Market Overview:
The global panel systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and eco-friendly homes and buildings. Panel systems are made up of prefabricated panels that can be used for walls, roofs, and floors. These panels are made from various materials such as aluminum, wood, plastic, and others. They offer several benefits such as easy installation, durability, thermal insulation, fire resistance etc., which is driving their demand in the construction industry across the globe. The global panel systems market by type is segmented into aluminum panel systems, wood panel systems plastic panel system and others (including metal sheeting). Among these segments, aluminum panel system held the largest share in 2017 owing to its properties such as high strength-to-weight ratio; corrosion resistance; good thermal conductivity; ease of fabrication; recyclability etc.
Product Definition:
Panel systems are a type of construction that uses panels to form the walls, floors, and roof of a structure. Panel systems have many advantages over traditional construction methods. They are faster to erect, they use less material, and they are more resistant to weathering.
Aluminum:
Aluminum is a metal and has the highest melting point of any element. It is soft and can be easily worked, but it is very strong. Aluminum alloys are used in building materials such as house frames, window frames, door jamsbs & hinges along with transportation products such as aircraft & spacecraft structures & components.
Wood:
Wood is a renewable resource and it's usage in construction helps to enhance the aesthetic value of buildings. Wood can be used as an alternative to metal, concrete, and other building materials. It has high demand from residential & commercial construction sectors owing to its durability along with low maintenance cost. Increasing consumer awareness regarding green building products is expected to drive the market over the forecast period.
Application Insights:
The others application segment includes healthcare, hospitality, and institutional. The demand for the global panel systems in this segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing product installations in hotels and hospitals across the globe. In addition, growing investments by governments in the healthcare sector are likely to positively impact industry growth over the forecast period.
Household was estimated as the largest application segment with a revenue share of more than 50% in 2017 owing to rising product installations at homes globally due largely on account of their energy-efficient nature coupled with aesthetic appeal they offer which has resulted largely driving demand over recent years globally.
Regional Analysis:
Europe accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The regional market is characterized by stringent environmental regulations that have compelled panel manufacturers to use recycled materials, which has resulted in a significant increase in demand from residential applications.
Asia Pacific is anticipated to register the fastest CAGR of XX% during the forecast period owing to rapid industrialization and urbanization, resulting in an increasing number of construction projects across various application industries such as commercial buildings, offices, hotels & restaurants, hospitals & clinics among others.
North America was valued at USD X billion in 2017 and it is projected to reach USD X billion by 2030 growing at a CAGR of XX% during the estimated time frame – due primarilyto high levels of product adoption across U.S.
Growth Factors:
- Increasing demand for energy-efficient and low-cost construction materials
- Rising demand from the automotive sector for lightweight and durable components
- Growing popularity of prefabricated homes and buildings
- Proliferation of digital fabrication technologies that facilitate panel system manufacturing
- Increased focus on sustainability and green building initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Panel Systems Market Research Report
By Type
Aluminum, Wood, Plastic, Others
By Application
Household, Commercial, Others
By Companies
Panel Systems, Inc, Eastern Corporation, Quality Metalcrafts, Wall Panel Systems, Finn Juhl, Open Plan Systems, KI, Steelcase Inc, National Panel Systems, Monarch, EOS, Kanalco LTD, Paroc Panel System, Gustafs, Square Panel System Co., Ltd, Fairview Architectural, Fabral
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Panel Systems Market Report Segments:
The global Panel Systems market is segmented on the basis of:
Types
Aluminum, Wood, Plastic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panel Systems, Inc
- Eastern Corporation
- Quality Metalcrafts
- Wall Panel Systems
- Finn Juhl
- Open Plan Systems
- KI
- Steelcase Inc
- National Panel Systems
- Monarch
- EOS
- Kanalco LTD
- Paroc Panel System
- Gustafs
- Square Panel System Co., Ltd
- Fairview Architectural
- Fabral
Highlights of The Panel Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum
- Wood
- Plastic
- Others
- By Application:
- Household
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Panel Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Panel systems are a type of air conditioning system that uses a large number of small, individual units to cool the room. This system is often more efficient and cheaper to operate than other types of air conditioning systems.
Some of the major players in the panel systems market are Panel Systems, Inc, Eastern Corporation, Quality Metalcrafts, Wall Panel Systems, Finn Juhl, Open Plan Systems, KI, Steelcase Inc, National Panel Systems, Monarch, EOS, Kanalco LTD, Paroc Panel System, Gustafs, Square Panel System Co., Ltd, Fairview Architectural, Fabral.
The panel systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Panel Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Panel Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Panel Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Panel Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Panel Systems Market Size & Forecast, 2018-2028
4.5.1 Panel Systems Market Size and Y-o-Y Growth
4.5.2 Panel Systems Market Absolute $ Opportunity
Chapter 5 Global Panel Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Panel Systems Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Wood
5.2.3 Plastic
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Panel Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Panel Systems Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Panel Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Panel Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Panel Systems Analysis and Forecast
9.1 Introduction
9.2 North America Panel Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Panel Systems Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Wood
9.6.3 Plastic
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Panel Systems Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Panel Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Panel Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Panel Systems Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Wood
10.6.3 Plastic
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Panel Systems Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Panel Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Panel Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Panel Systems Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Wood
11.6.3 Plastic
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Panel Systems Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Panel Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Panel Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Panel Systems Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Wood
12.6.3 Plastic
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Panel Systems Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Panel Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Panel Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Panel Systems Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Wood
13.6.3 Plastic
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Panel Systems Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Panel Systems Market: Competitive Dashboard
14.2 Global Panel Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panel Systems, Inc
14.3.2 Eastern Corporation
14.3.3 Quality Metalcrafts
14.3.4 Wall Panel Systems
14.3.5 Finn Juhl
14.3.6 Open Plan Systems
14.3.7 KI
14.3.8 Steelcase Inc
14.3.9 National Panel Systems
14.3.10 Monarch
14.3.11 EOS
14.3.12 Kanalco LTD
14.3.13 Paroc Panel System
14.3.14 Gustafs
14.3.15 Square Panel System Co., Ltd
14.3.16 Fairview Architectural
14.3.17 Fabral
