Panelised Modular Building Systems Market Report - UK 2020-2024 - AMA Research

Panelised Modular Building Systems Market Report - UK 2020-2024

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The 8th edition of the ‘Panelised Modular Building Systems Market Report – UK 2020-2024’ has been published by AMA Research. Since the 2018 edition of this report, market performance has improved due to growth in demand in key sectors including housebuilding, self-build, student accommodation, hotels. Public sector procurement frameworks have also been key in driving up the use of offsite construction.

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The 8th edition of the ‘Panelised Modular Building Systems Market Report – UK 2020-2024’ has been published by AMA Research. Since the 2018 edition of this report, market performance has improved due to growth in demand in key sectors including housebuilding, self-build, student accommodation, hotels. Public sector procurement frameworks have also been key in driving up the use of offsite construction.

Key issues analysed include

  • Overall market size & structure – market value, recent trends & growth forecasts, key drivers etc.
  • Product mix by value for: timber frame, light steel framing, precast concrete panels & other timber based – SIPS and CLT.
  • Key end user sectors analysis – mix by value, market potential for private & social housing, self-build housing, healthcare, education, hotels, prisons, student accommodation, etc.
  • Major suppliers by product types – market shares and company profiles.

Areas of particular interest

  • Market forecasts for panelised modular building systems market to 2024.
  • Review of key frame / panel product sectors – timber frame, light gauge structural steel framing, concrete & other timber based (structural insulated panels and cross laminated timber systems).
  • Performance of key end use markets: focus on housebuilding, healthcare, education, student & keyworker accommodation, self-build, hotels.
  • Review of suppliers in each product sector – market shares, major manufacturers.
  • Review of market prospects with a key focus on the housing sector and the emergence of cross laminate timber systems.

    Key areas covered in the report

MARKET OVERVIEW

  • Total panelised modular building systems market – market analysis by value 2015-2020 and forecasts 2021-2024.
  • Key market factors – Covid-19 pandemic; trends in construction output; chronic housing shortage and growing demand; public sector offsite procurement framework;, government initiatives shortage of skills in building trades; increased uptake of Building Information Modelling (BIM).
  • Overview of product mix by frame material by value.

PRODUCT SECTOR REVIEWS

  • Timber frame- sector size by value & volume 2012-2019, key trends and prospects; end user mix; housebuilding mix by developer types; supplier market shares; review of leading manufacturers.
  • Light steel frame- sector size by value, key trends and prospects, review of leading suppliers.
  • Precast concrete panels- sector size by value, key trends and prospects; review of leading manufacturers.
  • Other timber products – structural insulated panels & cross laminated timber systems, etc. sector sizes, key trends and prospects; review of leading suppliers.

KEY END USE SECTOR REVIEWS

  • Overall mix market by end user sector by value.
  • Private & social housebuilding – output mix by types of building method i.e. masonry, timber frame & other offsite; review of key changes in the mix and drivers; mix by types of dwelling; assessment of impact of Affordable
  • Homes programme; market prospects and key drivers for offsite e.g. uptake of CLT.
  • Self-build housing – trend by number of dwellings 2014-2019; key market drivers, use of offsite building methods.
  • Education – overview of general construction trends & applications for offsite e.g. Priority Schools Building Programme and higher education building activity.
  • Healthcare – overview of general construction trends & applications for offsite e.g. Procure 21 programme.
  • Hotels – sector overview, identification of key market divers and recent developments. Focus on budget sector.
  • Purpose built student accommodation – sector overview, identification of key market divers and recent developments. Identification of leading manufacturers supplying the sector.

Some companies mentioned in this report:

Walker Timber Group, Scotframe Timber Engineering Ltd, Oregon Timber Frame Ltd, Oregon Timber Frame Ltd, Kingspan Timber Solutions Limited, Deeside Timberframe Ltd, Space4 Ltd, Taylor Lane Timberframe, Fleming Buildings Ltd, Stewart Milne Timber Systems, Pinewood Structures Ltd, CCG (OSM) Ltd, Robertson Timber Frame
Roe Timber Frame, Cygnum Timber Frame (UK) Ltd, OFP Timber Framed Homes, Frame Homes (South West) Ltd,
Western Building Systems, Flight Timber Products Limited, Frame-Tech Structures, Harlow Timber Systems Ltd, Lowfield Timber Frames, Mactaggart & Mickel Group Ltd, Merronbrook, Sydenhams Timber Engineering, Target Timber Systems Limited,TJ Crump Oakwrights Limited, Alexanders Timber Design, LF Fasthouse Limited, Timber Frameworks, Wyder Engineered Timber Systems, Voestalpine Metsec plc, Ayrshire Metal Products Ltd, BW Industries Ltd, Construction Metal Forming, Metek UK, Elements Europe Ltd, Orca LGS Solutions, Advanced Cold Formed Sections
Caledan, Steel Frame Solutions, Enewall Ltd, EOS Facades, Hadley Steel Framing, Sigmat Ltd, Intelligent Steel Solutions, Speedclad, Superior Sections, FP McCann Ltd, FP McCann Ltd, Explore Manufacturing Limited, Forterra Building, Products Ltd, Creagh Concrete Products Ltd, Precast Concrete Structures, Thorp Precast Ltd, Cornish Concrete Products Ltd

