Nonresidential Prefabricated Building Systems Market

US demand to rise over 7% annually through 2015

US demand for nonresidential prefabricated building systems is projected to increase over seven percent annually to $16 billion in 2015. Growth will derive from a recovery in nonresidential construction activity, particularly in the office and commercial segment, from a weak 2010 base. In addition, improved prefabricated building system design will provide opportunities for increased market penetration. Prices for many of the raw materials used in nonresidential prefabricated structures increased sharply between 2005 and 2010. Going forward raw material price growth is expected to moderate which will restrain value gains in the nonresidential prefabricated structures market. Shipments of nonresidential prefabricated building systems are expected to increase 6.3 percent annually to $16.3 billion in 2015, trailing increases in demand slightly. The US is a net exporter of prefabricated building systems, but the high 2010 trade surplus in these products will decrease through 2015. In 2010, the weak domestic market led to a decline in imports, while exports were boosted by infrastructure development in the coal sands areas in Canada and the troop surge in Afghanistan.

Metal building systems to remain largest segment

Prefabricated metal building systems will remain the largest segment of the market, accounting for more than 45 percent of the total. Through 2015, demand for metal building systems will increase about six percent annually. Demand will be supported by increases in many metal building markets, particularly in office and commercial markets and many industrial segments. However, the expected decline in metals prices will offset some of these gains. Demand for nonmetal prefabricated building systems (modular, precast concrete, autoclaved aerated concrete and fabric) is expected to increase more than eight percent annually to $8.4 billion in 2015, outpacing growth in metal building systems. The modular building segment is expected to see the fastest growth, benefiting from strong growth in commercial construction and gains in the school age population, which will bolster demand for modular classrooms. Panelized precast concrete systems will also increase at an above-average pace, supported by the design flexibility, sound attenuation properties and low maintenance requirements of these systems.

Office, commerical markets to grow at double digit rates

Prefabricated building systems are used in a wide range of nonresidential applications, most commonly low-rise structures in the industrial, office, commercial and institutional markets. The office and commercial markets will grow at double digit annual rates through 2015, supported by strong growth in related building activity and by improved designs for prefabricated systems.

South, West to see strongest regional market gains

On a regional basis, the South and West are forecast to experience the strongest gains in nonresidential prefabricated building demand. Gains will be supported by relatively strong nonresidential construction activity, as well as from above-average population and economic growth. The South will remain the largest market, accounting for approximately 40 percent of total demand through 2015.

Study coverage

This new industry study, Nonresidential Prefabricated Building Systems, presents historical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 by product, market and US region. The study also considers key market environment factors, evaluates company market share and profiles 45 industry competitors.

Home Building And Improvement Industry in the United States

INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
Macroeconomic Outlook 5
Demographic Trends 9
Nonresidential Building Construction Trends 13
New 14
Improvements & Repairs 16
Agricultural Outlook 17
Nonresidential Fixed Investment 19
Government Spending & Investment 22

III. INDUSTRY OVERVIEW 25

General 25
Outlook 28
Pricing Patterns 32
Historical Market Trends 34
Systems Building Versus Conventional Construction 37
Building Code Regulations 40
US Foreign Trade 43
Exports 44
Imports 46
World Industry Outlook 48

IV. METAL BUILDING SYSTEMS 50

General 50
Supply & Demand 52
Demand by Type 54
Standard 56
Industrial 58
Office & Commercial 59
Institutional 59
Agricultural 60
Other Metal Buildings 62
Components 64
Roofing Systems 65
Wall Panels 69
Other Components 72
Leading Suppliers 74

V. NONMETAL BUILDING SYSTEMS 76

General 76
Supply & Demand 76
Demand by Type 78
Modular Building Systems 80
Types 82
Trends 83
Panelized Precast Concrete Systems 85
Types 87
Trends 88
Other 90
Prefabricated Precast Concrete Buildings 91
Autoclaved Aerated Concrete 92
Pre-Engineered Fabric Structures 94
Cross-Laminated Timber 95
Leading Suppliers 96
Modular Building Systems 97
Precast Concrete Building Systems & Others 99

