Pre-Engineered Buildings Market Emerging Opportunities, Business Trends and Forecast Analysis 2029

6.9.2023: Pre-Engineered Buildings Market Expected to Reach USD 43150.8 Million by 2029, with 11.5 % CAGR

Pre-Engineered Buildings Market Report Scope and Research Methodology

A comprehensive report on the global Pre-Engineered Buildings Market, covering market values, dynamics, segment analysis, regional insights, and growth drivers and restraints.

Research Methodology:
The market analysis is based on real data from 2020 and 2022, with trends observed over the past five years. The exceptional year of 2022, influenced by regional lockdowns, is also factored in. The report utilizes rigorous research methods and industry expertise to provide valuable insights into the market.

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What are Pre-Engineered Buildings Market Dynamics?

The growing awareness of sophisticated off-site construction technologies and practices, along with rising industrialization across the globe is driving the pre-engineered buildings market growth. The demand for industrial storage facilities and warehouses has increased as e-commerce and logistics stores have become more prevalent in the retail industry. This has increased the need for pre-engineered buildings, which are more cost-effective and long-lasting than conventionally constructed structures. Pre-engineered building systems also provide major performance benefits, such as a longer building material life cycle, infinite design flexibility, and lower material and labor costs. In addition, the introduction of pre-engineered green buildings has boosted the market growth. These green structures are low-carbon, environmentally friendly solutions that use less energy during and after construction.

Pre-engineered buildings along with technological advances have greatly contributed to the development of quality of life over time. PEB construction takes 30 to 40% less time than masonry. PEB structures have a good insulating effect and would be ideal for a tropical country such as India. PEB is an excellent choice for construction in isolated and steep places. According to a recent survey by the Metal Building Associations (MBA), pre-engineered buildings account for over 60% of non-residential low-rise buildings in the United States.

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Pre-Engineered Buildings Market Segmentation?

1. Structure Segment:

Single-Story
Multi-Story
The single-story segment dominated the market in 2020, accounting for 73.1% of the market share. This is attributed to increased demand in non-residential construction, particularly in healthcare, education, recreation, and retail, driven by cost-efficiency and design flexibility.

2. Application Segment:

Warehouses & Industrial
Infrastructure
Commercial
Others
Warehouses & Industrial held the largest market share in 2022, at 64%, driven by growth in manufacturing, shipping, and e-commerce industries. Infrastructure is expected to witness significant growth during the forecast period due to increasing demand for various structures such as metro stations, airport terminals, and roads.

Who are Pre-Engineered Buildings Market Key Players?

• Bluescope
• Zamil Steel Holding Company
• Kirby Building Systems
• Nucor Corporation
• NCI Building Systems
• Lindab Group
• Everest Industries
• PEB Steel
• PEBS Pennar
• ATCO
• Atad Steel Structure Corporation
• Memaar Building Systems
• Norsteel Buildings
• John Reid & Sons (Strucsteel)
• Rigid Global Buildings
• Metal Building Manufacturers Inc.
• Mabani Steel
• Steelway Building Systems
• Tiger Steel Engineering India (Tseil)
• Emirates Building Systems
• Phenix Construction Technologies
• Allied Steel Buildings
• SML Group
• Octamec Group
• Jindal Buildsys

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Regional Insights:

Asia Pacific:

Asia Pacific held the largest market share, accounting for 38.71% in 2022. India and China are significant contributors to the market, driven by population growth, economic development, government investments, and the demand for cost-effective green structures.

In India, the steel structures market has been growing at a rate of over 10% annually, outpacing the steel industry and construction GDP growth. This trend is expected to continue, boosting the pre-engineered buildings market.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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