The UK market for panelised modular building systems is estimated to be worth some £753m in 2019.
Within the definition of this report the market consists of pre-fabricated, 2-dimensional frames or panels in systems for constructing walls, partitions, roofs and floors, typically supplied to site as systems in flat-pack format.

However, some systems, particularly light steel frame, are supplied to site in ‘stick’ form and/or direct to manufacturers of volumetric building systems.
The main product type is timber frame, competing with light gauge steel, precast concrete and other engineered wood-based panels. This latter group includes structural insulated panels (SIPS) and cross laminated timber (CLT) systems.

Historically, there has been a reluctance among many clients and specifiers, especially in the private housebuilding sector, to using both panelised and volumetric building methods, which has acted as a constraint on potential growth.
Since 2015, industry performance has improved, mostly due to the recovery in the construction industry as a whole and key end sectors including housebuilding, offices and entertainment and leisure. A shift towards greater sustainability and energy-conservation may also have stimulated demand in this market.

CONTENTS

1. INTRODUCTION 8
1.1 BACKGROUND 8
1.2 SOURCES OF INFORMATION 8
2. SUMMARY 10
2.1 OVERALL MARKET BACKGROUND 10
2.2 MARKET SECTORS AND CHARACTERISTICS 12
3. PANELISED MODULAR BUILDING SYSTEMS OVERVIEW 14
3.1 MARKET DEFINITION 14
3.2 MARKET SIZE, RECENT TRENDS AND INDUSTRY PROSPECTS 14
3.2.1 Market Background 14
3.2.2 Market Prospects 15
3.3 MARKET MIX 19
3.4 KEY MARKET FACTORS 19
3.4.1 Housebuilding Trends 19
3.4.2 Non-Housing Building Trends 23
3.4.3 Public Sector Procurement Frameworks 32
3.4.4 Building Information Modelling 34
3.4.5 Shortages in traditional construction skills 35
3.4.6 Perceptions of Costs and Risks 37
3.4.7 Quality Assurance 38
3.4.8 Sustainability Issues 40
3.4.9 Demand for housing 40
4. TIMBER FRAME 42
4.1 DEFINITION 42
4.2 MARKET SIZE AND TRENDS 42
4.3 SUPPLY 45
4.3.1 Overview 45
4.3.2 Manufacturers and suppliers 48
5. LIGHT STEEL FRAME SYSTEMS 52
5.1 DEFINITION 52
5.2 SECTOR SIZE AND TRENDS 52
5.3 SUPPLY 54
6. PRECAST CONCRETE PANEL SYSTEMS 57
6.1 DEFINITION 57
6.2 SECTOR SIZE AND TRENDS 58
6.3 SUPPLY 59
7. OTHER TYPES OF TIMBER BASED BUILDING SYSTEMS 61
7.1 DEFINITION 61
7.2 SECTOR SIZE AND TRENDS 61
7.3 SUPPLY 63
8. END USE MIX 66
8.1 DEFINITION AND OVERVIEW 66
8.2 PRIVATE AND SOCIAL HOUSING – HOUSING DEVELOPERS 67
8.3 SELF-BUILD / CUSTOM BUILD 74
8.4 COMMERCIAL AND PUBLIC SECTOR NON-RESIDENTIAL 76
8.4.1 Purpose Built Student Accommodation (PBSA) 76
8.4.2 Hotels 78
8.4.3 Education 79
8.4.4 Healthcare 79
APPENDICES 82
APPENDIX A: ECONOMIC ENVIRONMENT 82
A.1 OVERVIEW AND OUTLOOK 82
A.2 GDP 82
A.3 INFLATION & INTEREST RATES 84
A.4 EMPLOYMENT & WAGES 85
A.5 HOUSEHOLD CONSUMPTION 86
A.6 STERLING 87

