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Modular Wall Panel Systems Market Trends, Forecasts and Company Analysis Report 2025, with Armstrong World Industries, Hufcor, PortaFab, Paric, Trimo, Starwall Partition Systems, & Eurobond Laminates
GlobeNewswire News Roomยท 2025-07-22 16:19
Core Insights - The Modular Wall Panel Systems Market is projected to grow from USD 1.6 Billion in 2024 to USD 2.5 Billion by 2030, with a CAGR of 7.80% driven by urbanization, faster construction needs, and sustainable practices [2][19]. Market Drivers - The demand for time-efficient and cost-effective construction solutions is a primary driver, as modular wall panels reduce construction time and labor requirements through prefabrication [6][8]. - Sectors such as healthcare, education, and commercial real estate benefit from the rapid deployment capabilities of modular systems, enhancing project planning and budgeting [7]. - Rising labor costs and a shortage of skilled tradespeople in developed regions make modular construction a practical alternative, minimizing on-site labor dependency [8]. Market Challenges - High initial investment and setup costs hinder adoption, as establishing production facilities requires significant capital for specialized equipment and automation [9][10]. - Comprehensive planning and design expenses, along with limited financing options in developing regions, further restrict the transition to modular construction [10]. - Resistance to change within construction firms complicates the adaptation of existing workflows to modular techniques, delaying broader adoption [11]. Market Trends - The integration of smart and sustainable materials into modular panels is a key trend, with manufacturers adopting eco-friendly alternatives to meet tightening environmental regulations [12][13]. - Materials such as recycled metals and engineered wood are replacing traditional materials, providing benefits like improved insulation and energy efficiency [13]. Key Market Players - Notable companies in the modular wall panel systems market include Armstrong World Industries, Hufcor, PortaFab, DIRTT Environmental Solutions, and others [16]. Report Scope - The report segments the market by product type and application, covering various sectors including healthcare, education, and commercial [15][21].