Global Building Panels Market – Industry Analysis and Forecast (2019-2027)Posted by aditya on April 20th, 2021 Global Building Panels Market was valued at US$ 172.2Bn in 2019 and is expected to reach US$ 256.1Bn by 2027, at a CAGR of 5.09% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. To know about the Research Methodology:-Request Free Sample Report Building panels are raised to as a building in structural insulated panels or concrete blocks as pre-fabricated concrete which is used to build the internal and external features of the building. With a growing population, there is a rise in activities of construction in the segment of public utility. Which is eventually driving the market of building panels. Also, some of the key drivers like reduced power, reduced time consumption and less need for labour, are also helping in increasing the market. However, some of the strict regulations by a government on the use of certain chemicals is hindering the market growth of building panels. Building panels are effective in terms of related price with it and can withstand the impact of any calamities which are natural such as earthquake and storms. Building panels are widely used to construct the internal and external features of the building. Based on row material, the concrete panel segment will account for the larger shares of the building panel materials market during the forecast period. Structural-architectural concrete panels are a cost-effective solution in construction activities as it is extremely engineered and gives a rugged and durable surface for walls. Concrete panels are used commonly for floors and roofs since they are pre-stressed, which makes them stronger than reinforced panels. Also, these panels are lightweight, easy to cut and come in many shapes and sizes which make them suitable for various needs and requirements. On the basis of application, the residential segment has substantial growth with a growing population and low mortgage interest rate. Construction and transport infrastructure development projects will support the employment of several building panels and in turn its raw material. Rising demand in commercial spaces including malls and supermarkets will propel strong growth in the forecast period. Emerging economies proposal large opportunities in the building panels market globally. Most of these countries are witnessing a high rate of construction activities. Each nation provides a major opportunity of growth for regional also global players. These developing economies are also capable of purchasing premium construction materials and products for the building of better structures. This is expected to boost the scope of growth for global players. In terms of region, the Asia Pacific is forecasted to dominate the global market because of rapid industrialization and urbanization witnessed in the region. The region houses fast-developing economies, for instance, India, China, and Japan. It is expected to have a positive influence on the growth of the building panels market over the upcoming years. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Building Panels Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Building Panels Market. Global Building Panels Market, by Type • Concrete panels • Floors & roofs • Concrete • Residential • North America • Panasonic Corporation For More Information Visit @: This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Like it? Share it! More by this author |