TABLES AND CHARTS

CHART 1: UK MARKET FOR PANELISED MODULAR BUILDING SYSTEMS (£M MSP) 2015-2024 10
CHART 2: UK MARKET FOR PANELISED MODULAR BUILDING SYSTEMS (£M MSP) 2015-2019, FORECASTS 2020-2024 15
CHART 3: UK MARKET FOR PANELISED MODULAR BUILDING SYSTEMS BY FRAME MATERIAL (TIMBER FRAME, LSF, SIPS, PRECAST, ETC.) BY VALUE 2019 19
CHART 4: NEW HOUSING STARTS & COMPLETIONS AND FORECASTS (ENGLAND, WALES AND SCOTLAND) 2015-2020 & FORECASTS 2021 -2024 (‘000 DWELLINGS) 20
CHART 5: GB PRIVATE RESIDENTIAL CONSTRUCTION – COMPLETIONS AND CONTRACTORS’ OUTPUT (£BN NON-SEASONALLY ADJUSTED) 2015 TO 2019 AND FORECASTS TO 2022 21
CHART 6: UK SOCIAL HOUSING COMPLETIONS BY NUMBERS OF DWELLINGS BY SOCIAL LANDLORD TYPE 2015-2016 TO 2019-2020 AND FORECASTS TO 2021-2023 22
CHART 7: NON-HOUSING CONSTRUCTION NEW WORK OUTPUT IN KEY MARKETS BY VALUE (£BN AT CURRENT PRICES) 2015-2019 & FORECASTS 2020-2024 24
CHART 8: UK BUDGET HOTEL SECTOR CUMULATIVE GROWTH BY TOTAL ROOM NUMBERS 2010 – 2019 25
CHART 9: ESTIMATED NUMBER OF NEW STUDENT BED SPACES BUILT PER YEAR 2015-2021 27
CHART 10: FEDERATION OF MASTER BUILDERS STATE OF TRADE SURVEY Q1 2020 % OF RESPONDENTS REPORTING SKILLED TRADES IN SHORT SUPPLY 36
CHART 11: UK TIMBER FRAME HOUSEBUILDING COMPLETIONS BY NUMBER OF DWELLINGS (‘000) 2012 – 20119 42
CHART 12: UK TIMBER FRAME HOUSING ESTIMATED COMPLETIONS BY SECTOR (SOCIAL, PRIVATE, SELF-BUILD) % BY VOLUME 2019 44
CHART 13: SHARE OF TIMBER FRAME MANUFACTURERS TO THE HOUSEBUILDING SECTORS (DEVELOPERS, SELF-BUILD, BOTH) 2019 47
TABLE 14: TIMBER FRAME SYSTEMS – SHARES FOR MAJOR MANUFACTURERS AND MAIN SECTORS SUPPLIED 48
CHART 15: MARKET FOR PANELISED MODULAR BUILDING SYSTEMS BY END USE SECTORS (RESIDENTIAL, MOD, HEALTHCARE, EDUCATION, HOTELS, ETC.) BY VALUE 2019 67
CHART 16: HOUSEBUILDING OUTPUT BY NUMBER OF DWELLINGS BY CONSTRUCTION METHOD (MASONRY, OFF-SITE, OTHER) 2019 67
CHART 17: UK PANELISED MODULAR BUILDING SYSTEMS MARKET SHARES BY TYPES OF DWELLING 69
CHART 18: UK AFFORDABLE HOUSING NEWBUILD COMPLETIONS BY NUMBER OF DWELLINGS (000S) 2015-16 TO 2019-20 72
CHART 19: SELF-BUILD OUTPUT BY NUMBER OF COMPLETIONS (‘000) 2014 -2019 75
CHART 20: UK MARKET FOR SELF-BUILD MIX BY MAIN CONSTRUCTION METHOD – % OF PROJECTS 2019 75
CHART A1: GVA CHAINED VOLUME MEASURES KEY CONSTITUENT ELEMENTS 2015-2020 – % CHANGE 84
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE 2008-2023 – % 85
CHART A3: AVERAGE WEEKLY EARNINGS DATA (GB) TOTAL PAY 2014-2019 – £ STERLING (SEASONALLY ADJUSTED) 86
CHART A4: DISPOSABLE INCOME PER CAPITA AND THE SAVINGS RATIO AT CURRENT PRICES 2008-2023 87
CHART A5: EXCHANGE RATE FLUCTUATIONS STERLING TO THE DOLLAR AND THE EURO 2015-2019 – SPOT RATES 88

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