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Pre-Engineered Buildings Market Worldwide Industry Growth, competitive Analysis, Future Prospects and Forecast 2028

10-31-2022 01:55 PM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

Pre-Engineered Buildings Market

Pre-Engineered Buildings Market

According to our latest market study on "Pre-Engineered Buildings Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Concrete based, Steel based, Modular Systems, Others); End-use (Residential Buildings, Commercial Buildings, Industrial Buildings) and Geography"

A pre-engineered building is a type of enclosing system for a structure. It encompasses the structure of the building, as well as the wall covering and roof. It is built by pre-engineered building manufacturers to meet the needs of the client by employing the best-suited raw material inventory. Rigid frames, plate steel, roof beams, and columns make up the structural systems. Reduced construction time, single-source responsibility, energy-efficient roofing and wall systems, architectural variety, cheaper cost, quality control, minimal maintenance, huge clear spans, and expansion flexibility are just a few of its advantages.

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Companies Profiled in this report includes: ATCO LTD.,  Astron Buildings S.A.,  ATAD Steel Structure Corporation,  Cornerstone Building Brands,  Pennar Industries Limited,  Everest Industries,  Kirby Building Systems,  Norsteel Buildings,  PEB Steel Buildings Co., Ltd,  Tata BlueScope Steel

MARKET SEGMENTATION

  Based on offering, the global pre-engineered buildings market is segmented into concrete based, steel based, modular systems and others.

  On the basis of end-use, the market is segmented into residential buildings, commercial buildings and industrial buildings.

MARKET DYNAMICS

Drivers:

  The rapid growth of the pre-engineered building market is fueled by increasing industrialization and urbanization in developing nations such as India, China, and Brazil.

  Furthermore, due to a surge in investment industries, there is a significant need for the development of commercial complexes, buildings, and workshops.

  Moreover, increase in population and growth in urbanization creates the need for pre-engineered buildings.

Restraints:

  However, disadvantages of these structures such as decreased fire resistance, heat resistance, corrosion susceptibility, and others are likely to hinder the expansion of the pre-engineered buildings market.

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IMPACT OF COVID-19 ON PRE-ENGINEERED BUILDINGS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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