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Pre-engineered Buildings Market 2019 Promising Growth Opportunities With Global Key Companies- BlueScope Steel, Tiger Steel, Kirby Building Sys, Everest Industries, Interarch Building Products, PEB Steel Buildings, Pennar Engineered Building Sys and Jinda

02-06-2019 08:09 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future

Pre-engineered Buildings Market

Pre-engineered Buildings Market

Global Pre-engineered Buildings Market Information by Material (Steel, Aluminum and others) by End-use (Commercial, Industrial, and Infrastructure) and Region - Forecast to 2021

BlueScope Steel Ltd., Tiger Steel Industries LLC, Kirby Building Systems, Everest Industries Ltd., Interarch Building Products Pvt. Ltd., Era Infra Engineering Ltd, PEB Steel Buildings Co. Ltd., Pennar Engineered Building Sytems Ltd, Jindal Buildsys Limited, Zamil Steel Holding Co. Ltd., and Multicolor Steels India Pvt. Ltd. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Pre-Engineered Buildings Market.

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Global Pre-Engineered Buildings Market - Overview

Pre-Engineered Buildings is an advanced and innovative method used in construction. Pre-engineered buildings are factory-built buildings of steel that are shipped to site and bolted together. This style of construction is ideally suited to industrial buildings and warehouses; it is cheap, very fast to erect, and can also be dismantled and moved to another site. The Global Pre-Engineered Buildings Market is growing with the rapid pace; mainly due to the increasing demand for warehouses globally.

According to a recent study report published by the Market Research Future, The global market of Pre-Engineered Buildings is booming and expected to gain prominence over the forecast period. The global Pre-Engineered Buildings market is forecasted to demonstrate an exponential growth by 2023.

Currently, the Pre-Engineered Buildings market is spurting mainly due to the supportive government regulations and policies. Governments across all regions are seen promoting and developing their construction & infrastructure sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market.

Additionally, there are lower labor costs involved, construction can be done quicker and there is less to no waste produced. This makes it a cost effective alternative with comparatively lesser wastage and has proved to be an environment friendly construction solution. This also have the positive influence on the growth of the market.

However, in many countries, for construction, people generally use traditional buildings methods rather than using the new technology, mainly due to the lack of awareness regarding trending technologies. This can hinder the market growth.

Pre-Engineered Buildings Global Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Pre-Engineered Buildings appears to be highly competitive. International players who are increasingly expanding their footprint in the developing economy, are making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Pre-Engineered Buildings market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.

Industry News

In August 2017, Zamil Steel Pre-Engineered Buildings Company was recently awarded a contract valued at USD 6.7 million (SAR 25 million) by the Kuwait Company for Process Plant Construction and Contracting K.S.C. for Agility. The scope of the contract includes the supply of more than 4,600 metric tons of pre-engineered steel buildings and more than 100,000 square meters of sandwich panels, which will be used to construct the four air-conditioned warehouses in Mina Abdullah, Kuwait.

In February 2017, Zamil Steel Construction Company, a subsidiary of Zamil Industrial Investment Co. was awarded with a project contract by the Saudi AlbiTek Company for the construction of its new baby wipes factory in the western region of Saudi Arabia. The project spans an area of 39,000 square meters, which includes the factory, administration and utilities buildings.

In March 2016, Richa Industries Limited, a leading Construction & Engineering company received an order from Bharat Electronics Limited (BEL) for the construction of Pre Engineered Building (PEB) for the assembly of Masts & Composite Structures with labs & office area at BEL-NAMU in Navi Mumbai. The Project included design and construction of three buildings including composite shed, finishing shed & rain test shed with the total area of approximately 4300 sq.mt.

Pre-Engineered Buildings Market - Segmentation

Global Pre-Engineered Buildings Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.

Segmentation:

On the basis of Material, market is segmented into Steel, Aluminum and others. Steel dominates the material segment of the market. This material majorly used in the construction of the pre-engineered buildings is steel which in turn is highly reusable without losing its engineering properties.

On the basis of End Use, market is segmented into Commercial, Industrial, and Infrastructure. Commercial sector includes the offices, showrooms and others, industrial sector includes the factories, warehouses and others, and Infrastructure includes the bridges, airport hangers, railway platforms and others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

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Pre-Engineered Buildings Market-Regional Analysis

The Asia-Pacific region is dominates the Pre-Engineered Buildings market and is expected to grow at a fastest CAGR during the forecast period. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region.

North America is also the major region for the market. Raising the demand of eco-friendly and sustainable construction and government support led this region in Pre-Engineered Buildings market.

Scope of Report

The report for Global Pre-engineered Buildings Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Study Objectives of Global Pre-engineered Buildings Market

• To provide detailed analysis of the market structure along with forecast for the next 10 years of various segments and sub-segments of the global pre-engineered buildings market

• To provide insights about factors affecting the market growth

• To analyze the Global Pre-engineered buildings market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (RoW)

• To provide country level analysis of the market with respect to the current market size and future prospective

• To provide country level analysis of the market for segment by material, end-use and by region.

• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global pre-engineered buildings market

Get More Information on Global Pre-engineered Buildings Market Research Report - Forecast to 2021 @ https://www.marketresearchfuture.com/press-release/pre-engineered-buildings-market

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
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