14.6. Fullerton Companies
14.7. Advanced Exterior Systems,
14.8. EdgeBuilder
14.9. Bison Precast
14.10. BW Industries
LIST NOT EXHAUSTIVE
15. Appendix
15.1. About Us and Services
15.2. Contact Us