VI. MARKETS 100

General 100
Institutional 103
Industrial 106
Commercial 109
Office 112
Agricultural 114
Other 116

VII. REGIONAL DEMAND 119

General 119
Regional Demographic & Economic Trends 120
Population Patterns 121
Economic Outlook 123
Construction Outlook 125
Nonresidential Prefabricated Building System Demand 127
Northeast 130
New England 132
Middle Atlantic 132
Midwest 133
East North Central 136
West North Central 136
South 137
South Atlantic 140
East South Central 142
West South Central 143
West 145
Mountain 147
Pacific 149

VIII. INDUSTRY STRUCTURE 151

General 151
Industry Composition 152
Metal Building Systems 155
Modular Building Systems 155
Precast Concrete Building Systems 156
Other Nonresidential Prefabricated Building Systems 157
Market Share 157
Competitive Strategies 162
Product Development 164
Computerization 164
Improved System or Material Performance 166
Increased Design Flexibility 168
Manufacturing 169
Marketing 169
Distribution 171
Mergers & Acquisitions 172
Cooperative Agreements 175
Company Profiles 177
Accelerated Construction Technologies 178
AEP Span, see BlueScope Steel
Alcoa Incorporated 179
Algeco Scotsman Worldwide 180
All American Group Incorporated 182
American Buildings, see Nucor
American Modular Systems Incorporated 183
Amtex, see Sunbelt Modular
ASC Profiles, see BlueScope Steel
ATCO Limited 185
Babb International, see Safecrete
Behlen Manufacturing Company 187
Berkshire Hathaway Incorporated 190
BlueScope Steel Limited 192
Bridgestone Corporation 199
Britco Structures Incorporated 202
Butler Manufacturing, see BlueScope Steel
CBC Steel Buildings, see Nucor
Chief Industries Incorporated 204
Coachmen Industries, see All American Group
Coreslab Structures Incorporated 206
Cretex Companies Incorporated 207
CRH plc 208
DeLuxe Building Systems Incorporated 212
EnCon Companies 213
Euramax Holdings Incorporated 215
Fabcon Incorporated 217
Fabral, see Euramax International
Firestone Building Products, see Bridgestone
Forest River, see Berkshire Hathaway
Gate Petroleum Company 218
Gulf States Manufacturers, see Nucor
Hanson Structural Precast, see HeidelbergCement
HeidelbergCement AG 220
High Companies 222
IPC, see Cretex Companies
Kingspan Group plc 224
Kirby Building Systems, see Nucor
Lester Building Systems LLC 227
Madison Industries Incorporated 229
Mark Line Industries Incorporated 231
MBCI, see NCI Building Systems
Metl-Span, see BlueScope Steel
Modtech Holdings Incorporated 232
Modular Space Corporation 233
Modular Technology, see Accelerated Construction
Technologies
Morin, see Kingspan Group
MR Steel, see Sunbelt Modular
NCI Building Systems Incorporated 236
Nucor Corporation 243
Oldcastle Precast, see CRH
Palomar Modular Buildings LLC 247
Penn Lyon Homes Corporation 248
Phoenix Modular, see Sunbelt Modular
Robertson-Ceco, see NCI Building Systems
Rockford Manufacturing, see Sunward Consolidated
Group
Rubb AS 249
Safecrete 251
Schulte Building Systems Incorporated 253
Smith-Midland Corporation 255
Sprung Instant Structures Incorporated 256
Sunbelt Modular Incorporated 258
Sunward Consolidated Group 260
Ternium SA 262
United Structures of America Incorporated 263
Universal Fabric Structures Incorporated 265
Varco Pruden Buildings, see BlueScope Steel
Walden Structures 267
WedgCor, see Sunward Consolidated Group
Whirlwind Steel Buildings Incorporated 268
Whitley Manufacturing Company Incorporated 270
Williams Scotsman, see Algeco Scotsman Worldwide
Additional Companies in the Industry 272

