Pre-Engineered Buildings Market Worth $37.8 Billion by 2026, Growing at a CAGR of 14.5%

According to a new report published by Allied Market Research, titled, "Pre-Engineered Buildings Market by Structure and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global pre-engineered buildings market size was valued at $12.5 billion in 2018, and is projected to reach $37.8 billion by 2026, growing at a CAGR of 14.5% from 2019 to 2026. In 2018, by structure, the single-story segment accrued the largest share in the global market. In addition, the expansion of the commercial infrastructure sector throughout the globe especially in emerging nations such as Brazil, China, and India fuels the demand for pre-engineered buildings.

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The manufacturers of pre-engineered buildings are focusing on business expansion and new projects as a strategy to increase their pre-engineered buildings market shares. For instance, in April 2019, Metsä Group invested around US$2 billion in a pre-engineering building to expand its bioproduct mill in Finland and Rauma. Similarly, in October 2019, Saudi Arabia-based Zamil Steel, a PEB company expanded its Ranjangaon plant to increase its production capacity.

Furthermore, the growth of the commercial and industrial sector, owing to the increase in urbanization and population around the globe is projected to propel the demand for pre-engineered buildings in the coming years. Currently, by application, in 2018, the commercial segment has garnered significant market share, owing to the expansion of the infrastructure sector in the developing regions. For instance, in January 2019, India-based Pennar Engineered Building Systems Limited constructed an 18-story commercial building and a 6-story school building in India. In addition, the industrial segment is expected to exhibit significant growth during the forecast period. In terms of region, Asia-Pacific and Europe collectively contributed around 69.1% of the share in the global pre-engineered buildings market in 2018.

Key Players:

The key players profiled in the pre-engineered buildings market report include BlueScope Steel, Era Infra, Everest Industries, Interarch Building Products, Jindal Buildsys, Kirby Building Systems, Lloyd Insulations, PEB Steel Buildings, Tiger Steel Engineering, and Zamil Steel.

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Key Benefits for Stakeholders:

The report provides an extensive analysis of the current and emerging pre-engineered buildings market trends and dynamics.

In-depth market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.

Extensive analysis of the pre-engineered buildings market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global pre-engineered buildings market forecast analysis from 2019 to 2026 is included in the report.

The key market players operating in the global pre-engineered buildings market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the pre-engineered buildings industry.

Global Pre-Engineered Buildings Market Segments:

By Structure

Single-story
Multi-story

By Application

Commercial
Industrial

By Region

North America
Europe
Asia-Pacific
LAMEA

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.