LIST OF TABLES


SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 9
2 Population & Households 13
3 Nonresidential Building Construction Expenditures 16
4 Nonresidential Building Improvement & Repair Expenditures 17
5 Agricultural Construction Expenditures 19
6 Nonresidential Fixed Investment 22
7 Government Spending & Investment 24

SECTION III -- INDUSTRY OVERVIEW

1 Nonresidential Prefabricated Building System Supply
& Demand by Type 31
2 Nonresidential Prefabricated Building System Market,
2000-2010 36
3 Nonresidential Prefabricated Building System Foreign Trade 44

SECTION IV -- METAL BUILDING SYSTEMS

1 Metal Building System Supply & Demand 54
2 Metal Building System Demand by Type 55
3 Standard Metal Building System Demand 58
4 Agricultural Metal Building System Demand 61
5 Other Nonresidential Metal Building System Demand 64
6 Metal Building System Component Demand 65
7 Metal Roofing System Demand 69
8 Metal Wall Panel Demand 72
9 Other Metal Building System Component Demand 74

SECTION V -- NONMETAL BUILDING SYSTEMS

1 Nonmetal Building System Supply & Demand 78
2 Nonmetal Building System Demand by Type 79
3 Modular Building System Demand 81
4 Panelized Precast Concrete Building System Demand 87
5 Other Prefabricated Building System Demand 91

SECTION VI -- MARKETS

1 Nonresidential Prefabricated Building System Demand
by Market 102
2 Institutional Market for Prefabricated Building Systems 106
3 Industrial Market for Prefabricated Building Systems 109
4 Commercial Markets for Prefabricated Building Systems 112
5 Office Market for Prefabricated Building Systems 114
6 Agricultural Market for Prefabricated Building Systems 116
7 Other Nonresidential Markets for Prefabricated Building
Systems 118

SECTION VII -- REGIONAL DEMAND

1 Population by Region 123
2 Gross Domestic Product by Region 125
3 Construction Expenditures by Region 127
4 US Nonresidential Prefabricated Building System Demand
by Region 129
5 Northeast Nonresidential Prefabricated Building System
Demand 131
6 Midwest Nonresidential Prefabricated Building System
Demand 135
7 South Nonresidential Prefabricated Building System Demand 140
8 West Nonresidential Prefabricated Building System Demand 147

SECTION VIII -- INDUSTRY STRUCTURE

1 Revenues for Selected Nonresidential Prefabricated Building
System Suppliers, 2010 153
2 Selected Acquisitions & Divestitures 174
3 Selected Cooperative Agreements 176

SECTION III -- INDUSTRY OVERVIEW

1 Nonresidential Prefabricated Building System Demand
by Type, 2010 32
2 Nonresidential Prefabricated Building System Pricing,
2000-2020 34
3 Nonresidential Prefabricated Building System Market,
2001-2010 37
4 Nonresidential Prefabricated Building System Exports
by Destination, 2010 46
5 Nonresidential Prefabricated Building System Imports
by Source, 2010 48

SECTION IV -- METAL BUILDING SYSTEMS
1 Metal Building System Demand by Type, 2010 56
2 Metal Building System Market Share, 2010 75

SECTION V -- NONMETAL BUILDING SYSTEMS
1 Nonmetal Building System Demand by Type, 2010 80
2 Nonmetal Building System Market Share, 2010 97

SECTION VI -- MARKETS
1 Nonresidential Prefabricated Building System Demand
by Market, 2010 103

SECTION VII -- REGIONAL DEMAND
1 US Nonresidential Prefabricated Building System Demand
by Region, 2010 129

SECTION VIII -- INDUSTRY STRUCTURE

1 Nonresidential Prefabricated Building System Market Share,
2010 159